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State Street (STT)
NYSE:STT
Earnings Data
Report Date
Apr 10, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.51Last Year’s EPS
2.04Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call conveyed a strongly positive operational and financial trajectory: record revenues, expanding margins, robust asset growth, solid capital returns, and execution on strategic initiatives (private markets, digital assets, wealth, SaaS transition, and AI-enabled transformation). Management acknowledged near-term headwinds — chiefly the on-prem to SaaS revenue transition, elevated strategic investments pushing expenses higher, some lumpiness in NII drivers, and investor valuation skepticism — but presented a credible plan (productivity savings, balance sheet optimization, and reinvestment) with constructive 2026 guidance. On balance, highlights significantly outweigh the lowlights, as most lowlights are transitional or manageable and key performance metrics and strategic momentum remain strong.Company Guidance
Strong Quarterly and Full-Year EPS Growth
Excluding notable items, fourth-quarter EPS grew 14% year over year and full-year EPS was $10.30, up 19% year over year, reflecting strong revenue growth and margin expansion.
Record Revenues and Fee Growth
Full-year total revenue was approximately $14 billion (record), up more than 7% year over year, and record full-year fee revenue was $11 billion, up 9% year over year; fourth-quarter fee revenue grew 8% year over year.
Margin Expansion and Operating Leverage
Fourth-quarter pretax margin (ex-notables) improved to ~31%; full-year pretax margin was approximately 29% (up from 28% in 2024). The company generated nearly 220 basis points of operating leverage for the full year and delivered positive operating leverage for the second consecutive year.
Record Asset Levels and Net Inflows
Record AUCA of $53.8 trillion (up 16% year over year) and record AUM of $5.7 trillion (up 20% year over year). Fourth-quarter net inflows into investment management were $85 billion.
Investment Management Momentum
Management fees rose 15% year over year to a quarterly record of $662 million in Q4; investment management delivered its third consecutive year of net new asset growth above 3% and launched a record 134 new products in 2025.
Investment Services and Private Markets Strength
Servicing fees increased 8% year over year; private markets servicing fees grew 12% in 2025 and now represent ~10% of servicing fees (up from 9% in 2024). Investment services achieved servicing fee wins of ~ $330 million for the year.
State Street Markets Performance
State Street markets produced double-digit full-year fee revenue growth in FX trading services and securities finance. In Q4, FX trading revenue increased 13% year over year and securities finance revenue increased 8% year over year.
Productivity Savings and Reinvestment
Achieved full-year productivity and other savings target of $500 million in 2025 (5.5% of underlying cost base) and nearly $2 billion cumulatively over five years, enabling aggressive reinvestment in strategic initiatives and technology.
Capital Returns and Strong Capital Position
Returned over $2.1 billion of capital to common shareholders in 2025 via repurchases and dividends. Q4 capital returned totaled $635 million ($400 million repurchases, $235 million dividends). Standardized CET1 ratio was 11.7%, up ~40 basis points sequentially.
Backlog and Software Momentum
Software-enabled revenue and front-office pipeline showed strength: front-office revenue backlog increased approximately 16% year over year while software-enabled revenues grew (management highlighted a positive transition toward SaaS).
2026 Outlook (Constructive Guidance)
2026 ex-notables guidance assumes fee revenue up 4%–6%, NII up low-single-digits, expenses up ~3%–4%, positive operating leverage in excess of 100 basis points, and a full-year pretax margin of roughly 30%.
STT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
STT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 16, 2026 | $136.29 | $128.02 | -6.07% |
Oct 17, 2025 | $112.21 | $110.64 | -1.40% |
Jul 15, 2025 | $108.52 | $100.61 | -7.29% |
Apr 17, 2025 | $77.98 | $79.57 | +2.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does State Street (STT) report earnings?
State Street (STT) is schdueled to report earning on Apr 10, 2026, Before Open (Confirmed).
What is State Street (STT) earnings time?
State Street (STT) earnings time is at Apr 10, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STT EPS forecast?
STT EPS forecast for the fiscal quarter 2026 (Q1) is 2.51.
