On this page of StockholderLetter.com we present the latest annual shareholder letter from STATE STREET CORP — ticker symbol STT. Reading current and past STT letters to shareholders can bring important insights into the investment thesis.
2025 Annual Report
In a world defined by complexity and change, advantage belongs to institutions that recognize change early and act with conviction. At State Street, shaping next-gen transformation is an operating discipline combining insight, innovation, and execution to turn change into opportunity. It guides how we invest, build, and evolve, strengthening performance and resilience while creating long-term value for our shareholders. Mom Partnership.
2025 ANNUAL REPORT Results. entum. Contents Appendices 2 Message From Our Chairman and CEO 1 Corporate Information 14 Financial Highlights 2 Board of Directors 18 Who We Are 3 Executive Leadership 20 Message From Our Independent Lead Director 23 Business Review 48 Financial Review (Form 10-K)
STATE STREET CORPORATION A M E S S AG E TO O U R S H A R E H O L D E R S Strength for the future Ronald P. O Hanley Chairman and CEO 2025 underscored how thoughtful, consistent strategic actions anchored in a deep understanding of the world can lead to meaningful performance. In last year s letter, I wrote about the central role of trust in everything we do, and that trust has since deepened into something even more meaningful, shaping how we partner across our work. In our industry, the pace and shape of change have accelerated driven by shifting investor demands, breakthroughs in technology, geopolitical shifts, and a dynamic regulatory landscape that combine to push the frontier of what is possible opening new avenues for growth for both us and those we serve. As client needs have taken on greater intricacy, we have innovated to enhance capabilities and develop products and solutions that would have been impossible only a few years ago. 2 We continue not only to keep pace with change, but to actively lead change fulfilling our purpose: to create better outcomes for the world s investors and the people they serve. Our strong 2025 financial results are an outcome of the choices we made throughout the year and years prior, and speak to the effectiveness of our strategy, the rigor of our execution, and our continued focus on sustainable shareholder returns. From this position of strength, we are well placed to advance the firm s next phase of repeatable growth, supported by capabilities that consistently differentiate how we operate and deliver for clients.
2025 ANNUAL REPORT Our strong 2025 nancial results are an outcome of the choices we made throughout the year and years prior, and speak to the effectiveness of our strategy, the rigor of our execution, and our continued focus on sustainable shareholder returns. A distinctive advantage that supports this momentum is our ability to partner, which we have embedded as an essential operating discipline across the firm. It is not limited to formal alliances, but serves as a core competency how we listen actively, anticipate needs, and co-create solutions; how we work with clients and industry partners to deliver solutions aligned with where they will be in the future; and how we empower teams across the firm to act with ownership and accountability. Collectively, these elements enable us to serve as our clients essential partner not only today, but as the investment landscape continues to evolve. That evolution, in turn, is being driven by powerful trends, including the maturation of investment economies, the continued democratization of investing, and the rapid expansion of private markets, wealth services, digital assets, and artificial intelligence (AI). We entered this period well positioned, with the scale, global reach, partnerships, and expertise needed to lead, and we continue to invest in the capabilities required to capture opportunity as these trends accelerate. Demand for more advanced financial infrastructure continues to rise as economies transition from savings-led to investment-driven growth. To meet this demand, we are sharpening our focus on regions within our extensive global footprint that offer high-growth opportunities, including the Middle East. As I write this letter, the ongoing conflict in the region is front of mind, and we remain focused on supporting our clients and our people with partnership, care, and continuity during periods of uncertainty. 3
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 • Benford's Law Stocks icon STT Benford's Law Stock Score = 99


STT Shareholder/Stockholder Letter Transcript:

2025 Annual Report

In a world defined by complexity and change, advantage belongs to institutions
that recognize change early and act with conviction. At State Street, shaping
next-gen transformation is an operating discipline     combining insight, innovation,
and execution to turn change into opportunity. It guides how we invest, build,
and evolve, strengthening performance and resilience while creating long-term
value for our shareholders.
Mom
Partnership.

2025 ANNUAL REPORT
Results.
entum.
Contents
Appendices
2
Message From Our Chairman and CEO
1
Corporate Information
14
Financial Highlights
2
Board of Directors
18
Who We Are
3
Executive Leadership
20
Message From Our
Independent Lead Director
23
Business Review
48
Financial Review (Form 10-K)

STATE STREET CORPORATION
A M E S S AG E TO O U R S H A R E H O L D E R S
Strength for
the future
Ronald P. O   Hanley
Chairman and CEO
2025 underscored how thoughtful, consistent
strategic actions anchored in a deep understanding of the world can lead to meaningful
performance. In last year   s letter, I wrote about
the central role of trust in everything we do,
and that trust has since deepened into something
even more meaningful, shaping how we partner
across our work. In our industry, the pace and
shape of change have accelerated     driven
by shifting investor demands, breakthroughs
in technology, geopolitical shifts, and a dynamic
regulatory landscape that combine to push the
frontier of what is possible     opening new avenues for growth for both us and those we serve.
As client needs have taken on greater intricacy,
we have innovated to enhance capabilities and
develop products and solutions that would have
been impossible only a few years ago.
2
We continue not only to keep pace with change,
but to actively lead change     fulfilling our
purpose: to create better outcomes for the
world   s investors and the people they serve.
Our strong 2025 financial results are an outcome
of the choices we made throughout the year
and years prior, and speak to the effectiveness
of our strategy, the rigor of our execution, and
our continued focus on sustainable shareholder
returns. From this position of strength, we are
well placed to advance the firm   s next phase of
repeatable growth, supported by capabilities
that consistently differentiate how we operate
and deliver for clients.

2025 ANNUAL REPORT
Our strong 2025    nancial results are an outcome of the
choices we made throughout the year and years prior,
and speak to the effectiveness of our strategy, the rigor of
our execution, and our continued focus on sustainable
shareholder returns.
A distinctive advantage that supports this
momentum is our ability to partner, which we have
embedded as an essential operating discipline
across the firm. It is not limited to formal alliances,
but serves as a core competency     how we
listen actively, anticipate needs, and co-create
solutions; how we work with clients and industry
partners to deliver solutions aligned with where
they will be in the future; and how we empower
teams across the firm to act with ownership
and accountability. Collectively, these elements
enable us to serve as our clients    essential partner
not only today, but as the investment landscape
continues to evolve.
That evolution, in turn, is being driven by powerful
trends, including the maturation of investment
economies, the continued democratization
of investing, and the rapid expansion of private
markets, wealth services, digital assets,
and artificial intelligence (AI). We entered this
period well positioned, with the scale, global
reach, partnerships, and expertise needed
to lead, and we continue to invest in the
capabilities required to capture opportunity
as these trends accelerate.
Demand for more advanced financial infrastructure continues to rise as economies transition
from savings-led to investment-driven growth.
To meet this demand, we are sharpening our
focus on regions within our extensive global
footprint that offer high-growth opportunities,
including the Middle East. As I write this letter,
the ongoing conflict in the region is front of
mind, and we remain focused on supporting
our clients and our people with partnership, care,
and continuity during periods of uncertainty.
3


shareholder letter icon 4/8/2026 Letter Continued (Full PDF)
 

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