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The average Wall Street bonus reached $246,900 in 2025, a record high, as bank profits surged, per a recent report<\/a> from New York State\u2019s Comptroller Thomas DiNapoli.<\/p>\n DiNapoli reported this week that the average Wall Street bonus increased by 6% in 2025 compared to 2024. That means that the average bonus rose by almost $15,000.\u00a0<\/p>\n Meanwhile, Wall Street\u2019s pool of bonuses hit a record $49.2 billion in 2025, a 9% increase from 2024. These figures cover cash bonuses for Wall Street workers in New York City, excluding employees in other hubs such as Charlotte or Dallas.\u00a0<\/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 press release. \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<\/p>\n Wall Street accounted for 19.4% of New York state\u2019s tax collections and 8.4% of city tax revenue in fiscal year 2025, per DiNapoli. He stated that the 2025 bonuses will generate $199 more in state income tax revenue and $91 million more for the city when compared to 2024.\u00a0<\/p>\n The increases in bonuses reflect a growth of more than 30%<\/a> in Wall Street\u2019s profits, which equaled $65.1 billion in 2025.\u00a0<\/p>\n In 2025, Wall Street\u2019s profits and bonuses got a boost from busy trading floors and higher client management fees, per DiNapoli.\u00a0<\/p>\n The industry saw a small dip in jobs last year, slipping to 198,200 in 2025 from a 30-year high of 201,500 in 2024, based on DiNapoli\u2019s data.<\/p>\n Chris Connors, a managing director of the compensation consulting firm Johnson Associates, told ABC News<\/a> that the record-high bonuses were no surprise, given Wall Street trends.\u00a0<\/p>\n \u201cI think 2025 was a great year, probably the best year since 2021 for many firms on Wall Street,\u201d Connors told the outlet.\u00a0<\/p>\n Though 2025 salary figures have yet to be released, DiNapoli disclosed numbers for 2024.\u00a0<\/p>\n The average Wall Street paycheck climbed 7.3% in 2024 to $505,677, bonuses included \u2014 the second-highest on record. That\u2019s nearly five times what the average private-sector worker elsewhere in the city earned. Bonuses made up about 42% of those wages, and overall, Wall Street accounted for just over 20% of New York City\u2019s entire economic activity last year.<\/p>\n In 2024, New York City accounted for about 17.9% of the nation\u2019s finance industry jobs, down from roughly a third back in 1990, but still more than any other state can claim. The city remains the country\u2019s financial hub, even as some other regions have been adding jobs at a faster pace.\u00a0<\/p>\n DiNapoli estimates that about one in every 13 jobs in New York City is directly or indirectly tied to Wall Street.<\/p>\n<\/p><\/div>\n The average Wall Street bonus reached $246,900 in 2025, a record high, as bank profits surged, per a recent report<\/a> from New York State\u2019s Comptroller Thomas DiNapoli.<\/p>\n DiNapoli reported this week that the average Wall Street bonus increased by 6% in 2025 compared to 2024. That means that the average bonus rose by almost $15,000.\u00a0<\/p>\n Meanwhile, Wall Street\u2019s pool of bonuses hit a record $49.2 billion in 2025, a 9% increase from 2024. These figures cover cash bonuses for Wall Street workers in New York City, excluding employees in other hubs such as Charlotte or Dallas.\u00a0<\/p>\n<\/p><\/div>\nWhy bonuses hit records<\/h2>\n
How much bankers made<\/h2>\n
Key Takeaways<\/h2>\n
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