Filing Flows › State Street (STT) › Q3 2026 › vs Q3 2025
State Street (STT) Q3 2026 vs Q3 2025 (year over year)
State Street's revenue rose $459M (+13%) from $3.5B in Q3 2025 to $4.0B in Q3 2026. The biggest changes: Total fee revenue +$311M (+11%); Net interest income +$149M (+21%). Operating margin 34.7% against 31.1% (+3.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 34.7% | 31.1% | +3.6 pts |
| Net margin | 27.2% | 24.3% | +2.9 pts |
| Free cash flow margin | 47.6% | 216.0% | -168.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Account Servicing | $1.5B | $1.4B | $135M | +10% |
| Management fees | $797M | $664M | $133M | +20% |
| Foreign exchange trading services | $427M | $364M | $63.0M | +17% |
| Software services | $175M | $167M | $8.0M | +5% |
| Securities finance | $151M | $138M | $13.0M | +9% |
| Other fee revenue | $98.0M | $139M | −$41.0M | -29% |
| Total fee revenue | $3.1B | $2.8B | $311M | +11% |
| Net interest income | $864M | $715M | $149M | +21% |
| Revenue | $4.0B | $3.5B | $459M | +13% |
| Operating profit | $1.4B | $1.1B | $286M | +26% |
| Costs & expenses | $2.6B | $2.4B | $173M | +7% |
| Pre-tax earnings | $1.4B | $1.1B | $286M | +26% |
| Sales & marketing | $64.0M | $51.0M | $13.0M | +25% |
| Other operating costs | $2.6B | $2.4B | $160M | +7% |
| Net earnings | $1.1B | $861M | $229M | +27% |
| Income tax | $298M | $241M | $57.0M | +24% |
| Working capital & other | $1.2B | $7.0B | −$5.9B | -84% |
| Operating cash flow | $2.2B | $7.9B | −$5.7B | -72% |
| Free cash flow (OCF − capex) | $1.9B | $7.7B | −$5.8B | -75% |
| Capital expenditures | $345M | $243M | $102M | +42% |
Questions
How much did State Street's revenue grow year over year in Q3 2026?
State Street's revenue rose $459M (+13%) from $3.5B in Q3 2025 to $4.0B in Q3 2026.
What drove State Street's revenue change in Q3 2026?
Total fee revenue +$311M (+11%); Net interest income +$149M (+21%).