State Street (STT) AGM 2026 summary

Opening remarks and agenda

• The meeting was conducted virtually, with formalities and guidelines for participation outlined at the start.

• A quorum was confirmed with over 86% of outstanding shares represented in person or by proxy.

• Shareholders were informed about the process for submitting questions and voting.

Financial performance review

• 2025 saw strong financial results, with EPS of $10.30, up 19% year-over-year, and return on tangible common equity at 20%.

• Achieved positive operating leverage for the second consecutive year and expanded pre-tax margin by over 150 basis points.

• Investment services surpassed $50 trillion in AUCA, and investment management reached $5.7 trillion in AUM.

• Record client volumes in FX trading and 15% year-over-year fee revenue growth in FX trading and securities finance.

• $2.1 billion returned to shareholders through repurchases and dividends; quarterly dividend increased by 11% to $0.84 per share.

Strategic initiatives and plans

• Advanced digital asset platform enabling tokenization for institutional investors.

• Formed a partnership and minority investment in Apex Fintech Solutions to enhance digital custody and clearing solutions.

• Launched 134 new products in 2025, with partnerships including Apollo, Bridgewater Associates, and Blackstone.

• Embedded AI-enabled capabilities and agentics across the firm to drive efficiency and operational excellence.

• Achieved $500 million in productivity savings in 2025, totaling nearly $2 billion over five years.