State Street

Q2 FY2026 EarningsQ2 FY26 performance significantly exceeded consensus across all primary metrics. Diluted EPS reached $3.65, beating the $3.31 expectation by 10.27%, while total revenue of $4,048M surpassed estimates by 3.37%. Growth was primarily fueled by a 29% YoY surge in management fees and a 26% YoY increase in foreign exchange trading services. Positive operating leverage was evident as revenue grew 17% YoY against a controlled 5% expense increase, driving a substantial expansion in pre-tax margin to 34.3%.