Investment Servicing — Noninterest Expense
State Street Investment Servicing — Noninterest Expense increased by 6.9% to $2.19B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.4%, from $2.02B to $2.19B. Over 4 years (FY 2021 to FY 2025), Investment Servicing — Noninterest Expense shows an upward trend with a 2.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests rising operational costs or investments in infrastructure, while a decrease indicates successful cost-cutting or improved operational efficiency.
Detailed definition
This metric represents the total operating costs, excluding interest-related expenses, incurred by the investment servic...
Peer comparison
Comparable to non-interest operating expenses in the custody or fund administration segments of global financial services peers like BNY Mellon or Northern Trust.
stt_segment_investment_servicing_noninterest_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.76B | $1.76B | $1.79B | $1.93B | $1.77B | $1.76B | $1.81B | $1.98B | $1.85B | $1.80B | $1.79B | $1.96B | $1.88B | $1.89B | $1.95B | $2.02B | $2.00B | $1.99B | $2.05B | $2.19B |
| QoQ Change | — | +0.0% | +2.2% | +7.4% | -8.2% | -0.4% | +2.7% | +9.4% | -6.5% | -2.8% | -0.6% | +9.8% | -4.2% | +0.6% | +3.3% | +3.4% | -1.2% | -0.1% | +2.7% | +6.9% |
| YoY Change | — | — | — | — | +0.7% | +0.3% | +0.8% | +2.8% | +4.7% | +2.2% | -1.2% | -0.8% | +1.6% | +5.2% | +9.3% | +2.9% | +6.1% | +5.4% | +4.9% | +8.4% |
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Frequently Asked Questions
- What is State Street's investment servicing — noninterest expense?
- State Street (STT) reported investment servicing — noninterest expense of $2.19B in Q1 2026.
- How has State Street's investment servicing — noninterest expense changed year-over-year?
- State Street's investment servicing — noninterest expense increased by 8.4% year-over-year, from $2.02B to $2.19B.
- What is the long-term trend for State Street's investment servicing — noninterest expense?
- Over 4 years (2021 to 2025), State Street's investment servicing — noninterest expense has grown at a 2.9% compound annual growth rate (CAGR), from $7.18B to $8.06B.
- What does investment servicing — noninterest expense mean?
- The total operating costs required to run the investment servicing business segment, excluding interest expenses.