Sep 2026 (Q3 FY26) — Oct 14, 2026
State Street Q3 FY26 — Strong Performance Driven by Core Businesses and Strategic Initiatives
Read the full callState Street (STT) earnings
- Jun 2026
- Sep 2026 (Q3 FY26)
- Dec 2025
State Street earnings: last reported Wed, 14 Oct 2026, for the quarter ended Sep 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,048 | +17.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 1,084 | +56.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
17 of 21 judged targets kept · 21 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year expense growth | up approximately 3% to 4% | Dec 2025 | expenses are expected to increase by roughly 8%, up from our prior outlook of 5% to 6% and reflecting higher revenue-related costs and continued investment | Revised Down |
| Full-year effective tax rate | approximately 22% | Dec 2025 | we continue to expect an effective tax rate of approximately 22% for the full year | On Track |
| Medium-term pretax margin target (30%) | 30% | Sep 2024 | we had a goal to get 30% pretax margin, which we've delivered on at the end of 2025 | Achieved |
4 of STATE STREET CORP's 42 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 39 more targets are in the full ledger.
Claimed
- Earnings per share increased 33% year-over-year to $3.69.
- Total revenue grew 13% year-over-year to $4 billion, with fee revenue up 11% and NII up 21%.
- Achieved 11th consecutive quarter of positive operating leverage, expanding by 530 basis points.
- Record quarterly servicing fees and management fees, with AUC/A reaching $59.2 trillion and AUM reaching $6.3 trillion.
- Pretax margin expanded 350 basis points year-over-year to 35%, and ROTCE increased over 4 percentage points to 25%.
Qualified
- Other fee revenue was lower by approximately $30 million year-over-year due to market-related gains on strategic investments in the prior year.
- FX trading services revenue decreased sequentially due to moderation in FX volatility, particularly in APAC, after an exceptionally strong Q2.
Price
$165.43 −0.17% · −$0.29
Performance +48.5% 1Y
1Y: $111.37 on 17 Oct 2025 → $165.43. High $194.26 (4 Sept 2026), low $111.37 (17 Oct 2025).
- Previous close
- $165.72
- 52-week range
- $112.84 – $194.26
- One year
- +43.49%
Overview
- Symbol
- STT
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
17 of 21 judged targets kept · 21 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year expense growth | up approximately 3% to 4% | Dec 2025 | expenses are expected to increase by roughly 8%, up from our prior outlook of 5% to 6% and reflecting higher revenue-related costs and continued investment | Revised Down |
| Full-year effective tax rate | approximately 22% | Dec 2025 | we continue to expect an effective tax rate of approximately 22% for the full year | On Track |
| Medium-term pretax margin target (30%) | 30% | Sep 2024 | we had a goal to get 30% pretax margin, which we've delivered on at the end of 2025 | Achieved |
Claimed
- Earnings per share increased 33% year-over-year to $3.69.
- Total revenue grew 13% year-over-year to $4 billion, with fee revenue up 11% and NII up 21%.
- Achieved 11th consecutive quarter of positive operating leverage, expanding by 530 basis points.
- Record quarterly servicing fees and management fees, with AUC/A reaching $59.2 trillion and AUM reaching $6.3 trillion.
- Pretax margin expanded 350 basis points year-over-year to 35%, and ROTCE increased over 4 percentage points to 25%.
Qualified
- Other fee revenue was lower by approximately $30 million year-over-year due to market-related gains on strategic investments in the prior year.
- FX trading services revenue decreased sequentially due to moderation in FX volatility, particularly in APAC, after an exceptionally strong Q2.
The full ledger
Open STATE STREET CORP’s full ledger
A free account opens 5 company ledgers a month. All 42 tracked commitments, with each call’s wording and source.
Call summaries
Jun 2026 (Q2 FY26) — Jul 16, 2026
State Street Q2 FY26 — Record Revenue and Strong Operating Leverage
Read the full callMar 2026 (Q1 FY26) — Apr 17, 2026
State Street Corporation Q1 FY26 — Strong Revenue Growth and Profitability
Read the full callNews
Latest news
From the news desk, item by item, hours after each call.
Every analysed call
State Street earnings calls (STT)
Financials
What the filings say
Net profit, year on year: +56% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,259 | 3,412 | 3,284 | 3,448 | 3,545 | 3,667 | 3,796 | 4,048 |
| Profit before tax | 925 | 960 | 822 | 889 | 1,102 | 918 | 969 | 1,389 |
| Tax rate | 21.1% | 18.4% | 21.6% | 22.1% | 21.9% | 18.6% | 21.2% | 22.0% |
| Net profit | 730 | 783 | 644 | 693 | 861 | 747 | 764 | 1,084 |
| EPS ($ per share) | 2.29 | — | 2.07 | 2.20 | 2.83 | — | 2.53 | 3.71 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 504 | 504 | 504 | 504 | 504 | 504 | 504 | 504 |
| Reserves | 20,553 | 21,918 | 23,442 | 25,238 | 27,028 | 27,957 | 29,582 | 31,392 |
| Total liabilities | 219,859 | 221,179 | 288,506 | 287,261 | 276,259 | 273,459 | 327,914 | 338,206 |
| Fixed assets | 2,214 | 2,282 | 2,154 | 2,261 | 2,315 | 2,399 | 2,715 | 3,174 |
| Total assets | 244,596 | 245,610 | 314,706 | 314,624 | 301,450 | 297,258 | 353,240 | 366,047 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 10,175 | 5,690 | 3,532 | -6,710 | 11,954 | 690 | -13,210 | 11,898 |
| Cash from investing | -4,496 | -2,626 | -65,534 | -2,172 | 6,816 | 12,738 | -39,483 | -12,991 |
| Cash from financing | -4,471 | -2,974 | 62,167 | 9,046 | -18,431 | -13,351 | 51,791 | 2,381 |
| Net cash flow | 1,208 | 90 | 165 | 164 | 339 | 77 | -902 | 1,288 |
| Capital expenditure | -609 | -730 | -560 | -811 | -734 | -816 | -926 | -1,055 |
| Free cash flow | 9,566 | 4,960 | 2,972 | -7,521 | 11,220 | -126 | -14,136 | 10,843 |
STT revenue by segment
Investment Servicing shrank from 82% to 80% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Investment Servicing | 82% | 82% | 82% | 82% | 81% | 80% | 80% | 80% | +14.0% |
| Investment Management | 18% | 18% | 18% | 18% | 19% | 20% | 20% | 20% | +29.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
STT operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Net new assets | -$13BFor the quarter, net inflows -- net outflows totaled $13 billion and were primarily driven by an anticipated client transition within our institutional business.Source: earnings call transcript | $26BNet inflows totaled $26 billion for the quarter, reflecting solid momentum across ETFs, cash and institutional index fixed income.Source: earnings call transcript | $85BManagement fees increased 15% year-over-year to a new quarterly record of $662 million, driven by higher average market levels and quarterly net inflows of $85 billion, supported by strong performance across our ETFs, cash and institutional segments.Source: earnings call transcript | $49MNet inflows totaled $49 million for the quarter, led by strength across index strategies and solutions, including ETFs and fixed income as well as our cash franchise.Source: earnings call transcript | $114BNet inflows totaled $114 billion in the quarter, marking our fifth consecutive quarter of positive organic growth.Source: earnings call transcript | $7BAs Ron noted, we delivered our sixth consecutive quarter of positive organic AUM growth with net inflows of $7 billion.Source: earnings call transcript | -93.9% |
| Common equity tier 1 ratio (CET1) | 11%As of quarter end, our standardized CET1 ratio of 11% was up approximately 10 basis points quarter-over-quarter.Source: earnings call transcript | 11.3%Our standardized CET1 ratio was 11.3% at quarter end, up approximately 60 basis points quarter-over-quarter, reflecting capital generated from earnings and a decline in risk-weighted assets coming off of the elevated FX volatility of the prior quarter.Source: earnings call transcript | 11.7%At quarter end, our standardized CET1 ratio was 11.7%, up approximately 40 basis points from the prior quarter, primarily reflecting a decline in risk-weighted assets with the largest driver being market dynamics in our FX trading and agency lending businesses.Source: earnings call transcript | 10.6%At quarter end, our standardized CET1 ratio was 10.6%, down approximately 100 basis points from the prior quarter.Source: earnings call transcript | 10.8%Our standardized CET1 and Tier 1 leverage ratios were 10.8% and 5.3%, respectively, broadly stable relative to the first quarter.Source: earnings call transcript | — | +0.2 pt |
| Assets under management (AUM) gold ETFs | $100B+Further, we saw strong ETF flows in EMEA, while the commodities ETF segment gained market share, benefiting from market volatility in our industry-leading gold ETFs, which exceeded $100 billion of AUM for the first time.Source: earnings call transcript | ~$145BOur gold ETF suite further strengthened its market leadership, reaching a record AUM of approximately $145 billion.Source: earnings call transcript | — | — | — | — | — |
| Return on tangible common equity (ROTCE) | 16%+While we've seen uncertainty weigh on global equity markets in recent weeks, our first quarter results demonstrate the strength of our business with a nearly 2 percentage point expansion of our pretax margin year-over-year, excluding notable items and an ROTCE of over 16% for the quarter.Source: earnings call transcript | 21%For example, 3Q marked our seventh consecutive quarter of positive total operating leverage, excluding notable items as we delivered total revenue growth of 9%, a pretax margin of 31% and return on tangible common equity of 21%.Source: earnings call transcript | — | — | ~26%These results drove another quarter of improved profitability, with pretax margin expanding 470 basis points year-over-year to 34% and ROTCE increasing over 6 percentage points to approximately 26%.Source: earnings call transcript | 25%Combined with a pretax margin of 35% and a return on tangible common equity of 25%, these results reflect both the strength of our franchise today and the investments we are making to position State Street for long-term growth.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- US 55% ↓ 4 pt
- Non Us 45% ↑ 4 pt
As STT cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
95 filings between Oct 27, 2025 and Oct 9, 2026.
Open market
decisions to buy or sellPurchases
$312.5K
1 purchase by 1 insider
Sales
$21.10M
18 sales by 8 insiders
50% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 34
- Award — granted as compensation
- 6
- Option exercise — converted options into shares
- 27
- Tax withheld — shares kept back by the company to cover tax
Also filed: 6 dispositions to the issuer, 3 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| O HANLEY RONALD P | — | $8.60M | Jul 21, 2026 |
| Horgan Kathryn M | — | $3.31M | Jul 21, 2026 |
| Hu W. Bradford | — | $3.23M | Jul 24, 2026 |
| PLANSKY JOHN | — | $2.00M | Mar 11, 2026 |
| TAHIRI MOSTAPHA | — | $1.47M | Apr 22, 2026 |
| RICHARDS MICHAEL L | — | $1.20M | Jun 8, 2026 |
| AMBROSIUS JOERG | — | $1.12M | Feb 23, 2026 |
| Porter Brian J. | $312.5K | — | Mar 5, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 9, 2026 | Vollert Karl Alexander Director | Award | 784 | $0 |
| Sep 2, 2026 | RICHARDS MICHAEL L EVP and Chief Admin Officer | Gift | 1,009 | $0 |
| Aug 31, 2026 | Read Craig Jack EVP, Global Controller and CAO | Award | 9,408 | $0 |
| Aug 14, 2026 | O HANLEY RONALD P Chairman, CEO and President | Disposition to issuer | 2,204 | $405.0K |
| Aug 14, 2026 | RICHARDS MICHAEL L EVP and Chief Admin Officer | Tax withheld | 196 | $37.6K |
| Aug 14, 2026 | O HANLEY RONALD P Chairman, CEO and President | Gift | 10,500 | $0 |
| Aug 14, 2026 | O HANLEY RONALD P Chairman, CEO and President | Option exercise | 2,204 | $0 |
| Aug 14, 2026 | TAHIRI MOSTAPHA EVP and COO | Tax withheld | 54 | $10.4K |
| Aug 3, 2026 | Schaefer Elizabeth SVP, Chief Accounting Officer | Sale | 500 | $90.6K |
| Jul 24, 2026 | Hu W. Bradford EVP and Chief Risk Officer | Sale 10b5-1 plan | 9,758 | $1.80M |
| Jul 21, 2026 | Horgan Kathryn M Executive Vice President | Sale 10b5-1 plan | 5,523 | $1.02M |
| Jul 21, 2026 | O HANLEY RONALD P Chairman, CEO and President | Sale 10b5-1 plan | 14,553 | $2.68M |
| Jun 11, 2026 | Horgan Kathryn M Executive Vice President | Sale 10b5-1 plan | 5,500 | $895.3K |
| Jun 8, 2026 | RICHARDS MICHAEL L EVP and Chief Admin Officer | Sale | 1,500 | $243.2K |
| May 26, 2026 | O HANLEY RONALD P Chairman, CEO and President | Sale 10b5-1 plan | 14,553 | $2.26M |
| May 26, 2026 | Hu W. Bradford EVP and Chief Risk Officer | Sale 10b5-1 plan | 9,212 | $1.43M |
| May 20, 2026 | DeMaio Donna Director | Award | 1,526 | $0 |
| May 20, 2026 | O'Sullivan Sean Director | Award | 1,526 | $0 |
| May 20, 2026 | Chandoha Marie A Director | Award | 1,526 | $0 |
| May 20, 2026 | Freda William C Director | Award | 1,526 | $0 |
| May 20, 2026 | Fawcett Amelia C. Director | Award | 1,526 | $0 |
| May 20, 2026 | Gordon Susan M. Director | Award | 1,526 | $0 |
| May 20, 2026 | Halliday Patricia Director | Award | 1,526 | $0 |
| May 20, 2026 | MATHEW SARA Director | Award | 1,526 | $0 |
| May 20, 2026 | Meaney William L Director | Award | 1,526 | $0 |
| May 20, 2026 | Portalatin Julio A Director | Award | 1,526 | $0 |
| May 20, 2026 | Rhea John B Director | Award | 2,533 | $0 |
| May 20, 2026 | Porter Brian J. Director | Award | 1,526 | $0 |
| May 15, 2026 | O HANLEY RONALD P Chairman, CEO and President | Disposition to issuer | 2,204 | $324.3K |
| May 15, 2026 | TAHIRI MOSTAPHA EVP and COO | Tax withheld | 91 | $13.9K |
| May 15, 2026 | O HANLEY RONALD P Chairman, CEO and President | Option exercise | 2,204 | $0 |
| May 15, 2026 | Schaefer Elizabeth SVP, Chief Accounting Officer | Tax withheld | 191 | $29.2K |
| May 15, 2026 | RICHARDS MICHAEL L EVP and Chief Admin Officer | Tax withheld | 195 | $29.8K |
| May 13, 2026 | Schaefer Elizabeth SVP, Chief Accounting Officer | Sale | 500 | $75.4K |
| Apr 22, 2026 | RICHARDS MICHAEL L EVP and Chief Admin Officer | Sale | 3,000 | $461.7K |
| Apr 22, 2026 | TAHIRI MOSTAPHA EVP and COO | Sale | 9,611 | $1.47M |
| Mar 19, 2026 | Gordon Susan M. Director | Award | 324 | $0 |
| Mar 11, 2026 | PLANSKY JOHN Executive Vice President | Sale | 16,100 | $2.00M |
| Mar 5, 2026 | Porter Brian J. Director | Purchase | 2,500 | $312.5K |
| Mar 2, 2026 | O HANLEY RONALD P Chairman, CEO and President | Sale 10b5-1 plan | 29,107 | $3.66M |
| Feb 26, 2026 | Shelton Mark EVP; Gen Counsel and Secretary | Award | 10,726 | $0 |
| Feb 26, 2026 | O HANLEY RONALD P Chairman, CEO and President | Award | 43,873 | $0 |
| Feb 26, 2026 | Schaefer Elizabeth SVP, Chief Accounting Officer | Award | 4,216 | $0 |
| Feb 26, 2026 | Woods John F EVP and CFO | Award | 16,112 | $0 |
| Feb 26, 2026 | RICHARDS MICHAEL L EVP and Senior Advisor | Award | 5,967 | $0 |
| Feb 26, 2026 | PLANSKY JOHN Executive Vice President | Award | 12,769 | $0 |
| Feb 26, 2026 | Horgan Kathryn M Executive Vice President | Award | 9,507 | $0 |
| Feb 26, 2026 | TAHIRI MOSTAPHA EVP and COO | Award | 14,259 | $0 |
| Feb 26, 2026 | Hu W. Bradford EVP and Chief Risk Officer | Award | 12,310 | $0 |
| Feb 26, 2026 | AMBROSIUS JOERG Executive Vice President | Tax withheld | 355 | $47.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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