CLAIM #10428 · BK (BK) · 2025Q2 earnings call · Jul 15, 2025 · due Sep 30, 2025
“we see kind of strong momentum continuing.”
Dermot McDonogh · CFO
In context
“got NII, and you've got expenses. And you'll see from the financials, revenue up 9%, expenses up 4%, you know, delivering that positive operating leverage within the revenue. You've got fees. You've got NII, really solid performance on NII, which gives us comfort around for the balance of the year. Giving a higher guide to kind of high single digits. And on the revenue side, I think the strength in fees really underscores the commercial model that we launched about a year ago, two consecutive quarters of kind of record sales, notwithstanding that, the second quarter is a seasonally strong quarter, so we would expect strong fee strong sales. But that was on the back of a Q1. And we see going into Q3, although it is a kind of seasonally slower quarter for us, given the vacations, etcetera, we see kind of strong momentum continuing. So you see a picture on page three of the midyear update where we kind of show you a little pictorial about how we think about organic growth, and we have high conviction around that beginning to build and grow. Robin Vince: And, Ken, let me just build on a couple of things that Dermot said. So first of all, yes, it was a constructive environment in the second quarter, but I'll bring you back to our comments in January when we talked about the various different things that drive our business. We've been intentionally repositioning the company gradually to be able to take advantage of more different types of environment. So I think the punchline is, well, there are always amazing environments that you could have for a business or potentially environments which just don't have any element o”
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SEC filings for BK ↗ · Claim quote is verbatim from the 2025Q2 earnings call.