Filing Flows › State Street (STT) › Q1 2026
State Street (STT) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
State Street (STT) reported revenue of $3.8B for the first quarter 2026 (Q1 2026), +16% from a year earlier and +4% from the quarter before. Operating margin was 25.5%, net earnings $764M (20.1% of revenue).
State Street, Q1 2026: revenue $3.8B (+16% year over year), operating margin 25.5%, net earnings $764M, operating cash flow −$12.1B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | +4% | +16% |
| Operating profit | $969M | +6% | +18% |
| Net earnings | $764M | +2% | +19% |
| Operating cash flow | −$12.1B | -221% | -607% |
What changed
Revenue was $3.8B in Q1 2026, up 16% year over year and up 4% from the previous quarter. Account Servicing was the largest line at 37% of revenue. Management fees added $0.14B year over year (up 23%), 27% of the total change.
Operating profit was $1.0B, a 25.5% margin (up 0.5 points year over year). Of the extra revenue versus Q1 2025, 29% reached operating profit, above the 25% margin then. Total costs grew 15% against revenue growth of 16%. The fastest-growing cost line was Sales & marketing (+36%). Net earnings were $0.76B, up 19% year over year. The effective tax rate was 21.2%.
Operating cash flow was −$12.1B. Working capital and other items used $12.9B. Capital expenditures of $0.27B exceeded it, leaving free cash flow of −$12.4B.
Questions
What was State Street's revenue in the first quarter 2026?
State Street (STT) reported revenue of $3.8B for the first quarter 2026 (Q1 2026), +16% from a year earlier and +4% from the quarter before.
Was State Street profitable in the first quarter 2026?
Operating profit was $969M (25.5% of revenue) and net earnings $764M.
Source: State Street 10-Q on SEC EDGAR.