State Street (STT) is trading higher today after reporting a Q1 2026 earnings beat, with broad-based strength across fee businesses and net interest income. The quarter featured higher revenue growth versus expectations and improved profitability metrics, helping push the stock up roughly 3% in regular trading after a stronger premarket reaction.

For the quarter ended March 31, State Street posted total revenue of $3.8 billion, topping forecasts around $3.66 billion, as fee revenue rose 15% and net interest income climbed 17% to $835 million. On an ex-notables basis, EPS came in at $2.84 versus consensus near $2.62, while GAAP EPS was reported at $2.49 with net income of $764 million.

State Street benefited from market volatility and stronger client activity, which supported servicing and trading-related fees. Reported details highlighted servicing fees of about $1.409 billion (up 11% year over year) and a notable jump in foreign exchange trading services revenue (up 29% year over year), while operating leverage improved as expenses grew more slowly than revenue—supporting margin expansion and a higher return on tangible common equity.

Investors also focused on continued shareholder returns, with about $633 million returned during the quarter through dividends and buybacks. The next catalyst is management’s commentary on sustaining fee momentum and net interest income trends, plus whether expense growth remains contained enough to preserve operating leverage if market conditions normalize.