Bank of New York Mellon (Bank of New York Mellon) Tax Rate % : 12.50% (As of Dec. 2023)

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What is Bank of New York Mellon Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Bank of New York Mellon's Tax Expense for the three months ended in Dec. 2023 was $29.00 Mil. Bank of New York Mellon's Pre-Tax Income for the three months ended in Dec. 2023 was $232.00 Mil. Therefore, Bank of New York Mellon's Tax Rate % for the quarter that ended in Dec. 2023 was 12.50%.

Bank of New York Mellon Tax Rate % Historical Data

The historical data trend for Bank of New York Mellon's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bank of New York Mellon Tax Rate % Chart

Bank of New York Mellon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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20.05

18.85

18.87

23.08

19.57

Bank of New York Mellon Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															21.04	20.18	18.80	12.50	22.43

Bank of New York Mellon Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Bank of New York Mellon's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	800	/	4088
	=	19.57 %

Bank of New York Mellon's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	29	/	232
	=	12.50 %

Bank of New York Mellon Tax Rate % Related Terms

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Bank of New York Mellon (Bank of New York Mellon) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bank of New York Mellon Corp (NYSE:BKpC.PFD) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

BK:USA BONY34:Brazil BK:Argentina

Address

240 Greenwich Street, New York, NY, USA, 10286

Website

https://www.bnymellon.com

BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with about $44.3 trillion in under custody and administration (as of Dec. 31, 2022), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $1.8 trillion in assets.