STATE STREET CORP Earnings Summary — Q2 FY2026

• Achieved record total quarterly revenues of $4.0 billion, a 17% increase year-over-year.
• Reported record record AUC/A of $57.9 trillion (up 18% YoY) and record AUM of $6.3 trillion (up 23% YoY).
• Net interest income (NII) surged 18% YoY to $860 million, driven by a 17 basis point expansion in Net Interest Margin (NIM).
• Positive operating leverage of 1,226 bps achieved, marking the tenth consecutive quarter of positive operating leverage excluding notable items.
• Management declared a 10% increase to the common stock dividend for Q3 2026 following Federal Reserve stress test results.
• Integrated liquidity and financing solutions drove record FX client trading volumes, which rose 25% year-over-year.
• Returned $631 million to shareholders in Q2 via $400 million in share repurchases and $231 million in dividends.

Management is entering a new phase of growth defined by new medium-term financial targets. Confidence is underpinned by scaled global franchises, AI-enabled transformation initiatives (AgenTeq platform), and the 'One State Street' value proposition.

Improving

The transition from Q1 to Q2 reflects significant margin expansion (up 8.8 points QoQ) and the total absence of notable items that weighed on Q1 results.

The company expects to deliver sustainable growth through modernized technology and AI-enabled software services, aiming for new medium-term targets that will be detailed further in investor updates.