Filing Flows › State Street (STT) › Q2 2026
State Street (STT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
State Street (STT) reported revenue of $4.0B for the second quarter 2026 (Q2 2026), +17% from a year earlier and +7% from the quarter before. Operating margin was 34.3%, net earnings $1.1B (26.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | +7% | +17% |
| Operating profit | $1.4B | +43% | +56% |
| Net earnings | $1.1B | +42% | +56% |
| Operating cash flow | −$2.3B | — | — |
What changed
Revenue was $4.0B in Q2 2026, up 17% year over year and up 7% from the previous quarter. Account Servicing was the largest line at 36% of revenue. Management fees added $0.17B year over year (up 29%), 29% of the total change. Software services declined 2%.
Operating profit was $1.4B, a 34.3% margin (up 8.5 points year over year). Of the extra revenue versus Q2 2025, 83% reached operating profit, above the 26% margin then. Total costs grew 4% against revenue growth of 17%. The fastest-growing cost line was Sales & marketing (+46%). Net earnings were $1.1B, up 56% year over year. The effective tax rate was 22.0%.
Operating cash flow was −$2.3B. Working capital and other items used $3.4B. Capital expenditures of $0.68B exceeded it, leaving free cash flow of −$3.0B.
Questions
What was State Street's revenue in the second quarter 2026?
State Street (STT) reported revenue of $4.0B for the second quarter 2026 (Q2 2026), +17% from a year earlier and +7% from the quarter before.
Was State Street profitable in the second quarter 2026?
Operating profit was $1.4B (34.3% of revenue) and net earnings $1.1B.
Source: State Street 10-Q on SEC EDGAR.