Bank of New York Mellon (BNY) Tax Rate (2009 - 2026)
Bank of New York Mellon's Tax Rate was 20.95% in Q2 2026, down 1.02 percentage points from 21.97% a year earlier but up 1.81 percentage points from the prior quarter.
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Analysis
Bank of New York Mellon (BNY) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Bank of New York Mellon's Tax Rate was 20.45% through Jun 30, 2026, down 0.86 percentage points year-over-year; for FY2025, it came in at 20.90%, down 1.42 percentage points from FY2024.
- Tax Rate has now declined for three consecutive years, though with a five-year change of +2.05 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 22.32% in FY2024 (-0.54 pp), 22.86% in FY2023 (-4.07 pp), 26.93% in FY2022 (+8.06 pp) and 18.87% in FY2021 (+0.02 pp).
- Quarterly Tax Rate has moved between 16.67% (Q1 2022) and 38.41% (Q3 2022) over five years.
- Compared with a year earlier, Tax Rate has declined for seven straight quarters, with an average year-over-year change of -1.45 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was Q3 2022 (a gain of 19.57 percentage points); the worst was Q3 2023 (a drop of 16.95 percentage points).
- Per Business Quant data, BNY's Tax Rate in the three quarters before Q2 2026 was 19.15% (Q1 2026), 20.38% (Q4 2025) and 21.33% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | 19.18% |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | 20.95% |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | 21.53% |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | 24.24% |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 22.36% |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | 21.96% |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | 8.10% |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | 25.59% |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | 28.62% |
| 10 | LPL Financial Holdings | 24.92 Bn | 20.24 Bn | - | 26.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.95% |
| Mar 31, 2026 | 19.15% |
| Dec 31, 2025 | 20.38% |
| Sep 30, 2025 | 21.33% |
| Jun 30, 2025 | 21.97% |
| Mar 31, 2025 | 19.71% |
| Dec 31, 2024 | 21.40% |
| Sep 30, 2024 | 22.03% |
| Jun 30, 2024 | 23.38% |
| Mar 31, 2024 | 22.43% |
| Dec 31, 2023 | 26.16% |
| Sep 30, 2023 | 21.46% |
| Jun 30, 2023 | 22.69% |
| Mar 31, 2023 | 23.76% |
| Dec 31, 2022 | 20.73% |
| Sep 30, 2022 | 38.41% |
| Jun 30, 2022 | 21.10% |
| Mar 31, 2022 | 16.67% |
| Dec 31, 2021 | 18.40% |
| Sep 30, 2021 | 18.85% |
API Access
Bank of New York Mellon Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=BNY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "BNY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=BNY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();