BNY Mellon generated $4.3 billion in net income from 51,000 employees, giving a net income per employee of around $84,314.State Street, with 53,000 employees, generated only $2.48 billion in net income, equating to a net income per employee of about $46,681.
Company Revenue (2024) Net Income (2024) Employees Net Income per Employee Net Income Margin (%)
BNY Mellon $18.6B $4.3B 51,000 $84,314 23.1%
State Street $22.05B $2.48B 53,000 $46,681 11.2%
Northern Trust $15.88B $2.03B 23,000 $88,261 12.8%
The management is short sighted generating less revenue but extracting more from the employees. One of the highest net income margin and that means lesser employee and more work. StateStreet has a revenue of 22B where as BNY is only 18 but they generate an income of 4.3B. Go figure!