State Street Corporation (STT) Earnings Call Transcripts

State Street Corporation's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, State Street Corporation (STT:US) reported a significant earnings increase, with EPS rising to $3.65 from $2.17 in the same quarter last year, marking a 44% year-over-year growth. Total revenue reached a record $4 billion, up 17% year-over-year, driven by strong performance across investment services and management fees. Management raised its full-year guidance for fee revenue growth to 12%-13% from a previous estimate of 7%-9%, signaling confidence in continued momentum and operational efficiency improvements.

Reported metrics

Guidance from management

Management expects fee revenue growth of 12%-13% and net interest income growth of 14%-15% for the full year 2026, reflecting strong client activity and improved market conditions. Expenses are anticipated to increase by roughly 8%, up from prior guidance of 5%-6%.

What management said

Yes, sure. I'd add 2 points there. One is we -- on the $1 billion transformation program, that is explicitly tied to achieving that by 2029. So that's sort of earlier than the 3 to 5, I would say. So that's by 2029. So that's more in the 3-year range early end of it. With respect to the targets overall, so I think we like to talk about the medium-term meeting 3 to 5 but that 100 to 150 basis point positive operating ...

Yes. So I mean we're -- as I think you know the franchise is growing, and the fastest-growing part of that is the well side of it. So we clearly are in dialogue with all these distributors. We work with all of them. There's long-term partnerships here. with them. In many cases, not only are they our distributor, but we serve them in other ways and they serve us in other ways. So these are -- virtually all these distr...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of the recent growth rates and whether the company can maintain its positive operating leverage amid potential market fluctuations. There were also questions about the impact of technology investments on future profitability and whether pricing pressures could emerge as AI efficiencies are realized.

Main topics on the call

• Record Revenue Growth — State Street achieved record total revenue of $4 billion in Q2 2026, a 17% increase year-over-year, driven by strong fee revenue of $3.2 billion and net interest income of $860 million. Management stated, "These results ...
• Increased EPS — The company reported EPS of $3.65, up 44% year-over-year, reflecting strong operational performance. This significant increase was attributed to record quarterly fee revenue and net interest income, which drove profitabi...
• Raised Full-Year Guidance — Management raised its fee revenue growth outlook for the full year to 12%-13%, up from 7%-9%, indicating stronger-than-expected client activity and market conditions. This adjustment reflects the company's confidence in ...
• Strategic Growth Initiatives — State Street outlined three key strategic pillars for growth: enhancing core businesses, focusing on alternatives and digital assets, and leveraging technology for operational efficiency. CEO Ron O'Hanley emphasized, "Th...

Read the full State Street Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 75 State Street Corporation earnings call transcripts on record, spanning January 17, 2020 to July 16, 2026. Based on this history, State Street Corporation reports quarterly. The most recent call on file is dated July 16, 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

75

First call

January 17, 2020

Most recent

July 16, 2026

Reporting cadence

quarterly