State Street (STT) Q3 2026 Earnings Call Transcript

State Street reported third-quarter 2026 results and outlined the drivers behind revenue, earnings, and capital return during an earnings call transcript. Total revenue rose to $4.0 billion, up 13% year over year, supported by higher fee revenue and net interest income. Non-GAAP EPS was $3.69, up 33%, with net interest margin expanding to 1.12% (+16 bps). Net interest income climbed 21% to $864 million. Total fee revenue reached $3.14 billion (+11%), including record servicing and management fees—servicing fees totaled $1.49 billion and management fees $797 million. Assets under custody hit $59.2 trillion (+15%), while assets under management rose to $6.3 trillion (+16%). The firm returned $651 million in capital, including $400 million in share repurchases and $251 million in dividends.