State Street Corporation
statestreet.comWhat Do They Do?
Provides custody, fund administration and trading services to asset managers, insurers and retirement plans. It also manages funds and mandates for institutional clients.
10-K for FY2025, filed Feb 19, 2026Our Investment Servicing line of business provides a broad range of investment servicing and market and financing solutions to…View ↗
Through State Street Investment Services and State Street Markets, we offer a full range of back-, middle- and front-office solutions…View ↗
Our Investment Management line of business provides a comprehensive range of investment management solutions and products for our clients…View ↗
How Do They Make Money?
Investment servicing clients pay fees for custody, administration and related services as those services are provided; investment-management clients pay fees largely tied to assets managed over time. Trading fees may be earned when trades are executed.
10-K for FY2025, filed Feb 19, 2026Revenue from contracts with customers related to servicing fees is recognized over time as our customers benefit from the custody…View ↗
Revenue from contracts with customers related to investment management, investment research and investment advisory services provided…View ↗
Foreign exchange trading services revenue includes revenue generated from providing access and use of electronic trading platforms and…View ↗
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10-K for FY2025, filed Feb 19, 2026
FY2025 revenue by reportable segment ↗
$13.9B
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10-K for FY2025, filed Feb 19, 2026
$13.9B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Investment
Servicing
Recurring
10-K for FY2025, filed Feb 19, 2026 |
81%
FY2022: 83%
|
Investment
Servicing, FY2025
$11.3B Sources
|
Recurring |
|
Investment Management
Recurring
10-K for FY2025, filed Feb 19, 2026 |
19%
FY2022: 16%
|
Investment Management, FY2025
$2.6B Sources
|
Recurring |
Who Are Their Customers?
Institutional investors—including asset managers and asset owners, insurers, and retirement plans and public institutions—use its servicing and investment-management offerings. Clients often combine services to fit their needs.
10-K for FY2025, filed Feb 19, 2026State Street Corporation is one of the world’s leading providers of financial services to institutional investors, including investment…View ↗
Our Investment Servicing line of business provides a broad range of investment servicing and market and financing solutions to…View ↗
Our investment servicing strategy is to focus on total client relationships and the full integration of our products and services across…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 21 cents of every revenue dollar as net income in FY2025 and turned 78 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Jul 30, 2026
Open tableView ↗
Growing. Revenue grew 16% in 4 years, from $12B in FY2021 to $13.9B in FY2025, about 4% a year.
Digital asset focus
The earlier report described a broader digital-asset effort that included cryptocurrency and central bank digital currencies. The latest report emphasizes tokenizing assets and providing capabilities across the asset-servicing lifecycle.
10-K for FY2022, filed Feb 16, 2023 10-K for FY2025, filed Feb 19, 2026In 2021, we established State Street Digital to focus on the development of services related to digital assets and related technologies…View ↗
As the digital asset space continues to mature, we continue to build solutions to tokenize assets. Our vision is to deliver digital asset…View ↗
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