State Street Corporation (STT) Earnings Call Transcripts

State Street Corporation's Latest Earnings Call - Q3 FY2026

In the third quarter of 2026, State Street Corporation (STT:US) reported strong financial performance, with total revenue of $4 billion, up 13% year-over-year, and earnings per share (EPS) of $3.69, reflecting a 33% increase. The company maintained positive momentum, achieving its 11th consecutive quarter of positive operating leverage, and introduced new medium-term financial targets. Management raised guidance for fee revenue growth to 13%-14% from a previous 12%-13%, and net interest income (NII) growth expectations to 15%-16% from 14%-15%. These developments signal robust operational strength and strategic positioning, which could positively influence stock performance moving forward.

Reported metrics

Guidance from management

Management expects fee revenue growth of 13%-14% and NII growth of 15%-16% for the full year 2026, reflecting strong client activity and market conditions.

What management said

Yes. I mean I think we mentioned earlier last quarter that we had an extremely strong second quarter, and frankly, 1H overall. And so the expectation was that we would see some moderation going into the second half. So the trends there sequentially were expected. I would say, if you look at the year-over-year trends, the year-over-year trends of 17% growth in FX trading is something that's pretty attractive. And we ...

Mike, I'd add a couple of things to that. One is that we've been saying now for a long time that we want to build out both products in distribution capabilities so that we can build volumes and take market share. And I think I would urge you to focus on the volume number. Secondly, adding on to John's point there. This was mostly in the APAC region, where parts of APAC saw a record high volatility in the second quart...

What analysts pressed on

Analysts expressed concerns regarding the lower-than-expected servicing wins year-to-date, with sales tracking at $200 million against a previous target of over $350 million. There were questions about the impact of market conditions on future growth and the ability to maintain momentum in servicing fees.

Main topics on the call

• Revenue Growth — State Street achieved total revenue of $4 billion, representing a 13% increase year-over-year, driven by strong performance in core franchises. Management noted, "We generated our 11th consecutive quarter of positive yea...
• Earnings Performance — Earnings per share increased by 33% year-over-year to $3.69, supported by double-digit growth in fee revenue and net interest income. The company highlighted, "These results reflect both the strength of our franchise tod...
• Guidance Increase — Management raised its guidance for fee revenue growth to 13%-14% from 12%-13% and NII growth to 15%-16% from 14%-15%. This indicates confidence in continued strong performance, as noted by management: "We expect to deliv...
• Record Client Activity — The firm reported record quarterly servicing and management fees, with servicing fees reaching approximately $1.5 billion, up 10% year-over-year. Management stated, "We generated record FX client volumes, demonstrating o...

Read the full State Street Corporation transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 77 State Street Corporation earnings call transcripts on record, spanning January 17, 2020 to October 14, 2026. Based on this history, State Street Corporation reports quarterly. The most recent call on file is dated October 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

STT

Exchange

NYSE

Country

US

Sector

Financials

Industry

Capital Markets

Calls on record

77

First call

January 17, 2020

Most recent

October 14, 2026

Reporting cadence

quarterly