Filing Flows › State Street (STT) › Q2 2026 › vs Q1 2026
State Street (STT) Q2 2026 vs Q1 2026 (quarter over quarter)
State Street's revenue rose $252M (+7%) from $3.8B in Q1 2026 to $4.0B in Q2 2026. The biggest changes: Total fee revenue +$228M (+8%); Net interest income +$25.0M (+3%). Operating margin 34.3% against 25.5% (+8.8 pts).
State Street, Q2 2026: revenue $4.0B (+17% year over year), operating margin 34.3%, net earnings $1.1B, operating cash flow −$2.3B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 34.3% | 25.5% | +8.8 pts |
| Net margin | 26.8% | 20.1% | +6.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Account Servicing | $1.5B | $1.4B | $59.0M | +4% |
| Management fees | $772M | $724M | $48.0M | +7% |
| Foreign exchange trading services | $494M | $435M | $59.0M | +14% |
| Software services | $166M | $169M | −$3.0M | -2% |
| Securities finance | $150M | $116M | $34.0M | +29% |
| Other fee revenue | $138M | $107M | $31.0M | +29% |
| Total fee revenue | $3.2B | $3.0B | $228M | +8% |
| Net interest income | $860M | $835M | $25.0M | +3% |
| Revenue | $4.0B | $3.8B | $252M | +7% |
| Operating profit | $1.4B | $969M | $420M | +43% |
| Costs & expenses | $2.7B | $2.8B | −$168M | -6% |
| Pre-tax earnings | $1.4B | $969M | $420M | +43% |
| Sales & marketing | $57.0M | $34.0M | $23.0M | +68% |
| Other operating costs | $2.6B | $2.8B | −$191M | -7% |
| Net earnings | $1.1B | $764M | $320M | +42% |
| Income tax | $305M | $205M | $100M | +49% |
| Operating cash sources | $3.4B | $12.9B | −$9.5B | -74% |
| Cash used in operations | $2.3B | $12.1B | −$9.8B | -81% |
| Working capital & other | $3.4B | $12.9B | −$9.5B | -74% |
Questions
How much did State Street's revenue grow quarter over quarter in Q2 2026?
State Street's revenue rose $252M (+7%) from $3.8B in Q1 2026 to $4.0B in Q2 2026.
What drove State Street's revenue change in Q2 2026?
Total fee revenue +$228M (+8%); Net interest income +$25.0M (+3%).