State Street Corporation

STT · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$36,034	$28,773	$23,903	$28,464	$34,004	$26,610	$28,921	$23,060	$35,689	$28,417	$24,263	$33,302	$32,750	$22,304	$19,857	$22,957	$20,490	$16,250	$29,287	$22,346	$18,315	$16,436	$17,275	$12,617	$16,983	$19,455	$11,738	$11,285	$9,347	$5,277	$3,738	$2,372	$2,908	$3,342	$2,406	$1,279	$1,447	$970	$742	$834	$713
Enterprise value	($178,488)	($164,605)	($152,551)	($169,973)	($180,406)	($187,809)	($126,894)	($130,526)	($119,952)	($126,564)	($138,775)	($154,657)	($137,263)	($137,427)	($136,002)	($69,026)	($13,273)	($9,293)	($45,078)	($28,955)	($34,089)	$811	$9,689	($4,518)	$1,891	($2,089)	($5,330)	($1,649)	($489)	($1,219)	($3,584)	($560)	($2,334)	($2,173)	($1,680)	($1,486)	($194)	–	–	–	–
P/E (TTM) at period end	13.26×	11.59×	13.13×	10.70×	13.22×	11.79×	14.40×	9.59×	18.10×	14.48×	13.13×	17.01×	16.25×	11.05×	10.55×	14.91×	–	9.08×	23.23×	20.20×	21.86×	20.60×	23.93×	12.43×	27.04×	32.70×	18.96×	25.88×	24.60×	18.01×	15.13×	11.46×	16.17×	20.84×	17.27×	10.90×	13.92×	10.51×	8.93×	11.68×	12.90×
P/S (TTM) at period end	2.58×	2.21×	2.00×	2.34×	2.83×	2.27×	2.46×	1.90×	3.17×	2.76×	2.34×	3.24×	3.32×	2.31×	2.07×	2.56×	2.37×	1.52×	3.51×	2.35×	2.45×	2.80×	3.16×	2.34×	3.01×	3.29×	2.50×	2.67×	2.73×	1.92×	1.52×	1.26×	1.90×	2.36×	1.77×	0.97×	1.33×	–	–	–	–
P/B at period end	1.29×	1.14×	1.00×	1.13×	1.24×	1.02×	1.18×	0.93×	1.60×	1.34×	1.15×	1.56×	1.62×	1.07×	1.02×	1.29×	1.41×	1.27×	2.59×	3.08×	2.88×	2.67×	3.01×	2.64×	4.42×	5.96×	4.43×	4.88×	4.69×	2.97×	2.35×	1.93×	2.63×	3.51×	2.95×	1.84×	2.42×	–	–	–	–
EV / EBITDA (TTM)	(45.14×)	(45.41×)	(59.71×)	(47.68×)	(38.16×)	(42.60×)	(31.34×)	(35.28×)	(34.07×)	(48.83×)	(50.63×)	(54.19×)	(44.75×)	(43.31×)	(46.20×)	(28.07×)	(4.57×)	(2.91×)	(22.17×)	(13.43×)	(17.65×)	0.44×	5.34×	(2.01×)	1.42×	(1.63×)	(4.12×)	(1.67×)	(0.60×)	(1.85×)	(7.19×)	–	–	–	(5.97×)	(5.45×)	(0.86×)	–	–	–	–
EV / Sales (TTM)	(12.80×)	(12.66×)	(12.77×)	(13.99×)	(15.00×)	(16.05×)	(10.79×)	(10.76×)	(10.65×)	(12.30×)	(13.40×)	(15.05×)	(13.92×)	(14.24×)	(14.18×)	(7.71×)	(1.54×)	(0.87×)	(5.41×)	(3.04×)	(4.56×)	0.14×	1.77×	(0.84×)	0.34×	(0.35×)	(1.14×)	(0.39×)	(0.14×)	(0.44×)	(1.46×)	(0.30×)	(1.52×)	(1.53×)	(1.24×)	(1.13×)	(0.18×)	–	–	–	–
Returns
Return on equity	9.8%	9.8%	7.7%	10.6%	9.4%	8.6%	8.2%	9.7%	8.9%	9.3%	8.8%	9.2%	10.0%	9.7%	9.7%	8.7%	(14.1%)	14.0%	11.2%	15.3%	13.2%	13.0%	12.6%	21.2%	16.3%	18.2%	23.3%	18.9%	19.0%	16.5%	15.6%	16.8%	16.3%	16.8%	17.1%	16.9%	17.4%	–	–	–	–
Return on invested capital	5.5%	4.6%	4.4%	7.0%	6.9%	5.5%	6.3%	7.0%	6.0%	5.5%	5.3%	4.7%	5.3%	5.3%	4.9%	3.4%	3.2%	4.1%	4.0%	3.4%	5.1%	8.3%	8.9%	17.3%	9.8%	13.2%	14.4%	11.8%	–	22.5%	47.2%	19.4%	–	–	13.8%	–	30.5%	–	–	–	–
Dividend yield	3.1%	3.6%	4.1%	3.4%	2.5%	3.3%	3.2%	3.6%	2.2%	2.5%	2.7%	1.6%	1.5%	2.1%	1.5%	0.1%	0.8%	2.5%	1.0%	1.2%	1.3%	1.3%	1.0%	1.2%	0.7%	0.5%	0.8%	0.7%	0.7%	1.2%	1.5%	1.9%	1.4%	1.0%	1.2%	1.9%	1.5%	–	–	–	–
Financial health
Current ratio	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.80×	0.76×	0.94×	0.97×	0.99×	0.55×	0.50×	0.65×	0.65×	0.76×	0.72×	0.68×	0.59×	0.57×	0.62×	0.46×	0.57×	0.67×	0.69×	0.56×	0.53×	–	–	–	–
Debt / equity	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.04×	2.68×	2.10×	3.62×	4.00×	4.24×	4.78×	6.39×	6.38×	7.41×	8.10×	6.42×	4.52×	4.91×	3.99×	4.62×	3.61×	4.19×	6.18×	4.20×	4.77×	–	–	–	–
Effective tax rate	21.1%	20.9%	16.1%	16.6%	15.1%	16.5%	17.3%	16.4%	28.0%	3.0%	13.8%	17.0%	23.1%	25.5%	24.3%	25.4%	28.6%	36.3%	33.7%	38.1%	34.0%	33.1%	35.1%	34.7%	32.5%	34.3%	36.1%	33.6%	32.6%	34.5%	32.6%	35.3%	35.2%	37.5%	38.1%	36.0%	36.3%	–	–	–	–
Share count
Diluted shares outstanding	289	302	327	370	358	357	374	376	380	396	414	432	455	481	496	498	474	416	365	336	335	340	335	327	330	328	328	328	328	329	335	334	315	315	306	301	301	308	308	310	299

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$17,567	$13,944	$13,000	$11,945	$12,148	$12,027	$11,703	$11,756	$12,131	$11,266	$10,291	$10,360	$10,274	$9,864	$9,649	$9,594	$8,953	$8,640	$10,693	$8,336	$9,525	$7,480	$5,861	$5,463	$5,395	$5,637	$5,921	$4,692	$4,234	$3,428	$2,745	$2,456	$1,886	$1,532	$1,417	$1,358	$1,320	$1,092	–	–	–	–
Cost of revenue	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Gross profit	$17,567	$13,944	$13,000	$11,945	$12,148	$12,027	$11,703	$11,756	$12,131	$11,266	$10,291	$10,360	$10,274	$9,864	$9,649	$9,594	$8,953	$8,640	$10,693	$8,336	$9,525	$7,480	$5,861	$5,463	$5,395	$5,637	$5,921	$4,692	$4,234	$3,428	$2,745	$2,456	$1,886	$1,532	$1,417	$1,358	$1,320	$1,092	–	–	–	–
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($3,506)	($2,581)	($2,266)	($2,129)	($2,024)	($2,105)	($2,039)	($1,935)	($1,824)	($1,628)	($1,545)	($1,956)	($1,877)	($1,794)	($1,695)	($1,578)	($1,453)	($3,037)	($3,842)	($3,256)	($2,652)	($2,231)	($1,957)	($1,731)	($1,670)	($1,720)	($1,584)	($1,366)	($1,235)	($1,021)	($809)	($651)	($571)	($479)	($410)	($337)	($300)	($265)	–	–	–	–
Total operating expenses	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Total costs and expenses	($12,903)	($10,213)	($9,605)	($9,629)	($8,821)	($8,856)	($8,804)	($9,044)	($9,030)	($8,271)	($8,171)	($8,062)	($7,837)	($7,198)	($6,883)	($7,058)	($6,867)	($6,115)	($7,851)	($6,433)	($7,754)	($6,048)	($4,669)	($4,351)	($3,840)	($4,707)	($5,015)	($3,724)	($3,577)	($2,864)	($2,298)	($2,089)	($1,566)	($1,255)	($1,161)	($1,133)	($1,137)	($929)	$92	$83	$71	$55
Operating income	$4,664	$3,731	$3,395	$2,316	$3,327	$3,171	$2,899	$2,712	$3,101	$2,995	$2,120	$2,298	$2,437	$2,666	$2,766	$2,536	$2,086	$2,525	$2,842	$1,903	$1,771	$1,432	$1,192	$1,112	$1,555	$930	$906	$968	$657	$564	$447	$366	$320	$277	$256	$225	$183	$163	$92	$83	$71	$55
Earnings
EBITDA	–	$3,954	$3,625	$2,555	$3,565	$4,728	$4,409	$4,049	$3,700	$3,521	$2,592	$2,741	$2,854	$3,067	$3,173	$2,944	$2,459	$2,905	$3,195	$2,033	$2,156	$1,931	$1,831	$1,813	$2,243	$1,328	$1,280	$1,295	$985	$819	$660	$498	–	–	–	$281	$273	$226	–	–	–	–
Interest income	$11,159	$11,644	$11,977	$9,180	$4,088	$1,908	$2,575	$3,941	$3,662	$2,908	$2,512	$2,488	$2,652	$2,714	$3,014	$2,946	$3,462	$3,286	$4,879	$5,212	$4,324	$2,930	$1,787	$1,539	$1,974	$2,855	$3,256	$2,437	$2,237	$1,755	$1,443	$1,337	$905	$699	$714	$738	$818	$648	–	–	–	–
Interest expense	($7,798)	($8,684)	($9,054)	($6,421)	($1,544)	($3)	($375)	($1,375)	($991)	($604)	($428)	($400)	($392)	($411)	($476)	($613)	($763)	($722)	($2,229)	($3,482)	($3,214)	($2,023)	($928)	($729)	($995)	($1,830)	($2,362)	($1,656)	($1,492)	($1,114)	($892)	($907)	($538)	($381)	($432)	($464)	($547)	($431)	–	–	–	–
Pre-tax income	$4,664	$3,731	$3,395	$2,316	$3,327	$3,171	$2,899	$2,712	$3,101	$2,995	$2,204	$2,298	$2,437	$2,666	$2,766	$2,536	$2,086	$2,525	$2,842	$1,903	$1,771	$1,432	$1,192	$1,112	$1,555	$930	$906	$968	$657	$564	$447	$366	$320	$277	$256	$225	$183	$163	–	–	–	–
Income tax expense	($979)	($786)	($708)	($372)	($553)	($478)	($479)	($470)	($508)	($839)	($67)	($318)	($415)	($616)	($705)	($616)	($530)	($722)	($1,031)	($642)	($675)	($487)	($394)	($390)	($540)	($302)	($311)	($349)	($221)	($184)	($154)	($119)	($113)	($98)	($96)	($86)	($66)	($59)	$92	$83	$71	$55
Net income	$3,685	$2,945	$2,687	$1,944	$2,774	$2,693	$2,420	$2,242	$2,593	$2,156	$2,138	$1,980	$2,022	$2,050	$2,061	$1,920	$1,556	($1,881)	$1,811	$1,261	$1,106	$838	$798	$722	$1,015	$628	$595	$619	$436	$380	$293	$247	$207	$180	$160	$139	$117	$104	$92	$83	$71	$55
Per share
Diluted EPS (GAAP)	$12.24	$9.40	$8.21	$5.58	$7.19	$7.19	$6.32	$5.38	$6.39	$5.19	$4.96	$4.47	$4.53	$4.43	$4.20	$3.79	$3.09	($4.31)	$4.30	$3.45	$3.29	$2.50	$2.35	$2.15	$3.10	$1.90	$1.82	$1.89	$1.33	$1.16	$0.89	$0.74	$0.66	$0.57	$0.51	$0.46	$0.39	$0.35	$0.30	$0.27	$0.23	$0.18
Basic EPS (GAAP)	$12.45	$9.55	$8.33	$5.65	$7.28	$7.30	$6.40	$5.43	$6.46	$5.26	$5.01	$4.53	$4.62	$4.52	$4.25	$3.82	$3.11	($4.32)	$4.32	$3.49	$3.34	$2.53	$2.38	$2.18	$3.14	$1.94	$1.85	$1.93	$1.36	$1.19	$0.90	$0.75	$0.67	$0.58	$0.53	$0.47	$0.40	$0.36	$0.32	$0.28	$0.25	$0.20
Basic shares outstanding	278	285	298	322	365	353	353	370	372	375	391	408	424	446	474	493	495	471	413	361	331	330	335	332	324	325	322	321	322	321	327	332	331	310	306	300	293	293	293	297	286	276
Margins
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	–	–	–	–
Operating margin	26.5%	26.8%	26.1%	19.4%	27.4%	26.4%	24.8%	23.1%	25.6%	26.6%	20.6%	22.2%	23.7%	27.0%	28.7%	26.4%	23.3%	29.2%	26.6%	22.8%	18.6%	19.1%	20.3%	20.4%	28.8%	16.5%	15.3%	20.6%	15.5%	16.5%	16.3%	14.9%	17.0%	18.1%	18.1%	16.6%	13.9%	14.9%	–	–	–	–
Net margin	21.0%	21.1%	20.7%	16.3%	22.8%	22.4%	20.7%	19.1%	21.4%	19.1%	20.8%	19.1%	19.7%	20.8%	21.4%	20.0%	17.4%	(21.8%)	16.9%	15.1%	11.6%	11.2%	13.6%	13.2%	18.8%	11.1%	10.0%	13.2%	10.3%	11.1%	10.7%	10.1%	11.0%	11.7%	11.3%	10.3%	8.9%	9.5%	–	–	–	–

Analyst consensus

Buy38 analysts

Bearish · 4 · Hold · 15 · Bullish · 19

Earnings history

	EPS	Estimate
Q4 2024	$2.60	$2.29	Beat
Q1 2025	$2.04	$2.00	Beat
Q2 2025	$2.53	$2.35	Beat
Q3 2025	$2.78	$2.64	Beat
Q4 2025	$2.97	$2.84	Beat
Q1 2026	$2.84	$2.64	Beat
Q2 2026	$3.65	$3.34	Beat
Q3 2026	$3.69	$3.68	Beat

Peers

Company overview

IPO dateMar 17, 1980

CEORonald Philip O'Hanley

Employees51,119

SectorFinancial Services

IndustryAsset Management

CountryUS

ExchangeNew York Stock Exchange

Websitewww.statestreet.com

State Street Corporation (STT) is a well-established global financial services firm that delivers a wide array of financial products and specialized services to institutional investors worldwide. The company's extensive offerings include core investment servicing functionalities such as secure asset custody, detailed product accounting, daily valuation, comprehensive administration, master trust and master custody arrangements, and specific depotbank services. It also manages record-keeping, cash, foreign exchange, brokerage, and various trading activities. Further services in this area encompass securities finance, advanced custody solutions, deposit and short-term investment facilities, as well as loan and lease financing. State Street additionally provides operational outsourcing for both traditional and alternative investment managers, complemented by sophisticated analytics for performance, risk, and compliance, along with financial data management. Beyond servicing, the firm offers capabilities in portfolio management and risk analysis, supporting trading and post-trade settlement processes with built-in compliance features and managed data solutions. Its investment management division provides a diverse range of strategies and products. These span core and enhanced indexing, multi-asset class approaches, active quantitative and fundamental management, and various alternative investment strategies. State Street is also a proponent of environmental, social, and governance (ESG) investing, offers solutions for defined benefit and defined contribution plans, and provides global fiduciary expertise, including its prominent SPDR brand of exchange-traded funds (ETFs). State Street's client roster is broad, serving mutual funds, collective investment vehicles, other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and other investment managers. With roots dating back to its founding in 1792, State Street Corporation is headquartered in Boston, Massachusetts.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.