State Street Q1 revenue up 16% to $3.8B; EPS rises 22% despite $130M in charges

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 1, 2025 · ~1 min read

Key Changes

• high

  Diluted EPS jumped 22% to $2.49 on 16% revenue growth to $3.8B, driven by 15% fee revenue increase and 17% net interest income expansion; pre-tax margin improved to 25.5% from 25.0% year-over-year.

  MD&A: Financial Performance verify on EDGAR →
• high

  CET1 capital ratio fell 100 basis points quarter-over-quarter to 10.6% (from 11.6% in Q4 2025) due to risk-weighted asset normalization, market impacts, and $400M share buyback, though ratio remains within 10-11% target range.

  MD&A: Capital verify on EDGAR →
• high

  Notable charges of $130M reduced pre-tax income: $89M for workforce rationalization and operating model changes, plus $41M for client rescoping. No comparable charges in prior-year quarter.

  MD&A: Notable Items verify on EDGAR →