BNY (NYSE:BK) Posts Better-Than-Expected Sales In Q4 CY2025

Global financial services company BNY NYSE:BK) beat Wall Street’s revenue expectations in Q4 CY2025, with sales up 6.8% year on year to $5.18 billion. Its GAAP profit of $2.02 per share was 6.3% above analysts’ consensus estimates.

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Company Overview

Tracing its roots back to 1784 when it was founded by Alexander Hamilton, BNY (NYSE:BK) is a global financial institution that provides asset servicing, wealth management, and investment services to institutions, corporations, and high-net-worth individuals.

Revenue Growth

A company’s long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last five years, BNY grew its revenue at a tepid 4.7% compounded annual growth rate. This was below our standard for the financials sector and is a tough starting point for our analysis.

Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. BNY’s annualized revenue growth of 5.9% over the last two years is above its five-year trend, but we were still disappointed by the results.

This quarter, BNY reported year-on-year revenue growth of 6.8%, and its $5.18 billion of revenue exceeded Wall Street’s estimates by 0.7%.

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Tangible Book Value Per Share (TBVPS)

Financial institutions with multiple business lines manage complex balance sheets that span various financial activities. Market valuations reflect this operational complexity, prioritizing balance sheet strength and sustainable book value growth across all business segments.

This is why we consider tangible book value per share (TBVPS) an important metric for the sector. TBVPS represents the real net worth per share across all business segments, providing a clear measure of shareholder equity regardless of the complexity of operations. EPS can become murky due to the complexity of multiple revenue streams, acquisition impacts, or accounting flexibility across different financial services, and book value resists financial engineering manipulation.

BNY’s TBVPS grew at a decent 8.3% annual clip over the last five years. TBVPS growth has accelerated recently, growing by 27.1% annually over the last two years from $19.60 to $31.64 per share.

Tangible Book Value Per Share (TBVPS)

Financial institutions manage complex balance sheets spanning various financial activities. Valuations reflect this complexity, emphasizing balance sheet quality and long-term book value compounding across multiple revenue streams.

This explains why tangible book value per share (TBVPS) is a premier metric for the sector. TBVPS provides concrete per-share net worth that investors can trust when evaluating companies with complex, multi-faceted business models. Traditional metrics like EPS are helpful but face distortion from the complexity of diversified operations, M&A activity, and various accounting rules that can obscure true performance across multiple business lines.

BNY’s TBVPS grew at a decent 8.3% annual clip over the last five years. TBVPS growth has accelerated recently, growing by 27.1% annually over the last two years from $19.60 to $31.64 per share.

Key Takeaways from BNY’s Q4 Results

It was good to see BNY beat analysts’ EPS expectations this quarter. Overall, this print had some key positives. The market seemed to be hoping for more, and the stock traded down 2.7% to $117.45 immediately following the results.

So should you invest in BNY right now? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here (it’s free).