v3.26.1
Line of Business Information - Summary of Line of Business (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Servicing fees $ 1,468,000,000 $ 1,304,000,000 $ 2,877,000,000 $ 2,579,000,000
Management fees 772,000,000 600,000,000 1,496,000,000 1,187,000,000
Foreign exchange trading services 494,000,000 393,000,000 929,000,000 730,000,000
Securities finance 150,000,000 126,000,000 266,000,000 240,000,000
Software services 166,000,000 169,000,000 335,000,000 327,000,000
Other fee revenue 138,000,000 127,000,000 245,000,000 226,000,000
Total fee revenue 3,188,000,000 2,719,000,000 6,148,000,000 5,289,000,000
Net interest income 860,000,000 729,000,000 1,695,000,000 1,443,000,000
Total other income 0 0 1,000,000 0
Total revenue 4,048,000,000 3,448,000,000 7,844,000,000 6,732,000,000
Provision for credit losses 0 30,000,000 16,000,000 42,000,000
Compensation and employee benefits expenses 1,292,000,000 1,280,000,000 2,733,000,000 2,542,000,000
Information systems and communications 589,000,000 523,000,000 1,226,000,000 1,020,000,000
Transaction processing services 280,000,000 260,000,000 563,000,000 518,000,000
Other 498,000,000 466,000,000 948,000,000 899,000,000
Total expenses 2,659,000,000 2,529,000,000 5,470,000,000 4,979,000,000
Income before income tax expense $ 1,389,000,000 $ 889,000,000 $ 2,358,000,000 $ 1,711,000,000
Pre-tax margin 34.00% 26.00% 30.00% 25.00%
Average assets (in billions) $ 366,800,000,000 $ 353,800,000,000 $ 359,300,000,000 $ 345,500,000,000
Operating Segments | Investment Servicing        
Segment Reporting [Line Items]        
Servicing fees 1,468,000,000 1,304,000,000 2,877,000,000 2,579,000,000
Management fees 0 0 0 0
Foreign exchange trading services 491,000,000 390,000,000 923,000,000 727,000,000
Securities finance 140,000,000 119,000,000 250,000,000 227,000,000
Software services 166,000,000 193,000,000 335,000,000 351,000,000
Other fee revenue 117,000,000 112,000,000 219,000,000 213,000,000
Total fee revenue 2,382,000,000 2,118,000,000 4,604,000,000 4,097,000,000
Net interest income 860,000,000 726,000,000 1,692,000,000 1,435,000,000
Total other income 0 0 1,000,000 0
Total revenue 3,242,000,000 2,844,000,000 6,297,000,000 5,532,000,000
Provision for credit losses 0 30,000,000 16,000,000 42,000,000
Compensation and employee benefits expenses 1,127,000,000 1,033,000,000 2,314,000,000 2,135,000,000
Information systems and communications 566,000,000 481,000,000 1,124,000,000 958,000,000
Transaction processing services 228,000,000 221,000,000 458,000,000 438,000,000
Other 241,000,000 260,000,000 455,000,000 483,000,000
Total expenses 2,162,000,000 1,995,000,000 4,351,000,000 4,014,000,000
Income before income tax expense $ 1,080,000,000 $ 819,000,000 $ 1,930,000,000 $ 1,476,000,000
Pre-tax margin 33.00% 29.00% 31.00% 27.00%
Average assets (in billions) $ 362,800,000,000 $ 350,400,000,000 $ 355,400,000,000 $ 342,100,000,000
Operating Segments | Investment Management        
Segment Reporting [Line Items]        
Servicing fees 0 0 0 0
Management fees 772,000,000 600,000,000 1,496,000,000 1,187,000,000
Foreign exchange trading services 3,000,000 0 6,000,000 0
Securities finance 10,000,000 7,000,000 16,000,000 13,000,000
Software services 0 0 0 0
Other fee revenue 21,000,000 15,000,000 26,000,000 13,000,000
Total fee revenue 806,000,000 622,000,000 1,544,000,000 1,213,000,000
Net interest income 0 3,000,000 3,000,000 8,000,000
Total other income 0 0 0 0
Total revenue 806,000,000 625,000,000 1,547,000,000 1,221,000,000
Provision for credit losses 0 0 0 0
Compensation and employee benefits expenses 165,000,000 147,000,000 340,000,000 307,000,000
Information systems and communications 23,000,000 24,000,000 52,000,000 44,000,000
Transaction processing services 52,000,000 39,000,000 105,000,000 80,000,000
Other 257,000,000 207,000,000 492,000,000 417,000,000
Total expenses 497,000,000 417,000,000 989,000,000 848,000,000
Income before income tax expense $ 309,000,000 $ 208,000,000 $ 558,000,000 $ 373,000,000
Pre-tax margin 38.00% 33.00% 36.00% 31.00%
Average assets (in billions) $ 4,000,000,000.0 $ 3,400,000,000 $ 3,900,000,000 $ 3,400,000,000
Other        
Segment Reporting [Line Items]        
Servicing fees 0 0 0 0
Management fees 0 0 0 0
Foreign exchange trading services 0 3,000,000 0 3,000,000
Securities finance 0 0 0 0
Software services 0 (24,000,000) 0 (24,000,000)
Other fee revenue 0 0 0 0
Total fee revenue 0 (21,000,000) 0 (21,000,000)
Net interest income 0 0 0 0
Total other income 0 0 0 0
Total revenue 0 (21,000,000) 0 (21,000,000)
Provision for credit losses 0 0 0 0
Compensation and employee benefits expenses 0 100,000,000 79,000,000 100,000,000
Information systems and communications 0 18,000,000 50,000,000 18,000,000
Transaction processing services 0 0 0 0
Other 0 (1,000,000) 1,000,000 (1,000,000)
Total expenses 0 117,000,000 130,000,000 117,000,000
Income before income tax expense $ 0 $ (138,000,000) $ (130,000,000) $ (138,000,000)