--- title: "BNY Mellon: Business Model" description: "BNY Mellon revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained." canonical: https://www.getswoopr.com/stocks/companies/bny-mellon/business-model/ source: "Swoopr Investment: https://www.getswoopr.com" --- # BNY Mellon: Business Model & Revenue Engine ## Direct Answer BNY Mellon reports revenue across 4 business segments in its fiscal 2025 Form 10-K. Securities Services is the largest, with $9.7 billion of revenue (48% of the total), followed by Market and Wealth Services at $7.0 billion (35%). ## How Does BNY Mellon Make Money? No single line supplies a majority of revenue: the largest, Securities Services, is 48%, which spreads BNY Mellon's exposure across several demand drivers. Between fiscal 2024 and 2025, All Other grew fastest (+56.8%) and Investment and Wealth Management slowest (-3.9%), so the revenue mix tilts toward All Other while that gap lasts. | Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change | | --- | --- | --- | --- | --- | | Securities Services | $9.7 billion | $8.9 billion | 48.5% | 9.1% | | Market and Wealth Services | $7.0 billion | $6.3 billion | 34.9% | 11.7% | | Investment and Wealth Management | $3.3 billion | $3.4 billion | 16.2% | -3.9% | | All Other | $58 million | $37 million | 0.3% | 56.8% | ![Bar chart of BNY Mellon revenue by segment for fiscal 2025: Securities Services 48.5%, Market and Wealth Services 34.9%, Investment and Wealth Management 16.2%, All Other 0.3%.](https://www.getswoopr.com/images/charts/bny-mellon-business-model-segment-mix.webp) *BNY Mellon revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.* ## What the Segment Figures Do Not Show The rows above add up to 100% of BNY Mellon's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin. ## Where These Numbers Come From Every figure on this page is a value BNY Mellon reported in the segment note and revenue disclosures of its Form 10-K filed February 25, 2026 (accession 0001390777-26-000033), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading. Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What are BNY Mellon's business segments? In its fiscal 2025 Form 10-K, BNY Mellon reports revenue for Securities Services, Market and Wealth Services, Investment and Wealth Management and All Other. ### Which part of BNY Mellon brings in the most revenue? Securities Services, with $9.7 billion of revenue in fiscal 2025, or 48% of the total. ### Where does BNY Mellon report its segment results? In the segment note to the financial statements in its Form 10-K, most recently filed February 25, 2026, alongside management's discussion of each segment's results. ## References - [SEC EDGAR: Bank of New York Mellon Corp Form 10-K filed February 25, 2026](https://www.sec.gov/Archives/edgar/data/1390777/000139077726000033/bk-20251231.htm) - [SEC EDGAR: Bank of New York Mellon Corp annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1390777&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) - [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets) ## Related Pages - [BNY Mellon company dossier](https://www.getswoopr.com/stocks/companies/bny-mellon/) - [BNY Mellon financial metrics](https://www.getswoopr.com/stocks/companies/bny-mellon/metrics/) - [BNY Mellon financial risk indicators](https://www.getswoopr.com/stocks/companies/bny-mellon/risks/) - [BNY Mellon peer comparison](https://www.getswoopr.com/stocks/companies/bny-mellon/competitors/) - [BNY Mellon business model and revenue mix](https://www.getswoopr.com/stocks/companies/bny-mellon/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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