Filing Flows › State Street (STT) › Q2 2026 › vs Q2 2025
State Street (STT) Q2 2026 vs Q2 2025 (year over year)
State Street's revenue rose $600M (+17%) from $3.4B in Q2 2025 to $4.0B in Q2 2026. The biggest changes: Total fee revenue +$469M (+17%); Net interest income +$131M (+18%). Operating margin 34.3% against 25.8% (+8.5 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 34.3% | 25.8% | +8.5 pts |
| Net margin | 26.8% | 20.1% | +6.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Account Servicing | $1.5B | $1.3B | $164M | +13% |
| Management fees | $772M | $600M | $172M | +29% |
| Foreign exchange trading services | $494M | $393M | $101M | +26% |
| Software services | $166M | $169M | −$3.0M | -2% |
| Securities finance | $150M | $126M | $24.0M | +19% |
| Other fee revenue | $138M | $127M | $11.0M | +9% |
| Total fee revenue | $3.2B | $2.7B | $469M | +17% |
| Net interest income | $860M | $729M | $131M | +18% |
| Revenue | $4.0B | $3.4B | $600M | +17% |
| Operating profit | $1.4B | $889M | $500M | +56% |
| Costs & expenses | $2.7B | $2.6B | $100M | +4% |
| Pre-tax earnings | $1.4B | $889M | $500M | +56% |
| Sales & marketing | $57.0M | $39.0M | $18.0M | +46% |
| Other operating costs | $2.6B | $2.5B | $82.0M | +3% |
| Net earnings | $1.1B | $693M | $391M | +56% |
| Income tax | $305M | $196M | $109M | +56% |
| Operating cash sources | $3.4B | $9.1B | −$5.7B | -63% |
| Cash used in operations | $2.3B | $8.4B | −$6.1B | -72% |
| Working capital & other | $3.4B | $9.1B | −$5.7B | -63% |
Questions
How much did State Street's revenue grow year over year in Q2 2026?
State Street's revenue rose $600M (+17%) from $3.4B in Q2 2025 to $4.0B in Q2 2026.
What drove State Street's revenue change in Q2 2026?
Total fee revenue +$469M (+17%); Net interest income +$131M (+18%).