Q2 2026 Earnings

Reported July 16, 2026

Quarter Comparison

Revenue

Net Margin

Free Cash Flow

Income Statement

Cash Flow Statement

Balance Sheet

Operating metrics disclosed this quarter

Read from the filing itself — XBRL does not carry these, so no standard financial dataset has them.

Average Loan Yield
4.6%
TABLE 10: AVERAGE BALANCES AND INTEREST RATES - FULLY TAXABLE-EQUIVALENT BASIS(1) Three Months Ended June 30, 2026 | 2025 (Dollars in millions; fully taxable-equivalent basis) | AverageBalance | InterestRevenue/Expense | Rate | AverageBalance | InterestRevenue/Expense | Rate Loans(3) | 50,081 | 580 | 4.64 | 45,277 | 574 | 5.08
CET1 Capital Ratio - Basel III Advanced Approaches
13.2%
TABLE 29: REGULATORY CAPITAL STRUCTURE AND RELATED REGULATORY CAPITAL RATIOS State Street Corporation | State Street Bank (Dollars in millions) | Basel III Advanced Approaches June 30, 2026 | Basel III Standardized Approach June 30, 2026 | Basel III Advanced Approaches December 31, 2025 | Basel III Standardized Approach December 31, 2025 | Basel III Advanced Approaches June 30, 2026 | Basel III Standardized Approach June 30, 2026 | Basel III Advanced Approaches December 31, 2025 | Basel III Standardized Approach December 31, 2025 Capital Ratios: | 2026 Minimum Requirements Including Capital Conservation Buffer and G-SIB Surcharge(4) | 2025 Minimum Requirements Including Capital Conservation Buffer and G-SIB Surcharge(4) Common equity tier 1 capital | 8.0 | % | 8.0 | % | 13.2 | % | 10.8 | % | 13.0 | % | 11.6 | % | 18.5 | % | 14.7 | % | 18.6 | % | 16.3 | %
CET1 Capital Ratio - Basel III Standardized Approach
10.8%
TABLE 29: REGULATORY CAPITAL STRUCTURE AND RELATED REGULATORY CAPITAL RATIOS State Street Corporation | State Street Bank (Dollars in millions) | Basel III Advanced Approaches June 30, 2026 | Basel III Standardized Approach June 30, 2026 | Basel III Advanced Approaches December 31, 2025 | Basel III Standardized Approach December 31, 2025 | Basel III Advanced Approaches June 30, 2026 | Basel III Standardized Approach June 30, 2026 | Basel III Advanced Approaches December 31, 2025 | Basel III Standardized Approach December 31, 2025 Capital Ratios: | 2026 Minimum Requirements Including Capital Conservation Buffer and G-SIB Surcharge(4) | 2025 Minimum Requirements Including Capital Conservation Buffer and G-SIB Surcharge(4) Common equity tier 1 capital | 8.0 | % | 8.0 | % | 13.2 | % | 10.8 | % | 13.0 | % | 11.6 | % | 18.5 | % | 14.7 | % | 18.6 | % | 16.3 | %

Earnings Release

EX-99.1 2 a2q26earningspressrelease.htm EX-99.1 Document Exhibit 99.1 State Street Corporation One Congress Street Boston, MA 02114 NYSE: STT www.statestreet.com July 16, 2026 STATE STREET REPORTS SECOND QUARTER 2026 EPS OF $3.65 See note (a) below for a description of the presentation in this news

EX-99.1 2 a2q26earningspressrelease.htm EX-99.1 Document Exhibit 99.1 State Street Corporation One Congress Street Boston, MA 02114 NYSE: STT www.statestreet.com July 16, 2026 STATE STREET REPORTS SECOND QUARTER 2026 EPS OF $3.65 See note (a) below for a description of the presentation in this news release RON O’HANLEY CHAIRMAN AND CHIEF EXECUTIVE OFFICER $4.0B TOTAL REVENUE , up 17% “Our strong start to 2026 continued in the second quarter, powered by the strength of our global franchises. We achieved record total revenues, along with record AUC/A and AUM in the quarter, further underscoring our continued momentum. This drove significant positive operating leverage year-over-year in 2Q and a tenth consecutive quarter of positive operating leverage excluding notable items.” O'Hanley added: “Following the release of the Federal Reserve’s stress test results, we recently declared a 10% per...

Source

Exhibit EX-99.1

0000093751-26-000387

Filed July 16, 2026 at 11:30 AM UTC. The figures above are from the audited statements, not from this release.

Supplementary Leverage Ratio

6.2%

TABLE 32: TIER 1 AND SUPPLEMENTARY LEVERAGE RATIOS (Dollars in millions) | June 30, 2026 | December 31, 2025 State Street: Tier 1 capital | $ | 18,984 | $ | 18,371 Average assets | 366,821 | 342,448 Less: adjustments for deductions from tier 1 capital and other | (9,284) | (9,470) Adjusted average assets for tier 1 leverage ratio | 357,537 | 332,978 Additional SLR exposure | 48,726 | 43,235 Adjustments for deductions of qualifying central bank deposits | (99,667) | (91,545) Total assets for SLR | $ | 306,596 | $ | 284,668 Tier 1 leverage ratio(1) | 5.3 | % | 5.5 | % Supplementary leverage ratio | 6.2 | 6.5

Tier 1 Leverage Ratio

5.3%

Total Capital Ratio - Basel III Advanced Approaches

17.8%

TABLE 29: REGULATORY CAPITAL STRUCTURE AND RELATED REGULATORY CAPITAL RATIOS State Street Corporation | State Street Bank (Dollars in millions) | Basel III Advanced Approaches June 30, 2026 | Basel III Standardized Approach June 30, 2026 | Basel III Advanced Approaches December 31, 2025 | Basel III Standardized Approach December 31, 2025 | Basel III Advanced Approaches June 30, 2026 | Basel III Standardized Approach June 30, 2026 | Basel III Advanced Approaches December 31, 2025 | Basel III Standardized Approach December 31, 2025 Capital Ratios: | 2026 Minimum Requirements Including Capital Conservation Buffer and G-SIB Surcharge(4) | 2025 Minimum Requirements Including Capital Conservation Buffer and G-SIB Surcharge(4) Common equity tier 1 capital | 8.0 | % | 8.0 | % | 13.2 | % | 10.8 | % | 13.0 | % | 11.6 | % | 18.5 | % | 14.7 | % | 18.6 | % | 16.3 | % Tier 1 capital | 9.5 | 9.5 | 16.3 | 13.2 | 16.1 | 14.4 | 18.5 | 14.7 | 18.6 | 16.3 Total capital | 11.5 | 11.5 | 17.8 | 14.5 | 17.7 | 16.1 | 18.9 | 15.2 | 19.1 | 16.9

Total Capital Ratio - Basel III Standardized Approach

14.5%

AUC/A - Collective Funds, Including ETFs

$20055.00B

TABLE 3: ASSETS UNDER CUSTODY AND/OR ADMINISTRATION BY PRODUCT(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 Collective funds, including ETFs | $ | 20,055 | $ | 17,997 | $ | 16,728

AUC/A - Equities

$34670.00B

TABLE 4: ASSETS UNDER CUSTODY AND/OR ADMINISTRATION BY ASSET CLASS(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 Equities | $ | 34,670 | $ | 31,879 | $ | 29,311

AUC/A - Fixed-Income

$14160.00B

TABLE 4: ASSETS UNDER CUSTODY AND/OR ADMINISTRATION BY ASSET CLASS(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 Fixed-income | 14,160 | 13,830 | 12,122

AUC/A - Insurance and Other Products

$12231.00B

TABLE 3: ASSETS UNDER CUSTODY AND/OR ADMINISTRATION BY PRODUCT(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 Insurance and other products | 12,231 | 11,833 | 9,952

AUC/A - Mutual Funds

$14353.00B

TABLE 3: ASSETS UNDER CUSTODY AND/OR ADMINISTRATION BY PRODUCT(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 Mutual funds | 14,353 | 13,518 | 12,641

AUC/A - Pension Products

$11219.00B

TABLE 3: ASSETS UNDER CUSTODY AND/OR ADMINISTRATION BY PRODUCT(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 Pension products | 11,219 | 10,452 | 9,679

AUC/A - Short-Term and Other Investments

$9028.00B

TABLE 4: ASSETS UNDER CUSTODY AND/OR ADMINISTRATION BY ASSET CLASS(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 Short-term and other investments(2) | 9,028 | 8,091 | 7,567

AUM - Active, Alternatives and Other

$190.00B

TABLE 8: ASSETS UNDER MANAGEMENT BY VEHICLE AND STRATEGY(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 By Strategy: Index strategies and solutions: ETFs | $ | 2,188 | $ | 1,936 | $ | 1,677 Other index | 3,279 | 2,986 | 2,737 Total index strategies and solutions | 5,467 | 4,922 | 4,414 Active, alternatives and other(2) | 190 | 173 | 178

AUM - Alternative Investments

$263.00B

TABLE 6: ASSETS UNDER MANAGEMENT BY ASSET CLASS(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 Alternative investments(3) | 263 | 271 | 225

AUM - Cash

$621.00B

TABLE 6: ASSETS UNDER MANAGEMENT BY ASSET CLASS(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 Cash(2) | 621 | 570 | 525

AUM - ETF Vehicle

$2204.00B

TABLE 8: ASSETS UNDER MANAGEMENT BY VEHICLE AND STRATEGY(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 By Vehicle: ETF | $ | 2,204 | $ | 1,951 | $ | 1,690

AUM - Equity

$4051.00B

TABLE 6: ASSETS UNDER MANAGEMENT BY ASSET CLASS(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 Equity | $ | 4,051 | $ | 3,589 | $ | 3,218

AUM - Fixed-Income

$776.00B

TABLE 6: ASSETS UNDER MANAGEMENT BY ASSET CLASS(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 Fixed-income | 776 | 734 | 700

AUM - Multi-Asset

$567.00B

TABLE 6: ASSETS UNDER MANAGEMENT BY ASSET CLASS(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 Multi-asset | 567 | 501 | 449

AUM - Total Index Strategies and Solutions

$5467.00B

Assets Under Custody and/or Administration

$57858.00B

TABLE 3: ASSETS UNDER CUSTODY AND/OR ADMINISTRATION BY PRODUCT(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 Total | $ | 57,858 | $ | 53,800 | $ | 49,000

Assets Under Management

$6278.00B

TABLE 6: ASSETS UNDER MANAGEMENT BY ASSET CLASS(1) (In billions) | June 30, 2026 | December 31, 2025 | June 30, 2025 Total | $ | 6,278 | $ | 5,665 | $ | 5,117

AUM Net Asset Flows - Alternative Investments

$-6.00B

TABLE 9: ACTIVITY IN ASSETS UNDER MANAGEMENT BY STRATEGY AND ASSET CLASS(1) (In billions) | Equity | Fixed-Income | Cash(2) | Multi-Asset | Alternative Investments(3) | Total Ending balance as of March 31, 2026 | $ | 3,496 | $ | 756 | $ | 581 | $ | 503 | $ | 284 | $ | 5,620 Net asset flows: Index strategies and solutions: ETFs | 67 | 3 | — | — | (4) | 66 Other index | (5) | 9 | — | 13 | (2) | 15 Total index strategies and solutions | 62 | 12 | — | 13 | (6) | 81 Active, alternatives and other | (2) | — | — | — | — | (2) Cash | — | — | 35 | — | — | 35 Total flows, net | 60 | 12 | 35 | 13 | (6) | 114

AUM Net Asset Flows - Cash

$35.00B

AUM Net Asset Flows - Equity

$60.00B

AUM Net Asset Flows - Fixed-Income

$12.00B

AUM Net Asset Flows - Multi-Asset

$13.00B

Total AUM Net Asset Flows

$114.00B

Unfunded Credit Facilities

$35.96B

(In millions) | June 30, 2026 | December 31, 2025 Commitments: Unfunded credit facilities | $ | 35,960 | $ | 35,697

Doubtful Loans

$172.0M

June 30, 2026 | Commercial and Financial | Commercial Real Estate | Total Loans (In millions) Doubtful | — | 172 | 172

Special Mention Loans

$156.0M

June 30, 2026 | Commercial and Financial | Commercial Real Estate | Total Loans (In millions) Special mention | 64 | 92 | 156

Sub-Investment-Grade Loans

$2.37B

June 30, 2026 | Commercial and Financial | Commercial Real Estate | Total Loans (In millions) Sub-investment grade | 1,741 | 628 | 2,369

Substandard Loans

$121.0M

June 30, 2026 | Commercial and Financial | Commercial Real Estate | Total Loans (In millions) Substandard | — | 121 | 121

Average Interest-Bearing Deposits

$240.84B

TABLE 10: AVERAGE BALANCES AND INTEREST RATES - FULLY TAXABLE-EQUIVALENT BASIS(1) Three Months Ended June 30, 2026 | 2025 (Dollars in millions; fully taxable-equivalent basis) | AverageBalance | InterestRevenue/Expense | Rate | AverageBalance | InterestRevenue/Expense | Rate Interest-bearing deposits: U.S. | $ | 161,741 | $ | 1,173 | 2.91 | $ | 159,770 | $ | 1,396 | 3.50 Non-U.S. | 79,103 | 300 | 1.52 | 76,807 | 297 | 1.55 Total interest-bearing deposits(5)(6) | 240,844 | 1,473 | 2.45 | 236,577 | 1,693 | 2.87

Interest-Bearing Deposit Cost

2.5%

Average Loans

$50.08B

Collateralized Loan Obligation Loans

$13.59B

TABLE 21: LOANS (In millions) | June 30, 2026 | December 31, 2025 Collateralized loan obligations(2) | 13,590 | 12,809

Commercial Loans

$1.60B

TABLE 21: LOANS (In millions) | June 30, 2026 | December 31, 2025 Commercial | 1,599 | 2,851

Commercial Real Estate Loans

$2.29B

TABLE 21: LOANS (In millions) | June 30, 2026 | December 31, 2025 Commercial real estate | 2,291 | 2,471

Fund Finance Loans

$11.38B

TABLE 21: LOANS (In millions) | June 30, 2026 | December 31, 2025 Fund finance(1) | 11,381 | 10,916

Loan Overdrafts

$5.24B

TABLE 21: LOANS (In millions) | June 30, 2026 | December 31, 2025 Overdrafts | 5,244 | 1,962

Subscription Finance Loans

$15.72B

TABLE 21: LOANS (In millions) | June 30, 2026 | December 31, 2025 Subscription finance | $ | 15,718 | $ | 13,138

Total Gross Loans

$52.06B

TABLE 21: LOANS (In millions) | June 30, 2026 | December 31, 2025 Total loans(4)(5) | 52,062 | 46,782

Total Loss-Absorbing Capacity - Percent of RWA

27.8%

TABLE 33: TOTAL LOSS-ABSORBING CAPACITY As of June 30, 2026 (Dollars in millions) | Actual | Requirement Total loss-absorbing capacity: Risk-weighted assets | $ | 39,937 | 27.8 | % | $ | 30,832 | 21.5 | % Total leverage exposure | 39,937 | 13.0 | % | 24,528 | 8.0 | %

Total Ten-Day Trading VaR - Period End

$7.9M

TABLE 23: TEN-DAY VALUE-AT-RISK ASSOCIATED WITH TRADING ACTIVITIES FOR COVERED POSITIONS Three Months Ended | As of June 30, 2026 | As of March 31, 2026 | As of June 30, 2025 June 30, 2026 | March 31, 2026 | June 30, 2025 (In thousands) | Avg. | Max. | Min. | Avg. | Max. | Min. | Avg. | Max. | Min. | VaR | VaR | VaR State Street Markets | $ | 8,315 | $ | 15,092 | $ | 4,753 | $ | 6,632 | $ | 16,230 | $ | 4,298 | $ | 6,256 | $ | 9,700 | $ | 4,100 | $ | 7,547 | $ | 6,359 | $ | 4,100 Global Treasury | 3,777 | 6,127 | 3,415 | 4,198 | 11,574 | 3,476 | 2,688 | 5,416 | 571 | 3,539 | 3,543 | 3,448 Diversification | (2,901) | (5,080) | (2,499) | (2,787) | (10,131) | (3,198) | (2,247) | (5,387) | (101) | (3,201) | (2,809) | (2,577) Total VaR | $ | 9,191 | $ | 16,139 | $ | 5,669 | $ | 8,043 | $ | 17,673 | $ | 4,576 | $ | 6,697 | $ | 9,729 | $ | 4,570 | $ | 7,885 | $ | 7,093 | $ | 4,971

Total Ten-Day Trading VaR - Quarterly Average

$9.2M

Net Interest Margin - Fully Taxable-Equivalent

1.1%

TABLE 10: AVERAGE BALANCES AND INTEREST RATES - FULLY TAXABLE-EQUIVALENT BASIS(1) Three Months Ended June 30, 2026 | 2025 (Dollars in millions; fully taxable-equivalent basis) | AverageBalance | InterestRevenue/Expense | Rate | AverageBalance | InterestRevenue/Expense | Rate Interest rate spread | 0.86 | % | 0.68 | % Net interest income, fully taxable-equivalent basis | $ | 860 | $ | 729 Net interest margin, fully taxable-equivalent basis | 1.13 | % | 0.96 | %

Pre-Tax Margin

34.3%

TABLE 1: OVERVIEW OF FINANCIAL RESULTS Three Months Ended June 30, | % Change (Dollars in millions, except per share amounts) | 2026 | 2025 Pre-tax margin | 34.3 | 25.8 | 850

Return on Average Common Equity

16.7%

TABLE 1: OVERVIEW OF FINANCIAL RESULTS Three Months Ended June 30, | % Change (Dollars in millions, except per share amounts) | 2026 | 2025 Return on average common equity | 16.7 | % | 10.8 | % | 590 | bps

Investment Management Pre-Tax Margin

38.3%

TABLE 14: INVESTMENT MANAGEMENT LINE OF BUSINESS RESULTS (Dollars in millions, except where otherwise noted) | Three Months Ended June 30, | % Change 2026 | 2025 Pre-tax margin | 38.3 | % | 33.3 | % | 500 | bps

Investment Servicing Pre-Tax Margin

33.3%

TABLE 13: INVESTMENT SERVICING LINE OF BUSINESS RESULTS (Dollars in millions, except where otherwise noted) | Three Months Ended June 30, | % Change 2026 | 2025 Pre-tax margin | 33.3 | % | 28.8 | % | 450 | bps

Indemnified Securities Financing

$395.86B

(In millions) | June 30, 2026 | December 31, 2025 Commitments: Unfunded credit facilities | $ | 35,960 | $ | 35,697 Guarantees(1): Indemnified securities financing | $ | 395,860 | $ | 371,968

Number of Employees at Quarter-End

50.6K

TABLE 11: EXPENSES Three Months Ended June 30, | % Change (Dollars in millions) | 2026 | 2025 Number of employees at quarter-end | 50,596 | 52,014 | (3)