**State Street Corporation Reports Annual Financial Performance**
State Street Corporation (NYSE: STT) released its 10-K filing, detailing its financial performance and operational developments for the fiscal year ended December 31, 2025. The company reported total revenue of $13.94 billion, an increase of 7% compared to $13.00 billion in 2024. This growth was primarily driven by an 8% increase in total fee revenue, which reached $10.98 billion, and a 1% increase in net interest income (NII), which totaled $2.96 billion. Net income for the year was $2.94 billion, up from $2.68 billion in the previous year.
The increase in fee revenue was attributed to higher servicing fees, management fees, foreign exchange trading services revenue, and securities finance revenue, partially offset by lower other fee revenue. NII growth was primarily driven by an 11% increase in average interest-earning assets, although this was partially offset by a 10 basis point decline in the net interest margin (NIM). The company's earnings per share (EPS) reached $9.40, compared to $8.21 in 2024. The company also noted the impact of notable items, which reduced income before income tax expense by $344 million in 2025, compared to $188 million in 2024.
Operationally, State Street reported assets under custody and/or administration (AUC/A) of $53.80 trillion as of December 31, 2025, a 16% increase year-over-year, driven by higher market levels and client flows. Assets under management (AUM) also saw a significant increase, reaching $5.67 trillion, a 20% increase compared to the previous year, also driven by higher market levels and net inflows. The company highlighted new investment servicing mandates totaling approximately $2.12 trillion of AUC/A during the year. The company's employee population decreased by approximately 2% to approximately 52,000 employees, primarily driven by continued efforts to simplify operations through organization design and technology and automation efforts.
Looking ahead, State Street's capital allocation strategy remains focused on returning capital to shareholders. In 2025, the company returned approximately $2.1 billion to shareholders through common share repurchases and dividends. The company repurchased 11.5 million shares of common stock at an average price of $104.05 per share, for a total cost of $1.2 billion. The company also increased its quarterly common stock dividend by 11% in the third quarter of 2025. The company's CET1 capital ratio was 11.6% as of December 31, 2025, compared to 10.9% as of December 31, 2024, while the Tier 1 leverage ratio increased to 5.5% from 5.2% over the same period. The company's target ranges for CET1 capital and Tier 1 leverage ratios remain at 10-11% and 5.25-5.75%, respectively.
About STATE STREET CORP
State Street Corporation is a leading provider of financial services to institutional investors, offering investment servicing, markets, financing solutions, and investment management. Its core operations include custody, fund administration, risk analytics, and asset management across global markets. Serving asset managers, pension funds, insurance companies, and central banks, it leverages scale, technology, and industry expertise to support clients' investment objectives and create better outcomes for investors worldwide.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.