Document


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
4-YEAR SUMMARY OF RESULTS

(Dollars in millions, except per share amounts, or where otherwise noted)	2022			2023			2024			2025
Year ended December 31:
Total fee revenue	$	9,606		$	9,480		$	10,156		$	10,980
Net interest income	2,544			2,759			2,923			2,960
Other income	(2)			(294)			(79)			4
Total revenue	12,148			11,945			13,000			13,944
Provision for credit losses	20			46			75			59
Total expenses	8,801			9,583			9,530			10,154
Income before income tax expense	3,327			2,316			3,395			3,731
Income tax expense	553			372			708			786
Net income	2,774			1,944			2,687			2,945
Net income available to common shareholders	$	2,660		$	1,821		$	2,483		$	2,717
Per common share:
Diluted earnings per common share	$	7.19		$	5.58		$	8.21		$	9.40
Average diluted common shares outstanding (in thousands)	370,109			326,568			302,226			289,019
Cash dividends declared per common share	$	2.40		$	2.64		$	2.90		$	3.20
Closing price per share of common stock (at year end)	77.57			77.46			98.15			129.01
Average balance sheet:
Investment securities	$	111,929		$	105,765		$	104,784		$	110,586
Total assets	286,430			274,696			311,723			343,505
Total deposits	222,874			205,111			225,611			253,002
Ratios and other metrics:
Return on average common equity	11.1		%	8.2		%	11.1		%	11.5		%
Return on average tangible common equity(1)	17.4			13.3			17.9			17.9
Pre-tax margin	27.4			19.4			26.1			26.8
Pre-tax margin, excluding notable items(2)	28.4			26.4			27.6			29.2
Net interest margin, fully taxable-equivalent basis	1.03			1.20			1.10			1.00
Common equity tier 1 ratio(3)(4)	13.6			11.6			10.9			11.6
Tier 1 capital ratio(3)(4)	15.4			13.4			13.2			14.4
Total capital ratio(3)(4)	16.8			15.2			14.8			16.1
Tier 1 leverage ratio(3)	6.0			5.5			5.2			5.5
Supplementary leverage ratio(3)	7.0			6.2			6.2			6.5
Assets under custody and/or administration (in trillions)	$	36.74		$	41.81		$	46.56		$	53.80
Assets under management (in trillions)	3.48			4.13			4.72			5.67

(1) Return on average tangible common equity is calculated by dividing the net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details.
(2) Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of pre-tax margin excluding notable items for details.
(3) The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end.
(4) The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches.


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
CONSOLIDATED RESULTS OF OPERATIONS

	Quarters														% Change			Year-to-Date				% Change
(Dollars in millions, except per share amounts, or where otherwise noted)	1Q25		2Q25		3Q25		4Q25		1Q26		2Q26		3Q26			3Q26 vs. 3Q25		3Q26 vs. 2Q26		2025			2026		YTD2026 vs. YTD2025

Fee revenue:
Servicing fees	$	1,275	$	1,304	$	1,357	$	1,388	$	1,409	$	1,468	$	1,492		9.9	%	1.6	%	$	3,936		$	4,369	11.0	%
Management fees(1)	587		600		664		717		724		772		797			20.0		3.2		1,851			2,293		23.9
Foreign exchange trading services(1)	337		393		364		350		435		494		427			17.3		(13.6)		1,094			1,356		23.9
Securities finance	114		126		138		127		116		150		151			9.4		0.7		378			417		10.3
Software services(1)	158		169		167		163		169		166		175			4.8		5.4		494			510		3.2
Other fee revenue(1)	99		127		139		117		107		138		98			(29.5)		(29.0)		365			343		(6.0)
Total fee revenue	2,570		2,719		2,829		2,862		2,960		3,188		3,140			11.0		(1.5)		8,118			9,288		14.4
Net interest income:
Interest income	2,922		3,055		2,918		2,749		2,651		2,843		2,916			(0.1)		2.6		8,895			8,410		(5.5)
Interest expense	2,208		2,326		2,203		1,947		1,816		1,983		2,052			(6.9)		3.5		6,737			5,851		(13.2)
Net interest income	714		729		715		802		835		860		864			20.8		0.5		2,158			2,559		18.6
Other income:
Gains from sales of available-for-sale securities, net	—		—		1		3		1		—		—			nm		—		1			1		—
Total other income	—		—		1		3		1		—		—			nm		—		1			1		—
Total revenue	3,284		3,448		3,545		3,667		3,796		4,048		4,004			12.9		(1.1)		10,277			11,848		15.3
Provision for credit losses	12		30		9		8		16		—		(4)			nm		nm		51			12		(76.5)
Expenses:
Compensation and employee benefits	1,262		1,280		1,162		1,331		1,441		1,292		1,251			7.7		(3.2)		3,704			3,984		7.6
Information systems and communications	497		523		517		557		637		589		594			14.9		0.8		1,537			1,820		18.4
Transaction processing services	258		260		276		256		283		280		286			3.6		2.1		794			849		6.9
Occupancy	103		105		106		173		101		96		102			(3.8)		6.3		314			299		(4.8)
Other	330		361		373		424		349		402		387			3.8		(3.7)		1,064			1,138		7.0
Total expenses	2,450		2,529		2,434		2,741		2,811		2,659		2,620			7.6		(1.5)		7,413			8,090		9.1
Income before income tax expense	822		889		1,102		918		969		1,389		1,388			26.0		(0.1)		2,813			3,746		33.2
Income tax expense	178		196		241		171		205		305		298			23.7		(2.3)		615			808		31.4
Net income	$	644	$	693	$	861	$	747	$	764	$	1,084	$	1,090		26.6		0.6		$	2,198		$	2,938	33.7
Adjustments to net income:
Dividends on preferred stock	$	(46)	$	(63)	$	(58)	$	(59)	$	(58)	$	(58)	$	(59)		(1.7)		(1.7)		$	(167)		$	(175)	(4.8)
Earnings allocated to participating securities	(1)		—		(1)		—		(1)		—		(1)			—		nm		(2)			(2)		—
Net income available to common shareholders	$	597	$	630	$	802	$	688	$	705	$	1,026	$	1,030		28.4		0.4		$	2,029		$	2,761	36.1


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
CONSOLIDATED RESULTS OF OPERATIONS (Continued)

	Quarters																						% Change							Year-to-Date							% Change
(Dollars in millions, except per share amounts, or where otherwise noted)		1Q25			2Q25			3Q25			4Q25			1Q26			2Q26			3Q26				3Q26 vs. 3Q25			3Q26 vs. 2Q26				2025			2026				YTD2026 vs. YTD2025
Per common share:
Basic earnings		$	2.07		$	2.20		$	2.83		$	2.46		$	2.53		$	3.71		$	3.76			32.9	%		1.3	%			$	7.09		$	9.99			40.9	%
Diluted earnings		2.04			2.17			2.78			2.42			2.49			3.65			3.69				32.7			1.1				6.98			9.82				40.7
Average common shares outstanding (in thousands):
Basic		288,562			286,281			283,434			280,008			278,434			276,150			274,182				(3.3)			(0.7)				286,074			276,240				(3.4)
Diluted		292,716			290,490			288,163			284,806			282,874			281,062			279,292				(3.1)			(0.6)				290,439			281,063				(3.2)
Cash dividends declared per common share		$	0.76		$	0.76		$	0.84		$	0.84		$	0.84		$	0.84		$	0.92			9.5			9.5				$	2.36		$	2.60			10.2
Closing price per share of common stock (as of quarter end)		89.53			106.34			116.01			129.01			126.56			169.60			174.59				50.5			2.9				116.01			174.59				50.5
Book value per common share		$	80.13		$	83.16		$	85.33		$	87.01		$	87.33		$	89.95		$	90.37			5.9			0.5				$	85.33		$	90.37			5.9
Tangible book value per common share(2)		51.23			53.56			55.57			56.13			56.59			59.23			59.69				7.4			0.8				55.57			59.69				7.4
Balance sheet averages:
Investment securities		$	110,070		$	112,083		$	111,821		$	108,376		$	107,157		$	108,630		$	108,279			(3.2)			(0.3)				$	111,332		$	108,026			(3.0)
Total assets		337,291			353,779			340,480			342,448			351,714			366,821			363,098				6.6			(1.0)				343,862			360,586				4.9
Total deposits		243,036			260,745			254,509			253,585			258,081			270,345			271,123				6.5			0.3				252,805			266,565				5.4
Ratios and other metrics:
Effective tax rate		21.7		%	22.0		%	21.9		%	18.6		%	21.2		%	21.9		%	21.5		%		(0.4)	%	pts	(0.4)	%	pts		21.9		%	21.6		%		(0.3)	%	pts
Return on average common equity		10.6			10.8			13.4			11.3			11.6			16.7			16.4				3.0			(0.3)				11.6			15.0				3.4
Return on average tangible common equity(3)		16.4			16.7			20.9			17.5			17.6			25.5			25.1				4.2			(0.4)				18.0			22.8				4.8
Pre-tax margin		25.0			25.8			31.1			25.0			25.5			34.3			34.6				3.5			0.3				27.4			31.6				4.2
Pre-tax margin, excluding notable items(4)		25.0			29.6			31.1			30.7			29.0			34.3			34.6				3.5			0.3				28.7			32.7				4.0
Net interest margin, fully taxable-equivalent basis		1.00			0.96			0.96			1.10			1.16			1.13			1.12				0.2			—				0.97			1.14				0.2
Common equity tier 1 ratio(5)(6)		11.0			10.7			11.3			11.6			10.6			10.8			11.0				(0.3)			0.2				11.3			11.0				(0.3)
Tier 1 capital ratio(5)(6)		13.8			13.3			13.9			14.4			13.1			13.2			13.9				—			0.7				13.9			13.9				—
Total capital ratio(5)(6)		15.3			14.8			15.5			16.1			14.5			14.5			15.2				(0.3)			0.7				15.5			15.2				(0.3)
Tier 1 leverage ratio(5)		5.5			5.3			5.6			5.5			5.4			5.3			5.5				(0.1)			0.2				5.6			5.5				(0.1)
Supplementary leverage ratio(5)		6.5			6.3			6.4			6.5			6.3			6.2			6.4				—			0.2				6.4			6.4				—
Assets under custody and/or administration (in billions)		$	46,733		$	49,000		$	51,664		$	53,800		$	54,515		$	57,858		$	59,173			14.5	%		2.3	%			$	51,664		$	59,173			14.5	%
Assets under management (in billions)		4,665			5,117			5,446			5,665			5,620			6,278			6,306				15.8			0.4				5,446			6,306				15.8
Average securities on loan(7)		358,869			386,730			404,378			411,166			431,100			478,343			464,538				14.9			(2.9)				383,493			458,116				19.5

(1) In the first quarter of 2026, revenue related to distribution and marketing activities was reclassified from foreign exchange trading services to management fees. Additionally, lending-related and other fees, previously recognized within software and processing fees, was reclassified to other fee revenue, and the software and processing fees caption has been changed to software services. Prior-period amounts have been reclassified to conform to the current presentation. These reclassifications had no impact on total fee revenue, total revenue or net income, on either a consolidated or line of business basis.
(2) Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details.
(3) Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details.
(4) Excluding notable items is a non-GAAP presentation; refer to Reconciliations of non-GAAP Financial Information pages for details.
(5) The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2026 are estimates.
(6) The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios.
(7) End-of-period securities on loan were $376,269 million, $387,070 million, $397,730 million and $394,277 million at March 31, 2025, June 30, 2025, September 30, 2025 and December 31, 2025, respectively, and $431,805 million, $426,290 million and $458,788 million at March 31, 2026, June 30, 2026 and September 30, 2026, respectively.
nm Denotes not meaningful


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
CONSOLIDATED STATEMENT OF CONDITION

	As of															% Change
(Dollars in millions, except per share amounts)		March 31, 2025		June 30, 2025		September 30, 2025		December 31, 2025		March 31, 2026		June 30, 2026		September 30, 2026			3Q26 vs. 3Q25		3Q26 vs. 2Q26
Assets:
Cash and due from banks		$	4,658	$	4,020	$	4,756	$	4,433	$	6,518	$	4,290	$	4,796		0.8	%	11.8	%
Interest-bearing deposits with banks, net		119,464		118,835		122,642		126,930		123,574		145,223		138,426			12.9		(4.7)
Securities purchased under resale agreements		7,971		8,275		7,730		6,812		8,187		9,035		7,222			(6.6)		(20.1)
Trading account assets		743		791		884		827		842		856		852			(3.6)		(0.5)
Investment securities:
Investment securities available-for-sale, net		67,444		70,603		69,443		67,154		71,645		72,297		74,008			6.6		2.4
Investment securities held-to-maturity, net(1)		45,505		43,286		40,934		38,171		36,732		35,290		34,116			(16.7)		(3.3)
Total investment securities		112,949		113,889		110,377		105,325		108,377		107,587		108,124			(2.0)		0.5
Loans		44,685		47,279		46,660		46,782		49,190		52,062		49,309			5.7		(5.3)
Allowance for credit losses on loans(2)		176		179		190		193		168		161		152			(20.0)		(5.6)
Loans, net		44,509		47,100		46,470		46,589		49,022		51,901		49,157			5.8		(5.3)
Premises and equipment, net(3)		2,784		2,942		3,080		3,174		3,313		3,854		4,273			38.7		10.9
Accrued interest and fees receivable		4,280		4,589		4,476		4,395		4,708		4,867		4,896			9.4		0.6
Goodwill		7,763		7,918		7,916		8,159		8,121		8,106		8,094			2.2		(0.1)
Other intangible assets		1,046		1,014		958		935		872		816		763			(20.4)		(6.5)
Other assets		66,526		67,344		61,781		58,468		78,631		81,846		76,738			24.2		(6.2)
Total assets		$	372,693	$	376,717	$	371,070	$	366,047	$	392,165	$	418,381	$	403,341		8.7		(3.6)
Liabilities:
Deposits:
Non-interest-bearing		$	32,265	$	34,569	$	34,395	$	35,267	$	39,643	$	46,489	$	41,853		21.7		(10.0)
Interest-bearing - U.S.		168,362		169,444		169,013		168,079		174,723		191,759		192,437			13.9		0.4
Interest-bearing - Non-U.S.		71,429		79,011		76,591		71,004		78,975		81,299		77,361			1.0		(4.8)
Total deposits(4)		272,056		283,024		279,999		274,350		293,341		319,547		311,651			11.3		(2.5)
Securities sold under repurchase agreements		3,524		2,377		206		841		969		395		411			99.5		4.1
Other short-term borrowings		11,849		9,844		9,825		3,821		3,981		4,372		903			(90.8)		(79.3)
Accrued expenses and other liabilities		33,726		28,254		28,710		34,051		40,899		40,095		36,534			27.3		(8.9)
Long-term debt		24,846		25,911		24,688		25,143		25,233		25,704		25,132			1.8		(2.2)
Total liabilities		346,001		349,410		343,428		338,206		364,423		390,113		374,631			9.1		(4.0)
Shareholders' equity:
Preferred stock, no par, 3,500,000 shares authorized:
Series G, 5,000 shares issued and outstanding		493		493		493		493		493		493		493			—		—
Series I, 15,000 shares issued and outstanding		1,481		1,481		1,481		1,481		1,481		1,481		1,481			—		—
Series J, 8,500 shares issued and outstanding		842		842		842		842		842		842		842			—		—
Series K, 7,500 shares issued and outstanding		743		743		743		743		743		743		743			—		—
Series L, 5,000 shares issued and outstanding		—		—		—		—		—		—		496			nm		nm
Common stock, $1 par, 750,000,000 shares authorized(5)(6)		504		504		504		504		504		504		504			—		—
Surplus		10,693		10,698		10,704		10,705		10,701		10,710		10,708			—		—
Retained earnings		29,959		30,373		30,938		31,392		31,864		32,660		33,439			8.1		2.4
Accumulated other comprehensive income (loss)		(1,792)		(1,321)		(1,172)		(1,043)		(1,282)		(1,178)		(1,624)			(38.6)		(37.9)
Treasury stock, at cost(7)		(16,231)		(16,506)		(16,891)		(17,276)		(17,604)		(17,987)		(18,372)			(8.8)		(2.1)
Total shareholders' equity		26,692		27,307		27,642		27,841		27,742		28,268		28,710			3.9		1.6
Total liabilities and equity		$	372,693	$	376,717	$	371,070	$	366,047	$	392,165	$	418,381	$	403,341		8.7		(3.6)

(1) Fair value of investment securities held-to-maturity		$	40,424	$	38,485	$	36,654	$	34,166	$	32,560	$	31,104	$	28,697
(2) Total allowance for credit losses including off-balance sheet commitments		186		192		201		203		179		175		166
(3) Accumulated depreciation for premises and equipment		6,635		6,824		6,979		7,046		7,170		7,273		7,450
(4) Average total deposits		243,036		260,745		254,509		253,585		258,081		270,345		271,123
(5) Common stock shares issued		503,879,642		503,879,642		503,879,642		503,879,642		503,879,642		503,879,642		503,879,642
(6) Total common shares outstanding		288,676,229		285,561,974		282,217,819		279,077,907		276,924,993		274,702,550		272,828,262
(7) Treasury stock shares		215,203,413		218,317,668		221,661,823		224,801,735		226,954,649		229,177,092		231,051,380
nm Denotes not meaningful


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS(1)
The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit.
	Quarters																												% Change
	1Q25					2Q25					3Q25					4Q25					1Q26					2Q26					3Q26					3Q26 vs. 3Q25	3Q26 vs. 2Q26
(Dollars in millions; fully-taxable equivalent basis)	Average balance		Average rates			Average balance		Average rates			Average balance		Average rates			Average balance		Average rates			Average balance		Average rates			Average balance		Average rates			Average balance		Average rates				Average balance		Average balance
Assets:
Interest-bearing deposits with banks, net	$	92,780	3.36		%	$	98,321	3.23		%	$	88,130	3.03		%	$	94,987	2.83		%	$	100,363	2.81		%	$	103,683	2.89		%	$	100,858	2.94		%		14.4	%	(2.7)	%
Securities purchased under resale agreements(2)	7,716		8.66			9,169		7.83			8,643		7.82			7,398		8.47			8,051		7.65			8,129		7.43			8,320		6.73				(3.7)		2.3
Trading account assets	756		0.15			791		0.06			806		0.90			872		0.65			837		0.71			845		0.80			897		0.65				11.3		6.2
Investment securities:
Investment securities available-for-sale, net	63,428		4.57			67,718		4.45			69,898		4.43			68,858		4.32			69,862		4.04			72,810		4.06			73,680		4.14				5.4		1.2
Investment securities held-to-maturity, net	46,642		2.07			44,365		2.11			41,923		2.15			39,518		2.19			37,295		2.22			35,820		2.24			34,599		2.24				(17.5)		(3.4)
Total investment securities	110,070		3.51			112,083		3.52			111,821		3.58			108,376		3.55			107,157		3.41			108,630		3.46			108,279		3.53				(3.2)		(0.3)
Loans(3)	43,730		5.17			45,277		5.08			46,500		4.98			47,599		4.77			48,588		4.53			50,081		4.64			50,358		4.65				8.3		0.6
Other interest-earning assets	34,464		5.49			39,007		5.38			39,557		4.92			29,999		5.00			28,118		5.00			34,038		5.00			36,408		5.23				(8.0)		7.0
Total interest-earning assets	289,516		4.09			304,648		4.02			295,457		3.92			289,231		3.77			293,114		3.67			305,406		3.73			305,120		3.79				3.3		(0.1)
Cash and due from banks	4,516					4,058					4,336					3,633					3,912					3,984					4,235						(2.3)		6.3
Other non-interest-earning assets	43,259					45,073					40,687					49,584					54,688					57,431					53,743						32.1		(6.4)
Total assets	$	337,291				$	353,779				$	340,480				$	342,448				$	351,714				$	366,821				$	363,098					6.6		(1.0)
Liabilities:
Interest-bearing deposits:
U.S.	$	154,462	3.54		%	$	159,770	3.50		%	$	157,132	3.49		%	$	153,865	3.13		%	$	154,634	2.91		%	$	161,741	2.91		%	$	164,807	2.96		%		4.9	%	1.9	%
Non-U.S.	63,677		1.38			76,807		1.55			73,428		1.49			73,577		1.34			73,962		1.34			79,103		1.52			77,240		1.51				5.2		(2.4)
Total interest-bearing deposits(4)	218,139		2.91			236,577		2.87			230,560		2.86			227,442		2.55			228,596		2.40			240,844		2.45			242,047		2.49				5.0		0.5
Securities sold under repurchase agreements	4,530		4.54			3,160		4.42			1,002		3.44			161		1.90			272		2.84			256		2.23			487		2.89				(51.4)		90.2
Other short-term borrowings	11,848		4.64			10,179		4.51			10,069		4.88			6,320		3.81			3,857		4.05			4,179		3.78			1,906		3.81				(81.1)		(54.4)
Long-term debt	23,742		5.00			25,864		4.98			25,273		4.93			25,126		4.77			25,256		4.53			25,912		4.57			25,598		4.64				1.3		(1.2)
Other interest-bearing liabilities	5,471		11.76			3,543		18.35			3,445		11.39			3,678		13.27			4,310		12.82			5,383		12.90			4,919		17.09				42.8		(8.6)
Total interest-bearing liabilities	263,730		3.40			279,323		3.34			270,349		3.23			262,727		2.94			262,291		2.81			276,574		2.88			274,957		2.96				1.7		(0.6)
Non-interest-bearing deposits(5)	24,897					24,168					23,949					26,143					29,485					29,501					29,076						21.4		(1.4)
Other non-interest-bearing liabilities	22,554					23,232					18,850					25,851					31,823					32,605					30,398						61.3		(6.8)
Preferred shareholders' equity	3,263					3,560					3,560					3,560					3,560					3,560					3,830						7.6		7.6
Common shareholders' equity	22,847					23,496					23,772					24,167					24,555					24,581					24,837						4.5		1.0
Total liabilities and shareholders' equity	$	337,291				$	353,779				$	340,480				$	342,448				$	351,714				$	366,821				$	363,098					6.6		(1.0)

Total deposits	$	243,036				$	260,745				$	254,509				$	253,585				$	258,081				$	270,345				$	271,123					6.5		0.3

Excess of rate earned over rate paid			0.70		%			0.68		%			0.69		%			0.83		%			0.86		%			0.86		%			0.83		%
Net interest margin			1.00		%			0.96		%			0.96		%			1.10		%			1.16		%			1.13		%			1.12		%
Net interest income, fully taxable-equivalent basis			$	714				$	729				$	716				$	802				$	835				$	860				$	864
Tax-equivalent adjustment			—					—					(1)					—					—					—					—
Net interest income, GAAP-basis(4)			$	714				$	729				$	715				$	802				$	835				$	860				$	864

(1) Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable.
(2) Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $232 billion, $253 billion, $251 billion and $234 billion in the first, second, third and fourth quarters of 2025, respectively, and approximately $228 billion, $216 billion and $198 billion in the first, second and third quarters of 2026, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.28%, 0.27%, 0.26% and 0.26% in the first, second, third and fourth quarters of 2025, respectively, and approximately 0.26%, 0.27% and 0.27% in the first, second and third quarters of 2026, respectively.
(3) Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $43,562 million, $45,113 million, $46,321 million and $47,411 million in the first, second, third and fourth quarters of 2025, respectively and approximately $48,421 million, $49,916 million and $50,202 million in the first, second and third quarters of 2026, respectively.
(4) Average rates include the impact of FX swap expense of approximately ($83) million, ($42) million, ($31) million and ($39) million in the first, second, third and fourth quarters of 2025, respectively, and approximately ($29) million, ($4) million and ($20) million in the first, second and third quarters of 2026, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.07%, 2.94%, 2.91%, and 2.62% in the first, second, third and fourth quarters of 2025, respectively, and approximately 2.45%, 2.46% and 2.53% in the first, second and third quarters of 2026, respectively.
(5) Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars.


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS - YEAR TO DATE(1)
The following table presents consolidated average interest-earning assets, average interest-bearing liabilities and related average rates earned and paid, respectively, for the years indicated, on a fully taxable-equivalent basis, which is a non-GAAP measure. Tax-equivalent adjustments were calculated using a federal income tax rate of 21% for periods ending in 2025 and 2026, adjusted for applicable state income taxes, net of related federal benefit.
			Year-to-Date														% Change
			2025							2026							YTD2026 vs YTD2025
(Dollars in millions; fully-taxable equivalent basis)	Average balance				Average rates			Average balance				Average rates			Average balance
Assets:
Interest-bearing deposits with banks, net	$	93,060			3.21		%	$	101,636			2.88		%	9.2	%
Securities purchased under resale agreements(2)	8,513				8.08			8,168				7.26			(4.1)
Trading account assets	784				0.38			860				0.72			9.7
Investment securities:
Investment securities available-for-sale, net	67,039				4.48			72,131				4.08			7.6
Investment securities held-to-maturity, net	44,293				2.11			35,895				2.23			(19.0)
Total investment securities	111,332				3.54			108,026				3.47			(3.0)
Loans(3)	45,179				5.07			49,682				4.61			10.0
Other interest-earning assets	37,694				5.25			32,885				5.09			(12.8)
Total interest-earning assets	296,562				4.01			301,257				3.73			1.6
Cash and due from banks	4,303							4,045							(6.0)
Other non-interest-earning assets	42,997							55,284							28.6
Total assets	$	343,862						$	360,586						4.9
Liabilities:
Interest-bearing deposits:
U.S.	$	157,131			3.51			$	160,431			2.93			2.1
Non-U.S.	71,340				1.48			76,781				1.46			7.6
Total interest-bearing deposits(4)	228,471				2.88			237,212				2.45			3.8
Securities sold under repurchase agreements	2,884				4.37			339				2.71			(88.2)
Other short-term borrowings	10,692				4.67			3,307				3.89			(69.1)
Long-term debt	24,965				4.97			25,590				4.58			2.5
Other interest-bearing liabilities	4,147				13.53			4,872				14.30			17.5
Total interest-bearing liabilities	271,159				3.32			271,320				2.88			0.1
Non-interest-bearing deposits(5)	24,334							29,353							20.6
Other non-interest-bearing liabilities	21,532							31,603							46.8
Preferred shareholders' equity	3,461							3,650							5.5
Common shareholders' equity	23,376							24,660							5.5
Total liabilities and shareholders' equity	$	343,862						$	360,586						4.9

Total deposits			$	252,805						$	266,565						5.4

Excess of rate earned over rate paid					0.69		%					0.85		%
Net interest margin					0.97		%					1.14		%
Net interest income, fully taxable-equivalent basis					$	2,159						$	2,559
Tax-equivalent adjustment					(1)							—
Net interest income, GAAP-basis(4)					$	2,158						$	2,559

(1) Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable.
(2) Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $246 billion and $214 billion as of September 30, 2025 and 2026, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.27% for both the nine months ended September 30, 2025 and 2026.
(3) Average loans are presented on a gross basis. Average loans net of expected credit losses as of September 30, 2025 and 2026 were approximately $45,009 million and $49,520 million, respectively.
(4) Average rates include the impact of FX swap cost of approximately ($155) million and ($53) million for the nine months ended September 30, 2025 and 2026, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap cost were 2.97% and 2.48% for the nine months ended September 30, 2025 and 2026, respectively.
(5) Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars.


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
SELECTED AVERAGE BALANCES BY CURRENCY - RATES EARNED AND PAID(1)

	3Q26
	USD				EUR				GBP				Other				Total
(Dollars in millions, except where otherwise noted)	Average Balance		Average Rates		Average Balance		Average Rates		Average Balance		Average Rates		Average Balance		Average Rates		Average Balance		Average Rates

Interest-bearing deposits with banks	$	48,165	3.78	%	$	28,061	2.16	%	$	6,314	3.85	%	$	18,318	1.61	%	$	100,858	2.94	%
Total investment securities	83,316		3.56		10,302		2.67		7,571		4.21		7,090		3.74		108,279		3.53
Loans	41,170		4.83		6,820		3.76		1,420		4.49		948		3.19		50,358		4.65
Total other interest-earning assets(2)	41,897		5.46		87		1.56		68		1.97		3,573		4.99		45,625		5.41
Total interest-earning assets	$	214,548	4.21		$	45,270	2.51		$	15,373	4.06		$	29,929	2.56		$	305,120	3.79

Total interest-bearing deposits(3)(4)	$	163,951	3.15		$	38,784	1.26		$	11,545	1.68		$	27,767	0.71		$	242,047	2.49

Central Bank Rate(5)			3.79				2.31				3.75

	2Q26
	USD				EUR				GBP				Other				Total
(Dollars in millions, except where otherwise noted)	Average Balance		Average Rates		Average Balance		Average Rates		Average Balance		Average Rates		Average Balance		Average Rates		Average Balance		Average Rates

Interest-bearing deposits with banks	$	51,295	3.76	%	$	30,113	1.99	%	$	6,529	3.66	%	$	15,746	1.44	%	$	103,683	2.89	%
Total investment securities	84,248		3.57		9,950		1.73		7,427		4.24		7,005		3.75		108,630		3.46
Loans	41,315		4.78		6,735		3.63		1,353		4.66		678		6.33		50,081		4.64
Total other interest-earning assets(2)	39,788		5.46		92		(2.26)		36		(2.86)		3,096		4.66		43,012		5.38
Total interest-earning assets	$	216,646	4.20		$	46,890	2.16		$	15,345	4.02		$	26,525	2.56		$	305,406	3.73

Total interest-bearing deposits(3)(4)	$	159,900	3.11		$	40,799	1.12		$	11,886	1.71		$	28,259	0.98		$	240,844	2.45

Central Bank Rate(5)			3.75				2.05				3.75

	3Q25
	USD				EUR				GBP				Other				Total
(Dollars in millions, except where otherwise noted)	Average Balance		Average Rates		Average Balance		Average Rates		Average Balance		Average Rates		Average Balance		Average Rates		Average Balance		Average Rates

Interest-bearing deposits with banks	$	37,596	4.48	%	$	26,982	1.95	%	$	6,137	4.12	%	$	17,415	1.17	%	$	88,130	3.03	%
Total investment securities	89,709		3.60		9,498		2.47		6,516		4.45		6,098		4.09		111,821		3.58
Loans	37,684		5.16		6,980		3.97		1,236		5.70		600		3.93		46,500		4.98
Total other interest-earning assets(2)	45,425		5.46		322		1.29		67		4.00		3,192		4.39		49,006		5.36
Total interest-earning assets	$	210,414	4.42		$	43,782	2.37		$	13,956	4.39		$	27,305	2.26		$	295,457	3.92

Total interest-bearing deposits(3)(4)	$	156,248	3.72		$	37,952	1.16		$	11,715	1.88		$	24,645	0.47		$	230,560	2.86

Central Bank Rate(5)			4.46				2.00				4.10

(1) Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable.
(2) Average total other interest-earning assets include securities purchased under resale agreements, trading account assets and other interest-earning assets. Refer to Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis for details.
(3) Average rates for interest-bearing deposit balances denominated in U.S. dollars include both client and wholesale deposits.
(4) FX swap costs for interest-bearing deposits are included in other currencies.
(5) Central Bank Rate represents the quarterly average Federal Funds Target Rate for USD, European Central Bank Deposit Facility Rate for EUR, and the Bank of England's Bank Rate for GBP.


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS

	Quarters
	1Q25				2Q25				3Q25				4Q25				1Q26				2Q26				3Q26
(Dollars in billions, except where otherwise noted)	Average Balance		Average Rate		Average Balance		Average Rate		Average Balance		Average Rate		Average Balance		Average Rate		Average Balance		Average Rate		Average Balance		Average Rate		Average Balance		Average Rate
Available-for-sale investment securities:
Government & agency securities	$	41.3	4.29	%	$	42.6	4.15	%	$	42.8	4.08	%	$	42.1	3.96	%	$	42.7	3.70	%	$	45.0	3.73	%	$	44.7	3.82	%
U.S. Treasury direct obligations	26.5		4.48		26.4		4.43		25.5		4.37		24.4		4.19		24.0		3.91		25.2		3.92		24.3		4.03
Non-U.S. sovereign, supranational and non-U.S. agency	14.8		3.96		16.2		3.70		17.3		3.66		17.7		3.65		18.7		3.44		19.8		3.49		20.4		3.57
Asset-backed securities	7.8		5.09		8.5		4.75		8.7		4.58		8.2		4.47		8.0		3.99		8.3		4.08		8.5		4.25
Mortgage-backed securities	7.0		5.06		9.2		5.09		11.3		5.33		12.2		5.16		13.6		4.85		14.2		4.88		15.2		4.79
CMBS	4.3		4.86		4.2		4.74		3.9		4.80		3.3		4.73		2.7		4.21		2.4		4.08		2.3		4.16
Other	3.0		5.16		3.2		5.14		3.2		5.12		3.1		5.02		2.9		5.15		2.9		5.19		3.0		5.29
Total available-for-sale portfolio	$	63.4	4.57		$	67.7	4.45		$	69.9	4.43		$	68.9	4.32		$	69.9	4.04		$	72.8	4.06		$	73.7	4.14

	Quarters
	1Q25				2Q25				3Q25				4Q25				1Q26				2Q26				3Q26
(Dollars in billions, except where otherwise noted)	Average Balance		Average Rate		Average Balance		Average Rate		Average Balance		Average Rate		Average Balance		Average Rate		Average Balance		Average Rate		Average Balance		Average Rate		Average Balance		Average Rate
Held-to-maturity investment securities:
Government & agency securities	$	8.6	0.75	%	$	7.2	0.78	%	$	5.6	0.83	%	$	4.4	0.88	%	$	2.7	1.02	%	$	2.1	1.11	%	$	1.7	1.17	%
U.S. Treasury direct obligations	5.0		0.66		3.9		0.67		2.4		0.67		1.6		0.69		0.4		0.70		0.3		0.79		0.1		0.88
Non-U.S. sovereign, supranational and non-U.S. agency	3.6		0.89		3.3		0.92		3.2		0.95		2.8		0.99		2.3		1.08		1.8		1.16		1.6		1.20
Asset-backed securities	2.4		5.32		2.4		5.17		2.4		5.21		2.3		5.17		2.2		4.55		2.1		4.65		2.0		4.55
Mortgage-backed securities	30.5		2.22		29.7		2.21		28.8		2.20		27.8		2.22		27.3		2.22		26.6		2.21		25.9		2.20
CMBS	5.2		1.88		5.1		1.89		5.1		1.89		5.0		1.88		5.1		1.85		5.0		1.85		5.0		1.89
Total held-to-maturity portfolio	$	46.7	2.07		$	44.4	2.11		$	41.9	2.15		$	39.5	2.19		$	37.3	2.22		$	35.8	2.24		$	34.6	2.24

Total investment securities	$	110.1	3.51		$	112.1	3.52		$	111.8	3.58		$	108.4	3.55		$	107.2	3.41		$	108.6	3.46		$	108.3	3.53


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)

	Ratings
(Dollars in billions, or where otherwise noted)	UST/AGY			AAA			AA			A			BBB			<BBB			NR			Fair Value		% Total		Net Unrealized Pre-tax MTM Gain/(Loss) (In millions)(1)		Fixed Rate/ Floating Rate(2)
Available-for-sale investment securities:
Government & agency securities	53		%	27		%	14		%	5		%	—		%	—		%	1		%	$	44.6	60.3	%	$	(165)	94% / 6%
U.S. Treasury direct obligations	100			—			—			—			—			—			—			23.6		52.9		6		100% / 0%
Non-U.S. sovereign, supranational and non-U.S. agency	—			57			30			10			—			1			2			21.0		47.1		(171)		84% / 16%
Asset-backed securities	—			96			4			—			—			—			—			8.8		11.9		3		0% / 100%
Mortgage-backed securities	100			—			—			—			—			—			—			15.3		20.7		(375)		43% / 57%
CMBS	100			—			—			—			—			—			—			2.2		2.9		(14)		9% / 91%
Other	—			18			22			55			5			—			—			3.1		4.2		(6)		53% / 47%
Total available-for-sale portfolio	56		%	28		%	10		%	5		%	—		%	—		%	1		%	$	74.0	100.0	%	$	(557)	68% / 32%

Fair Value	$	41.1		$	20.9		$	7.4		$	3.8		$	0.2		$	0.2		$	0.4

	Ratings
	UST/AGY			AAA			AA			A			BBB			<BBB			NR			Amortized Cost		% Total		Net Unrealized Pre-tax MTM Gain/(Loss) (In millions)(1)		Fixed Rate/ Floating Rate(2)
Held-to-maturity investment securities:
Government & agency securities	7		%	28		%	58		%	7		%	—		%	—		%	—		%	$	1.5	4.4	%	$	(44)	100% / 0%
U.S. Treasury direct obligations	100			—			—			—			—			—			—			0.1		6.7		(2)		94% / 6%
Non-U.S. sovereign, supranational and non-U.S. agency	—			30			62			8			—			—			—			1.4		93.3		(42)		100% / 0%
Asset-backed securities	—			1			91			5			1			2			—			2.0		5.9		(18)		5% / 95%
Mortgage-backed securities	100			—			—			—			—			—			—			25.6		75.0		(4,790)		100% / 0%
CMBS	100			—			—			—			—			—			—			5.0		14.7		(569)		98% / 2%
Total held-to-maturity portfolio	90		%	1		%	8		%	1		%	—		%	—		%	—		%	$	34.1	100.0	%	$	(5,421)	94% / 6%

Amortized Cost	$	30.7		$	0.5		$	2.7		$	0.2		$	—		$	—		$	—

Total Investment Securities(3)																						$	108.1					76% / 24%

(1) At September 30, 2026, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized loss on securities available-for-sale of $412 million, after-tax unrealized loss on securities held-to-maturity of $4,007 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $225 million.
(2) At September 30, 2026, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $1.67 billion or 1.55% of the total portfolio.
(3) State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2026, approximately 85% of our investment portfolio was held in HQLA.


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
ASSETS UNDER CUSTODY AND/OR ADMINISTRATION

	Quarters														% Change
(Dollars in billions)	1Q25		2Q25		3Q25		4Q25		1Q26		2Q26		3Q26			3Q26 vs. 3Q25		3Q26 vs. 2Q26
Assets Under Custody and/or Administration(1)
By Product Classification:
Collective funds, including ETFs	$	15,430	$	16,728	$	17,795	$	17,997	$	18,338	$	20,055	$	20,852		17.2	%	4.0	%
Mutual funds	12,143		12,641		13,209		13,518		13,309		14,353		14,127			6.9		(1.6)
Pension products	9,377		9,679		10,321		10,452		10,912		11,219		11,318			9.7		0.9
Insurance and other products	9,783		9,952		10,339		11,833		11,956		12,231		12,876			24.5		5.3
Total Assets Under Custody and/or Administration	$	46,733	$	49,000	$	51,664	$	53,800	$	54,515	$	57,858	$	59,173		14.5		2.3
By Asset Class:
Equities	$	27,508	$	29,311	$	31,124	$	31,879	$	32,243	$	34,670	$	36,136		16.1		4.2
Fixed-Income	11,900		12,122		12,874		13,830		14,030		14,160		14,074			9.3		(0.6)
Short-term and other investments(2)	7,325		7,567		7,666		8,091		8,242		9,028		8,963			16.9		(0.7)
Total Assets Under Custody and/or Administration	$	46,733	$	49,000	$	51,664	$	53,800	$	54,515	$	57,858	$	59,173		14.5		2.3
By Geographic Location(3):
Americas	$	33,340	$	35,028	$	36,698	$	37,422	$	37,265	$	40,040	$	40,932		11.5		2.2
Europe/Middle East/Africa	10,303		10,803		11,570		12,918		13,563		14,002		14,174			22.5		1.2
Asia-Pacific	3,090		3,169		3,396		3,460		3,687		3,816		4,067			19.8		6.6
Total Assets Under Custody and/or Administration	$	46,733	$	49,000	$	51,664	$	53,800	$	54,515	$	57,858	$	59,173		14.5		2.3
Assets Under Custody(4)
By Product Classification:
Collective funds, including ETFs	$	13,335	$	14,487	$	15,478	$	15,619	$	15,874	$	17,424	$	18,122		17.1		4.0
Mutual funds	9,725		10,060		10,506		10,762		10,598		11,351		11,151			6.1		(1.8)
Pension products	7,731		7,975		8,371		8,487		8,875		9,137		9,186			9.7		0.5
Insurance and other products	3,046		3,026		3,144		3,484		3,537		3,661		3,876			23.3		5.9
Total Assets Under Custody	$	33,837	$	35,548	$	37,499	$	38,352	$	38,884	$	41,573	$	42,335		12.9		1.8
By Geographic Location(3):
Americas	$	25,407	$	26,705	$	28,058	$	28,462	$	28,398	$	30,667	$	31,052		10.7		1.3
Europe/Middle East/Africa	5,861		6,215		6,606		6,968		7,360		7,629		7,759			17.5		1.7
Asia-Pacific	2,569		2,628		2,835		2,922		3,126		3,277		3,524			24.3		7.5
Total Assets Under Custody	$	33,837	$	35,548	$	37,499	$	38,352	$	38,884	$	41,573	$	42,335		12.9		1.8

(1) Consistent with past practice, AUC/A values for certain asset classes are based on a lag, typically one-month.
(2) Short-term and other investments includes derivatives, cash and cash equivalents and other instruments.
(3) Geographic mix is generally based on the domicile of the entity servicing the funds and is not necessarily representative of the underlying asset mix.
(4) Assets under custody are a component of assets under custody and/or administration presented above.


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
ASSETS UNDER MANAGEMENT

	Quarters														% Change
(Dollars in billions)	1Q25		2Q25		3Q25		4Q25		1Q26		2Q26		3Q26			3Q26 vs. 3Q25		3Q26 vs. 2Q26
Assets Under Management by Category(1)
By Asset Class:
Equity	$	2,901	$	3,218	$	3,465	$	3,589	$	3,496	$	4,051	$	4,104		18.4	%	1.3	%
Fixed-income	633		700		720		734		756		776		785			9.0		1.2
Cash(2)	518		525		540		570		581		621		564			4.4		(9.2)
Multi-asset	390		449		477		501		503		567		575			20.5		1.4
Alternative investments(3)	223		225		244		271		284		263		278			13.9		5.7
Total	$	4,665	$	5,117	$	5,446	$	5,665	$	5,620	$	6,278	$	6,306		15.8		0.4

By Geography(4):
Americas	$	3,431	$	3,713	$	3,982	$	4,155	$	4,108	$	4,573	$	4,572		14.8		—
Europe/Middle East/Africa	690		771		806		841		845		956		978			21.3		2.3
Asia-Pacific	544		633		658		669		667		749		756			14.9		0.9
Total	$	4,665	$	5,117	$	5,446	$	5,665	$	5,620	$	6,278	$	6,306		15.8		0.4

By Vehicle:
ETF	$	1,554	$	1,690	$	1,848	$	1,951	$	1,940	$	2,204	$	2,285		23.6		3.7
Separately managed accounts	1,776		1,985		2,074		2,127		2,120		2,340		2,348			13.2		0.3
Other commingled funds	1,335		1,442		1,524		1,587		1,560		1,734		1,673			9.8		(3.5)
Total	$	4,665	$	5,117	$	5,446	$	5,665	$	5,620	$	6,278	$	6,306		15.8		0.4

By Strategy:
Index strategies and solutions:
ETFs	$	1,541	$	1,677	$	1,834	$	1,936	$	1,926	$	2,188	$	2,268		23.7		3.7
Other index	2,424		2,737		2,896		2,986		2,938		3,279		3,281			13.3		0.1
Total index strategies and solutions	3,965		4,414		4,730		4,922		4,864		5,467		5,549			17.3		1.5
Active, alternatives and other(3)	182		178		176		173		175		190		193			9.7		1.6
Cash(2)	518		525		540		570		581		621		564			4.4		(9.2)
Total	$	4,665	$	5,117	$	5,446	$	5,665	$	5,620	$	6,278	$	6,306		15.8		0.4

(1) Our AUM disclosures have been updated to more closely reflect the investment strategies and capabilities within the Investment Management business. AUM disclosures are now organized around Index; Active, Alternatives and Other Strategies; and Cash. We have retained the supplemental views of AUM, including, but not limited to, views by asset class and by geography.
(2) Includes both floating- and constant-net-asset-value portfolios held in commingled structures or separate accounts.
(3) Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent.
(4) Geographic mix is based on client location or fund management location.


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
ASSETS UNDER MANAGEMENT (Continued)

	Quarters
(Dollars in billions)	1Q25		2Q25		3Q25		4Q25		1Q26		2Q26		3Q26
Net asset flows by category(1)
By Asset Class:
Equity	$	(37)	$	14	$	5	$	28	$	2	$	60	$	17
Fixed-income	2		51		13		11		28		12		32
Cash(2)	1		(1)		10		24		8		35		(62)
Multi-asset	13		25		6		12		12		13		9
Alternative investments(3)	8		(7)		(8)		10		(1)		(6)		11
Total flows, net	$	(13)	$	82	$	26	$	85	$	49	$	114	$	7

By Geography(4):
Americas	$	4	$	29	$	36	$	75	$	10	$	75	$	(14)
Europe/Middle East/Africa	(29)		18		—		10		29		18		18
Asia-Pacific	12		35		(10)		—		10		21		3
Total flows, net	$	(13)	$	82	$	26	$	85	$	49	$	114	$	7

By Vehicle:
ETF	$	1	$	15	$	37	$	51	$	25	$	68	$	69
Separately managed accounts	(7)		50		(20)		4		30		9		3
Other commingled funds	(7)		17		9		30		(6)		37		(65)
Total flows, net	$	(13)	$	82	$	26	$	85	$	49	$	114	$	7

By Strategy:
Index strategies and solutions:
ETFs	$	—	$	15	$	38	$	51	$	25	$	66	$	68
Other index	(12)		81		(7)		14		13		15		(1)
Total index strategies and solutions	(12)		96		31		65		38		81		67
Active, alternatives and other	(2)		(13)		(15)		(4)		3		(2)		2
Cash(2)	1		(1)		10		24		8		35		(62)
Total flows, net	$	(13)	$	82	$	26	$	85	$	49	$	114	$	7

(1) Our AUM disclosures have been updated to more closely reflect the investment strategies and capabilities within the Investment Management business. AUM disclosures are now organized around Index; Active, Alternatives and Other Strategies; and Cash. We have retained the supplemental views of AUM, including, but not limited to, views by asset class and by geography.
(2) Includes both floating- and constant-net-asset-value portfolios held in commingled structures or separate accounts.
(3) Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent.
(4) Geographic mix is based on client location or fund management location.


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
LINE OF BUSINESS INFORMATION


	Investment Servicing										% Change							Investment Management										% Change						Other(1)									% Change				Total									% Change
(Dollars in millions)	3Q25			2Q26			3Q26				3Q26 vs. 3Q25			3Q26 vs. 2Q26				3Q25				2Q26			3Q26			3Q26 vs. 3Q25		3Q26 vs. 2Q26				3Q25			2Q26				3Q26		3Q26 vs. 3Q25		3Q26 vs. 2Q26		3Q25			2Q26			3Q26			3Q26 vs. 3Q25		3Q26 vs. 2Q26
Servicing fees	$	1,357		$	1,468		$	1,492			9.9		%	1.6		%		$	—			$	—		$	—		—	%	—		%		$	—		$	—			$	—	—	%	—	%	$	1,357		$	1,468		$	1,492		9.9	%	1.6	%
Management fees(2)	—			—			—				—			—				664				772			797			20.0		3.2				—			—				—		—		—		664			772			797			20.0		3.2
Foreign exchange trading services(2)	364			491			425				16.8			(13.4)				—				3			2			nm		(33.3)				—			—				—		—		—		364			494			427			17.3		(13.6)
Securities finance	133			140			141				6.0			0.7				5				10			10			100.0		—				—			—				—		—		—		138			150			151			9.4		0.7
Software services(2)	167			166			175				4.8			5.4				—				—			—			—		—				—			—				—		—		—		167			166			175			4.8		5.4
Other fee revenue(2)	128			117			105				(18.0)			(10.3)				11				21			(7)			nm		nm				—			—				—		—		—		139			138			98			(29.5)		(29.0)
Total fee revenue	2,149			2,382			2,338				8.8			(1.8)				680				806			802			17.9		(0.5)				—			—				—		—		—		2,829			3,188			3,140			11.0		(1.5)
Net interest income	711			860			862				21.2			0.2				4				—			2			(50.0)		nm				—			—				—		—		—		715			860			864			20.8		0.5
Total other income	1			—			—				nm			—				—				—			—			—		—				—			—				—		—		—		1			—			—			nm		—
Total revenue	2,861			3,242			3,200				11.8			(1.3)				684				806			804			17.5		(0.2)				—			—				—		—		—		3,545			4,048			4,004			12.9		(1.1)
Provision for credit losses	9			—			(4)				nm			nm				—				—			—			—		—				—			—				—		—		—		9			—			(4)			nm		nm
Total expenses	1,994			2,162			2,116				6.1			(2.1)				440				497			504			14.5		1.4				—			—				—		—		—		2,434			2,659			2,620			7.6		(1.5)
Income before income tax expense	$	858		$	1,080		$	1,088			26.8			0.7				$	244			$	309		$	300		23.0		(2.9)				$	—		$	—			$	—	—		—		$	1,102		$	1,389		$	1,388		26.0		(0.1)
Pre-tax margin	30.0		%	33.3		%	34.0		%		4.0		%	0.7		%	pts	35.7		%		38.3		%	37.3		%	1.6	%	(1.0)		%	pts														31.1		%	34.3		%	34.6		%	3.5	%	0.3	%	pts

	Nine Months Ended September 30,
	Investment Servicing						% Change				Investment Management							% Change				Other(1)						% Change		Total							% Change
(Dollars in millions)	2025			2026			YTD2026 vs. YTD2025				2025			2026				YTD2026 vs. YTD2025				2025			2026			YTD2026 vs. YTD2025		2025				2026			YTD2026 vs. YTD2025
Servicing fees	$	3,936		$	4,369		11.0		%		$	—		$	—			—		%		$	—		$	—		—	%	$	3,936			$	4,369		11.0		%
Management fees(2)	—			—			—				1,851			2,293				23.9				—			—			—		1,851				2,293			23.9
Foreign exchange trading services(2)	1,091			1,348			23.6				—			8				nm				3			—			nm		1,094				1,356			23.9
Securities finance	360			391			8.6				18			26				44.4				—			—			—		378				417			10.3
Software services(2)	518			510			(1.5)				—			—				—				(24)			—			nm		494				510			3.2
Other fee revenue(2)	341			324			(5.0)				24			19				(20.8)				—			—			—		365				343			(6.0)
Total fee revenue	6,246			6,942			11.1				1,893			2,346				23.9				(21)			—			nm		8,118				9,288			14.4
Net interest income	2,146			2,554			19.0				12			5				(58.3)				—			—			—		2,158				2,559			18.6
Total other income	1			1			—				—			—				—				—			—			—		1				1			—
Total revenue	8,393			9,497			13.2				1,905			2,351				23.4				(21)			—			nm		10,277				11,848			15.3
Provision for credit losses	51			12			(76.5)				—			—				—				—			—			—		51				12			(76.5)
Total expenses	6,008			6,467			7.6				1,288			1,493				15.9				117			130			11.1		7,413				8,090			9.1
Income before income tax expense	$	2,334		$	3,018		29.3				$	617		$	858			39.1				$	(138)		$	(130)		(5.8)		$	2,813			$	3,746		33.2
Pre-tax margin	27.8		%	31.8		%	4.0		%	pts	32.4		%	36.5		%		4.1		%	pts									27.4		%		31.6		%	4.2		%	pts

(1) Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals.
(2) In the first quarter of 2026, revenue related to distribution and marketing activities was reclassified from foreign exchange trading services to management fees. Additionally, lending-related and other fees, previously recognized within software and processing fees, was reclassified to other fee revenue, and the software and processing fees caption has been changed to software services. Prior-period amounts have been reclassified to conform to the current presentation. These reclassifications had no impact on total fee revenue, total revenue or net income, on either a consolidated or line of business basis.
nm Denotes not meaningful


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
REGULATORY CAPITAL

	Basel III Advanced Approaches(1)																					Basel III Standardized Approach(2)
(Dollars in millions)	1Q25			2Q25			3Q25			4Q25			1Q26			2Q26			3Q26				1Q25			2Q25			3Q25			4Q25			1Q26			2Q26			3Q26
Ratios and Supporting Calculations:
Common equity tier 1 capital	$	14,362		$	14,791		$	15,156		$	14,812		$	14,798		$	15,425		$	15,433			$	14,362		$	14,791		$	15,156		$	14,812		$	14,798		$	15,425		$	15,433
Total risk-weighted assets	114,274			118,652			115,731			114,357			118,311			116,493			115,226				130,208			137,677			134,168			127,263			139,811			143,406			140,576
Common equity tier 1 risk-based capital ratio	12.6		%	12.5		%	13.1		%	13.0		%	12.5		%	13.2		%	13.4		%		11.0		%	10.7		%	11.3		%	11.6		%	10.6		%	10.8		%	11.0		%

Tier 1 capital	$	17,921		$	18,350		$	18,715		$	18,371		$	18,357		$	18,984		$	19,488			$	17,921		$	18,350		$	18,715		$	18,371		$	18,357		$	18,984		$	19,488
Tier 1 risk-based capital ratio	15.7		%	15.5		%	16.2		%	16.1		%	15.5		%	16.3		%	16.9		%		13.8		%	13.3		%	13.9		%	14.4		%	13.1		%	13.2		%	13.9		%

Total capital	$	19,799		$	20,226		$	20,608		$	20,261		$	20,085		$	20,697		$	21,165			$	19,978		$	20,418		$	20,792		$	20,446		$	20,234		$	20,850		$	21,315
Total risk-based capital ratio	17.3		%	17.0		%	17.8		%	17.7		%	17.0		%	17.8		%	18.4		%		15.3		%	14.8		%	15.5		%	16.1		%	14.5		%	14.5		%	15.2		%

Tier 1 capital	$	17,921		$	18,350		$	18,715		$	18,371		$	18,357		$	18,984		$	19,488			$	17,921		$	18,350		$	18,715		$	18,371		$	18,357		$	18,984		$	19,488
Adjusted average assets (Tier 1)(3)	328,520			344,822			331,553			332,978			342,329			357,537			353,876				328,520			344,822			331,553			332,978			342,329			357,537			353,876
Tier 1 leverage ratio	5.5		%	5.3		%	5.6		%	5.5		%	5.4		%	5.3		%	5.5		%		5.5		%	5.3		%	5.6		%	5.5		%	5.4		%	5.3		%	5.5		%

On-and off-balance sheet leverage exposure	$	286,035		$	300,585		$	300,388		$	294,138		$	299,379		$	315,880		$	312,859			$	286,035		$	300,585		$	300,388		$	294,138		$	299,379		$	315,880		$	312,859
Less: regulatory deductions	(8,771)			(8,957)			(8,927)			(9,470)			(9,385)			(9,284)			(9,222)				(8,771)			(8,957)			(8,927)			(9,470)			(9,385)			(9,284)			(9,222)
Leverage exposure (SLR)	277,264			291,628			291,461			284,668			289,994			306,596			303,637				277,264			291,628			291,461			284,668			289,994			306,596			303,637
Supplementary leverage ratio(4)	6.5		%	6.3		%	6.4		%	6.5		%	6.3		%	6.2		%	6.4		%		6.5		%	6.3		%	6.4		%	6.5		%	6.3		%	6.2		%	6.4		%

(1) CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2026 are estimates.
(2) CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2026 are estimates.
(3) Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions.
(4) We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 0.5% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives.


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATIONS OF TANGIBLE BOOK VALUE PER SHARE AND RETURN ON TANGIBLE COMMON EQUITY

The tangible book value per common share (TBVPS) and return on average tangible common equity (ROTCE) are ratios that management believes provide context about State Street's use of equity. The TBVPS ratio is calculated by dividing the period end tangible common equity by total common shares outstanding. The ROTCE ratio is calculated by dividing annualized net income available to common shareholders for the relevant period by average tangible common equity. Period end and average tangible common equity reflected in the TBVPS and ROTCE ratios are both non-GAAP measures which reduce period end and average common shareholders' equity, by period end and average goodwill and other intangible assets, net of related deferred taxes. Since there is no authoritative requirement to calculate the TBVPS and ROTCE ratios, our TBVPS and ROTCE ratios are not necessarily comparable to similar measures disclosed or used by other companies in the financial services industry. TBVPS and ROTCE are non-GAAP financial measures and should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP or other applicable requirements. Reconciliations with respect to the calculation of these ratios are presented below.

	Quarters
(Dollars in millions, except per share amounts, or where otherwise noted)	1Q25			2Q25			3Q25			4Q25			1Q26			2Q26			3Q26
Tangible common equity - period end:
Total shareholders' equity	$	26,692		$	27,307		$	27,642		$	27,841		$	27,742		$	28,268		$	28,710
Less:
Preferred stock	3,559			3,559			3,559			3,559			3,559			3,559			4,055
Common shareholders' equity	23,133			23,748			24,083			24,282			24,183			24,709			24,655
Less:
Goodwill	7,763			7,918			7,916			8,159			8,121			8,106			8,094
Other intangible assets	1,046			1,014			958			935			872			816			763
Plus:
Related deferred tax liabilities	465			479			473			478			480			484			488
Tangible common shareholders' equity - Non-GAAP	$	14,789		$	15,295		$	15,682		$	15,666		$	15,670		$	16,271		$	16,286

Total common shares outstanding - period end (in thousands)	288,676			285,562			282,218			279,078			276,925			274,703			272,828
Book value per common share	$	80.13		$	83.16		$	85.33		$	87.01		$	87.33		$	89.95		$	90.37
Tangible book value per common share - Non-GAAP	51.23			53.56			55.57			56.13			56.59			59.23			59.69

	Quarters																					Year-to-Date
(Dollars in millions, except where otherwise noted)	1Q25			2Q25			3Q25			4Q25			1Q26			2Q26			3Q26				2025			2026
Tangible common equity - average:
Average common shareholders' equity	$	22,847		$	23,496		$	23,772		$	24,167		$	24,555		$	24,581		$	24,837			$	23,376		$	24,660
Less:
Average goodwill	7,717			7,854			7,906			7,971			8,154			8,143			8,122				7,827			8,140
Average other intangible assets	1,065			1,029			982			962			902			844			790				1,025			845
Plus:
Related deferred tax liabilities	462			472			476			475			479			482			487				470			483
Average tangible common shareholders' equity - Non-GAAP	$	14,527		$	15,085		$	15,360		$	15,709		$	15,978		$	16,076		$	16,412			$	14,994		$	16,158

Net income available to common shareholders	$	597		$	630		$	802		$	688		$	705		$	1,026		$	1,030			$	2,029		$	2,761
Net income available to common shareholders, excluding notable items(1)	597			733			802			845			803			1,026			1,030				2,132			2,859

Return on average tangible common equity - Non-GAAP(2)	16.4		%	16.7		%	20.9		%	17.5		%	17.6		%	25.5		%	25.1		%		18.0		%	22.8		%
Return on average tangible common equity, excluding notable items - Non-GAAP(2)	16.4			19.4			20.9			21.5			20.1			25.5			25.1				19.0			23.6

(1) Refer to Reconciliations of non-GAAP Financial Information pages for a reconciliation of net income available to common shareholders, excluding notable items.
(2) Return on average tangible common equity, excluding notable items - non-GAAP is calculated by dividing annualized net income available to common shareholders, excluding notable items for the relevant period by average tangible common equity.


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION
In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street’s normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street’s business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street’s business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results.
Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP.

	Quarters														% Change						Year-to-Date			% Change
(Dollars in millions)	1Q25		2Q25		3Q25		4Q25		1Q26		2Q26		3Q26			3Q26 vs. 3Q25			3Q26 vs. 2Q26			2025		2026		YTD2026 vs. YTD2025
Fee Revenue:
Total fee revenue, GAAP-basis	$	2,570	$	2,719	$	2,829	$	2,862	$	2,960	$	3,188	$	3,140		11.0	%		(1.5)	%		$	8,118	$	9,288	14.4	%
Less: Notable items:
Foreign exchange trading services(1)	—		(3)		—		—		—		—		—			—			—			(3)		—		nm
Client rescoping (revenue impact)(2)	—		24		—		—		—		—		—			—			—			24		—		nm
Total fee revenue, excluding notable items	$	2,570	$	2,740	$	2,829	$	2,862	$	2,960	$	3,188	$	3,140		11.0			(1.5)			$	8,139	$	9,288	14.1

Total Revenue:
Total revenue, GAAP-basis	$	3,284	$	3,448	$	3,545	$	3,667	$	3,796	$	4,048	$	4,004		12.9	%		(1.1)	%		$	10,277	$	11,848	15.3	%
Less: Notable items:
Foreign exchange trading services(1)	—		(3)		—		—		—		—		—			—			—			(3)		—		nm
Client rescoping (revenue impact)(2)	—		24		—		—		—		—		—			—			—			24		—		nm
Total revenue, excluding notable items	$	3,284	$	3,469	$	3,545	$	3,667	$	3,796	$	4,048	$	4,004		12.9			(1.1)			$	10,298	$	11,848	15.1

Expenses:
Total expenses, GAAP-basis	$	2,450	$	2,529	$	2,434	$	2,741	$	2,811	$	2,659	$	2,620		7.6	%		(1.5)	%		$	7,413	$	8,090	9.1	%
Less: Notable items:
Repositioning charges(3)	—		(100)		—		(226)		(89)		—		—			—			—			(100)		(89)		(11.0)
Client rescoping (expense impact)(2)	—		(18)		—		—		(41)		—		—			—			—			(18)		(41)		nm
Other notable items(4)	—		1		—		20		—		—		—			—			—			1		—		nm
Total expenses, excluding notable items	2,450		2,412		2,434		2,535		2,681		2,659		2,620			7.6			(1.5)			7,296		7,960		9.1
Seasonal expenses	(155)		—		—		—		(169)		—		—			—			—			(155)		(169)		9.0
Total expenses, excluding notable items and seasonal expenses	$	2,295	$	2,412	$	2,434	$	2,535	$	2,512	$	2,659	$	2,620		7.6			(1.5)			$	7,141	$	7,791	9.1

Fee Operating Leverage, GAAP-Basis:
Total fee revenue, GAAP-basis	$	2,570	$	2,719	$	2,829	$	2,862	$	2,960	$	3,188	$	3,140		10.99	%		(1.51)	%		$	8,118	$	9,288	14.41	%
Total expenses, GAAP-basis	2,450		2,529		2,434		2,741		2,811		2,659		2,620			7.64			(1.47)			7,413		8,090		9.13
Fee operating leverage, GAAP-basis(5)																335		bps	(4)		bps					528		bps

Fee Operating Leverage, excluding notable items:
Total fee revenue, excluding notable items (as reconciled above)	$	2,570	$	2,740	$	2,829	$	2,862	$	2,960	$	3,188	$	3,140		10.99	%		(1.51)	%		$	8,139	$	9,288	14.12	%
Total expenses, excluding notable items (as reconciled above)	2,450		2,412		2,434		2,535		2,681		2,659		2,620			7.64			(1.47)			7,296		7,960		9.10
Fee operating leverage, excluding notable items(6)																335		bps	(4)		bps					502		bps

Operating Leverage, GAAP-Basis:
Total revenue, GAAP-basis	$	3,284	$	3,448	$	3,545	$	3,667	$	3,796	$	4,048	$	4,004		12.95	%		(1.09)	%		$	10,277	$	11,848	15.29	%
Total expenses, GAAP-basis	2,450		2,529		2,434		2,741		2,811		2,659		2,620			7.64			(1.47)			7,413		8,090		9.13
Operating leverage, GAAP-basis(7)																531		bps	38		bps					616		bps

Operating Leverage, excluding notable items:
Total revenue, excluding notable items (as reconciled above)	$	3,284	$	3,469	$	3,545	$	3,667	$	3,796	$	4,048	$	4,004		12.95	%		(1.09)	%		$	10,298	$	11,848	15.05	%
Total expenses, excluding notable items (as reconciled above)	2,450		2,412		2,434		2,535		2,681		2,659		2,620			7.64			(1.47)			7,296		7,960		9.10
Operating leverage, excluding notable items(8)																531		bps	38		bps					595		bps


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)

	Quarters														% Change					Year-to-Date			% Change
(Dollars in millions, except earnings per share, or where otherwise noted)	1Q25		2Q25		3Q25		4Q25		1Q26		2Q26		3Q26			3Q26 vs. 3Q25		3Q26 vs. 2Q26			2025		2026		YTD2026 vs. YTD2025




















Income Before Income Tax Expense:
Income before income tax expense, GAAP-basis	$	822	$	889	$	1,102	$	918	$	969	$	1,389	$	1,388		26.0	%	(0.1)	%		$	2,813	$	3,746	33.2	%
Less: Notable items
Foreign exchange trading services(1)	—		(3)		—		—		—		—		—								(3)		—
Client rescoping (revenue impact)(2)	—		24		—		—		—		—		—								24		—
Repositioning charges(3)	—		100		—		226		89		—		—								100		89
Client rescoping (expense impact)(2)	—		18		—		—		41		—		—								18		41
Other notable items(4)	—		(1)		—		(20)		—		—		—								(1)		—
Income before income tax expense, excluding notable items	$	822	$	1,027	$	1,102	$	1,124	$	1,099	$	1,389	$	1,388		26.0		(0.1)			$	2,951	$	3,876	31.3

Net Income:
Net Income, GAAP-basis	$	644	$	693	$	861	$	747	$	764	$	1,084	$	1,090		26.6	%	0.6	%		$	2,198	$	2,938	33.7	%
Less: Notable items
Foreign exchange trading services(1)	—		(3)		—		—		—		—		—								(3)		—
Client rescoping (revenue impact)(2)	—		24		—		—		—		—		—								24		—
Repositioning charges(3)	—		100		—		226		89		—		—								100		89
Client rescoping (expense impact)(2)	—		18		—		—		41		—		—								18		41
Other notable items(4)	—		(1)		—		(20)		—		—		—								(1)		—
Tax impact of notable items	—		(35)		—		(49)		(32)		—		—								(35)		(32)
Net Income, excluding notable items	$	644	$	796	$	861	$	904	$	862	$	1,084	$	1,090		26.6		0.6			$	2,301	$	3,036	31.9

Net Income Available to Common Shareholders:
Net Income Available to Common Shareholders, GAAP-basis	$	597	$	630	$	802	$	688	$	705	$	1,026	$	1,030		28.4	%	0.4	%		$	2,029	$	2,761	36.1	%
Less: Notable items
Foreign exchange trading services(1)	—		(3)		—		—		—		—		—								(3)		—
Client rescoping (revenue impact)(2)	—		24		—		—		—		—		—								24		—
Repositioning charges(3)	—		100		—		226		89		—		—								100		89
Client rescoping (expense impact)(2)	—		18		—		—		41		—		—								18		41
Other notable items(4)	—		(1)		—		(20)		—		—		—								(1)		—
Tax impact of notable items	—		(35)		—		(49)		(32)		—		—								(35)		(32)
Net Income Available to Common Shareholders, excluding notable items	$	597	$	733	$	802	$	845	$	803	$	1,026	$	1,030		28.4		0.4			$	2,132	$	2,859	34.1


Diluted Earnings per Share:
Diluted earnings per share, GAAP-basis	$	2.04	$	2.17	$	2.78	$	2.42	$	2.49	$	3.65	$	3.69		32.7	%	1.1	%		$	6.98	$	9.82	40.7	%
Less: Notable items
Foreign exchange trading services(1)	—		(0.01)		—		—		—		—		—								(0.01)		—
Client rescoping (revenue impact)(2)	—		0.06		—		—		—		—		—								0.06		—



Repositioning charges(3)	—		0.26		—		0.60		0.24		—		—								0.26		0.24
Client rescoping (expense impact)(2)	—		0.05		—		—		0.11		—		—								0.05		0.11


Other notable items(4)	—		—		—		(0.05)		—		—		—								—		—
Diluted earnings per share, excluding notable items	$	2.04	$	2.53	$	2.78	$	2.97	$	2.84	$	3.65	$	3.69		32.7		1.1			$	7.34	$	10.17	38.6	%


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)


	Quarters														% Change						Year-to-Date			% Change
(Dollars in millions, except earnings per share, or where otherwise noted)	1Q25		2Q25		3Q25		4Q25		1Q26		2Q26		3Q26			3Q26 vs. 3Q25			3Q26 vs. 2Q26			2025		2026		YTD2026 vs. YTD2025






































Pre-tax Margin:
Pre-tax margin, GAAP-basis(9)	25.0	%	25.8	%	31.1	%	25.0	%	25.5	%	34.3	%	34.6	%		3.5	%	pts	0.3	%	pts	27.4	%	31.6	%	4.2	%	pts
Less: Notable items
Foreign exchange trading services(1)	—		(0.1)		—		—		—		—		—									—		—
Client rescoping (revenue impact)(2)	—		0.7		—		—		—		—		—									0.2		—



Repositioning charges(3)	—		2.7		—		6.3		2.4		—		—									0.9		0.8
Client rescoping (expense impact)(2)	—		0.5		—		—		1.1		—		—									0.2		0.3


Other notable items(4)	—		—		—		(0.6)		—		—		—									—		—
Pre-tax margin, excluding notable items	25.0	%	29.6	%	31.1	%	30.7	%	29.0	%	34.3	%	34.6	%		3.5			0.3			28.7	%	32.7	%	4.0

Return on Average Common Equity:
Return on average common equity, GAAP-basis	10.6	%	10.8	%	13.4	%	11.3	%	11.6	%	16.7	%	16.4	%		3.0	%	pts	(0.3)	%	pts	11.6	%	15.0	%	3.4	%	pts
Less: Notable items
Foreign exchange trading services(1)	—		(0.1)		—		—		—		—		—									—		—
Client rescoping (revenue impact)(2)	—		0.4		—		—		—		—		—									0.1		—



Repositioning charges(3)	—		1.7		—		3.7		1.5		—		—									0.6		0.5
Client rescoping (expense impact)(2)	—		0.3		—		—		0.7		—		—									0.1		0.2


Other notable items(4)	—		—		—		(0.3)		—		—		—									—		—
Tax impact of notable items	—		(0.6)		—		(0.8)		(0.5)		—		—									(0.2)		(0.2)
Return on average common equity, excluding notable items	10.6	%	12.5	%	13.4	%	13.9	%	13.3	%	16.7	%	16.4	%		3.0			(0.3)			12.2	%	15.5	%	3.3



















Effective Tax Rate:
Effective tax rate, GAAP-basis	21.7	%	22.0	%	21.9	%	18.6	%	21.2	%	21.9	%	21.5	%		(0.4)	%	pts	(0.4)	%	pts	21.9	%	21.6	%	(0.3)	%	pts
Less: Notable items
Foreign exchange trading services(1)	—		—		—		—		—		—		—									—		—
Client rescoping (revenue impact)(2)	—		0.1		—		—		—		—		—									—		—



Repositioning charges(3)	—		0.4		—		1.1		0.3		—		—									0.1		0.1
Client rescoping (expense impact)(2)	—		—		—		—		0.1		—		—									—		—


Other notable items(4)	—		—		—		(0.1)		—		—		—									—		—
Effective tax rate, excluding notable items	21.7	%	22.5	%	21.9	%	19.6	%	21.6	%	21.9	%	21.5	%		(0.4)			(0.4)			22.0	%	21.7	%	(0.3)










(1) Amounts in 2025 consist of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue.
(2) Client rescoping of $41 million in the first quarter of 2026 reflected in information systems and communications. Amount in 2025 related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in software services and $18 million is reflected in information systems and communications.




(3) Repositioning charges of $89 million in the first quarter of 2026 represents a $79 million charge reflected in compensation and employee benefits primarily from workforce rationalization and a $1 million charge reflected in occupancy costs associated with real estate footprint optimization. Additional repositioning charges include $9 million of operating model changes reflected in information systems and communications. Amounts in the fourth quarter of 2025 include a charge of $111 million, reflected in compensation and employee benefits primarily from workforce rationalization, a $69 million charge reflected in occupancy costs associated with real estate footprint optimization and additional repositioning charges (net) include operating model changes of $24 million and $22 million reflected in information systems and communications and other expenses, respectively. The amount in the second quarter of 2025 includes a charge of $100 million, reflected in compensation and employee benefits primarily from workforce rationalization.


(4) Amount in the fourth quarter of 2025 includes an FDIC special assessment release of $60 million and legal and related costs of $40 million reflected in other expenses and the amount in the second quarter of 2025 includes a subsequent true-up reflected in other expenses.
(5) Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses.
(6) Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items.
(7) Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses.
(8) Calculated as the period-over-period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items.

(9) GAAP-basis pre-tax margin for the first quarter of 2026 of 25.5% included seasonal incentive compensation and benefits expenses of $169 million as shown on page 18. Excluding seasonal expenses, pre-tax margin for the first quarter of 2026 was 30.0%.


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATIONS OF PRE-TAX MARGIN AND RETURN ON TANGIBLE COMMON EQUITY EXCLUDING NOTABLE ITEMS

(Dollars in millions, except where otherwise noted)			2022			2023			2024			2025
Total revenue:
Total revenue, GAAP-basis			$	12,148		$	11,945		$	13,000		$	13,944
		Less: Fee revenue	(23)			—			(15)			(3)
		Less: Total other income	—			—			(66)			—

		Add: Client rescoping (revenue impact)	—			—			—			24
		Add: (Gains) losses related to investment securities, net	—			294			81			—
Total revenue, excluding notable items			12,125			12,239			13,000			13,965

Provision for credit losses			20			46			75			59
Total expenses:
Total expenses, GAAP-basis			8,801			9,583			9,530			10,154
	Less: Notable expense items:
		Acquisition and restructuring costs	(65)			15			—			—
		Deferred compensation expense acceleration	—			—			(79)			—
		Repositioning (charges) / release	(70)			(203)			2			(326)
		Client rescoping (expense impact)	—			—			—			(18)
		Other notable items	—			(432)			(111)			21
Total expenses, excluding notable items			8,666			8,963			9,342			9,831
Income before income tax expense, excluding notable items			$	3,439		$	3,230		$	3,583		$	4,075

Income before income tax expense, GAAP-basis			$	3,327		$	2,316		$	3,395		$	3,731

Pre-tax margin, excluding notable items			28.4		%	26.4		%	27.6		%	29.2		%
Pre-tax margin, GAAP-basis			27.4			19.4			26.1			26.8

Tangible common equity - average:
Average common shareholders' equity			$	23,910		$	22,201		$	22,339		$	23,575
	Less:
		Average goodwill	7,481			7,536			7,721			7,863
		Average other intangible assets	1,658			1,460			1,206			1,009
	Plus:
		Related deferred tax liabilities	493			492			462			472
Average tangible common shareholders' equity - Non-GAAP			$	15,264		$	13,697		$	13,874		$	15,175

Net income available to common shareholders			$	2,660		$	1,821		$	2,483		$	2,717
Net income available to common shareholders, excluding notable items			2,743			2,500			2,623			2,977

Return on average tangible common equity - Non-GAAP			17.4		%	13.3		%	17.9		%	17.9		%
Return on average tangible common equity, excluding notable items - Non-GAAP			18.0			18.3			18.9			19.6


STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATIONS OF CONSTANT CURRENCY FX IMPACTS

GAAP-Basis QTD Comparison	Reported						Currency Translation Impact					Excluding Currency Impact				% Change Constant Currency
(Dollars in millions)	3Q25		2Q26		3Q26		3Q26 vs. 3Q25		3Q26 vs. 2Q26			3Q26 vs. 3Q25		3Q26 vs. 2Q26		3Q26 vs. 3Q25		3Q26 vs. 2Q26
GAAP-Basis Results:
Fee revenue:
Servicing fees	$	1,357	$	1,468	$	1,492	$	(4)	$	(4)		$	1,496	$	1,496	10.2	%	1.9	%
Management fees(1)	664		772		797		(1)		—			798		797		20.2		3.2
Foreign exchange trading services(1)	364		494		427		—		—			427		427		17.3		(13.6)
Securities finance	138		150		151		—		—			151		151		9.4		0.7
Software services(1)	167		166		175		—		—			175		175		4.8		5.4
Other fee revenue(1)	139		138		98		(1)		(4)			99		102		(28.8)		(26.1)
Total fee revenue	2,829		3,188		3,140		(6)		(8)			3,146		3,148		11.2		(1.3)
Net interest income	715		860		864		(4)		(2)			868		866		21.4		0.7
Total other income	1		—		—		—		—			—		—		nm		nm
Total revenue	$	3,545	$	4,048	$	4,004	$	(10)	$	(10)		$	4,014	$	4,014	13.2		(0.8)

Expenses:
Compensation and employee benefits	$	1,162	$	1,292	$	1,251	$	(10)	$	(5)		$	1,261	$	1,256	8.5		(2.8)
Information systems and communications	517		589		594		(1)		—			595		594		15.1		0.8
Transaction processing services	276		280		286		(1)		—			287		286		4.0		2.1
Occupancy	106		96		102		(1)		—			103		102		(2.8)		6.3
Other	373		402		387		(1)		(1)			388		388		4.0		(3.5)
Total expenses	$	2,434	$	2,659	$	2,620	$	(14)	$	(6)		$	2,634	$	2,626	8.2		(1.2)

Total expenses, excluding notable items - Non-GAAP	$	2,434	$	2,659	$	2,620	$	(14)	$	(6)		$	2,634	$	2,626	8.2		(1.2)
Total non-compensation expenses, excluding notable items - Non-GAAP(2)	1,272		1,367		1,369		(4)		(1)			1,373		1,370		7.9		0.2


GAAP-Basis YTD Comparison	Reported				Currency Translation Impact		Excluding Currency Impact		% Change Constant Currency
(Dollars in millions)	2025		2026		YTD2026 vs. YTD2025		2026		YTD2026 vs. YTD2025
GAAP-Basis Results:
Fee revenue:
Servicing fees	$	3,936	$	4,369	$	41	$	4,328	10.0		%
Management fees(1)	1,851		2,293		4		2,289		23.7
Foreign exchange trading services(1)	1,094		1,356		—		1,356		23.9
Securities finance	378		417		—		417		10.3
Software services(1)	494		510		2		508		2.8
Other fee revenue(1)	365		343		7		336		(7.9)
Total fee revenue	8,118		9,288		54		9,234		13.7
Net interest income	2,158		2,559		25		2,534		17.4
Total other income	1		1		—		1		—
Total revenue	$	10,277	$	11,848	$	79	$	11,769	14.5

Expenses:
Compensation and employee benefits	$	3,704	$	3,984	$	24	$	3,960	6.9
Information systems and communications	1,537		1,820		4		1,816		18.2
Transaction processing services	794		849		4		845		6.4
Occupancy	314		299		1		298		(5.1)
Other	1,064		1,138		8		1,130		6.2
Total expenses	$	7,413	$	8,090	$	41	$	8,049	8.6

Total expenses, excluding notable items - Non-GAAP	$	7,296	$	7,960	$	41	$	7,919	8.5
Total non-compensation expenses, excluding notable items - Non-GAAP(2)	3,692		4,055		17		4,038		9.4

(1) In the first quarter of 2026, revenue related to distribution and marketing activities was reclassified from foreign exchange trading services to management fees. Additionally, lending related and other fees, previously recognized within software and processing fees, was reclassified to other fee revenue, and the software and processing fees caption has been changed to software services. Prior-period amounts have been reclassified to conform to the current presentation. These reclassifications had no impact on total fee revenue, total revenue or net income, on either a consolidated or line of business basis.
(2) Total non-compensation expenses, excluding notable items is comprised of total expenses, excluding notable items - Non-GAAP, less compensation and employee benefits, excluding notable items. Compensation and benefits, excluding notable items were $1,251 million in the third quarter of 2026, $1,292 million in the second quarter of 2026 and $1,162 million in the third quarter of 2025.
nm Denotes not meaningful



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
September 30, 2026


Table of Contents

GAAP-Basis Financial Information:
4-Year Summary of Results			2

Consolidated Results of Operations			3
Consolidated Statement of Condition			5
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis			6
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis - Year-to-Date			7
Selected Average Balances by Currency - Rates Earned and Paid			8
Investment Portfolio Holdings by Asset Class			9
Allowance for Credit Losses			11
Assets Under Custody and/or Administration			12
Assets Under Management			13
Line of Business Information			15

Capital:
Regulatory Capital			16
Reconciliations of Tangible Book Value per Share and Return on Tangible Common Equity			17

Non-GAAP Financial Information:
Reconciliations of Non-GAAP Financial Information			18
Reconciliations of Pre-tax Margin and Return on Tangible Common Equity Excluding Notable Items			21
Reconciliations of Constant Currency FX Impacts			22






This financial information should be read in conjunction with State Street's news release dated October 14, 2026.