State Street reports $4B revenue for Q3 2026

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For the quarterly period ended June September 30, 2026

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The number of shares of the registrant s common stock outstanding as of July 28, October 26, 2026 was 274,701,765 272,078,043 .

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MD&A 64 changes

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Three Months Ended June September 30,

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Interest-bearing deposits with banks $ 103,683 $ 746 2.89 % $ 98,321 $ 792 3.23 %

Interest-bearing deposits with banks $ 100,858 $ 748 2.94 % $ 88,130 $ 671 3.03 %

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Trading account assets 845 2 0.80 791 0.06

Trading account assets 897 1 0.65 806 2 0.90

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Investment securities available-for-sale 72,810 739 4.06 67,718 753 4.45

Investment securities held-to-maturity 35,820 200 2.24 44,365 234 2.11

Total Investment securities 108,630 939 3.46 112,083 987 3.52

Investment securities available-for-sale 73,680 763 4.14 69,898 775 4.43

Investment securities held-to-maturity 34,599 193 2.24 41,923 226 2.15

Total Investment securities 108,279 956 3.53 111,821 1,001 3.58

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Average total interest-earning assets $ 305,406 $ 2,843 3.73 $ 304,648 $ 3,055 4.02

Average total interest-earning assets $ 305,120 $ 2,916 3.79 $ 295,457 $ 2,919 3.92

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Non-U.S. 79,103 300 1.52 76,807 297 1.55

Non-U.S. 77,240 293 1.51 73,428 276 1.49

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Securities sold under repurchase agreements 256 1 2.23 3,160 35 4.42

Other short-term borrowings 4,179 40 3.78 10,179 114 4.51

Long-term debt 25,912 296 4.57 25,864 322 4.98

Securities sold under repurchase agreements 487 4 2.89 1,002 8 3.44

Other short-term borrowings 1,906 18 3.81 10,069 124 4.88

Long-term debt 25,598 297 4.64 25,273 311 4.93

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Average total interest-bearing liabilities $ 276,574 $ 1,983 2.88 $ 279,323 $ 2,326 3.34

Six Months Ended June 30,

Average total interest-bearing liabilities $ 274,957 $ 2,052 2.96 $ 270,349 $ 2,203 3.23

Interest rate spread 0.86 0.83 % 0.68 0.69 %

Net interest income, fully taxable-equivalent basis $ 860 864 $ 729 716

Net interest margin, fully taxable-equivalent basis 1.13 1.12 % 0.96 %

Tax-equivalent adjustment (1)

Net interest income, GAAP basis $ 860 864 $ 729 715

Nine Months Ended September 30,

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Interest-bearing deposits with banks $ 102,032 $ 1,442 2.85 % $ 95,565 $ 1,561 3.29 %

Interest-bearing deposits with banks $ 101,636 $ 2,190 2.88 % $ 93,060 $ 2,232 3.21 %

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Trading account assets 841 3 0.76 773 0.11

Trading account assets 860 5 0.72 784 2 0.38

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Investment securities available-for-sale 71,344 1,445 4.05 65,585 1,477 4.50

Investment securities held-to-maturity 36,553 408 2.23 45,497 475 2.09

Total Investment securities 107,897 1,853 3.43 111,082 1,952 3.52

Investment securities available-for-sale 72,131 2,208 4.08 67,039 2,252 4.48

Investment securities held-to-maturity 35,895 601 2.23 44,293 701 2.11

Total Investment securities 108,026 2,809 3.47 111,332 2,953 3.54

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Average total interest-earning assets $ 299,294 $ 5,494 3.70 $ 297,123 $ 5,977 4.06

Average total interest-earning assets $ 301,257 $ 8,410 3.73 $ 296,562 $ 8,896 4.01

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Non-U.S. 76,547 544 1.43 70,278 514 1.48

Non-U.S. 76,781 837 1.46 71,340 791 1.48

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Securities sold under repurchase agreements 264 3 2.54 3,841 86 4.49

Other short-term borrowings 4,019 78 3.91 11,009 250 4.58

Long-term debt 25,586 582 4.55 24,809 619 4.99

Securities sold under repurchase agreements 339 7 2.71 2,884 94 4.37

Other short-term borrowings 3,307 96 3.89 10,692 374 4.67

Long-term debt 25,590 879 4.58 24,965 930 4.97

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Average total interest-bearing liabilities $ 269,472 $ 3,799 2.84 $ 271,570 $ 4,534 3.37

Average total interest-bearing liabilities $ 271,320 $ 5,851 2.88 $ 271,159 $ 6,737 3.32

Interest rate spread 0.86 0.85 % 0.69 %

Net interest income, fully taxable-equivalent basis $ 1,695 2,559 $ 1,443 2,159

Net interest margin, fully taxable-equivalent basis 1.14 % 0.98 0.97 %

Tax-equivalent adjustment (1)

Net interest income, GAAP basis $ 1,695 2,559 $ 1,443 2,158

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(2) Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $215.77 $198.35 billion and $222.03 $214.05 billion for the three and six nine months ended June September 30, 2026, respectively, compared to $252.79 $251.21 billion and $242.69 $245.56 billion for the same periods of 2025. Excluding the impact of netting, the average interest rates would be approximately 0.27% for both the three and six nine months ended June September 30, 2026, compared to 0.27% 0.26% and 0.28% 0.27% for the same periods of 2025.

(3) Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $49.92 $50.20 billion and $49.17 $49.52 billion for the three and six nine months ended June September 30, 2026, respectively, compared to $45.11 $46.32 billion and $44.34 $45.01 billion for the same periods of 2025.

(4) Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $13.45 $16.19 billion and $12.19 $13.54 billion for the three and six nine months ended June September 30, 2026, respectively, compared to $9.54 $6.01 billion and $9.41 $8.26 billion for the same periods of 2025. Excluding the impact of netting, the average interest rates would be approximately 3.59% 3.62% and 3.60% for both the three and six nine months ended June September 30, 2026, respectively, compared to 4.33% 4.27% and 4.31% for the same periods of 2025.

(5) Average rate includes the impact of FX swap costs of approximately $(4) $(20) million and $(33) $(53) million for the three and six nine months ended June September 30, 2026, respectively, compared to $(42) $(31) million and $(125) $(155) million for the same periods of 2025. Average rates for total interest-bearing deposits excluding the impact of FX swap costs were 2.46% 2.53% and 2.48% for both the three and six nine months ended June September 30, 2026, respectively, compared to 2.94% 2.91% and 3.00% 2.97% for the same periods of 2025.

(6) Total deposits averag e d $270.35 averaged $271.12 billion and $264.25 $266.57 billion for the three and six nine months ended June September 30, 2026, respectively, compared to $260.75 $254.51 billion and $251.94 $252.81 billion for the same periods of 2025.

(7) Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $13.02 $16.02 billion and $11.82 $13.23 billion for the three and six nine months ended June September 30, 2026, respectively, compared to $9.82 $5.69 billion and $9.14 $7.98 billion for the same periods of 2025. Excluding the impact of netting, the average interest rates would be approximately 3.77% 4.02% and 3.74% 3.85% for the three and six nine months ended June September 30, 2026, respectively, compared to 4.87% 4.30% and 4.74% 4.63% for the same periods of 2025.

State Street Corporation | 15 16

Controls and procedures 3 changes

We have established and maintain disclosure controls and procedures that are designed to ensure that information related to us and our subsidiaries on a consolidated basis required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. For the quarter ended June September 30, 2026, our management carried out an evaluation, with the participation of the Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the evaluation of these disclosure controls and procedures, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of June September 30, 2026.

We have established and maintain internal control over financial reporting as a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in conformity with U.S. GAAP. In the ordinary course of business, we routinely enhance our internal controls and procedures for financial reporting by either upgrading our current systems or implementing new systems. Changes have been made and may be made to our internal controls and procedures for financial reporting as a result of these efforts. During the quarter ended June September 30, 2026, no change occurred in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

State Street Corporation | 44 43

Financial statements 892 changes

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Three Months Ended June 30, Six Months Ended June 30,

Servicing fees $ 1,468 $ 1,304 $ 2,877 $ 2,579

Management fees 772 600 1,496 1,187

Foreign exchange trading services 494 393 929 730

Securities finance 150 126 266 240

Other fee revenue 138 127 245 226

Total fee revenue 3,188 2,719 6,148 5,289

Three Months Ended September 30, Nine Months Ended September 30, (Dollars in millions, except per share amounts) 2026 2025 2026 2025

Servicing fees $ 1,492 $ 1,357 $ 4,369 $ 3,936

Management fees 797 664 2,293 1,851

Foreign exchange trading services 427 364 1,356 1,094

Securities finance 151 138 417 378

Other fee revenue 98 139 343 365

Total fee revenue 3,140 2,829 9,288 8,118

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Interest income 2,843 3,055 5,494 5,977

Interest expense 1,983 2,326 3,799 4,534

Net interest income 860 729 1,695 1,443

Total revenue 4,048 3,448 7,844 6,732

Compensation and employee benefits 1,292 1,280 2,733 2,542

Information systems and communications 589 523 1,226 1,020

Transaction processing services 280 260 563 518

Occupancy 96 105 197 208

Other 402 361 751 691

Total expenses 2,659 2,529 5,470 4,979

Income before income tax expense 1,389 889 2,358 1,711

Income tax expense 305 196 510 374

Net income $ 1,084 $ 693 $ 1,848 $ 1,337

Interest income 2,916 2,918 8,410 8,895

Interest expense 2,052 2,203 5,851 6,737

Net interest income 864 715 2,559 2,158

Gains (losses) from sales of available-for-sale securities, net 1 1 1

Total revenue 4,004 3,545 11,848 10,277

Provision for credit losses 30 16 42 ( 4 ) 9 12 51

Compensation and employee benefits 1,251 1,162 3,984 3,704

Information systems and communications 594 517 1,820 1,537

Transaction processing services 286 276 849 794

Occupancy 102 106 299 314

Other 387 373 1,138 1,064

Total expenses 2,620 2,434 8,090 7,413

Income before income tax expense 1,388 1,102 3,746 2,813

Income tax expense 298 241 808 615

Net income $ 1,090 $ 861 $ 2,938 $ 2,198

Net income available to common shareholders $ 1,026 1,030 $ 630 802 $ 1,731 2,761 $ 1,227 2,029

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Basic $ 3.71 $ 2.20 $ 6.24 $ 4.27

Diluted 3.65 2.17 6.14 4.21

Basic $ 3.76 $ 2.83 $ 9.99 $ 7.09

Diluted 3.69 2.78 9.82 6.98

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Basic 276,150 286,281 277,286 287,415

Diluted 281,062 290,490 281,963 291,596

Basic 274,182 283,434 276,240 286,074

Diluted 279,292 288,163 281,063 290,439

Cash dividends declared per common share $ 0.84 0.92 $ 0.76 0.84 $ 1.68 2.60 $ 1.52 2.36

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State Street Corporation | 45 44

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Three Months Ended June September 30,

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Net income $ 1,084 1,090 $ 693 861

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Other comprehensive income 104 471

Total comprehensive income $ 1,188 $ 1,164

Six Months Ended June 30,

Foreign currency translation, net of related taxes of $ 30 22 and $ 150 22 , respectively

Net unrealized (losses) gains on investment securities, net of reclassification adjustment and net of related taxes of $( 30 153 ) and $ 26 29 , respectively ( 444 ) 100

Net unrealized (losses) gains on cash flow hedges, net of related taxes of $( 7 ) and $ 12 3 , respectively ( 12 ) 17

Net unrealized (losses) gains on retirement plans, net of related taxes of $ 1 ) 0 and $ 0 , respectively ( 2 1 ) 1

Other comprehensive (loss) income ( 446 ) 149

Total comprehensive income $ 644 $ 1,010

Nine Months Ended September 30,

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Net income $ 1,848 $ 1,337

Net income $ 2,938 $ 2,198

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Foreign currency translation, net of related taxes of $ 60 82 and $( 228 206 ), respectively ( 90 79 ) 538 569

Net unrealized (losses) gains on investment securities, net of reclassification adjustment and net of related taxes of $( 24 177 ) and $ 67 96 , respectively ( 59 503 ) 175 275

Net unrealized gains on cash flow hedges, net of related taxes of $( 1 6 ) and $ 22 25 , respectively

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Other comprehensive (loss) income ( 135 581 ) 779 928

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State Street Corporation | 46 45

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June September 30, 2026 December 31, 2025

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Cash and due from banks $ 4,290 4,796 $ 4,433

Interest-bearing deposits with banks 145,223 138,426 126,930

Securities purchased under resale agreements 9,035 7,222 6,812

Trading account assets 856 852 827

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Other assets 81,846 58,468

Total assets $ 418,381 $ 366,047

Total deposits 319,547 274,350

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and 812 more changes in the filing

Unregistered sales of stock 10 changes

On January 19, 2024, we announced a common share repurchase program, approved by the Board and superseding all prior programs, authorizing the purchase of up to $5.0 billion of our common stock beginning in the first quarter of 2024. We repurchased $400 million of our common stock in the second third quarter of 2026 under our 2024 share repurchase authorization.

The following table presents the activity under our common share repurchase program for each of the months in the quarter ended June September 30, 2026.

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April 1 - April 30, 2026 266 $ 151.98 266 $ 2,060

May 1 - May 31, 2026 962 153.71 962 1,912

June 1 - June 30, 2026 1,278 165.68 1,278 1,700

Total 2,506 $ 159.63 2,506 $ 1,700

July 1 - July 31, 2026 79 $ 181.25 79 $ 1,686

August 1 - August 31, 2026 777 190.24 777 1,538

September 1 - September 30, 2026 1,274 186.76 1,274 1,300

Total 2,130 $ 187.83 2,130 $ 1,300

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Other information 9 changes

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The following table describes contracts, instructions or written plans for the sale or purchase of our securities adopted by executive officers during the third quarter of 2026, which are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), referred to as a Rule 10b5-1 trading plan.

Date of Adoption of Rule 10b5-1 Trading Plan

Scheduled Expiration Date of Rule 10b5-1 Trading Plan (1)

Aggregate Number of Securities to Be Purchased or Sold

Executive Vice President

8/7/2026 12/11/2026 Sale of up to 12,874 shares of common stock in transactions during 2026

Chairman, Chief Executive Officer and President

8/14/2026 12/31/2027 Sale of up to 129,604 shares of common stock in transactions during 2027 (1) A trading plan may also expire on such earlier date as all transactions under the trading plan are completed.

During the second third quarter of 2026, none of our other executive officers or directors adopted a Rule 10b5-1 trading plan, and none of our executive officers or directors terminated a Rule 10b5-1 trading plan or adopted or terminated a non-Rule 10b5-1 trading arrangement (as defined in Item 408(c) of Regulation S-K).

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Exhibits 10 changes

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Employment Letter Agreement entered into with Moulay Mostapha Tahiri dated May 18, 2026

Restated Articles of Organization, as amended

Deposit Agreement, dated August 12, 2026, among State Street Corporation, Equiniti Trust Company, LLC (as depositary) and the holders from time to time of depositary receipts evidencing the Depositary Shares (filed as Exhibit 4.3 to State Street's Current Report on Form 8-K (File No. 001-07511), filed with the SEC on August 12, 2026 )

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Attached as Exhibit 101 to this report are the following formatted in Inline XBRL (Extensible Business Reporting Language): (i) consolidated statement of income for the three and six nine months ended June September 30, 2026 and 2025, (ii) consolidated statement of comprehensive income for the three and six nine months ended June September 30, 2026 and 2025, (iii) consolidated statement of condition as of June September 30, 2026 and December 31, 2025, (iv) consolidated statement of changes in shareholders' equity for the three and six nine months ended June September 30, 2026 and 2025, (v) consolidated statement of cash flows for the six nine months ended June September 30, 2026 and 2025, and (vi) condensed notes to consolidated financial statements.

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Date: July 30, October 28, 2026 By: /s/ John F. Woods

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Date: July 30, 2026 By: /s/ ELIZABETH M. SCHAEFER

Elizabeth M. Schaefer,

Senior Vice President, Chief Accounting Officer and Interim Controller (Principal Accounting Officer)

Date: October 28, 2026 By: /s/ C. Jack Read

Executive Vice President, Global Controller and Chief Accounting Officer (Principal Accounting Officer)

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