State Street Corporation reported second-quarter 2026 earnings per share of $3.65, up from $2.17 a year earlier, driven by record quarterly fee revenue and net interest income that pushed total revenue to an all-time high of $4 billion. Excluding prior-year notable items, earnings grew 44% year-over-year, with servicing fees up 13% to $1.5 billion, management fees up 29% to $772 million, and FX trading services revenue up 27% to $494 million. The company raised its full-year 2026 outlook, now expecting fee revenue growth of 12% to 13% and net interest income growth of 14% to 15%, and announced new medium-term financial targets including a pretax margin of 35% and a return on tangible common equity in the mid-20s over the cycle. State Street also declared a 10% increase in its quarterly common stock dividend to $0.92 per share beginning in the third quarter, and outlined a $1 billion transformation program by 2029, with approximately 75% driven by expense productivity and 25% from revenue.
State Street CorpRecord Q2 revenue and earnings beat, raised 2026 outlook, new medium-term targets, and dividend increase.