Company profile
State Street
A custodian that bought its way into front-office software
State Street's core is custody and fund administration for institutional investors. Buying Charles River in 2018 gave it a front-office order and portfolio system; State Street Alpha joins that front office to its own back-office servicing, so clients can buy the software alone or bundled with custody.
Founded
1792
Headquarters
Boston
Ownership
NYSE: STT
Revenue
$13.0B
FY 2024
Under custody
~$49T
Q3 2025
AUM
~$5.4T
Q3 2025
Employees
~53,000
2024
Official websiteWhere the money is
39% of revenue comes from custody & servicing fees
Each block is sized by its share of $13.0B revenue (FY 2024).
Custody & servicing fees
$5.1B
Custody · 39%
Custody, fund accounting and administration fees.
Interest on client cash
$2.9B
Custody · 22%
Net interest income, mostly on deposits held for custody clients.
Asset management
$2.2B
Asset management · 17%
Management fees at State Street Global Advisors / SPDR.
Markets & securities finance
$1.8B
Services · 14%
FX trading and securities lending for clients.
Software & processing
$0.9B
Software · 7%
Charles River, Alpha and processing fees.
Other
$0.1B
Services · 1%
Other fee revenue.
What State Street sells
Software and data: a front office bought in, joined to its custody
Rows are what they sell, columns are who buys it. Darker cells cover more capabilities, weighted toward flagship strengths. Tap an offering for detail.
Asset management
Wealth
Capital markets
Banking
Product by product
What each of State Street's products actually does
State Street's software is mostly Charles River, which it now bundles with its own accounting and servicing as State Street Alpha. The bar shows where each product is strongest: front, middle or back office. Darker means stronger.
Acquisitions
$3.4B in disclosed deals: $3.4B for software and data, $0M for business lines
Colour shows what was bought; size shows the price in 2026 dollars (US consumer prices). Small hollow dots: price not disclosed. Dashed: deal abandoned. Tap a deal to see what it added.
Competitors and peers
Who State Street is up against, and where
Grouped by how they compete. A firm can be a software rival without being a business rival.
Head-to-head in software and data
BlackRock
Aladdin competes with Charles River and Alpha as a front-to-back platform. The two are not business rivals.
Company page
SimCorp
SimCorp Dimension is another front-to-back investment platform.
SS&C
Sells both investment software and fund administration, like State Street.
Clearwater Analytics
Competes on investment accounting and, after Enfusion, front office.