Tax Rate: 19.15%
Is the tax rate high or low?
The tax rate of 19.15% is in line with its 5-year average of 21.17%, near the low end of its 5-year range (12.50%–38.41%).
6.63% below its 12-month average of 20.51%.
BK Tax Rate
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
BK Average Tax Rate Chart
BK Current vs Average Tax Rate Chart
BK Tax Rate Metrics
TAX RATE
19.15%
TAX RATE AVG TTM
20.51%
TAX RATE AVG 3Y
21.64%
TAX RATE AVG 5Y
20.72%
TAX RATE AVG 10Y
20.85%
TAX RATE AVG 15Y
22.23%
TAX RATE AVG 20Y
24.06%
CURRENT VS TTM AVG
-6.63%
CURRENT VS 3Y AVG
-11.52%
CURRENT VS 5Y AVG
-7.58%
CURRENT VS 10Y AVG
-8.18%
CURRENT VS 15Y AVG
-13.86%
CURRENT VS 20Y AVG
-20.42%
Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Tax Rate FAQ
- What is the tax rate for The Bank of New York Mellon Corporation (BK)?
- The tax rate for BK stock is 19.15%.
- Is The Bank of New York Mellon Corporation's tax rate high or low?
- The tax rate of 19.15% is in line with its 5-year average of 21.17%, near the low end of its 5-year range (12.50%–38.41%).
- What is the TTM average tax rate for The Bank of New York Mellon Corporation (BK)?
- The TTM average tax rate for BK stock is 20.51%.
- What is the 3Y average tax rate for The Bank of New York Mellon Corporation (BK)?
- The 3Y average tax rate for BK stock is 21.64%.
- What is the 5Y average tax rate for The Bank of New York Mellon Corporation (BK)?
- The 5Y average tax rate for BK stock is 20.72%.
- What is the 10Y average tax rate for The Bank of New York Mellon Corporation (BK)?
- The 10Y average tax rate for BK stock is 20.85%.
- What is the 15Y average tax rate for The Bank of New York Mellon Corporation (BK)?
- The 15Y average tax rate for BK stock is 22.23%.
- What is the 20Y average tax rate for The Bank of New York Mellon Corporation (BK)?
- The 20Y average tax rate for BK stock is 24.06%.
BK Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2026-03-31 | 19.15% |
| 2025-12-31 | 20.38% |
| 2025-09-30 | 21.33% |
| 2025-06-30 | 21.97% |
| 2025-03-31 | 19.71% |
| 2024-12-31 | 21.40% |
| 2024-09-30 | 22.03% |
| 2024-06-30 | 23.38% |
| 2024-03-31 | 22.43% |
| 2023-12-31 | 12.50% |
| 2023-09-30 | 21.46% |
| 2023-06-30 | 22.69% |
| 2023-03-31 | 23.76% |
| 2022-12-31 | 20.73% |
| 2022-09-30 | 38.41% |
| 2022-06-30 | 21.10% |
| 2022-03-31 | 16.67% |
| 2021-12-31 | 18.40% |
| 2021-09-30 | 18.85% |
| 2021-06-30 | 19.01% |
| 2021-03-31 | 19.17% |
| 2020-12-31 | 16.39% |
| 2020-09-30 | 18.41% |
| 2020-06-30 | 18.29% |
| 2020-03-31 | 21.60% |
| 2019-12-31 | 20.47% |
| 2019-09-30 | 19.11% |
| 2019-06-30 | 20.54% |
| 2019-03-31 | 19.87% |
| 2018-12-31 | 14.71% |
| 2018-09-30 | 16.49% |
| 2018-06-30 | 20.52% |
| 2018-03-31 | 19.53% |
| 2017-12-31 | -62.23% |
| 2017-09-30 | 25.44% |
| 2017-06-30 | 25.38% |
| 2017-03-31 | 22.31% |
| 2016-12-31 | 24.31% |
| 2016-09-30 | 24.60% |
| 2016-06-30 | 24.89% |
| 2016-03-31 | 25.94% |
| 2015-12-31 | 20.09% |
| 2015-09-30 | 25.43% |
| 2015-06-30 | 23.69% |
| 2015-03-31 | 25.69% |
| 2014-12-31 | -56.71% |
| 2014-09-30 | 33.45% |
| 2014-06-30 | 26.76% |
| 2014-03-31 | 25.05% |
| 2013-12-31 | 23.63% |
| 2013-09-30 | 1.90% |
| 2013-06-30 | 27.74% |
| 2013-03-31 | 128.73% |
| 2012-12-31 | 24.27% |
| 2012-09-30 | 23.08% |
| 2012-06-30 | 15.79% |
| 2012-03-31 | 28.70% |
| 2011-12-31 | 30.62% |
| 2011-09-30 | 29.74% |
| 2011-06-30 | 26.79% |
| 2011-03-31 | 29.40% |
| 2010-12-31 | 27.32% |
| 2010-09-30 | 26.38% |
| 2010-06-30 | 30.22% |
| 2010-03-31 | 29.19% |
| 2009-12-31 | -6.10% |
| 2009-06-30 | 2.34% |
| 2009-03-31 | 28.15% |
| 2008-09-30 | -15.85% |
| 2008-06-30 | 50.24% |
| 2008-03-31 | 32.26% |
| 2007-12-31 | 31.91% |
| 2007-09-30 | 28.19% |
| 2007-06-30 | 31.91% |
| 2007-03-31 | 32.25% |
| 2006-12-31 | 31.35% |
| 2006-09-30 | 29.38% |
| 2006-06-30 | 33.84% |
| 2006-03-31 | 32.71% |
| 2005-12-31 | 33.39% |
| 2005-09-30 | 32.04% |
| 2005-06-30 | 32.08% |
| 2005-03-31 | 33.04% |
| 2004-12-31 | 43.66% |
| 2004-09-30 | 32.95% |
| 2004-06-30 | 34.34% |
| 2004-03-31 | 23.04% |
| 2003-12-31 | 34.54% |
| 2003-09-30 | 33.50% |
| 2003-06-30 | 34.59% |
| 2003-03-31 | 34.59% |
| 2002-12-31 | 35.90% |
| 2002-09-30 | 35.77% |
| 2002-06-30 | 34.00% |
Related Metrics
About The Bank of New York Mellon Corporation
The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. It operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing, payables management, and trade finance, as well as U.S. government and global clearing, and tri-party services. The Investment and Wealth Management segment offers investment management strategies, investment products distribution, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment provides corporate treasury, derivative and other trading, corporate and bank-owned life insurance, tax credit investment, other corporate investment, and business exit services. The company serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
- Sector
- Financial Services
- Industry
- Investment - Banking & Investment Services
- CEO
- Robin Vince