Revenue and Net Interest Income Expansion
Total revenue for Q2 FY2026 grew 17% year-over-year to $4.05B, propelled by a 17% increase in total fee revenue to $3.19B and an 18% increase in Net Interest Income (NII) to $860M. NII growth was primarily driven by a 17 bps expansion in Net Interest Margin.
Record Assets Under Custody/Administration and Management
Assets Under Custody and/or Administration (AUC/A) reached $57.86T as of June 30, 2026, up 18% year-over-year due to higher market levels, client flows, and net new business. Assets Under Management (AUM) expanded 23% year-over-year to $6.28T.
Operating Expense Management and Margin Growth
Total expenses grew 5% year-over-year to $2.66B, driven by higher revenue-related costs and strategic investments, offset by the absence of prior-year notable items ($138M in Q2 2025). Pre-tax margin expanded significantly to 34.3% from 25.8% in Q2 2025.