Filing Flows › State Street (STT) › Q3 2026 › vs Q2 2026
State Street (STT) Q3 2026 vs Q2 2026 (quarter over quarter)
State Street's revenue fell $44.0M (-1%) from $4.0B in Q2 2026 to $4.0B in Q3 2026. The biggest changes: Total fee revenue −$48.0M (-2%); Net interest income +$4.0M (+0.5%). Operating margin 34.7% against 34.3% (+0.4 pts).
State Street, Q3 2026: revenue $4.0B (+13% year over year), operating margin 34.7%, net earnings $1.1B, operating cash flow $2.2B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 34.7% | 34.3% | +0.4 pts |
| Net margin | 27.2% | 26.8% | +0.4 pts |
| Free cash flow margin | 47.6% | -74.1% | +121.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Account Servicing | $1.5B | $1.5B | $24.0M | +2% |
| Management fees | $797M | $772M | $25.0M | +3% |
| Foreign exchange trading services | $427M | $494M | −$67.0M | -14% |
| Software services | $175M | $166M | $9.0M | +5% |
| Securities finance | $151M | $150M | $1.0M | +0.7% |
| Other fee revenue | $98.0M | $138M | −$40.0M | -29% |
| Total fee revenue | $3.1B | $3.2B | −$48.0M | -2% |
| Net interest income | $864M | $860M | $4.0M | +0.5% |
| Revenue | $4.0B | $4.0B | −$44.0M | -1% |
| Operating profit | $1.4B | $1.4B | −$1.0M | -0.1% |
| Costs & expenses | $2.6B | $2.7B | −$43.0M | -2% |
| Pre-tax earnings | $1.4B | $1.4B | −$1.0M | -0.1% |
| Sales & marketing | $64.0M | $57.0M | $7.0M | +12% |
| Other operating costs | $2.6B | $2.6B | −$50.0M | -2% |
| Net earnings | $1.1B | $1.1B | $6.0M | +0.6% |
| Income tax | $298M | $305M | −$7.0M | -2% |
| Working capital & other | $1.2B | −$3.4B | $4.6B | — |
| Operating cash flow | $2.2B | −$2.3B | $4.6B | — |
| Free cash flow (OCF − capex) | $1.9B | −$3.0B | $4.9B | — |
| Capital expenditures | $345M | $675M | −$330M | -49% |
Questions
How much did State Street's revenue grow quarter over quarter in Q3 2026?
State Street's revenue fell $44.0M (-1%) from $4.0B in Q2 2026 to $4.0B in Q3 2026.
What drove State Street's revenue change in Q3 2026?
Total fee revenue −$48.0M (-2%); Net interest income +$4.0M (+0.5%).