What it does
BNY describes itself as a global financial services platforms company headquartered in New York, New York. As of Dec. 31, 2025, it reported $59.3 trillion in assets under custody and/or administration and $2.2 trillion in assets under management. The company organizes its operations into Securities Services, Market and Wealth Services, and Investment and Wealth Management, alongside an Other segment. Its principal U.S. banking subsidiaries conduct trust and custody, investment management, banking and securities-related activities.
Source: BNY Form 10-K for fiscal 2025, Item 1 — sec.gov
How it makes money
The filing divides BNY’s businesses into three principal segments: Securities Services, Market and Wealth Services, and Investment and Wealth Management. It also reports an Other segment that includes corporate treasury activities, including the securities portfolio; tax credit and other corporate investments; corporate- and bank-owned life insurance; derivatives and other trading activity; and certain business exits. The segment table shown below provides the related segment financial information; this business description does not provide a further revenue breakdown.
Source: BNY Form 10-K for fiscal 2025, Item 1 — sec.gov
Customers and geography
BNY states that its teams serve varied markets and clients, but the filing does not identify individual customers. Its continental European banking subsidiary, BNY SA/NV, is based in Brussels and has branches in Amsterdam, Copenhagen, Dublin, Frankfurt, Luxembourg, Madrid, Milan, Paris and Wroclaw. The company states that BNY SA/NV focuses on global custody, asset servicing and collateral management. At Dec. 31, 2025, approximately 60% of total employees were based outside the U.S., including approximately 10,100 in EMEA, approximately 18,000 in APAC and approximately 700 in other global locations, primarily Brazil.
Source: BNY Form 10-K for fiscal 2025, Item 1 — sec.gov
Competition
The filing states that BNY competes in all aspects and areas of its business, and that competition in financial services remains intense. It names domestic and international financial services firms, technology service providers, investment and wealth managers, hedge funds, investment banking companies, trust banks, brokerage firms and insurance companies among its competitor categories. The filing does not name specific competitor companies. It says competition can turn on customer service and convenience, execution, capital, product range, performance, technology, price, reputation and lending limits, among other factors.
Source: BNY Form 10-K for fiscal 2025, Item 1 — sec.gov
People and operations
The filing states that BNY and its subsidiaries had 48,100 full-time employees globally at Dec. 31, 2025. It describes programs for employee retention, training and development, including retirement plans, restricted stock unit awards for eligible employees, career-development programs and expanded AI training in 2025. The company also states that it gathers workplace feedback through a quarterly all-employee survey and provides employee wellbeing resources addressing physical health, emotional resilience, financial wellbeing and social connections. The filing does not state seasonality or provide a facilities overview in this excerpt.
Source: BNY Form 10-K for fiscal 2025, Item 1 — sec.gov