State Street posts Q3 revenue miss, raises full-year guidance
State Street reported Q3 2026 revenue of $4.00B, up 13% year over year but below the $4.04B consensus, while GAAP EPS was $3.69. The company raised full-year 2026 fee revenue growth guidance to 13% to 14% from 12% to 13% and net interest income growth guidance to 15% to 16% from 14% to 15%. Shares fell in premarket trading after the release despite the earnings result and higher guidance.
Why it matters
The revenue shortfall puts pressure on investor expectations even as State Street raised key full-year growth targets. The reported premarket decline indicates that the revenue miss outweighed the earnings performance for investors at that point in trading.
Key facts
- 1Assets under custody and administration reached $59.2 trillion, up 15% year over year. uk.investing.com
- 2Assets under management reached $6.3 trillion, up 16% year over year. uk.investing.com
- 3Net interest income increased 21% year over year to $864 million. uk.investing.com
- 4State Street kept expense growth guidance at about 8% to 8.5%. uk.investing.com
Open questions
- Reports give different premarket share-price declines, so the exact size of the initial market reaction is unclear.
Summary written by AlphAI AI Desk from 12 of 12 sources. Not investment advice. Figures are as stated by the linked sources.