v3.26.1
Contract revenue (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue The following table presents fee and other revenue related to contracts with customers, disaggregated by type of fee revenue, for each business segment. Business segment data has been determined on an internal management basis of accounting, rather than GAAP, which is used for consolidated financial reporting.
Disaggregation of contract revenue by business segment
Quarter ended
June 30, 2026
June 30, 2025 (a)
(in millions)Securities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotalSecurities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotal
Fee and other revenue – contract revenue:
Investment services fees$1,648 $1,207 $27 $(18)$2,864 $1,435 $1,113 $26 $(18)$2,556 
Investment management and performance fees— 3 796 (3)796 — 3 754 (3)754 
Financing-related fees19 8 — — 27 11 3 1 — 15 
Distribution and servicing fees— (34)72 — 38 1 (34)69 1 37 
Investment and other revenue75 73 (116)(2)30 72 69 (106)(3)32 
Total fee and other revenue – contract revenue1,742 1,257 779 (23)3,755 1,519 1,154 744 (23)3,394 
Fee and other revenue – not in scope of Accounting Standards Codification (“ASC”) 606 (b)(c)
304 102 30 30 466 268 94 16 41 419 
Total fee and other revenue$2,046 $1,359 $809 $7 $4,221 $1,787 $1,248 $760 $18 $3,813 
(a)    Results for the quarter ended June 30, 2025 were revised to reflect the realignment of clients in Managed Accounts Solutions from the Securities Services business segment to the Market and Wealth Services business segment in the first quarter of 2026. See Note 16 for additional information.
(b)    Primarily includes investment services fees, foreign exchange revenue, financing-related fees and investment and other revenue, all of which are accounted for using other accounting guidance.
(c)    The Investment and Wealth Management business segment is net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds of $31 million in the second quarter of 2026 and $12 million in the second quarter of 2025.


Disaggregation of contract revenue by business segment
Year-to-date
June 30, 2026
June 30, 2025 (a)
(in millions)Securities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotalSecurities ServicesMarket and Wealth ServicesInvestment and Wealth ManagementOtherTotal
Fee and other revenue – contract revenue:
Investment services fees$3,069 $2,384 $53 $(34)$5,472 $2,732 $2,192 $51 $(36)$4,939 
Investment management and performance fees— 6 1,577 (7)1,576 — 6 1,502 (6)1,502 
Financing-related fees38 18 — — 56 26 11 1 — 38 
Distribution and servicing fees1 (68)142 — 75 2 (67)137 1 73 
Investment and other revenue149 145 (229)(4)61 139 136 (209)(1)65 
Total fee and other revenue – contract revenue3,257 2,485 1,543 (45)7,240 2,899 2,278 1,482 (42)6,617 
Fee and other revenue – not in scope of ASC 606 (b)(c)
710 195 38 79 1,022 546 171 16 94 827 
Total fee and other revenue$3,967 $2,680 $1,581 $34 $8,262 $3,445 $2,449 $1,498 $52 $7,444 
(a)    Results for the six months ended June 30, 2025 were revised to reflect the realignment of clients in Managed Accounts Solutions from the Securities Services business segment to the Market and Wealth Services business segment in the first quarter of 2026. See Note 16 for additional information.
(b)    Primarily includes investment services fees, foreign exchange revenue, financing-related fees and investment and other revenue, all of which are accounted for using other accounting guidance.
(c)    The Investment and Wealth Management business segment is net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds of $29 million in the first six months of 2026 and $14 million in the first six months of 2025.