Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue by Category

In the following table, revenue is disaggregated by our two lines of business and by revenue stream for which the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The amounts in the “Other” columns were not allocated to our business lines.

	Year Ended December 31, 2025
	Investment Servicing						Investment Management						Other						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2025
Servicing fees	$	5,324	$	—	$	5,324	$	—	$	—	$	—	$	—	$	—	$	—	$	5,324
Management fees	—		—		—		2,398		—		2,398		—		—		—		2,398
Foreign exchange trading services	414		1,027		1,441		170		—		170		—		3		3		1,614
Securities finance	212		269		481		—		24		24		—		—		—		505
Software and processing fees	731		196		927		—		—		—		(24)		—		(24)		903
Other fee revenue	—		209		209		—		27		27		—		—		—		236
Total fee revenue	6,681		1,701		8,382		2,568		51		2,619		(24)		3		(21)		10,980
Net interest income	—		2,945		2,945		—		15		15		—		—		—		2,960
Total other income	—		4		4		—		—		—		—		—		—		4
Total revenue	$	6,681	$	4,650	$	11,331	$	2,568	$	66	$	2,634	$	(24)	$	3	$	(21)	$	13,944
	Year Ended December 31, 2024
	Investment Servicing						Investment Management						Other						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2024
Servicing fees	$	5,016	$	—	$	5,016	$	—	$	—	$	—	$	—	$	—	$	—	$	5,016
Management fees	—		—		—		2,124		—		2,124		—		—		—		2,124
Foreign exchange trading services	386		862		1,248		138		—		138		—		15		15		1,401
Securities finance	185		230		415		—		23		23		—		—		—		438
Software and processing fees	685		203		888		—		—		—		—		—		—		888
Other fee revenue	—		188		188		—		35		35		—		66		66		289
Total fee revenue	6,272		1,483		7,755		2,262		58		2,320		—		81		81		10,156
Net interest income	—		2,899		2,899		—		24		24		—		—		—		2,923
Total other income	—		2		2		—		—		—		—		(81)		(81)		(79)
Total revenue	$	6,272	$	4,384	$	10,656	$	2,262	$	82	$	2,344	$	—	$	—	$	—	$	13,000
	Year Ended December 31, 2023
	Investment Servicing						Investment Management						Other						Total
(Dollars in millions)	Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		Topic 606 revenue		All other revenue		Total		2023
Servicing fees	$	4,922	$	—	$	4,922	$	—	$	—	$	—	$	—	$	—	$	—	$	4,922
Management fees	—		—		—		1,876		—		1,876		—		—		—		1,876
Foreign exchange trading services	344		796		1,140		125		—		125		—		—		—		1,265
Securities finance	225		177		402		—		24		24		—		—		—		426
Software and processing fees	627		184		811		—		—		—		—		—		—		811
Other fee revenue	—		145		145		—		35		35		—		—		—		180
Total fee revenue	6,118		1,302		7,420		2,001		59		2,060		—		—		—		9,480
Net interest income	—		2,740		2,740		—		19		19		—		—		—		2,759
Total other income	—		—		—		—		—		—		—		(294)		(294)		(294)
Total revenue	$	6,118	$	4,042	$	10,160	$	2,001	$	78	$	2,079	$	—	$	(294)	$	(294)	$	11,945

The following table presents our U.S. and non-U.S. financial results for the periods indicated:

	Years Ended December 31,
	2025						2024						2023
(In millions)	Non-U.S.(1)		U.S.		Total		Non-U.S.(1)		U.S.		Total		Non-U.S.(1)		U.S.		Total
Total revenue	$	5,936	$	8,008	$	13,944	$	5,485	$	7,515	$	13,000	$	5,108	$	6,837	$	11,945
Income before income tax expense	1,493		2,238		3,731		1,376		2,019		3,395		1,057		1,259		2,316

(1) Geographic mix is generally based on the domicile of the entity servicing the funds and is not necessarily representative of the underlying asset mix.