State Street

Investment Servicing and Asset Managementstatestreet.com

State Street Corporation is a global custodian and asset manager operating across 100+ markets with $54.5T in AUC/A and $5T AUM, serving institutional asset owners, asset managers, wealth platforms, and central banks through custody, fund administration, the SPDR ETF franchise, FX and securities finance, and proprietary data analytics.

Company typePublic
Founded1792
HeadquartersBoston, United States
Headcount5,001–10,000
GTM typeB2B
OfferingServices

What State Street does

State Street Corporation (NYSE: STT) is a Boston-headquartered, publicly traded financial services holding company founded in 1792, operating across four core capabilities: Investment Servicing (custody, accounting, administration, transfer agency, depositary, performance and analytics across 100+ markets supporting $54.5 trillion in AUC/A as of March 31, 2026); State Street Investment Management (formerly SSGA), which manages over $5 trillion in assets including the SPDR ETF franchise spanning SPY, the SPDR Portfolio suite of 26 building blocks (~$433B AUM), sector and gold ETFs, and active strategies; State Street Markets (GlobalLINK electronic trading, FX, securities financing across 38 markets, Global Head of Real Money FX per Euromoney 2025); and State Street Data Intelligence (PriceStats daily inflation indices across 27 countries, MediaStats sentiment indicators, Private Capital Indices, and U.S. Froth Forecasts). The business is supported by 50,000+ employees, more than $2 billion in annual technology investment, and cross-platform infrastructure including the State Street Alpha front-to-back platform and the Charles River Development (CRD) investment management system.

The company generates revenue through a diversified mix of recurring and transactional streams: asset servicing and management fees (Q1 2026 fee revenue grew 15% to $3B with management fees up 23% on $49B of net inflows), net interest income on client cash and securities financing balances, transaction-based securities finance and FX revenue, ETF expense ratios on the SPDR franchise, and data/index licensing. Pricing is quote-based for institutional servicing while ETF pricing is publicly disclosed and aggressively low-cost (e.g., SPLG at 2 bps, QNDX at 10 bps). Distribution is a hybrid of enterprise direct sales for institutional clients and intermediated channels (RIAs, broker-dealers, model portfolios, authorized participants) for SPDR ETFs, supplemented by strategic partnerships (SBI Group in Japan, Ninety One in EMEA, getquin in Germany) and digital asset infrastructure serving stablecoin issuers such as Agora and Anchorage Digital.

Recent strategic activity emphasizes offensive expansion: launches of the SSCXX Stablecoin Reserves Money Market Fund and QNDX ETF (both June 2026), acquisitions of PriceStats (November 2025) and Mizuho's Global Custody Business (February 2025), and minority investments in retail digital wealth platforms. Operating momentum is reflected in a record Q1 2026 revenue of $3.8B, diluted EPS of $2.31, ninth consecutive quarter of positive operating leverage, and a 76.45% one-year stock gain that lifted market capitalization to approximately $47 billion as of June 2026.

State Street firmographics

Firmographics

Name: State Street
Legal name: State Street Corporation
Website: https://statestreet.com
Company type: Public
Founded year: 1792
Operating status: Operating
Headcount range: 5,001–10,000 employees
Short description: State Street Corporation is a global custodian and asset manager operating across 100+ markets with $54.5T in AUC/A and $5T AUM, serving institutional asset owners, asset managers, wealth platforms, and central banks through custody, fund administration, the SPDR ETF franchise, FX and securities finance, and proprietary data analytics.
Ownership category
akta.pro rank

State Street industry classification

Industry

Product category: Investment Servicing and Asset Management
NAICS: Investment Banking and Securities Intermediation (523150), Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940)
SIC: Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Investment Advice (6282)
akta.pro primary industry: Private Client Custody & Brokerage (Execution, Reporting, Safekeeping) (FSAAABAN)
akta.pro secondary industries: Securities & Custody Operations (Safekeeping, Corporate Actions, Settlement Support) (FSABALAG), Insurance General Accounts (Institutional Asset Owners) (FSAAAGAG), Multi-Sector / Total Return Fixed Income (FSAAAHAJ), Fixed Income Mutual Funds (FSAAAEAB)

Keywords

Investment servicing
Asset management
Global custody
ETF issuer
Institutional trading

Where State Street is headquartered

Location

Headquarters

HQ city: Boston
HQ country: United States
HQ region: North America

Offices10 records

Markets served

State Street business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

Servicing & Management Fees: Recurring fee revenue from asset servicing (custody, accounting, administration, transfer agency), asset management (SPDR ETFs and segregated mandates) and securities finance; in Q1 2026 fee revenue grew 15% to $3 billion with management fees climbing 23% on $49 billion of net inflows; fee revenue guidance lifted to 7%-9%.
Net Interest Income: Earnings on client cash deposits, securities financing balances, and the company's own investment portfolio; Q1 2026 net interest income increased 7% above expectations.
Securities Finance & Lending Revenue: Agency lending, repo, peer-to-peer and prime services revenue across 38 markets; recognized as Best Securities Financing Manager at Asia Asset Management's 2026 Best of the Best Awards.
Markets & Trading Revenue: Revenue from advanced trading, FX, financing, portfolio solutions and electronic execution through GlobalLINK; ranked No. 1 Bank for Real Money Clients in Euromoney 2025 FX Awards.
Data Intelligence & Index Licensing: Revenue from licensing and subscription access to differentiated datasets and indices including PriceStats (inflation), MediaStats (sentiment), Private Capital Indices, and proprietary benchmarks (e.g., U.S. Froth Forecasts).
Investment Management Performance Fees: ETF expense ratios and active management fees on $5 trillion+ in assets under management as of March 31, 2026, including the SPDR ETF franchise across active and passive strategies.

Pricing tiers

Model	Billing	Price
Unit Pricing	Annual	SPDR Portfolio S&P 500 ETF (SPLG)
Unit Pricing	Annual	State Street SPDR Portfolio Nasdaq 100 ETF (QNDX)
Other	Multi-year contract	Institutional Investment Servicing (Custody, Accounting, Administration, Transfer Agency)
Unit Pricing	Annual	State Street Select Sector SPDR ETFs (XLK, XLF, XLE, XLV, XLI, XLP, XLU, XLB, XLY, XLRE)
Unit Pricing	Annual	SPDR Gold Shares (GLD)

Go-to-market motion1 record

Distribution channels7 records

Marketing channels8 records

State Street product offering

Product offering

Core offering

State Street provides integrated investment servicing (custody, accounting, fund administration, transfer agency, depositary services) for institutional asset owners and asset managers across 100+ markets, holding US$54.5 trillion in assets under custody and/or administration. It also operates State Street Investment Management (SSGA), which manages over $5 trillion in assets including the SPDR ETF franchise, and offers trading, FX, securities financing, and proprietary data intelligence products (PriceStats, MediaStats, Private Capital Indices).

Product overview

State Street operates as a platform-plus-modules architecture across four core capabilities: (1) Investment Servicing — providing custody, fund administration, transfer agency, depositary services, performance and analytics, and digital asset solutions across 100+ markets with US$54.5 trillion AUA as of March 31, 2026; (2) State Street Investment Management (SSGA) — issuing the SPDR ETF franchise (including the SPDR Portfolio Nasdaq 100 ETF/QNDX, SPDR Gold Shares/GLD, and the State Street DoubleLine Emerging Markets Fixed Income ETF/EMTL) and managing over $5 trillion in assets; (3) State Street Markets — delivering trading, financing, FX, and the GlobalLINK electronic trading platform; and (4) State Street Data Intelligence — providing daily inflation indices (State Street PriceStats, acquired November 2025), private capital benchmarks (State Street Private Capital Indices), and media sentiment indicators (State Street MediaStats). These modules sit on top of cross-platform infrastructure including State Street Alpha, the front-to-back platform with AI-driven capabilities, and Charles River Development (CRD), the acquired investment management platform. Recent digital-asset extensions include the State Street Stablecoin Reserves Money Market Fund (SSCXX) and the State Street Galaxy Onchain Liquidity Sweep Fund, both serving the GENIUS Act-aligned tokenized reserve infrastructure. ETF Servicing and Private Markets Solutions are dedicated sub-platforms supporting issuers across the fund lifecycle.

Differentiator

Problem solved

Functional benefit

Brands

State Street Investment Management: Asset management division delivering original and tailored investment solutions, including the SPDR ETF franchise.
State Street Global Advisors (SSGA)
SPDR
State Street Alpha
State Street Data Intelligence
State Street Stablecoin Reserves Money Market Fund (SSCXX)
State Street Galaxy Onchain Liquidity Sweep Fund
Charles River Development (CRD)

Products and services

Investment Servicing Integrated, scalable asset servicing solutions covering custody, accounting, and administration across asset classes and 100+ markets, supporting US$54.5 trillion in assets under custody and/or administration as of March 31, 2026. Targets institutional asset owners and asset managers.
State Street Investment Management (SSGA) Asset management division delivering original and tailored investment solutions, including active and passive strategies, model portfolios, and the SPDR ETF franchise. Manages over $5 trillion in assets as of March 31, 2026.
State Street Markets Provides advanced trading, financing, foreign exchange, electronic trading platforms (GlobalLINK suite), and research capabilities to help institutional investors access liquidity and optimize execution. Ranked No. 1 Bank for Real Money Clients in Euromoney 2025 FX Awards.
State Street Data Intelligence Suite of indices and indicators including PriceStats (daily inflation indices), MediaStats (sentiment), and Private Capital Indices, providing actionable insights from proprietary differentiated datasets for institutional investors and central banks.
State Street Alpha

Quantifiable outcome

Q1 2026 record revenue of US$3.8 billion, diluted EPS of US$2.31, fee revenue growth of 15% to $3 billion, management fee growth of 23% on $49 billion of net inflows (Citi price target raised to $172).
+5 more outcomes

Companies that use State Street

Customer profile

Named customers10 records

Segments6 records

Ideal customer profiles6 records

State Street technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability3 records

Feature10 records

State Street partnerships and signals

Strategic signal

Partnerships

Eleven partnerships are on record, tiered flagship apac partnership for etf expansion, core index licensing partner for qndx launch, major long-duration client and outsourcing partner, core active etf partnership in emea, flagship retail digital wealth partnership in germany, core digital asset / stablecoin infrastructure partner, flagship digital asset / stablecoin partner, materially significant acquisition expanding asset servicing scale, flagship data intelligence acquisition, core investment management platform technology (acquired) and one-off environmental/water transaction partner.

SBI Groupflagship apac partnership for etf expansionStrategic or Co-development PartnerAnna Paglia, Executive VP and Chief Business Officer at State Street Investment Management, discussed the partnership with SBI Group in a video interview from the S&P Dow Jones Indices Japan ETF Conference in Tokyo. The collaboration supports State Street's ETF expansion into Japan, leveraging SBI's local distribution and State Street's global scale.
Nasdaqcore index licensing partner for qndx launchTechnology or IntegrationNasdaq collaborated on the launch of State Street's SPDR Portfolio Nasdaq 100 ETF (QNDX), licensing the Nasdaq-100 Index. The Nasdaq Global Head of Index highlighted the partnership to expand access to the benchmark. Nine of the 10 largest U.S. publicly traded companies by market cap are included in the index.
Principal Financial Groupmajor long-duration client and outsourcing partnerStrategic or Co-development PartnerPrincipal Financial Group selected State Street to provide expanded custody, fund accounting and administration services for Principal Funds, covering approximately $215 billion in AUM as part of its U.S. wealth and retirement restructuring. The expanded mandate adds mutual fund services to a more-than-decade-long relationship covering ETFs and collective investment trusts.
Ninety One PLCcore active etf partnership in emeaStrategic or Co-development PartnerStrategic partnership between Ninety One and State Street Investment Management for active ETFs, complementing Ninety One's integration of Sanlam Investment Management (which added £18.3B in AUM). Ninety One's H2 FY2026 results highlighted the partnership alongside AUM growth of £41 billion to £171.8 billion.
getquinflagship retail digital wealth partnership in germanyStrategic or Co-development PartnerState Street Investment Management made a minority investment in getquin, a German digital wealth management platform, establishing a long-term strategic partnership. The collaboration combines State Street's portfolio construction expertise and ETF solutions with getquin's data-driven, digital-first wealth platform to serve retail investors in Germany.
Agoracore digital asset / stablecoin infrastructure partnerTechnology or IntegrationAgora manages the AUSD stablecoin with reserves custodied at State Street and managed by VanEck; raised $12M in seed funding led by Dragonfly and $50M in Series A led by Paradigm. State Street serves as the institutional custodian backing AUSD's reserves on the Monad blockchain.
Anchorage Digitalflagship digital asset / stablecoin partnerStrategic or Co-development PartnerAnchorage Digital, the first federally chartered crypto bank in the United States, is an initial investor in the State Street Stablecoin Reserves Money Market Fund (SSCXX), alongside State Street Bank and Trust Company. The partnership supports GENIUS Act-compliant stablecoin reserve management at institutional scale.
Brown Brothers Harriman (Investor Services)materially significant acquisition expanding asset servicing scaleOthersState Street Corp. agreed to acquire Brown Brothers Harriman's Investor Services business for $3.5 billion in cash in 2021. The deal expanded State Street's asset servicing capabilities and improved its competitive position globally, with the transaction expected to close by year-end 2021.
PriceStatsflagship data intelligence acquisitionOthersState Street acquired PriceStats, a long-term partner and the leading provider of daily inflation statistics derived from digitally-sourced prices covering millions of consumer products across 27 countries. The deal integrates PriceStats' data into State Street Data Intelligence, supporting real-time economic insights for institutional investors and central banks.
Charles River Development (CRD)core investment management platform technology (acquired)Technology or IntegrationCharles River Development is part of State Street's investment management platform offerings, positioning it alongside BlackRock's Aladdin and Copenhagen-based SimCorp as a viable portfolio operating system for institutional asset managers.
Australian Government (Murray-Darling Basin environmental water purchase)one-off environmental/water transaction partnerOthersThe Australian federal government announced a $430 million deal to purchase approximately 86 gigalitres of water from State Street Australia Ltd (associated with Aware Super's Argyle Fund) for environmental use under the Murray-Darling Basin Plan. State Street Australia facilitated the transaction; not a strategic commercial partnership.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

State Street competitors and assessment

Company assessment

Broad incumbents

Citigroup: Citi's Securities Services business competes with State Street in global custody and fund administration. As a much larger diversified bank, it offers overlapping capabilities but does not specialize in State Street's core asset servicing niche.
Bank of America: Bank of America competes in custody, asset management (Merrill), and securities services. As a broad incumbent with a major U.S. retail and wealth distribution footprint, it offers overlapping capabilities including ETF distribution through its advisor channels.
JPMorgan Chase: JPMorgan is a broad incumbent in custody, securities services, asset management, and markets/trading. While larger and more diversified, it overlaps directly with State Street's core institutional servicing and custody businesses, and was a peer in the 2026 Federal Reserve stress test.

Direct peers

Northern Trust: Northern Trust is a direct peer in custody, asset servicing, and asset management for institutional investors, with a comparable focus on large pensions, endowments, and asset managers. Similar business model with both custody and investment management franchises.
Invesco: Invesco's QQQ Nasdaq-100 ETF is being directly undercut by State Street's newly launched QNDX at 10 bps vs QQQ's 18 bps. Both firms compete across the broader ETF landscape including QQQ, sector ETFs, and active strategies.
BlackRock: BlackRock competes directly through its iShares ETF franchise and the Aladdin portfolio operating system, which rivals State Street's Charles River Development platform. BlackRock is the world's largest asset manager, competing with SSGA's $5T+ AUM.
BNY Mellon: BNY Mellon is State Street's closest direct competitor in global custody, fund administration, and asset management. Both serve the same institutional asset owner base with similar integrated servicing models and comparable scale (BNY Mellon has ~$50T AUC/A vs State Street's $54.5T).
Vanguard: Vanguard's VOO has overtaken State Street's SPY as the world's largest ETF, making it a direct competitor in low-cost S&P 500 ETFs. Vanguard's structural cost advantage and mutual ownership model represent the most significant competitive threat to SPDR's franchise economics.

Emerging players

Galaxy Digital: Galaxy Digital is a digital asset specialist that partnered with State Street on the State Street Galaxy Onchain Liquidity Sweep Fund. While a partner in this product, Galaxy represents an emerging competitor in institutional digital asset servicing and tokenization infrastructure.
SS&C Technologies: SS&C provides fund administration, transfer agency, and investment management software that overlaps with State Street's fund administration and Charles River Development offerings. It focuses on alternative and traditional asset managers with technology-led services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

State Street compliance and trust

Trust signal

Compliance2 records

State Street financial estimates

Financial estimate

Revenue estimate

Valuation estimate

State Street leadership team

Management profile

Number of profiles

Profiles17 records

State Street subsidiaries and ownership

Company hierarchy

Subsidiaries5 records

State Street funding detail

Funding detail

Funding overview

Funding rounds12 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

State Street M&A and investment

M&A and investment

M&A12 records

Investments29 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about State Street

What does State Street do?

Is State Street a public or private company?

State Street is a public company. It is classified as public and is currently operating.

When was State Street founded?

State Street was founded in 1792. It employs 5,001 to 10,000 people.

Where is State Street based?

State Street is headquartered in Boston, United States, in the North America region.

How does State Street make money?

Six revenue lines are on record. Servicing & Management Fees are the primary driver. The others are net Interest Income, securities Finance & Lending Revenue, markets & Trading Revenue, data Intelligence & Index Licensing and investment Management Performance Fees.

Who are State Street's main competitors?

Broad incumbents on record are Citigroup, Bank of America and JPMorgan Chase. Direct peers are Northern Trust, Invesco, BlackRock, BNY Mellon and Vanguard. Emerging players are Galaxy Digital and SS&C Technologies.

Does State Street have an API?

No public API is recorded for State Street.

What industry is State Street in?

State Street's product category is Investment Servicing and Asset Management. Its primary akta.pro industry code is FSAAABAN, Private Client Custody & Brokerage (Execution, Reporting, Safekeeping), with a secondary code of FSABALAG, Securities & Custody Operations (Safekeeping, Corporate Actions, Settlement Support). Its NAICS code is 523150 and its SIC code is 6211.