$STT

STATE STREET CORP

CIK:0000093751|SEC Filings

CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($) shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Fee revenue:
Servicing fees	$ 1,468,000,000	$ 1,304,000,000	$ 2,877,000,000	$ 2,579,000,000
Management fees	772,000,000	600,000,000	1,496,000,000	1,187,000,000
Foreign exchange trading services	494,000,000	393,000,000	929,000,000	730,000,000
Securities finance	150,000,000	126,000,000	266,000,000	240,000,000
Software services	166,000,000	169,000,000	335,000,000	327,000,000
Other fee revenue	138,000,000	127,000,000	245,000,000	226,000,000
Total fee revenue	3,188,000,000	2,719,000,000	6,148,000,000	5,289,000,000
Net interest income:
Interest income	2,843,000,000	3,055,000,000	5,494,000,000	5,977,000,000
Interest expense	1,983,000,000	2,326,000,000	3,799,000,000	4,534,000,000
Net interest income	860,000,000	729,000,000	1,695,000,000	1,443,000,000
Other income:
Gains (losses) from sales of available-for-sale securities, net	0	0	1,000,000	0
Total other income	0	0	1,000,000	0
Total revenue	4,048,000,000	3,448,000,000	7,844,000,000	6,732,000,000
Provision for credit losses	0	30,000,000	16,000,000	42,000,000
Expenses:
Compensation and employee benefits	1,292,000,000	1,280,000,000	2,733,000,000	2,542,000,000
Information systems and communications	589,000,000	523,000,000	1,226,000,000	1,020,000,000
Transaction processing services	280,000,000	260,000,000	563,000,000	518,000,000
Occupancy	96,000,000	105,000,000	197,000,000	208,000,000
Other	402,000,000	361,000,000	751,000,000	691,000,000
Total expenses	2,659,000,000	2,529,000,000	5,470,000,000	4,979,000,000
Income before income tax expense	1,389,000,000	889,000,000	2,358,000,000	1,711,000,000
Income tax expense	305,000,000	196,000,000	510,000,000	374,000,000
Net income	1,084,000,000	693,000,000	1,848,000,000	1,337,000,000
Net income available to common shareholders, basic	1,026,000,000	630,000,000	1,731,000,000	1,227,000,000
Net income available to common shareholders, diluted	$ 1,026,000,000	$ 630,000,000	$ 1,731,000,000	$ 1,227,000,000
Earnings per common share:
Basic (in USD per share)	$ 3.71	$ 2.20	$ 6.24	$ 4.27
Diluted (in USD per share)	$ 3.65	$ 2.17	$ 6.14	$ 4.21
Average common shares outstanding (in thousands):
Basic (in shares)	276,150	286,281	277,286	287,415
Diluted (in shares)	281,062	290,490	281,963	291,596
Cash dividends declared (in USD per share)	$ 0.84	$ 0.76	$ 1.68	$ 1.52

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Operating Activities:
Net income	$ 1,084,000,000	$ 764,000,000	$ 693,000,000	$ 644,000,000	$ 1,848,000,000	$ 1,337,000,000
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income tax					100,000,000	(64,000,000)
Amortization of other intangible assets	55,000,000		56,000,000		112,000,000	110,000,000	$ 223,000,000
Other non-cash adjustments for depreciation, amortization and accretion, net					305,000,000	95,000,000
Gains related to investment securities, net					(1,000,000)	0
Provision for credit losses	0		30,000,000		16,000,000	42,000,000
Change in trading account assets, net					(29,000,000)	(22,000,000)
Change in accrued interest and fees receivable, net					(472,000,000)	(555,000,000)
Change in collateral deposits, net					(13,578,000,000)	(13,138,000,000)
Change in unrealized losses on foreign exchange derivatives, net					(4,820,000,000)	5,909,000,000
Change in other assets, net					(2,614,000,000)	(2,680,000,000)
Change in accrued expenses and other liabilities, net					4,336,000,000	2,639,000,000
Other, net					328,000,000	282,000,000
Net cash used in operating activities					(14,469,000,000)	(6,045,000,000)
Investing Activities:
Net increase in interest-bearing deposits with banks					(18,293,000,000)	(5,879,000,000)
Net increase in securities purchased under resale agreements					(2,223,000,000)	(1,595,000,000)
Proceeds from sales of available-for-sale securities	1,490,000,000				5,428,000,000	7,521,000,000
Proceeds from maturities of available-for-sale securities					10,765,000,000	16,242,000,000
Purchases of available-for-sale securities					(21,819,000,000)	(32,205,000,000)
Proceeds from maturities of held-to-maturity securities					2,853,000,000	4,708,000,000
Sale of loans					604,000,000	151,000,000
Net increase in loans					(6,268,000,000)	(3,285,000,000)
Purchases of equity investments and other long-term assets					(412,000,000)	(259,000,000)
Purchases of premises and equipment, net					(945,000,000)	(545,000,000)
Other, net					141,000,000	155,000,000
Net cash used in investing activities					(30,169,000,000)	(14,991,000,000)
Financing Activities:
Net decrease in time deposits					(1,512,000,000)	(1,941,000,000)
Net increase in all other deposits					46,707,000,000	23,036,000,000
Net decrease in securities sold under repurchase agreements					(446,000,000)	(1,304,000,000)
Net increase in other short-term borrowings					551,000,000	4,000,000
Proceeds from issuance of long-term debt, net of issuance costs					1,615,000,000	4,728,000,000
Payments for long-term debt and obligations under finance leases					(918,000,000)	(2,325,000,000)
Proceeds from issuance of preferred stock, net of issuance costs					0	743,000,000
Repurchases of common stock					(800,000,000)	(400,000,000)
Repurchases of common stock for employee tax withholding					(107,000,000)	(71,000,000)
Payments for cash dividends					(584,000,000)	(549,000,000)
Other, net					(11,000,000)	(10,000,000)
Net cash provided by financing activities					44,495,000,000	21,911,000,000
Net (decrease) increase in cash and due from banks					(143,000,000)	875,000,000
Cash and due from banks at beginning of period		$ 4,433,000,000		$ 3,145,000,000	4,433,000,000	3,145,000,000	3,145,000,000
Cash and due from banks at end of period	$ 4,290,000,000		$ 4,020,000,000		4,290,000,000	4,020,000,000	$ 4,433,000,000
Supplemental disclosure:
Interest paid					3,675,000,000	4,480,000,000
Income taxes paid, net					$ 322,000,000	$ 369,000,000

Commitments and Guarantees - Contractual Amounts of Credit-Related Off-Balance Sheet Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Unfunded credit facilities	$ 35,960	$ 35,697
Indemnified securities financing	395,860	371,968
Standby letters of credit	$ 455	$ 569