v3.25.2
Line of Business Information - Summary of Line of Business (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Servicing fees $ 1,304 $ 1,239 $ 2,579 $ 2,467
Management fees 562 511 1,124 1,021
Foreign exchange trading services 431 336 793 667
Securities finance 126 108 240 204
Software and processing fees 230 214 455 421
Other fee revenue 66 48 98 98
Total fee revenue 2,719 2,456 5,289 4,878
Net interest income 729 735 1,443 1,451
Total revenue 3,448 3,191 6,732 6,329
Provision for credit losses 30 10 42 37
Compensation and employee benefits expenses 1,280 1,099 2,542 2,351
Information systems and communications 523 454 1,020 886
Transaction processing services 260 250 518 498
Other 466 466 899 1,047
Total expenses 2,529 2,269 4,979 4,782
Income before income tax expense $ 889 $ 912 $ 1,711 $ 1,510
Pre-tax margin 25.80% 28.60% 25.40% 23.90%
Average assets (in billions) $ 353,800 $ 306,300 $ 345,500 $ 304,400
Operating Segments | Investment Servicing        
Segment Reporting Information [Line Items]        
Servicing fees 1,304 1,239 2,579 2,467
Management fees 0 0 0 0
Foreign exchange trading services 390 304 727 612
Securities finance 119 101 227 191
Software and processing fees 254 214 479 421
Other fee revenue 51 36 85 79
Total fee revenue 2,118 1,894 4,097 3,770
Net interest income 726 730 1,435 1,441
Total revenue 2,844 2,624 5,532 5,211
Provision for credit losses 30 10 42 37
Compensation and employee benefits expenses 1,033 970 2,135 2,068
Information systems and communications 481 436 958 853
Transaction processing services 221 206 438 413
Other 260 268 483 509
Total expenses 1,995 1,880 4,014 3,843
Income before income tax expense $ 819 $ 734 $ 1,476 $ 1,331
Pre-tax margin 28.80% 28.00% 26.70% 25.50%
Average assets (in billions) $ 350,400 $ 303,300 $ 342,100 $ 301,300
Operating Segments | Investment Management        
Segment Reporting Information [Line Items]        
Servicing fees 0 0 0 0
Management fees 562 511 1,124 1,021
Foreign exchange trading services 38 32 63 55
Securities finance 7 7 13 13
Software and processing fees 0 0 0 0
Other fee revenue 15 12 13 19
Total fee revenue 622 562 1,213 1,108
Net interest income 3 5 8 10
Total revenue 625 567 1,221 1,118
Provision for credit losses 0 0 0 0
Compensation and employee benefits expenses 147 129 307 283
Information systems and communications 24 18 44 33
Transaction processing services 39 44 80 85
Other 207 197 417 407
Total expenses 417 388 848 808
Income before income tax expense $ 208 $ 179 $ 373 $ 310
Pre-tax margin 33.30% 31.60% 30.50% 27.70%
Average assets (in billions) $ 3,400 $ 3,000 $ 3,400 $ 3,100
Other        
Segment Reporting Information [Line Items]        
Servicing fees 0 0 0 0
Management fees 0 0 0 0
Foreign exchange trading services 3 0 3 0
Securities finance 0 0 0 0
Software and processing fees (24) 0 (24) 0
Other fee revenue 0 0 0 0
Total fee revenue (21) 0 (21) 0
Net interest income 0 0 0 0
Total revenue (21) 0 (21) 0
Provision for credit losses 0 0 0 0
Compensation and employee benefits expenses 100 0 100 0
Information systems and communications 18 0 18 0
Transaction processing services 0 0 0 0
Other (1) 1 (1) 131
Total expenses 117 1 117 131
Income before income tax expense $ (138) $ (1) $ (138) $ (131)