Bank of New York Mellon BNY
NYSE · State Commercial Banks · $103.6B$147.49−3.42%Nov 5 close · Databento
BNY Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing
Nov 5, 2026CLOSE $147.491D −3.42%3M −7.49%SMA20 $145.49SMA50 $150.56RSI(14) 49.7
RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 49.7
Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.
1 story has a settled next close so far (1 on the Wire). The record starts speaking at three.
The numbers
fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via DatabentoMarket cap$103.6B
EV / True FCF24.6x
Revenue$20.1B +7.8%
True FCF (ex-SBC)$5.2B +762.0%
Rule of 4033.6%
True FCF Yield5.0%
EPS, diluted$7.40 +27.6%
Modern Valuation (EOD)
Market Cap$103.6B
Enterprise Value$127.5B
EV / True FCF24.64
EV / FCF24.63
EV / Gross Profit—
EV / EBIT—
EV / Sales6.35
P / E (GAAP)18.67
P / FCF20.02
P / Oper. CF15.40
P / Book2.32
Owner & Cash Yields
True FCF Yield5.0%
FCF Yield5.0%
Owner Earn. Yield3.9%
Earnings Yield5.4%
Shareholder Yield+4.8%
Buyback Yield3.4%
Dividend Yield1.36%
Dividend / sh$2.00
Payout Ratio26%
FCF / sh$7.69
EPS (diluted)$7.40
Compounder & Returns
Rule of 4033.6%
ROIC—
Cash ROIC (CROIC)7.5%
GP / Assets—
ROE12.4%
ROA1.2%
Gross Margin—
Oper. Margin—
Net Margin27.6%
FCF Margin25.8%
True FCF Margin25.8%
Quality & Dilution
Cash Conversion93%
Accrual Ratio−0.3%
SBC % of FCF0.0%
SBC % of Rev0.0%
Reinvest. Rate23%
Sales Growth Y/Y+7.8%
Sales 3Y CAGR+6.7%
EPS Growth Y/Y+27.6%
FCF Growth Y/Y+762.0%
FCF 3Y CAGR−27.7%
Share Change Y/Y−4.2%
Balance Sheet & Scale
Revenue (FY)$20.1B
Gross Profit (FY)—
Oper. Income (FY)—
GAAP Net Income$5.5B
True FCF (ex-SBC)$5.2B
Cash & Equiv$8.0B
Total Debt$31.9B
Net Cash (Debt)$-23.9B
Net Cash % MCap−23.1%
Debt / FCF (yrs)6.2y
Current Ratio—672.90M sh
Price & Technicals (EOD)
Perf Week−1.26%
Perf Month+3.34%
Perf Quarter−6.42%
Perf Half Y—
Perf YTD+6.12%
SMA 20 Dist+1.37%$145.49
SMA 50 Dist−2.04%$150.56
SMA 100 Dist−3.45%$152.76
Window High−10.53%$164.84
Window Low+7.16%$137.64
RSI (14) · Vol49.724%v
Income Distribution & Cash Flow ConversionHow every dollar of BNY revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow
Where Every $100 of Revenue Goes (FY2025)
Cost of Revenue (COGS)$0 ($0.0 / $100)
Operating Expenses$0 ($0.0 / $100)
Tax & Non-Operating$14.5B ($72.4 / $100)
Net Profit Kept$5.5B ($27.6 / $100)
Earnings Quality: GAAP Profit → True Owner Cash (FY2025)
GAAP Net Income$5.5B (27.6% margin)
Operating Cash Flow (OCF)$6.7B(33.5% of rev)
Less: Capital Expenditures−$1.6B(7.7% of rev)
Standard Free Cash Flow (FCF)$5.2B(25.8% margin)
Less: Stock-Based Comp (SBC)−$1.0M(0.0% of FCF)
True FCF (Owner Cash ex-SBC)$5.2B(25.8% of rev)
Revenue by fiscal year
Operating leverage — margins
GrossOperatingNet
| Line Item (USD) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY Δ | 4Y CAGR | Trend |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | $15.9B | $16.5B | $17.7B | $18.6B | $20.1B | +7.8% | +6.0% | |
| Interest Expense | $227.0M | $3.6B | $16.3B | — | $16.3B | — | +191.1% | |
| Income Tax Expense | $877.0M | $937.0M | $979.0M | $1.3B | $1.5B | +13.0% | +13.9% | |
| GAAP Net Income | $3.8B | $2.6B | $3.3B | $4.5B | $5.5B | +22.5% | +10.2% | |
| Diluted EPS | $4.14 | $2.88 | $3.89 | $5.80 | $7.40 | +27.6% | +15.6% | |
| Diluted Shares | 856.4M | 814.8M | 787.8M | 748.1M | 716.7M | −4.2% | −4.4% | |
| Balance Sheet | ||||||||
| Cash & Equivalents | $9.9B | $11.5B | $8.3B | $5.6B | $8.0B | +42.7% | −5.3% | |
| Total Assets | $444.4B | $405.6B | $409.9B | $416.1B | $472.3B | +13.5% | +1.5% | |
| Total Debt (Short + Long Term) | $25.9B | $30.5B | $31.3B | $30.9B | $31.9B | +3.3% | +5.3% | |
| Total Liabilities | $401.0B | $364.9B | $369.0B | $374.3B | $427.5B | +14.2% | +1.6% | |
| Stockholders' Equity | $43.1B | $40.6B | $40.8B | $41.7B | $44.7B | +7.3% | +0.9% | |
| Net Cash / (Net Debt) | $-16.0B | $-18.9B | $-22.9B | $-25.3B | $-23.9B | +5.4% | — | |
| Invested Capital | $59.2B | $59.5B | $63.7B | $67.0B | $68.6B | +2.5% | +3.8% | |
| Cash Flow & Capital Allocation | ||||||||
| Operating Cash Flow (OCF) | $2.8B | $15.1B | $5.9B | $687.0M | $6.7B | +879.6% | +24.1% | |
| Stock-Based Compensation (SBC) | — | — | $0 | $0 | $1.0M | — | — | |
| Capital Expenditures (CapEx) | $1.2B | $1.3B | $1.2B | $1.5B | $1.6B | +5.7% | +6.3% | |
| Free Cash Flow (FCF) | $1.6B | $13.7B | $4.7B | $-782.0M | $5.2B | +762.0% | +33.6% | |
| True FCF (ex-SBC Owner Cash) | $1.6B | $13.7B | $4.7B | $-782.0M | $5.2B | +761.9% | +33.6% | |
| Share Repurchases (Buybacks) | $4.6B | $124.0M | $2.6B | $3.1B | $3.5B | +15.4% | −6.2% | |
| Dividends Paid | $1.1B | $1.2B | $1.3B | $1.3B | $1.4B | +7.3% | +6.5% | |
Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.
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