Bank of New York Mellon (BK) Tax Rate (2009 - 2026)
Bank of New York Mellon (BK) reported Tax Rate of 19.15% for Q1 2026, down 56.0% year-over-year from 43.52% in Q1 2025, and down 6.05% quarter-over-quarter from 20.38% in Q4 2025.
Bank of New York Mellon (BK) Tax Rate (2009 - 2026) Analysis & Trends
Bank of New York Mellon (BK) has 18 years of Tax Rate data on file, last reported at 19.15% in Q1 2026.
- Tax Rate for Q1 2026 came in at 19.15%, down 56.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.67% (down 96.0% YoY), and the FY2025 annual result was 20.9%, down 142.0% from the prior year.
- Tax Rate slipped to 19.15% in Q1 2026 per BK's latest filing, from 20.38% in the prior quarter.
- Over five years, Tax Rate peaked at 38.41% in Q3 2022 and troughed at 16.67% in Q1 2022.
- A 5-year average of 22.52% and a median of 21.46% in 2023 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2023: Tax Rate jumped 1957 bps in 2022, then plunged 1695 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 20.73% in 2022, then rose by 26 bps to 26.16% in 2023, then retreated by 18 bps to 21.4% in 2024, then fell by 5 bps to 20.38% in 2025, then retreated by 6 bps to 19.15% in 2026.
- Business Quant data shows BK's Tax Rate at 19.15% in Q1 2026, 20.38% in Q4 2025, and 21.33% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,329,940,501.22 Bn | 1,329,940,501.43 Bn | - | 23.02% |
| 2 | Hsbc Holdings | 37,228.00 Bn | 37,228.45 Bn | - | -21.14% |
| 3 | Royal Bank Of Canada | 2,913.28 Bn | 2,841.72 Bn | - | 21.90% |
| 4 | Toronto Dominion Bank | 959.65 Bn | 952.85 Bn | - | - |
| 5 | Bank Of Montreal | 416.15 Bn | 416.15 Bn | - | 25.14% |
| 6 | Bank Of America | 390.60 Bn | -216.10 Bn | 29.24 Bn | 17.49% |
| 7 | Barclays | 379.37 Bn | -269.24 Bn | - | -22.67% |
| 8 | Mitsubishi Ufj Financial | 271.88 Bn | -414.40 Bn | 3.81 Bn | 26.08% |
| 9 | Wells Fargo & Company | 252.38 Bn | 177.30 Bn | - | 11.55% |
| 10 | Bank of New York Mellon | 94.86 Bn | 37.94 Bn | - | 19.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.15% |
| Mar 31, 2026 | 19.15% |
| Dec 31, 2025 | 20.38% |
| Dec 31, 2025 | 20.38% |
| Sep 30, 2025 | 21.33% |
| Sep 30, 2025 | 21.33% |
| Jun 30, 2025 | 21.97% |
| Jun 30, 2025 | 21.97% |
| Mar 31, 2025 | 19.71% |
| Mar 31, 2025 | 19.71% |
| Dec 31, 2024 | 21.40% |
| Dec 31, 2024 | 21.40% |
| Sep 30, 2024 | 22.03% |
| Sep 30, 2024 | 22.03% |
| Jun 30, 2024 | 23.38% |
| Jun 30, 2024 | 23.38% |
| Mar 31, 2024 | 22.43% |
| Mar 31, 2024 | 22.43% |
| Dec 31, 2023 | 26.16% |
| Dec 31, 2023 | 26.16% |