Financial Analysis

Commitments and contingent liabilities Off-balance sheet arrangements In the normal course of business, various commitments and contingent liabilities are outstanding that are not reflected in the accompanying consolidated balance sheets. Our significant trading and off-balance sheet risks are securities, foreign currency and interest rate risk management products, commercial lending commitments, letters of credit and securities lending indemnifications. We assume these risks to reduce interest rate and foreign currency risks, to provide customers with the ability to meet credit and liquidity needs and to hedge foreign currency and interest rate risks. These items involve, to varying degrees, credit, foreign currency and interest rate risks not recognized on the balance sheet. Our off-balance sheet risks are managed and monitored in manners similar to those used for on-balance sheet risks. The following table presents a summary of our off-balance sheet credit risks. Off-balance sheet credit risks June 30, 2026 Dec. 31, 2025 (in millions) Lending commitments $ 48,815 $ 49,433 Standby letters of credit (SBLC) (a) 1,477 1,659 Commercial letters of credit 91 78 Securities lending indemnifications (b)(c) 717,187 666,395 (a) Net of participations totaling $111 million at June 30, 2026 and $111 million at Dec. 31, 2025. (b) Excludes the indemnification for securities for which BNY acts as an agent on behalf of CIBC Mellon clients, which totaled $71 billion at June 30, 2026 and $74 b …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

The following table presents fee and other revenue related to contracts with customers, disaggregated by type of fee revenue, for each business segment. Business segment data has been determined on an internal management basis of accounting, rather than GAAP, which is used for consolidated financial reporting. Disaggregation of contract revenue by business segment Quarter ended June 30, 2026 June 30, 2025 (a) (in millions) Securities Services Market and Wealth Services Investment and Wealth Management Other Total Securities Services Market and Wealth Services Investment and Wealth Management Other Total Fee and other revenue contract revenue: Investment services fees $ 1,648 $ 1,207 $ 27 $ (18) $ 2,864 $ 1,435 $ 1,113 $ 26 $ (18) $ 2,556 Investment management and performance fees 3 796 (3) 796 3 754 (3) 754 Financing-related fees 19 8 27 11 3 1 15 Distribution and servicing fees (34) 72 38 1 (34) 69 1 37 Investment and other revenue 75 73 (116) (2) 30 72 69 (106) (3) 32 Total fee and other revenue contract revenue 1,742 1,257 779 (23) 3,755 1,519 1,154 744 (23) 3,394 Fee and other revenue not in scope of Accounting Standards Codification (ASC) 606 (b)(c) 304 102 30 30 466 268 94 16 41 419 Total fee and other revenue $ 2,046 $ 1,359 $ 809 $ 7 $ 4,221 $ 1,787 $ 1,248 $ 760 $ 18 $ 3,813 (a) Results for the quarter ended June 30, 2025 were revised to reflect the realignment of clients in Managed Accounts Solutions from the Securities Services business segment to the Market and We …

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Goodwill and intangible assets Goodwill The tables below provide a breakdown of goodwill by business segment. Goodwill by business segment (in millions) Securities Services Market and Wealth Services Investment and Wealth Management Consolidated Balance at Dec. 31, 2025 Goodwill $ 7,388 $ 1,481 $ 8,578 $ 17,447 Accumulated impairment losses (680) (680) Net goodwill $ 7,388 $ 1,481 $ 7,898 $ 16,767 Business realignment (a) (59) 59 Foreign currency translation (17) (1) (18) (36) Balance at June 30, 2026 Goodwill $ 7,312 $ 1,539 $ 8,560 $ 17,411 Accumulated impairment losses (680) (680) Net goodwill $ 7,312 $ 1,539 $ 7,880 $ 16,731 (a) In the first quarter of 2026, we realigned clients in Managed Accounts Solutions within our lines of business. See Note 16 for additional information. Goodwill by business segment (in millions) Securities Services Market and Wealth Services Investment and Wealth Management Consolidated Balance at Dec. 31, 2024 Goodwill $ 7,331 $ 1,475 $ 8,472 $ 17,278 Accumulated impairment losses (680) (680) Net goodwill $ 7,331 $ 1,475 $ 7,792 $ 16,598 Dispositions (18) (18) Foreign currency translation 100 9 134 243 Balance at June 30, 2025 Goodwill $ 7,413 $ 1,484 $ 8,606 $ 17,503 Accumulated impairment losses (680) (680) Net goodwill $ 7,413 $ 1,484 $ 7,926 $ 16,823 Goodwill impairment testing The goodwill impairment test is performed at least annually at the reporting unit level. An interim goodwill impairment test is performed when events or circumstances o …

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Employee benefit plans The components of net periodic benefit (credit) cost are presented below. The service cost component is reflected in staff expense, whereas the remaining components are reflected in other expense. Net periodic benefit (credit) cost Quarter ended June 30, 2026 June 30, 2025 (in millions) Domestic pension benefits Foreign pension benefits Healthcare benefits Domestic pension benefits Foreign pension benefits Healthcare benefits Service cost $ $ 4 $ $ $ $ Interest cost 44 11 1 46 11 1 Expected return on assets (90) (20) (3) (91) (20) (2) Other 14 1 8 (1) 1 Net periodic benefit (credit) $ (32) $ (5) $ (1) $ (37) $ (10) $ …

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Contract revenue Fee and other revenue in the Securities Services, Market and Wealth Services and Investment and Wealth Management business segments is primarily variable, based on levels of assets under custody and/or administration, assets under management and the level of client-driven transactions, as specified in the fee schedules. See Note 9 of the Notes to Consolidated Financial Statements in our 2025 Annual Report for information on the nature of our services and revenue recognition. See Note 23 of the Notes to Consolidated Financial Statements in our 2025 Annual Report for additional information on our principal business segments Securities Services, Market and Wealth Services and Investment and Wealth Management and the primary services provided. Disaggregation of contract revenue Contract revenue is included in fee and other revenue on the consolidated income statement. The following table presents fee and other revenue related to contracts with customers, disaggregated by type of fee revenue, for each business segment. Business segment data has been determined on an internal management basis of accounting, rather than GAAP, which is used for consolidated financial reporting. Disaggregation of contract revenue by business segment Quarter ended June 30, 2026 June 30, 2025 (a) (in millions) Securities Services Market and Wealth Services Investment and Wealth Management Other Total Securities Services Market and Wealth Services Investment and Wealth Management Other T …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Business segments We have an internal information system that produces performance data along product and service lines for our three principal business segments and the Other segment. The primary products and services and types of revenue for our principal businesses and a description of the Other segment are presented in Note 23 of the Notes to Consolidated Financial Statements in our 2025 Annual Report. Business accounting principles Our business segment data has been determined on an internal management basis of accounting, rather than GAAP, which is used for consolidated financial reporting. These measurement principles are designed so that reported results of the businesses will track their economic performance. Our business segments are consistent with the structure used by the Chief Executive Officer, our Chief Operating Decision Maker (CODM), to make key operating decisions and assess performance. Our CODM evaluates the business segments operating performance primarily based on fee and other revenue, total revenue, income before income taxes, and pre-tax operating margin. The significant expense information regularly provided to and reviewed by the CODM is total noninterest expense. The CODM considers this information when evaluating the performance of each business segment and in making decisions about allocating capital and other resources to each business segment. Business segment results are subject to reclassification when organizational changes are made, or for …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Basis of presentation In this Quarterly Report on Form 10-Q, references to our, we, us, BNY, the Company and similar terms refer to The Bank of New York Mellon Corporation and its consolidated subsidiaries. The term Parent refers to The Bank of New York Mellon Corporation but not its subsidiaries. Basis of presentation The accounting and financial reporting policies of BNY, a global financial services company, conform to U.S. generally accepted accounting principles (GAAP) and prevailing industry practices. For information on our significant accounting and reporting policies, see Note 1 of the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended Dec. 31, 2025 (the 2025 Annual Report). The accompanying consolidated financial statements are unaudited. In the opinion of management, all adjustments necessary, consisting of normal recurring adjustments, for a fair presentation of financial position, results of operations and cash flows for the periods presented have been made. These financial statements should be read in conjunction with our Consolidated Financial Statements included in our 2025 Annual Report. Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates based upon assumptions about future economic and market conditions which affect reported amounts and related disclosures in our financial statements. Although our current estimates contemplate current condition …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Preferred stock The Parent has 100 million authorized shares of preferred stock with a par value of $0.01 per share. The following table summarizes the Parents preferred stock issued and outstanding at June 30, 2026 and Dec. 31, 2025. Preferred stock summary (a) Total shares issued and outstanding Carrying value (b) (in millions) June 30, 2026 Dec. 31, 2025 June 30, 2026 Dec. 31, 2025 Per annum dividend rate (c) Series A Greater of (i) SOFR plus 0.565% and (ii) 4.000% 5,001 5,001 $ 500 $ 500 Series F 4.625% to but excluding Sept. 20, 2026, then SOFR plus 3.131% 10,000 10,000 990 990 Series H 3.700% to but excluding March 20, 2026, then a floating rate equal to the five-year treasury rate plus 3.352% 5,825 576 Series I 3.750% to but excluding Dec. 20, 2026, then a floating rate equal to the five-year treasury rate plus 2.630% 13,000 13,000 1,287 1,287 Series J 6.300% to but excluding March 20, 2030, then a floating rate equal to the five-year treasury rate plus 2.297% 5,000 5,000 494 494 Series K 6.150% to but excluding March 20, 2030, then a floating rate equal to the five-year treasury rate plus 2.161% 5,000 5,000 494 494 Series L 5.950% to but excluding Dec. 20, 2030, then a floating rate equal to the five-year treasury rate plus 2.271% 5,000 5,000 495 495 Series M 5.625% to but excluding March 20, 2031, then a floating rate equal to the five-year treasury rate plus 2.034% 5,000 494 Total 48,001 48,826 $ 4,754 $ 4,836 (a) All outstanding preferred stock is noncumulative per …

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