State Street Corporation reported its financial results for the third quarter of 2025, revealing a total revenue of $3.545 billion, an increase of 9% compared to $3.259 billion in the same period of 2024. The growth was primarily driven by an 8% rise in total fee revenue, which reached $2.829 billion, bolstered by higher servicing and management fees. Net income for the quarter was $861 million, reflecting an 18% increase from $730 million a year earlier, while earnings per share rose to $2.78, up 23% from $2.26 in the prior year.
In terms of operational metrics, State Street's assets under custody and administration (AUC/A) reached $51.66 trillion, a 10% increase year-over-year, attributed to higher market levels and client flows. The company also reported assets under management (AUM) of $5.45 trillion, marking a 15% increase from the previous year. The firm’s total expenses for the quarter were $2.434 billion, up 5% from $2.308 billion in the third quarter of 2024, largely due to investments in technology and business capabilities.
Strategically, State Street has continued to focus on enhancing its service offerings, particularly through its State Street Alpha platform, which integrates various investment management and servicing solutions. The company announced that newly announced asset servicing mandates totaled approximately $361 billion of AUC/A in the third quarter, with $3.6 trillion of servicing assets remaining to be installed in future periods. Additionally, the firm returned $637 million to shareholders through common stock repurchases and dividends during the quarter.
The filing also highlighted a provision for credit losses of $9 million, a decrease from $26 million in the same quarter last year, reflecting a more stable macroeconomic environment. The company’s total assets as of September 30, 2025, stood at $371.07 billion, with total deposits of $280 billion and shareholders' equity of $27.64 billion. State Street's capital ratios remained strong, with a common equity tier 1 (CET1) capital ratio of 11.3%, up from 10.9% at the end of 2024.
Looking ahead, State Street anticipates continued growth in its revenue streams, driven by ongoing investments in technology and an expanding client base. The company remains focused on managing its capital effectively while navigating the evolving regulatory landscape and market conditions.
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.
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