BlackRock New York Municipal Income Trust Earnings Recaps
Q2 2026
Jul 17, 2026
The market responded positively, lifting the stock 4.1%, driven by broad-based revenue growth, expanding margins, and continued sales momentum that collectively reinforced confidence in BNY’s operating and commercial transformation.
Key takeaways
- Total revenue grew 13% year over year to a record $5.7 billion, reflecting strength across multiple business lines.
- Earnings per share rose 27% year over year to $2.45, supported by approximately 600 basis points of operating leverage.
- Pre-tax margin expanded to 40%, and return on tangible common equity improved to 31%, signaling improved profitability and capital efficiency.
- The company reported its 14th consecutive quarter of year-over-year sales growth, with deal size increasing more than 20% and 10% of deals coming from new clients.
- BNY continued executing on its multi-year reimagination strategy, with early benefits seen from a fully activated platform operating model that fosters faster collaboration and product innovation.