| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 3.8K | 15.6% |
| Total Income | 3.8K | 15.6% |
| Expenditure | 2.8K | 14.8% |
| PBT | 969.00 | 17.9% |
| Net Profit | 764.00 | 18.6% |
| OPM | — | |
| NPM | 20.13% | 0.52pp |
| EPS | 2.53 | 22.2% |
State Street Reports 1Q 2026 EPS of $2.49; $2.84 Ex-notable Items
17 Apr 2026 · 17 Apr, 5:00 pm
Summary
State Street Corporation reported a strong start to 2026, with total revenue up 16% year-over-year to $3.8 billion. The company delivered record quarterly fee revenue, net interest income, and total revenue, generating positive operating leverage and pre-tax margin expansion, excluding notable items. Investment Services, Investment Management, and Markets all contributed to the company's strong performance. State Street returned $633 million of capital to common shareholders in 1Q26.
Key Highlights
- 1
State Street's total revenue increased by 16% year-over-year to $3.8 billion in 1Q26.
- 2
Fee revenue for State Street grew by 15% to $3.0 billion in 1Q26.
- 3
The company's EPS reached $2.84, excluding notable items, in the first quarter of 2026.
- 4
State Street's Investment Servicing AUC/A increased by 17% to $54.5 trillion at the end of 1Q26.
- 5
Investment Management AUM increased by 20% to $5.6 trillion at the end of the first quarter.
- 6
State Street's record FX trading volumes were up 25% and securities on loan were up 20% in 1Q26.
- 7
The company returned $633 million of capital to common shareholders in 1Q26.
Management Comments
Ron O’Hanley
“Our focus on being an essential partner to clients, supported by operational excellence and a diversified business model, enabled us to deliver a strong start to 2026 with growth underpinned by continued financial and strategic progress in the first quarter.”
Ron O’Hanley
“Reflecting that progress, we delivered record quarterly fee revenue, net interest income, and total revenue, generating meaningful year-over-year positive operating leverage and pre- tax margin expansion, excluding notable items. In a dynamic operating environment, the momentum across Investment Services, Investment Management, and Markets underscores the strength of our franchise.”
Ron O’Hanley
“Looking ahead, how the macro and geopolitical environment will evolve is uncertain. What we can control is how we run the firm—remaining disciplined, supporting our clients, and managing the company for resilience across a range of environments. We are encouraged by our momentum, appropriately mindful of risks, and confident in our ability to continue to grow and deliver even more as we move through the year.”
Informational and educational content only. Not investment advice.