Earnings summaries and quarterly performance for STATE STREET.
Executive leadership at STATE STREET.
Ronald O’Hanley
Detailed
Chairman, Chief Executive Officer and President
CEO
BH
Bradford Hu
Detailed
Chief Risk Officer
JA
Joerg Ambrosius
Detailed
President, Investment Services
JW
John Woods
Detailed
Chief Financial Officer
MS
Mark Shelton
Detailed
Executive Vice President, General Counsel and Secretary
ST
Sarah Timby
Detailed
Executive Vice President and Chief Administrative Officer
YH
Yie-Hsin Hung
Detailed
President and Chief Executive Officer, State Street Global Advisors
Board of directors at STATE STREET.
AF
Amelia Fawcett
Detailed
Director
BP
Brian Porter
Detailed
Director
DD
DonnaLee DeMaio
Detailed
Director
JR
John Rhea
Detailed
Director
JP
Julio Portalatin
Detailed
Director
MC
Marie Chandoha
Detailed
Director
PH
Patricia Halliday
Detailed
Director
SM
Sara Mathew
Detailed
Lead Independent Director
SO
Sean O’Sullivan
Detailed
Director
WF
William Freda
Detailed
Director
WM
William Meaney
Detailed
Director
Research analysts who have asked questions during STATE STREET earnings calls.
Gerard Cassidy
RBC Capital Markets
7 questions for STT
Also covers: BAC, BK, BPOP +14 more
David Smith
Truist Securities
6 questions for STT
Also covers: AESI, BK, CLB +21 more
GS
Glenn Schorr
Evercore ISI
6 questions for STT
Also covers: APO, BAC, BEN +14 more
MM
Mike Mayo
Wells Fargo
6 questions for STT
Also covers: BAC, BK, C +11 more
Alexander Blostein
Goldman Sachs
5 questions for STT
Also covers: AB, AMG, AMP +31 more
BG
Betsy Graseck
Morgan Stanley
5 questions for STT
Also covers: BAC, BK, C +8 more
VJ
Vivek Juneja
JPMorgan Chase & Co.
5 questions for STT
Also covers: BAC, C, NTRS +2 more
BH
Brennan Hawken
UBS Group AG
4 questions for STT
Also covers: AMP, AMTD, APO +30 more
JM
Jim Mitchell
Seaport Global
4 questions for STT
Also covers: BAC, C, EVR +4 more
Brian Bedell
Deutsche Bank
3 questions for STT
Also covers: AMG, AMTD, APO +23 more
JM
James Mitchell
Seaport Global Holdings LLC
3 questions for STT
Also covers: BAC, BK, C +9 more
KH
Ken Houston
Autonomous Research
3 questions for STT
Also covers: NTRS
AB
Alex Blostein
Goldman Sachs Group, Inc.
2 questions for STT
Also covers: APO, ARES, BX +8 more
Ebrahim Poonawala
Bank of America Securities
2 questions for STT
Also covers: , BK, BMO +31 more
Brennan Hawken
UBS
1 question for STT
Also covers: AMTD, NTRS
David Smith
Truist Financial Corporation
1 question for STT
GS
Glenn Schorr
Evercore Inc.
1 question for STT
KU
Ken Usdin
Autonomous Research
1 question for STT
Also covers: BAC, BK, C +12 more
MM
Michael Mayo
Wells Fargo & Company
1 question for STT
MM
Michael Mayo
Wells Fargo
1 question for STT
Also covers: BAC, BK, C +10 more
Recent press releases and 8-K filings for STT.
State Street launches Prime Money Market ETF
STT
Product Launch
- State Street Investment Management unveiled the State Street Prime Money Market ETF (MMK), an actively managed ETF for cost-effective, flexible cash management.
- MMK seeks to maximize current income while preserving capital and liquidity by investing in short-term, high-quality debt obligations, including U.S. government securities, commercial paper and repurchase agreements.
- With an expense ratio of 18 bps, MMK is one of the lowest-cost active prime money market ETFs available in the U.S..
- As of December 31, 2025, State Street’s cash team managed $599.55 billion in assets, leveraging over 40 years of cash management experience.
2 days ago
State Street outlines 2026 strategic transformation and financial outlook
STT
Guidance Update
Product Launch
Share Buyback
- State Street is executing a transformation focused on rationalizing its technology platform, scaling agentic AI capabilities, and shifting to an agile operating model to drive efficiency and productivity.
- Organic fee revenue grew ~2% in 2025, and the firm targets $350 – $400 million of quarterly investment services sales in 2026, supported by tailwinds in private markets, digital, and wealth services.
- The new digital asset platform enables tokenized money market funds with stablecoin–fiat interoperability, with tokenized deposits slated for future rollout.
- Investment Management has achieved over 3% net new asset growth across three years, launched 37 new products in Q4 2025, and benefits from ETF leadership, private markets democratization, and geographic expansion.
- For 2026, State Street expects 4%–6% fee growth (at the upper end if markets remain flat) and net interest income growth driven by margin expansion; expenses to rise 3%–4% with >100 bps of operating leverage; and capital deployment via an ~80% payout ratio, strategic RWA growth, and ongoing share buybacks.
4 days ago
State Street outlines 2026 transformation and financial outlook
STT
Guidance Update
Product Launch
- CFO John Woods highlighted a transformation initiative focused on three main areas: technology platform rationalization (application consolidation & hybrid cloud migration), scaling agentic AI capabilities in H2 2026, and a shift to a hybrid human–AI agile operating model.
- Investment services delivered ~2% organic growth in 2025, with sales exceeding $300 million annually over the last three years and a 2026 target of $350–$400 million, while overall fee revenue is guided at the upper end of a 4–6% range given flat markets.
- State Street launched a digital asset platform to enable tokenized money market funds with interoperability between fiat and stablecoins, and plans to add tokenized deposits to expand on-chain distribution for clients.
- Net interest income grew in 2025 on balance-sheet actions and is expected to grow in 2026 on margin expansion, with deposit balances normalizing in early 2026 and projected medium-term growth as Fed’s quantitative tightening pauses.
- The company plans 5% productivity savings in 2026 to fund strategic initiatives while achieving >100 bps positive operating leverage, with an 80%+ earnings payout for dividends and buybacks and remaining capital deployed to private markets RWA, subject to strict discipline.
4 days ago
State Street unveils transformation roadmap and 2026 financial targets
STT
Guidance Update
Product Launch
Share Buyback
- CFO John Woods outlined a three-pillar transformation to rationalize applications via a hybrid cloud, scale agentic AI across the platform in H2 2026, and adopt hybrid agile operating models for faster delivery and efficiency.
- Investment services delivered ≈2% organic growth in 2025, supported by north of $300 million in annual new sales; State Street targets $350 million–$400 million in new sales in 2026 to bolster fee revenues.
- The newly launched digital asset platform enables tokenized money market funds interoperable with stablecoins and fiat, with tokenized deposits slated next on the product roadmap to expand distribution and yield solutions.
- State Street forecasts 4%–6% fee revenue growth for 2026—reaching the upper bound if markets remain flat—and plans margin-led net interest income growth driven by multi-year asset repricing and optimized deposit funding.
- The firm expects ~5% productivity savings in 2026 to fund strategic initiatives while delivering >100 bp of operating leverage, and will maintain an 80% earnings payout ratio, reinvesting 20% in strategic RWA—primarily private markets—while remaining open to share buybacks.
4 days ago
Saks Global to close most Off-Price stores
STT
Legal Proceedings
Debt Issuance
Management Change
- Saks Global will shutter 57 of its 69 Saks OFF 5TH stores, leaving about 12 open, and close all five Neiman Marcus Last Call outlets, with liquidation sales beginning Jan. 31 and Feb. 2; its OFF 5TH e-commerce unit will also wind down.
- The off-price division incurred a $139 million loss in fiscal 2025, marking it as a significant financial drag amid heavy debt from the Neiman Marcus acquisition.
- The company secured $1.75 billion in debtor-in-possession financing to support operations during its Chapter 11 restructuring and plans to honor loyalty programs and vendor and employee claims.
- Geoffroy van Raemdonck became CEO in mid-January, succeeding Richard Baker after rapid executive turnover.
Jan 29, 2026, 9:51 PM
State Street reports Q4 2025 results
STT
Earnings
Guidance Update
Share Buyback
- Q4 fee revenue grew 8% YoY; net interest income rose 7% to $802 M; pre-tax margin ~31%; full-year revenue ~$14 B (+7%) and record fee revenue $11 B (+9%)
- Record AUCA of $53.8 T (+16% YoY) and AUM of $5.7 T (+20%); private markets servicing fees up 12%, now ~10% of total servicing fees
- Delivered >100 bp of operating leverage in Q4 and achieved $500 M of productivity savings in 2025 (5.5% of cost base), totaling nearly $2 B over five years
- Returned $2.1 B to shareholders in 2025 (∼80% payout); Q4 repurchases of $400 M and dividends of $235 M; 2026 outlook: fee revenue +4–6%, NII up low single digits, expenses +3–4%, operating leverage >100 bp, pre-tax margin ~30%, payout ratio ~80%
Jan 16, 2026, 4:00 PM
State Street reports Q4 2025 results
STT
Earnings
Guidance Update
- 4Q25 total revenue of $3.7 B, up 7% YoY; fee revenue $2.9 B, up 8%; net interest income $802 M, up 7%; and EPS of $2.97, up 14% YoY.
- Record AUC/A of $53.8 T at quarter-end and AUC/A wins of $484 B in 4Q25 ($2.1 T FY2025) driving servicing fee revenue wins of $87 M in 4Q25 ($333 M FY).
- Investment Management achieved record AUM of $5.7 T, with net inflows of $85 B in 4Q25 and $181 B in FY2025.
- Capital strength with a CET1 ratio of 11.7% and Tier 1 leverage ratio of 5.5% at quarter-end; returned $635 M to shareholders in Q4 with a 92% total payout ratio.
- FY2026 outlook: fee revenue growth of ~4–6%, NII up low-single digits, expenses up ~3–4%, and operating leverage >100 bps.
Jan 16, 2026, 4:00 PM
State Street reports Q4 and full year 2025 results
STT
Earnings
Guidance Update
Share Buyback
- Q4 EPS +14% YoY, record quarterly fee and total revenue, and 31% pre-tax margin ex-notables.
- FY 2025 EPS $10.30 ex-notables (+19% YoY), record total revenue ~$14 billion (+7% YoY), and ROtCE 20% ex-notables.
- Investment services AuCA surpassed $50 trillion, and Investment Management ended 2025 with $5.7 trillion AUM, marking three consecutive years of net new asset growth >3%.
- Strategic milestones include the launch of a digital asset platform, partnership and minority investment in Apex, 134 new investment products, $500 million in productivity savings, and $2.1 billion returned to shareholders.
- Outlook for 2026 assumes flat markets, targets ~30% pre-tax margin, and plans continued productivity reinvestment into AI-enabled transformation.
Jan 16, 2026, 4:00 PM
State Street reports Q4 2025 results
STT
Earnings
Guidance Update
- Recorded $3.7 B total revenue and $2.9 B in fee revenue, driving ex-notable EPS of $2.97, up 14% YoY in 4Q25.
- Achieved record Asset Servicing AUC/A of $53.8 T with $484 B of net AUC/A wins, and record Investment Management AUM of $5.7 T with $85 B of net inflows in 4Q25.
- Issued FY 2026 guidance for fee revenue growth of 4–6%, NII up low-single‐digits, expenses up 3–4%, and more than 100 bps of operating leverage.
Jan 16, 2026, 4:00 PM
State Street reports Q4 2025 results
STT
Earnings
Guidance Update
Share Buyback
- State Street delivered strong Q4 2025 financial results with 14% EPS growth year-over-year, supported by record quarterly fee and total revenue; ex-notable pre-tax margin reached 31%, marking the eighth consecutive quarter of positive operating leverage.
- Full year 2025 results ex-notable include $14 billion total revenue (+7% YoY), $11 billion fee revenue (+9% YoY), 19% EPS growth, and 20% return on tangible common equity, driven by expanding margins.
- Investment servicing achieved record AUCA of $53.8 trillion (+16% YoY) with private market servicing fees up 12% (~10% of servicing fees); investment management posted record Q4 management fees of $662 million (+15% YoY) and AUM of $5.7 trillion (+20% YoY).
- State Street returned $2.1 billion of capital to shareholders in 2025 and realized $500 million in productivity savings; CET1 ratio rose to 11.7% by year-end.
- 2026 ex-notable guidance assumes flat markets with fee revenue up 4–6%, net interest income up low-single digits, expenses up 3–4%, targeting >100 bp operating leverage for ~30% pre-tax margin and ~80% payout ratio.
Jan 16, 2026, 4:00 PM
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