# STATE STREET CORP

Summary updated: 2026-09-28T11:57:57.041521Z
Canonical: https://finbar.com/research/companies/state-street

## Overview

State Street Corporation is a Boston-based financial services company serving institutional investors. Its two principal businesses are Investment Servicing, which includes custody, fund administration, investment operations, and markets and financing services, and Investment Management, which offers investment strategies and products including exchange-traded funds. [1](https://app.finbar.com/go?id=P13219250)[2](https://app.finbar.com/go?id=P73984524)[3](https://app.finbar.com/go?id=P106100201)[4](https://app.finbar.com/go?id=P86008138)

State Street traces its history to 1792 and describes its purpose as creating better outcomes for investors and the people they serve. [5](https://www.statestreet.com/us/en/about/our-story) In 2025, it reported $13.944 billion in revenue; at year-end it had approximately 52,000 employees, operated in more than 100 geographic markets, and reported $53.80 trillion in assets under custody and/or administration and $5.67 trillion in assets under management. [6](https://app.finbar.com/go?id=T14005560)[7](https://app.finbar.com/go?id=P66631602)
[1](https://app.finbar.com/go?id=P13219250)[2](https://app.finbar.com/go?id=P73984524)[3](https://app.finbar.com/go?id=P106100201)[4](https://app.finbar.com/go?id=P86008138)[6](https://app.finbar.com/go?id=T14005560)[7](https://app.finbar.com/go?id=P66631602)[5](https://www.statestreet.com/us/en/about/our-story)

## Products & services

State Street’s investment-servicing products cover custody and safekeeping, fund accounting and administration, transfer agency and investor recordkeeping, client reporting, and investment-book-of-record services. It also offers foreign-exchange trading, securities lending, financing and cash-management services for institutional investors. [8](https://www.sec.gov/Archives/edgar/data/93751/000009375125000111/stt-20241231.htm)[9](https://www.statestreet.com/us/en/solutions/investor-servicing)[10](https://www.statestreet.com/us/en/solutions/financing-solutions)

State Street Alpha combines front-office investment technology with middle- and back-office services. Its Charles River Investment Management Solution supports multi-asset portfolio and risk management, trading, compliance and post-trade workflows; the cloud-native Alpha Data Platform brings together internal and third-party investment data for near-real-time access and analysis. [11](https://www.statestreet.com/alpha)[12](https://www.crd.com/solutions/charles-river-ims/)[13](https://investors.statestreet.com/investor-news-events/press-releases/news-details/2020/State-Street-Launches-Cloud-Native-Alpha-Data-Platform-for-Institutional-and-Wealth-Managers-12-15-2020/default.aspx)

Through State Street Investment Management, the company provides index, active and quantitative investment strategies, including SPDR exchange-traded funds, fixed-income funds, money-market funds, separately managed accounts and target-retirement strategies. Its ETF range includes broad equity and bond exposures, while its cash-management range includes money-market and ultra-short bond funds. In 2025, Investment Services generated about 81% of company revenue and Investment Management about 19%; revenue is not reported for individual named products. [14](https://www.statestreet.com/us/en/about/our-story/2025-annual-report/investment-management)[15](https://www.ssga.com/us/en/institutional/capabilities/low-cost-core/spdr-portfolio-etfs)[16](https://www.ssga.com/us/en/institutional/capabilities/cash)[17](https://www.sec.gov/Archives/edgar/data/93751/000009375126000124/stt-20251231.htm)
[18](https://app.finbar.com/go?id=T10560911)[19](https://app.finbar.com/go?id=T2068840)[19](https://app.finbar.com/go?id=T2068840)[8](https://www.sec.gov/Archives/edgar/data/93751/000009375125000111/stt-20241231.htm)[9](https://www.statestreet.com/us/en/solutions/investor-servicing)[10](https://www.statestreet.com/us/en/solutions/financing-solutions)[11](https://www.statestreet.com/alpha)[12](https://www.crd.com/solutions/charles-river-ims/)[13](https://investors.statestreet.com/investor-news-events/press-releases/news-details/2020/State-Street-Launches-Cloud-Native-Alpha-Data-Platform-for-Institutional-and-Wealth-Managers-12-15-2020/default.aspx)[14](https://www.statestreet.com/us/en/about/our-story/2025-annual-report/investment-management)[15](https://www.ssga.com/us/en/institutional/capabilities/low-cost-core/spdr-portfolio-etfs)[16](https://www.ssga.com/us/en/institutional/capabilities/cash)[17](https://www.sec.gov/Archives/edgar/data/93751/000009375126000124/stt-20251231.htm)

## Geographic presence

State Street is headquartered in Boston, Massachusetts, and operates in more than 100 geographic markets. At year-end 2024, it reported 105 principal office, data-center and related-facility locations: 36 in the Americas, 31 in Europe, the Middle East and Africa, and 38 in Asia-Pacific. Its principal leased locations outside the United States included Germany, Ireland, Luxembourg, Poland, the United Kingdom, China and India. [20](https://app.finbar.com/go?id=P107138615)[21](https://app.finbar.com/go?id=P35644980)[8](https://www.sec.gov/Archives/edgar/data/93751/000009375125000111/stt-20241231.htm)

Its assets under custody and administration at year-end 2024 were approximately $33.29 trillion in the Americas, $10.18 trillion in Europe and the Middle East, and $3.09 trillion in Asia-Pacific. These figures indicate the geographic distribution of client assets, not revenue. [22](https://app.finbar.com/go?id=P52488861)
[20](https://app.finbar.com/go?id=P107138615)[21](https://app.finbar.com/go?id=P35644980)[23](https://app.finbar.com/go?id=T13135302)[23](https://app.finbar.com/go?id=T13135302)[23](https://app.finbar.com/go?id=T13135302)[22](https://app.finbar.com/go?id=P52488861)[8](https://www.sec.gov/Archives/edgar/data/93751/000009375125000111/stt-20241231.htm)

## Business segments

State Street reports two business segments: Investment Servicing and Investment Management. Investment Servicing provides institutional clients with custody, fund accounting and administration, recordkeeping, investment data and analytics, and back-, middle- and front-office services. It also offers foreign-exchange and brokerage services, securities finance, and deposit and short-term investment facilities. In 2025, it generated $11.331 billion in revenue, approximately 81% of consolidated revenue. [24](https://app.finbar.com/go?id=P82414440)[25](https://app.finbar.com/go?id=P34798500)[26](https://app.finbar.com/go?id=T10104759)

Investment Management operates through State Street Investment Management, formerly State Street Global Advisors. It offers equity, fixed-income, cash, multi-asset and alternative investment strategies through ETFs, custom-indexed products, actively managed funds and mandates. Its 2025 revenue was $2.634 billion, approximately 19% of consolidated revenue. State Street also reports an “Other” column for amounts not allocated to the two segments. [27](https://app.finbar.com/go?id=P94614643)[26](https://app.finbar.com/go?id=T10104759)[28](https://app.finbar.com/go?id=P89508659)
[24](https://app.finbar.com/go?id=P82414440)[25](https://app.finbar.com/go?id=P34798500)[26](https://app.finbar.com/go?id=T10104759)[27](https://app.finbar.com/go?id=P94614643)[26](https://app.finbar.com/go?id=T10104759)[26](https://app.finbar.com/go?id=T10104759)[28](https://app.finbar.com/go?id=P89508659)

## Company history

State Street traces its banking roots to Union Bank, founded in Boston in 1792. Another predecessor, the State Street Safe Deposit and Trust Company, was incorporated in 1891. State Street Trust Company merged with National Union Bank in 1925, and the combined bank retained the State Street name. [29](http://archives.lib.state.ma.us/entities/publication/3eea0470-4d94-409b-82df-37f231ae2cd0)[30](https://archives.lib.state.ma.us/entities/archivalmaterial/80580818-0e12-48b6-9a63-bf2dcd69ef03)[31](https://www.companieshistory.com/state-street-corporation/)

State Street established an investment management division in 1978 and launched the SPDR S&P 500 ETF in 1993, an early milestone in exchange-traded funds. [32](https://www.ssga.com/us/en/about-us/who-we-are/our-history) It expanded its securities-services business through acquisitions of Deutsche Bank’s global securities-services operations in 2003, Investors Financial Services in 2007, and Intesa Sanpaolo’s securities-services business in 2010. [33](https://investors.statestreet.com/investor-news-events/press-releases/news-details/2003/State-Street-Completes-Acquisition-of-Deutsche-Banks-Global-Securities-Services-Businesses-01-31-2003/default.aspx)[34](https://www.sec.gov/Archives/edgar/data/93751/000115752307009847/a5518399ex99_1.htm)[35](https://investors.statestreet.com/investor-news-events/press-releases/news-details/2010/State-Street-Completes-Acquisition-of-Intesa-Sanpaolos-Securities-Services-Business-05-17-2010/default.aspx) Its 2018 acquisition of Charles River Development added investment-management software to its operations. [36](https://www.sec.gov/Archives/edgar/data/93751/000009375118000468/form8k-crdclose10x01x18.htm)
[29](http://archives.lib.state.ma.us/entities/publication/3eea0470-4d94-409b-82df-37f231ae2cd0)[30](https://archives.lib.state.ma.us/entities/archivalmaterial/80580818-0e12-48b6-9a63-bf2dcd69ef03)[31](https://www.companieshistory.com/state-street-corporation/)[32](https://www.ssga.com/us/en/about-us/who-we-are/our-history)[33](https://investors.statestreet.com/investor-news-events/press-releases/news-details/2003/State-Street-Completes-Acquisition-of-Deutsche-Banks-Global-Securities-Services-Businesses-01-31-2003/default.aspx)[34](https://www.sec.gov/Archives/edgar/data/93751/000115752307009847/a5518399ex99_1.htm)[35](https://investors.statestreet.com/investor-news-events/press-releases/news-details/2010/State-Street-Completes-Acquisition-of-Intesa-Sanpaolos-Securities-Services-Business-05-17-2010/default.aspx)[36](https://www.sec.gov/Archives/edgar/data/93751/000009375118000468/form8k-crdclose10x01x18.htm)[29](http://archives.lib.state.ma.us/entities/publication/3eea0470-4d94-409b-82df-37f231ae2cd0)[30](https://archives.lib.state.ma.us/entities/archivalmaterial/80580818-0e12-48b6-9a63-bf2dcd69ef03)[31](https://www.companieshistory.com/state-street-corporation/)[32](https://www.ssga.com/us/en/about-us/who-we-are/our-history)[33](https://investors.statestreet.com/investor-news-events/press-releases/news-details/2003/State-Street-Completes-Acquisition-of-Deutsche-Banks-Global-Securities-Services-Businesses-01-31-2003/default.aspx)[34](https://www.sec.gov/Archives/edgar/data/93751/000115752307009847/a5518399ex99_1.htm)[35](https://investors.statestreet.com/investor-news-events/press-releases/news-details/2010/State-Street-Completes-Acquisition-of-Intesa-Sanpaolos-Securities-Services-Business-05-17-2010/default.aspx)[36](https://www.sec.gov/Archives/edgar/data/93751/000009375118000468/form8k-crdclose10x01x18.htm)

## Sources

1. [STATE STREET CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P13219250)
2. [STATE STREET CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P73984524)
3. [STATE STREET CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P106100201)
4. [STATE STREET CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P86008138)
5. [www.statestreet.com](https://www.statestreet.com/us/en/about/our-story)
6. [STATE STREET CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T14005560)
7. [STATE STREET CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P66631602)
8. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/93751/000009375125000111/stt-20241231.htm)
9. [www.statestreet.com](https://www.statestreet.com/us/en/solutions/investor-servicing)
10. [www.statestreet.com](https://www.statestreet.com/us/en/solutions/financing-solutions)
11. [www.statestreet.com](https://www.statestreet.com/alpha)
12. [www.crd.com](https://www.crd.com/solutions/charles-river-ims/)
13. [investors.statestreet.com](https://investors.statestreet.com/investor-news-events/press-releases/news-details/2020/State-Street-Launches-Cloud-Native-Alpha-Data-Platform-for-Institutional-and-Wealth-Managers-12-15-2020/default.aspx)
14. [www.statestreet.com](https://www.statestreet.com/us/en/about/our-story/2025-annual-report/investment-management)
15. [www.ssga.com](https://www.ssga.com/us/en/institutional/capabilities/low-cost-core/spdr-portfolio-etfs)
16. [www.ssga.com](https://www.ssga.com/us/en/institutional/capabilities/cash)
17. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/93751/000009375126000124/stt-20251231.htm)
18. [STATE STREET CORP — Full financial report (2024 Y)](https://app.finbar.com/go?id=T10560911)
19. [STATE STREET CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T2068840)
20. [STATE STREET CORP — Full financial report (2024 Y)](https://app.finbar.com/go?id=P107138615)
21. [STATE STREET CORP — Full financial report (2024 Y)](https://app.finbar.com/go?id=P35644980)
22. [STATE STREET CORP — Full financial report (2024 Y)](https://app.finbar.com/go?id=P52488861)
23. [STATE STREET CORP — Full financial report (2024 Y)](https://app.finbar.com/go?id=T13135302)
24. [STATE STREET CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P82414440)
25. [STATE STREET CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P34798500)
26. [STATE STREET CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T10104759)
27. [STATE STREET CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P94614643)
28. [STATE STREET CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P89508659)
29. [archives.lib.state.ma.us](http://archives.lib.state.ma.us/entities/publication/3eea0470-4d94-409b-82df-37f231ae2cd0)
30. [archives.lib.state.ma.us](https://archives.lib.state.ma.us/entities/archivalmaterial/80580818-0e12-48b6-9a63-bf2dcd69ef03)
31. [www.companieshistory.com](https://www.companieshistory.com/state-street-corporation/)
32. [www.ssga.com](https://www.ssga.com/us/en/about-us/who-we-are/our-history)
33. [investors.statestreet.com](https://investors.statestreet.com/investor-news-events/press-releases/news-details/2003/State-Street-Completes-Acquisition-of-Deutsche-Banks-Global-Securities-Services-Businesses-01-31-2003/default.aspx)
34. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/93751/000115752307009847/a5518399ex99_1.htm)
35. [investors.statestreet.com](https://investors.statestreet.com/investor-news-events/press-releases/news-details/2010/State-Street-Completes-Acquisition-of-Intesa-Sanpaolos-Securities-Services-Business-05-17-2010/default.aspx)
36. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/93751/000009375118000468/form8k-crdclose10x01x18.htm)

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