Fidelity Investments reported a record year for revenue on Monday, when it disclosed in its annual report that revenue grew 15 percent in 2025 to $37.7 billion.
The Boston-based financial services giant’s managed assets grew 19 percent last year, to $7.1 trillion, while average daily trades by Fidelity customers rose 31 percent, to 4.4 million.
In her annual “chairman’s letter,” Abigail Johnson wrote that the booming stock market and higher interest rates helped fuel the company’s financial performance last year, similar to what she said a year ago about the 2024 results. She also noted that delivering strong customer service and growing market share are more lasting determinants of long-term success. On both fronts, she wrote, Fidelity excelled last year.
The company might be best known for its mutual fund management business, but it holds market-leading positions in online brokerage, IRAs, and 401(k) plan administration.
Fidelity had been rapidly adding new jobs for several years but not so much anymore: Global employment for the privately held company exceeded 80,000 in 2025, roughly in line with the previous year. Fidelity continues to employ more than 5,000 people in its home city of Boston, and will move into a new headquarters at the Commonwealth Pier redevelopment in the Seaport from 245 Summer St. later this year.
Jon Chesto can be reached at jon.chesto@globe.com. Follow him @jonchesto.
