v3.25.3
Line of Business Information - Summary of Line of Business (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting Information [Line Items]        
Servicing fees $ 1,357 $ 1,266 $ 3,936 $ 3,733
Management fees 612 527 1,736 1,548
Foreign exchange trading services 416 374 1,209 1,041
Securities finance 138 116 378 320
Software and processing fees 227 208 682 629
Other fee revenue 79 125 177 223
Total fee revenue 2,829 2,616 8,118 7,494
Net interest income 715 723 2,158 2,174
Total other income (loss) 1 (80) 1 (80)
Total revenue 3,545 3,259 10,277 9,588
Provision for credit losses 9 26 51 63
Compensation and employee benefits expenses 1,162 1,134 3,704 3,485
Information systems and communications 517 463 1,537 1,349
Transaction processing services 276 255 794 753
Other 479 456 1,378 1,503
Total expenses 2,434 2,308 7,413 7,090
Income before income tax expense $ 1,102 $ 925 $ 2,813 $ 2,435
Pre-tax margin 31.10% 28.40% 27.40% 25.40%
Average assets (in billions) $ 340,500 $ 314,600 $ 343,900 $ 306,500
Operating Segments | Investment Servicing        
Segment Reporting Information [Line Items]        
Servicing fees 1,357 1,266 3,936 3,733
Management fees 0 0 0 0
Foreign exchange trading services 364 312 1,091 924
Securities finance 133 111 360 302
Software and processing fees 227 208 706 629
Other fee revenue 68 48 153 127
Total fee revenue 2,149 1,945 6,246 5,715
Net interest income 711 716 2,146 2,157
Total other income (loss) 1 1 1 1
Total revenue 2,861 2,662 8,393 7,873
Provision for credit losses 9 26 51 63
Compensation and employee benefits expenses 1,018 997 3,154 3,065
Information systems and communications 495 439 1,452 1,292
Transaction processing services 229 211 667 624
Other 252 244 735 753
Total expenses 1,994 1,891 6,008 5,734
Income before income tax expense $ 858 $ 745 $ 2,334 $ 2,076
Pre-tax margin 30.00% 28.00% 27.80% 26.40%
Average assets (in billions) $ 336,900 $ 311,400 $ 340,400 $ 303,400
Operating Segments | Investment Management        
Segment Reporting Information [Line Items]        
Servicing fees 0 0 0 0
Management fees 612 527 1,736 1,548
Foreign exchange trading services 52 47 115 102
Securities finance 5 5 18 18
Software and processing fees 0 0 0 0
Other fee revenue 11 11 24 30
Total fee revenue 680 590 1,893 1,698
Net interest income 4 7 12 17
Total other income (loss) 0 0 0 0
Total revenue 684 597 1,905 1,715
Provision for credit losses 0 0 0 0
Compensation and employee benefits expenses 144 137 450 420
Information systems and communications 22 24 67 57
Transaction processing services 47 44 127 129
Other 227 212 644 619
Total expenses 440 417 1,288 1,225
Income before income tax expense $ 244 $ 180 $ 617 $ 490
Pre-tax margin 35.70% 30.20% 32.40% 28.60%
Average assets (in billions) $ 3,600 $ 3,200 $ 3,500 $ 3,100
Other        
Segment Reporting Information [Line Items]        
Servicing fees 0 0 0 0
Management fees 0 0 0 0
Foreign exchange trading services 0 15 3 15
Securities finance 0 0 0 0
Software and processing fees 0 0 (24) 0
Other fee revenue 0 66 0 66
Total fee revenue 0 81 (21) 81
Net interest income 0 0 0 0
Total other income (loss) 0 (81) 0 (81)
Total revenue 0 0 (21) 0
Provision for credit losses 0 0 0 0
Compensation and employee benefits expenses 0 0 100 0
Information systems and communications 0 0 18 0
Transaction processing services 0 0 0 0
Other 0 0 (1) 131
Total expenses 0 0 117 131
Income before income tax expense $ 0 $ 0 $ (138) $ (131)