By quarter-end, investment servicing assets reached $54.5tn, up 17%, while investment management assets grew 20% to $5.6tn.

State Street posted first-quarter 2026 net profit of $764m, compared with $644m in the same period last year, marking a 19% increase. 

Diluted earnings per share came to $2.49, up from $2.04 a year earlier, an increase of 22%. 

Revenue for the quarter rose 16% year-on-year to $3.7bn.   

The increase was attributed to stronger fee income, higher net interest income and currency translation effects. 

By the end of the quarter, investment servicing assets under custody and/or administration reached $54.5tn, up 17% from a year earlier, supported by market movements, flows and net new business. 

Investment management assets under management totalled $5.6tn at quarter-end, an increase of 20%, driven chiefly by stronger markets and net inflows. 

New servicing fee revenue wins in 1Q26 were $56m, led mainly by back-office activity and alternatives, including private markets and hedge funds.

New servicing assets under custody and/or administration wins were $365bn, with asset managers accounting for most of the total. 

At quarter-end, servicing fee revenue of $315m remained to be installed in future periods, along with $2.7tn of assets under custody and/or administration.