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Bank of New York Mellon vs State Street: BNY and STT compared
Bank of New York Mellon is the larger company: $5.7B of revenue in its latest quarter (Q3 2026) against $4.0B for State Street (Q3 2026). State Street is growing faster (+13% against +12% a year earlier). Bank of New York Mellon is more profitable, with an operating margin of 38.5% against 34.7%.
Where the money goes: BNY and STT
Bank of New York Mellon (BNY) · Q3 2026
Bank of New York Mellon, Q3 2026: revenue $5.7B (+12% year over year), operating margin 38.5%, net earnings $1.7B, operating cash flow $4.7B. The chart follows the revenue to costs, profit and cash.
State Street (STT) · Q3 2026
State Street, Q3 2026: revenue $4.0B (+13% year over year), operating margin 34.7%, net earnings $1.1B, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.
| Bank of New York Mellon (BNY) | State Street (STT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $5.7B | $4.0B |
| Revenue growth, Y/Y | +12% | +13% |
| Operating margin | 38.5% | 34.7% |
| Net earnings | $1.7B | $1.1B |
| Net margin | 29.8% | 27.2% |
| Operating cash flow | $4.7B | $2.2B |
| Free cash flow | $4.0B | $1.9B |
| Market value | $101.5B | $46.1B |
| P/E | 16.3× | 13.5× |
| Analysts’ mean target | $163.70 | $192.63 |
Where the revenue comes from
Bank of New York Mellon
- Noninterest income: $4.3B (75%)
- Net interest income: $1.4B (25%)
State Street
- Total fee revenue: $3.1B (78%)
- Net interest income: $864M (22%)
Questions
Which is bigger, Bank of New York Mellon or State Street?
Bank of New York Mellon is the larger company: $5.7B of revenue in its latest quarter (Q3 2026) against $4.0B for State Street (Q3 2026).
Is Bank of New York Mellon or State Street growing faster?
State Street is growing faster (+13% against +12% a year earlier).
Which is more profitable, Bank of New York Mellon or State Street?
Bank of New York Mellon is more profitable, with an operating margin of 38.5% against 34.7%.
More: Bank of New York Mellon earnings · how Bank of New York Mellon makes money · State Street earnings · how State Street makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.