Fidelity
Boston-based, privately held financial services company founded in 1946 that offers investing, retirement, insurance and savings products to individuals, employers and institutions. It reported 2025 revenue of $37.7 billion.
Industry: Investment management and brokerage | Location: Boston, United States | Founded: 1946
About Fidelity
Fidelity Investments is a privately held financial services company headquartered in Boston, Massachusetts. Its website groups its businesses into investing, retirement, insurance and annuities, and savings products such as 529 plans and Health Savings Accounts. It serves individuals, employers, wealth management firms and institutions, and reports more than 80,000 associates in 11 countries.
Edward C. Johnson 2d established Fidelity Management & Research in 1946 as sole adviser to the Fidelity Fund, which had been incorporated in 1930. Fidelity International was formed in 1969 for markets outside the United States and became independent in 1980. Abigail P. Johnson, the founder's granddaughter, became chief executive in 2014 and chair in 2016, according to Wikipedia, and company reports of 2025 and 2026 name her chairman and chief executive. Kevin Barry is chief financial officer.
Fidelity offers mutual funds, exchange-traded funds, stocks, bonds, options, cryptocurrency and direct indexing. Its institutional business, Fidelity Digital Assets, provides custody and trade execution for digital assets and lists offices in Boston, London and Dublin.
Wikipedia records Fidelity's first exchange-traded fund in 2003, the spin-off of Eight Roads Ventures in 2019 and the acquisition of the equity-plan software company Shoobx in January 2023. On 15 June 2026 Fidelity announced its first ETF share classes, added to three mutual fund strategies and listed on Nasdaq on 18 June 2026.
Fidelity has no venture funding rounds. In its 2025 annual report it gave revenue of 37.7 billion dollars, up 15 percent, and operating income of 12.7 billion dollars, up 24 percent. Assets under administration were 18.0 trillion dollars and managed assets 7.1 trillion dollars at 31 December 2025. No net income figure was found.
The second-quarter 2026 business update, published on 4 August 2026, put assets under administration at 19.9 trillion dollars and managed assets at 7.8 trillion dollars at 30 June 2026. A TechScoop report of 28 July 2026 on a tokenized fund from Mubadala Capital names Fidelity among large asset managers that have issued tokenized products.
Leadership
- Abigail P. Johnson, Chairman and Chief Executive Officer
- Kevin Barry, Chief Financial Officer