Fidelity Investments just turned in a blockbuster 2025 and is getting ready to pack up its longtime downtown Boston headquarters for a high-profile move to the Seaport. The Boston-based mutual-fund and brokerage giant said trading activity and assets surged last year, a bright spot for the local economy at a time when office markets and downtown leasing are under pressure. The privately held firm detailed the results, along with a chairman's letter, in materials released Monday that spell out how Fidelity plans to keep leaning on technology and scale to grow.
Numbers: Revenue, Assets and Trading
According to Fidelity's 2025 Annual Report, revenue climbed 15 percent to $37.7 billion. Managed assets rose 19 percent to $7.1 trillion, while assets under administration hit $18.0 trillion. Customers were busy too: daily average trades jumped 31 percent to about 4.4 million per trading day. For a firm already known as a heavyweight, those tallies mark a sizable step up.
Tech Investments and Leadership
Abigail P. Johnson, Fidelity's chair and CEO, tied the big year directly to the firm's technology and service push. "Our investments in technology fuel our growth and service," she wrote in her chairman's letter, as quoted in the annual report. The document casts those tech bets, along with Fidelity's broad lineup of brokerage, retirement and workplace offerings, as the core of its long-term strategy rather than a side project.
Local Impact: Seaport Move and the Office Market
On the ground in Boston, the numbers come with plenty of square footage attached. Fidelity still employs more than 5,000 people in the city, and its global workforce topped 80,000 in 2025. The firm has put its 245 Summer Street headquarters up for sublease as it prepares to move into new offices at Commonwealth Pier, a prominent spot on the Seaport waterfront. That shuffle could help reshape downtown leasing patterns and the ongoing Seaport buildout, according to reporting from The Boston Globe and earlier real estate coverage in Bisnow.
What Comes Next
Analysts and local brokers will be watching how much of Fidelity's downtown footprint ultimately shifts to the Seaport and how quickly any subleased space at 245 Summer Street gets absorbed. Because Fidelity combines large-scale trading with retirement-plan and brokerage businesses, its hiring, space decisions and product rollouts can ripple through Boston's financial-services and real-estate markets. Expect more leasing updates on 245 Summer Street and additional filings or announcements as the Commonwealth Pier redevelopment moves toward opening new workspace later this year.
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