STATE STREET CORP
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Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 3,796 | 3,284 | +15.6% |
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| Account Servicing [Member] | 1,409 | 1,275 | +10.5% |
| Account Servicing [Member] · Investment Servicing | 1,409 | 1,275 | +10.5% |
| Foreign exchange trading services | 435 | 337 | +29.1% |
| Foreign exchange trading services · Investment Management | 3 | — | — |
| Foreign exchange trading services · Investment Servicing | 432 | 337 | +28.2% |
| Management fees | 724 | 587 | +23.3% |
| Management fees · Investment Management | 724 | 587 | +23.3% |
| Net interest income | 835 | 714 | +16.9% |
| Net interest income · Investment Management | 3 | 5 | -40.0% |
| Net interest income · Investment Servicing | 832 | 709 | +17.3% |
| Other fee revenue | 107 | 99 | +8.1% |
| Other fee revenue · Investment Management | 5 | -2 | +350.0% |
| Other fee revenue · Investment Servicing | 102 | 101 | +1.0% |
| Securities finance | 116 | 114 | +1.8% |
| Securities finance · Investment Management | 6 | 6 | 0.0% |
| Securities finance · Investment Servicing | 110 | 108 | +1.9% |
| Software services | 169 | 158 | +7.0% |
| Software services · Investment Servicing | 169 | 158 | +7.0% |
| Total fee revenue | 2,960 | 2,570 | +15.2% |
| Total fee revenue · Investment Management | 738 | 591 | +24.9% |
| Total fee revenue · Investment Servicing | 2,222 | 1,979 | +12.3% |
| Total other income | 1 | — | — |
| Total other income · Investment Servicing | 1 | — | — |
| Total revenue | 3,796 | 3,284 | +15.6% |
| Total revenue · Investment Management | 741 | 596 | +24.3% |
| Total revenue · Investment Servicing | 3,055 | 2,688 | +13.7% |
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| Investment Management · Operating Segments | 741 | 596 | +24.3% |
| Investment Servicing · Operating Segments | 3,055 | 2,688 | +13.7% |
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| Non Us | 1,676 | 1,382 | +21.3% |
| US | 2,120 | 1,902 | +11.5% |
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| Variable Interest Entity Not Primary Beneficiary | 4 | 3 | +33.3% |
| Revenue (Q) | — | — | — |
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| Account Servicing [Member] · Investment Servicing | 1,409 | 1,275 | +10.5% |
| Foreign exchange trading services · Investment Management | 3 | — | — |
| Foreign exchange trading services · Investment Servicing | 111 | 100 | +11.0% |
| Management fees · Investment Management | 724 | 587 | +23.3% |
| Securities finance · Investment Servicing | 55 | 45 | +22.2% |
| Software services · Investment Servicing | 169 | 158 | +7.0% |
| Total fee revenue · Investment Management | 727 | 587 | +23.9% |
| Total fee revenue · Investment Servicing | 1,744 | 1,578 | +10.5% |
| Total revenue · Investment Management | 727 | 587 | +23.9% |
| Total revenue · Investment Servicing | 1,744 | 1,578 | +10.5% |
| Other Revenue (Q) | — | — | — |
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| Foreign exchange trading services · Investment Servicing | 321 | 237 | +35.4% |
| Net interest income · Investment Management | 3 | 5 | -40.0% |
| Net interest income · Investment Servicing | 832 | 709 | +17.3% |
| Other fee revenue · Investment Management | 5 | -2 | +350.0% |
| Other fee revenue · Investment Servicing | 102 | 101 | +1.0% |
| Securities finance · Investment Management | 6 | 6 | 0.0% |
| Securities finance · Investment Servicing | 55 | 63 | -12.7% |
| Total fee revenue · Investment Management | 11 | 4 | +175.0% |
| Total fee revenue · Investment Servicing | 478 | 401 | +19.2% |
| Total other income · Investment Servicing | 1 | — | — |
| Total revenue · Investment Management | 14 | 9 | +55.6% |
| Total revenue · Investment Servicing | 1,311 | 1,110 | +18.1% |
| Income Before Taxes | 969 | 822 | +17.9% |
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| Investment Management · Operating Segments | 249 | 165 | +50.9% |
| Investment Servicing · Operating Segments | 850 | 657 | +29.4% |
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| Non Us | 454 | 309 | +46.9% |
| US | 515 | 513 | +0.4% |
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| Material Reconciling Items | -130 | — | — |
| Income Tax Expense (Benefit) | 205 | 178 | +15.2% |
| Net Income | 764 | 644 | +18.6% |
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| Retained Earnings | 764 | 644 | +18.6% |
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| Reclassification Out Of Accumulated Other Comprehensive Income | -33 | -56 | +41.1% |
| Comprehensive Income | 525 | 952 | -44.9% |
| Other Comprehensive Income | -239 | 308 | -177.6% |
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| Accumulated Defined Benefit Plans Adjustment | 3 | 3 | 0.0% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | -4 | 30 | -113.3% |
| Accumulated Net Unrealized Investment Gain Loss | -131 | 111 | -218.0% |
| Accumulated Other Comprehensive Income | -239 | 308 | -177.6% |
| Accumulated Translation Adjustment | -237 | 450 | -152.7% |
| Net Unrealized Gains (Losses) on Hedges of Net Investments in Non-U.S. Subsidiaries | 130 | -286 | +145.5% |
| EPS (Basic) | 2.53 | 2.07 | +22.2% |
| EPS (Diluted) | 2.49 | 2.04 | +22.1% |
| Wtd Avg Shares (Basic) | 278,434 | 288,562 | -3.5% |
| Wtd Avg Shares (Diluted) | 282,874 | 292,716 | -3.4% |
| Gain Loss On Investments | 1 | — | — |
| Interest And Dividend Income Operating | 2,651 | 2,922 | -9.3% |
| Occupancy Net | 101 | 103 | -1.9% |
| Net Income Loss Available To Common Stockholders Basic | 705 | 597 | +18.1% |
| Other Expenses | 349 | 330 | +5.8% |
| Communications And Information Technology | 637 | 497 | +28.2% |
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| Investment Management · Operating Segments | 29 | 20 | +45.0% |
| Investment Servicing · Operating Segments | 558 | 477 | +17.0% |
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| Material Reconciling Items | 50 | — | — |
| Noninterest Expense | 2,811 | 2,450 | +14.7% |
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| Investment Management · Operating Segments | 492 | 431 | +14.2% |
| Investment Servicing · Operating Segments | 2,189 | 2,019 | +8.4% |
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| Material Reconciling Items | 130 | — | — |
| Noninterest Income | 2,960 | 2,570 | +15.2% |
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| Investment Management · Operating Segments | 738 | 591 | +24.9% |
| Investment Servicing · Operating Segments | 2,222 | 1,979 | +12.3% |
| Interest Income Expense Net | 835 | 714 | +16.9% |
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| Investment Management · Operating Segments | 3 | 5 | -40.0% |
| Investment Servicing · Operating Segments | 832 | 709 | +17.3% |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | -20 | -29 | +31.0% |
| Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income | -14 | -27 | +48.1% |
| Labor And Related Expense | 1,441 | 1,262 | +14.2% |
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| Investment Management · Operating Segments | 175 | 159 | +10.1% |
| Investment Servicing · Operating Segments | 1,187 | 1,103 | +7.6% |
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| Material Reconciling Items | 79 | — | — |
| Noninterest Income Other | 107 | 99 | +8.1% |
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| Investment Management · Operating Segments | 5 | -2 | +350.0% |
| Investment Servicing · Operating Segments | 102 | 101 | +1.0% |
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| Variable Interest Entity Not Primary Beneficiary | 4 | 3 | +33.3% |
| Interest Expense Operating | 1,816 | 2,208 | -17.8% |
| Preferred Stock Dividends Income Statement Impact | -58 | -46 | -26.1% |
| Marketing And Advertising Expense | 34 | 25 | +36.0% |
| Professional Fees | 104 | 110 | -5.5% |
| Interest Income Operating | 2,651 | 2,922 | -9.3% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Non-Current Assets | |||
| Operating Lease Right-of-Use Assets | 833 | 826 | +0.8% |
| Goodwill | 8,121 | 7,763 | +4.6% |
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| Investment Management | 267 | 265 | +0.8% |
| Investment Servicing | 7,854 | 7,498 | +4.7% |
| Intangible Assets | 872 | — | — |
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| Investment Management | 17 | — | — |
| Investment Servicing | 855 | — | — |
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| Core Deposits | 98 | — | — |
| Customer Relationships | 646 | — | — |
| Other Intangible Assets | 26 | — | — |
| Technology Based Intangible Assets | 102 | — | — |
| Deferred Tax Assets | 608 | 646 | -5.9% |
| Total Assets | 392,165 | 372,693 | +5.2% |
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| Non Us | 94.16 | 85.65 | +9.9% |
| Non-Current Liabilities | |||
| Total Liabilities | 364,423 | 346,001 | +5.3% |
| Stockholders' Equity | |||
| Common Stock | 504 | — | — |
| Additional Paid-In Capital | 10,701 | 10,693 | +0.1% |
| Retained Earnings | 31,864 | 29,959 | +6.4% |
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| Subsidiaries · Basel III Advanced Approaches | 16,418 | 16,208 | +1.3% |
| Subsidiaries · Basel III Standardized Approach | 16,418 | 16,208 | +1.3% |
Show Regulatory Capital requirements for Banking Organizations, by Implementation Approaches [Axis] breakouts |
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| Basel III Advanced Approaches | 31,864 | 29,959 | +6.4% |
| Basel III Standardized Approach | 31,864 | 29,959 | +6.4% |
| Accumulated Other Comprehensive Income | -1,282 | -1,792 | +28.5% |
| Total Stockholders' Equity | 27,742 | 26,692 | +3.9% |
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| Accumulated Defined Benefit Plans Adjustment | -89 | -126 | +29.4% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | -37 | -102 | +63.7% |
| Accumulated Net Unrealized Investment Gain Loss | -282 | -369 | +23.6% |
| Accumulated Other Comprehensive Income | -1,282 | -1,792 | +28.5% |
| Accumulated Translation Adjustment | -1,030 | -1,718 | +40.0% |
| Additional Paid In Capital | 10,701 | 10,693 | +0.1% |
| Common Stock | 504 | 504 | 0.0% |
| Net Unrealized Gains (Losses) on Hedges of Net Investments in Non-U.S. Subsidiaries | 156 | 523 | -70.2% |
| Preferred Stock | 3,559 | 3,559 | 0.0% |
| Retained Earnings | 31,864 | 29,959 | +6.4% |
| Treasury Stock Common | -17,604 | -16,231 | -8.5% |
| Total Liabilities & Equity | 392,165 | 372,693 | +5.2% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Deferred Income Taxes | 28 | 18 | +55.6% |
| Other Non-Cash Items | 237 | 156 | +51.9% |
| Net Cash from Operations | -12,143 | 2,396 | -606.8% |
| Investing Activities | |||
| Capital Expenditures | -270 | -226 | -19.5% |
| Purchases of Investments | -13,936 | -18,449 | +24.5% |
| Other Investing Activities | 59 | -103 | +157.3% |
| Net Cash from Investing | -4,383 | -14,607 | +70.0% |
| Financing Activities | |||
| Share Repurchases | -400 | -100 | -300.0% |
| Net Cash from Financing | 18,611 | 13,724 | +35.6% |
| Supplemental | |||
| Income Taxes Paid | 92 | 186 | -50.5% |
| Interest Paid | 1,784 | 2,074 | -14.0% |
| Other Cash Flow | |||
| Net Change in Cash | 2,085 | 1,513 | +37.8% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.