{"id":175987,"date":"2026-03-26T14:05:09","date_gmt":"2026-03-26T14:05:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/175987\/"},"modified":"2026-03-26T14:05:09","modified_gmt":"2026-03-26T14:05:09","slug":"wall-street-bonuses-soar-9-to-record-49-2b-in-2025-ny-comptroller-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/175987\/","title":{"rendered":"Wall Street bonuses soar 9% to record $49.2B in 2025, NY comptroller says"},"content":{"rendered":"

Wall Street bonuses<\/a> hit a record $49.2 billion in 2025, up 9 percent, according to an annual estimate by New York State Comptroller Thomas DiNapoli<\/a>, who warned Mayor Zohran Mamdani that a strong financial sector is crucial for the Big Apple\u2019s success.<\/p>\n

DiNapoli, the Empire State\u2019s bean counter-in-chief, said the average bonus was as much as $246,900 last year, a 6 percent increase from 2024 as industry profits jumped more than 30 percent to $65.1 billion, fueled by strong trading, underwriting, and asset-management fees.<\/p>\n

\u201cWall Street saw strong performance for much of last year, despite all of the ongoing domestic and international upheavals,\u201d DiNapoli said in a thinly veiled reference to the Trump administration\u2019s trade policies and ongoing conflict in the Middle East.<\/p>\n

Wall Street bonuses hit a record $49.2 billion in 2025, up 9 percent, according to an annual estimate by New York State Comptroller Thomas DiNapoli. AP<\/p>\n

The long-serving Dem official, in the job since 2007, said that gains for New York\u2019s financiers are also good news for taxpayers because they help bankroll key public services.<\/p>\n

\u201cWhen Wall Street does well, it\u2019s good for our state and city budgets, which are reliant on the industry\u2019s significant tax contributions,\u201d he said.<\/p>\n

His comments come at a time when hard-left Mamdani is threatening to introduce a wealth tax <\/a>or hike property rates to plug a $12 billion black hole in Gotham\u2019s finances.<\/p>\n

Gov. Kathy Hochul<\/a>, who once called for New York\u2019s uber-wealthy \u201cto jump on a bus\u201d for Florida, has also been forced into an embarrassing U-turn after she last week urged them to return and help fix its shrinking base.<\/p>\n

The Post has previously reported how Texas and Florida are looking to tempt Wall Streeters away with the promise of lower taxes and a better standard of living.<\/p>\n

DiNapoli\u2019s Big Apple counterpart, City Comptroller Mark Levine, is warning that Mayor Zohran Mamdani faces a cumulative $12 billion budget. Luiz C. Ribeiro for NY Post<\/p>\n

\u201cHowever, we are seeing slower job growth, and geopolitical conflicts have global repercussions that pose extraordinary risks for the short- and long-term outlook on the financial sector and for broader economic markets,\u201d DiNapoli warned, while stressing that the Big Apple is still this country\u2019s center of financial gravity.<\/p>\n

His data shows that the city\u2019s share of finance jobs nationwide stands at just shy of 18%, with 198,200 people directly employed in the sector, compared to a 30-year high of 201,500 the year before<\/p>\n

DiNapoli said it is down from roughly one-third in 1990, but it is still higher than any other state.<\/p>\n

\u201cNew York City remains the nation\u2019s financial capital, although job growth has been faster in some other parts of the country,\u201d his office said in a statement.<\/p>\n

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Pay in finance stayed exceptionally high. Average annual salary, including bonuses, rose 7.3 percent to $505,677 in 2024, the second-highest on record and nearly five times the average in the rest of the city\u2019s private sector. Bonuses made up about 42 percent of wages.<\/p>\n

Wall Street drove 20.2 percent of all economic activity in the city in 2024. It also delivered 19.4 percent of state tax collections in the state fiscal year 2024-25 and 8.4 percent of city tax revenue in the city fiscal year 2025.<\/p>\n

DiNapoli, the Empire State\u2019s bean counter-in-chief, said the average bonus was as much as $246,900 last year, a 6 percent increase from 2024. Hans Pennink for NY Post<\/p>\n

The higher 2025 bonuses are projected to generate an extra $199 million in state income tax revenue and $91 million for the city compared with the previous year.<\/p>\n

Those figures, however, may fall short of budget forecasts. The governor\u2019s proposed budget assumed bonuses in the state\u2019s broader finance and insurance sector would rise 25.9 percent in the state fiscal year 2025-26. <\/p>\n

The city\u2019s fiscal year 2026 financial plan projected a 15.1 percent increase in securities industry bonuses.<\/p>\n

Each year, DiNapoli\u2019s office estimates the bonuses paid to Wall Streeters from December through March. The estimate does not include bonuses paid to employees outside the city.<\/p>\n

The 2025 estimate is based on income tax withholding data. It includes cash bonuses for work done in 2025, as well as previously delayed bonuses that workers have now cashed in. It excludes stock options and other deferred pay that are still to be taxed.<\/p>\n","protected":false},"excerpt":{"rendered":"Wall Street bonuses hit a record $49.2 billion in 2025, up 9 percent, according to an annual estimate…\n","protected":false},"author":2,"featured_media":175988,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[2345,22860,288,237,9,11,10,49,51,50,3417],"class_list":["post-175987","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-banking","tag-bonuses","tag-business","tag-money","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-new-york-state","tag-new-york-state-headlines","tag-new-york-state-news","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/175987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=175987"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/175987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/175988"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=175987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=175987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=175987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}