State Street's second quarter revenue grew 17% to $4.0B, beating estimates on strong fee income and NII.

State Street reported second quarter 2026 revenue of $4.05 billion and EPS of $3.65, surpassing consensus estimates. The results were driven by significant year-over-year growth in both fee revenue and net interest income, along with record levels for assets under management and custody.

Key Highlights

• Total revenue for the quarter increased 17% year-over-year to $4.05 billion, driven by broad-based strength across business lines.
• Fee revenue rose 17% to $3.19 billion, supported by higher management fees (+29%) and servicing fees (+13%) from increased market levels and record asset inflows.
• Net Interest Income (NII) grew 18% year-over-year to $860 million, significantly beating expectations due to a 17 basis point expansion in Net Interest Margin.
• The company reported record quarter-end Assets under Custody/Administration (AUC/A) of $57.9 trillion and Assets under Management (AUM) of $6.3 trillion, up 18% and 23% respectively from the prior year.