Complete financial analysis of State Street Corporation (STT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of State Street Corporation, a leading company in the Asset Management industry within the Financial Services sector.
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State Street Corporation (STT)
About State Street Corporation
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody; product accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data. In addition, the company offers investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. Further, it provides services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded fund under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.95B | 12.15B | 12.03B | 11.70B | 11.76B | 11.98B | 11.17B | 10.21B | 10.36B | 10.30B | 9.88B | 9.65B | 9.72B | 8.95B | 8.87B | 9.69B | 8.34B | 6.31B | 5.47B | 4.93B | 4.73B | 4.40B | 3.81B | 3.56B | 3.04B | 2.74B | 2.31B | 1.85B | 1.55B | 1.35B | 1.15B | 985.20M | 893.70M | 773.70M | 660.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 426.00M | 394.00M | 444.00M | 489.00M | 470.00M | 500.00M | 801.00M | 819.00M | 987.00M | 784.00M | 733.00M | 702.00M | -67.00M | -651.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 11.52B | 11.75B | 11.58B | 11.21B | 11.29B | 11.48B | 10.37B | 9.39B | 9.37B | 9.51B | 9.15B | 8.95B | 9.78B | 9.60B | 8.87B | 9.69B | 8.34B | 6.31B | 5.47B | 4.93B | 4.73B | 4.40B | 3.81B | 3.56B | 3.04B | 2.74B | 2.31B | 1.85B | 1.55B | 1.35B | 1.15B | 985.20M | 893.70M | 773.70M | 660.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 96.43% | 96.76% | 96.31% | 95.82% | 96.00% | 95.83% | 92.83% | 91.98% | 90.47% | 92.38% | 92.58% | 92.72% | 100.69% | 107.27% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 4.56B | 4.43B | 4.55B | 4.45B | 4.54B | 4.78B | 4.39B | 4.35B | 4.06B | 4.06B | 3.80B | 3.84B | 5.33B | 3.52B | 5.92B | 3.84B | 3.26B | 2.65B | 2.23B | 1.96B | 1.73B | 1.67B | 1.66B | 1.52B | 1.31B | 1.18B | 973.00M | 775.00M | 650.60M | 571.10M | 479.20M | 409.90M | 336.80M | 300.00M | 264.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 142.00M | 99.00M | 73.00M | 77.00M | 114.00M | 115.00M | 67.00M | 52.00M | 65.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 62.00M | 0.00 | 0.00 | 57.00M | 60.00M | 53.00M | 60.00M | 48.00M | 34.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 4.70B | 4.43B | 4.55B | 4.45B | 4.54B | 4.78B | 4.39B | 4.35B | 4.06B | 4.06B | 3.80B | 3.84B | 5.33B | 3.52B | 5.92B | 3.84B | 3.26B | 2.65B | 2.23B | 2.02B | 1.73B | 1.67B | 1.72B | 1.58B | 1.37B | 1.24B | 1.02B | 809.00M | 650.60M | 571.10M | 479.20M | 409.90M | 336.80M | 300.00M | 264.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 7.24B | 8.80B | -13.41B | -13.25B | 44.00M | 3.61B | 2.78B | 3.86B | 4.25B | 4.04B | 3.71B | 3.30B | 123.00M | 651.00M | 227.00M | 5.82B | 5.86B | 5.10B | 3.83B | -4.83B | -4.62B | -3.52B | -2.77B | -1.88B | -1.78B | -1.83B | -1.66B | -1.32B | -925.40M | -1.06B | -971.50M | -706.50M | -541.20M | -343.60M | -330.90M | 92.30M | 83.10M | 71.40M | 55.30M |
| Operating Expenses | 11.95B | 8.80B | -8.86B | -8.80B | 4.59B | 10.00B | 8.61B | 8.31B | 8.44B | 8.10B | 7.51B | 7.13B | 7.40B | 7.38B | 6.54B | 9.66B | 9.12B | 7.75B | 6.06B | -2.81B | -2.89B | -1.85B | -1.05B | -291.00M | -412.00M | -593.00M | -636.00M | -514.00M | -274.80M | -490.50M | -492.30M | -296.60M | -204.40M | -43.60M | -66.10M | 92.30M | 83.10M | 71.40M | 55.30M |
| Cost & Expenses | 11.95B | 8.80B | -8.86B | -8.80B | 4.59B | 10.00B | 9.41B | 9.13B | 9.42B | 8.88B | 8.24B | 7.84B | 7.34B | 6.73B | 6.54B | 8.66B | 9.12B | 7.75B | 6.06B | -2.81B | -2.89B | -1.85B | -1.05B | -291.00M | -412.00M | -593.00M | -636.00M | -514.00M | -274.80M | -490.50M | -492.30M | -296.60M | -204.40M | -43.60M | -66.10M | 92.30M | 83.10M | 71.40M | 55.30M |
| Interest Income | 9.18B | 4.09B | 1.91B | 2.58B | 3.94B | 3.66B | 2.91B | 2.51B | 2.49B | 2.65B | 2.71B | 3.01B | 2.95B | 3.46B | 2.56B | 4.88B | 5.21B | 4.32B | 2.93B | 1.79B | 1.54B | 1.97B | 2.86B | 3.26B | 2.44B | 2.24B | 1.76B | 1.44B | 1.34B | 904.70M | 698.90M | 714.40M | 737.80M | 817.50M | 648.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 6.42B | 1.54B | 3.00M | 375.00M | 1.38B | 991.00M | 604.00M | 428.00M | 400.00M | 392.00M | 411.00M | 476.00M | 613.00M | 763.00M | 722.00M | 2.23B | 3.48B | 3.21B | 2.02B | 928.00M | 729.00M | 995.00M | 1.83B | 2.36B | 1.66B | 1.49B | 1.11B | 892.00M | 907.20M | 537.50M | 381.30M | 432.10M | 464.20M | 546.70M | 431.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.07B | 1.08B | 1.10B | 1.09B | 1.08B | 825.00M | 740.00M | 679.00M | 793.00M | 699.00M | 675.00M | 456.00M | 380.00M | -230.00M | -2.28B | -282.00M | 130.00M | 385.00M | 499.00M | 639.00M | 701.00M | 688.00M | 398.00M | 374.00M | 327.00M | 328.00M | 255.00M | 213.00M | 131.80M | 0.00 | 0.00 | 0.00 | 56.20M | 89.20M | 62.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 3.38B | 4.41B | 4.28B | 3.99B | 3.79B | 5.13B | 3.64B | 2.80B | 2.15B | 2.29B | 3.30B | 3.34B | 3.10B | 2.64B | -1.96B | 3.35B | 0.00 | 0.00 | 1.79B | 1.53B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 658.70M | 688.60M | 0.00 | 0.00 | 0.00 | 92.30M | 83.10M | 71.40M | 55.30M |
| EBITDA Ratio | 28.33% | 41.12% | 28.40% | 26.77% | 26.27% | 43.34% | 41.07% | 34.07% | 33.70% | 34.47% | 38.16% | 38.33% | 36.32% | 29.25% | -30.69% | 49.41% | 66.16% | 85.25% | 68.17% | 55.93% | 53.70% | 73.59% | 82.95% | 102.33% | 97.20% | 90.34% | 83.54% | 83.76% | 90.77% | 63.62% | 57.23% | 69.89% | 83.42% | 105.89% | 99.52% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 2.74B | 4.76B | 3.17B | 2.90B | 2.85B | 3.99B | 3.50B | 2.55B | 2.70B | 2.85B | 3.10B | 3.24B | 3.15B | 2.85B | -437.00M | 5.07B | 5.39B | 5.00B | 3.23B | 2.12B | 1.84B | 2.55B | 2.76B | 3.27B | 2.62B | 2.15B | 1.68B | 1.34B | 1.27B | 857.70M | 658.70M | 688.60M | 689.30M | 730.10M | 594.50M | 92.30M | 83.10M | 71.40M | 55.30M |
| Operating Income Ratio | 22.96% | 39.16% | 26.37% | 24.77% | 24.26% | 33.30% | 31.36% | 24.97% | 26.04% | 27.68% | 31.33% | 33.60% | 32.41% | 31.82% | -4.93% | 52.32% | 64.60% | 79.15% | 59.05% | 42.98% | 38.89% | 57.95% | 72.50% | 91.82% | 86.43% | 78.37% | 72.52% | 72.26% | 82.25% | 63.62% | 57.23% | 69.89% | 77.13% | 94.36% | 89.99% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -427.00M | -381.00M | -307.00M | -417.00M | -423.00M | -550.00M | -576.00M | -466.00M | -8.00M | -612.00M | -292.00M | -61.00M | -342.00M | -476.00M | -526.00M | -393.00M | -798.00M | 0.00 | 16.00M | -99.00M | -729.00M | -995.00M | -1.83B | -2.36B | -1.66B | -1.49B | -1.11B | -892.00M | -907.20M | -661.20M | -1.37B | -1.03B | -464.20M | -546.70M | -431.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 2.32B | 3.33B | 3.17B | 2.90B | 2.85B | 3.00B | 2.90B | 2.12B | 2.30B | 2.52B | 2.69B | 2.77B | 2.54B | 2.09B | 2.53B | 2.84B | 1.90B | 1.77B | 1.43B | 1.19B | 1.11B | 1.56B | 930.00M | 906.00M | 968.00M | 657.00M | 564.00M | 447.00M | 366.50M | 320.20M | 277.40M | 256.50M | 225.10M | 183.40M | 163.20M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 19.39% | 27.39% | 26.37% | 24.77% | 24.26% | 25.03% | 25.95% | 20.77% | 22.18% | 24.51% | 27.18% | 28.67% | 26.10% | 23.30% | 28.48% | 29.32% | 22.83% | 28.06% | 26.16% | 24.16% | 23.49% | 35.34% | 24.43% | 25.46% | 31.88% | 23.96% | 24.37% | 24.12% | 23.67% | 23.75% | 24.10% | 26.04% | 25.19% | 23.70% | 24.70% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 372.00M | 553.00M | 478.00M | 479.00M | 470.00M | 400.00M | 722.00M | -22.00M | 318.00M | 434.00M | 550.00M | 705.00M | 616.00M | 530.00M | 722.00M | 1.03B | 642.00M | 675.00M | 487.00M | 394.00M | 390.00M | 540.00M | 302.00M | 311.00M | 349.00M | 221.00M | 184.00M | 154.00M | 119.40M | 112.80M | 97.60M | 96.10M | 85.80M | 66.10M | 59.20M | -92.30M | -83.10M | -71.40M | -55.30M |
| Net Income | 1.94B | 2.77B | 2.69B | 2.42B | 2.38B | 2.60B | 2.18B | 2.14B | 1.98B | 2.09B | 2.14B | 2.06B | 1.92B | 1.56B | -2.04B | 1.81B | 1.26B | 1.11B | 722.00M | 798.00M | 722.00M | 1.02B | 628.00M | 595.00M | 619.00M | 436.00M | 380.00M | 293.00M | 247.10M | 207.40M | 179.80M | 160.40M | 139.30M | 117.30M | 104.00M | 92.30M | 83.10M | 71.40M | 55.30M |
| Net Income Ratio | 16.27% | 22.84% | 22.39% | 20.68% | 20.26% | 21.69% | 19.49% | 21.00% | 19.11% | 20.29% | 21.61% | 21.36% | 19.76% | 17.38% | -23.05% | 18.68% | 15.13% | 17.52% | 13.19% | 16.18% | 15.25% | 23.07% | 16.50% | 16.72% | 20.39% | 15.90% | 16.42% | 15.81% | 15.96% | 15.38% | 15.62% | 16.28% | 15.59% | 15.16% | 15.74% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 5.65 | 7.28 | 7.30 | 6.40 | 5.43 | 6.99 | 5.32 | 5.03 | 4.53 | 4.77 | 4.71 | 4.25 | 3.82 | 3.11 | -4.42 | 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 |
| EPS Diluted | 5.58 | 7.19 | 7.19 | 6.32 | 5.38 | 6.90 | 5.24 | 4.97 | 4.47 | 4.69 | 4.62 | 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 |
| Weighted Avg Shares Out | 322.34M | 365.21M | 352.57M | 352.87M | 369.91M | 371.98M | 374.79M | 391.49M | 407.86M | 424.22M | 446.25M | 474.46M | 492.60M | 495.39M | 462.90M | 413.18M | 360.68M | 331.35M | 330.36M | 334.61M | 331.69M | 323.52M | 325.03M | 321.68M | 321.32M | 321.87M | 321.32M | 326.53M | 332.23M | 331.29M | 310.00M | 305.52M | 299.57M | 293.25M | 292.96M | 293.02M | 296.79M | 285.60M | 276.50M |
| Weighted Avg Shares Out (Dil) | 326.57M | 370.11M | 357.96M | 357.11M | 373.67M | 376.48M | 380.21M | 396.09M | 413.64M | 432.01M | 455.16M | 481.13M | 496.07M | 497.92M | 474.00M | 416.10M | 365.49M | 335.73M | 334.64M | 339.61M | 335.33M | 327.48M | 330.49M | 328.09M | 327.50M | 327.85M | 327.58M | 329.24M | 335.37M | 333.82M | 315.44M | 314.51M | 306.15M | 300.77M | 301.45M | 307.67M | 307.78M | 310.43M | 298.92M |
State Street Announces Issuance of $2.3 Billion of Senior Debt
BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) announced today an issuance of $2.3 billion in aggregate principal amount of senior debt. The offering, which closed today, was structured in keeping with State Street's ongoing inclusion, diversity, and equity efforts,...
Asset managers headed for increasingly lean years, study says
Profitability at asset managers has slipped for the past two years and is likely to decline further through 2028 as investors increasingly opt for products with lower fees, such as exchange-traded funds (ETFs), according to a new study.
Are You Looking for a Top Momentum Pick? Why State Street Corporation (STT) is a Great Choice
Does State Street Corporation (STT) have what it takes to be a top stock pick for momentum investors? Let's find out.
State Street's Heinel Sees Bumps on Way to Soft Landing
State Street Global Advisors Global CIO Lori Heinel recommends being more diversified in the current market environment. Speaking on "Bloomberg The Close," Heinel also comments on the state of the oil market.
State Street Corporation (STT) Q3 2024 Earnings Call Transcript
State Street Corporation (NYSE:STT ) Q3 2024 Earnings Conference Call October 15, 2024 12:00 PM ET Company Participants Elizabeth Lynn - Global Head, Investor Relations Ron O'Hanley - Chief Executive Officer Eric Aboaf - Chief Financial Officer Conference Call Participants...
State Street's Q3 Earnings Top Estimates, Revenue Rise Y/Y
STT records increased revenues and expenses in the third quarter of 2024.
State Street (STT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for State Street (STT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street...
State Street Corporation (STT) Beats Q3 Earnings and Revenue Estimates
State Street Corporation (STT) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $1.93 per share a year ago.
S&P Global Appoints Eric Aboaf as Chief Financial Officer
NEW YORK , Oct. 15, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced the appointment of Eric Aboaf as Chief Financial Officer, effective February 2025. As an Executive Vice President and member of the Executive Leadership Team, Mr.
State Street CFO to Depart for New Position Following Transition Period
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that Eric Aboaf, vice chairman and chief financial officer (CFO), has made the decision to accept a new opportunity outside of banking and is expected to leave State Street in February of...
Source: https://incomestatements.info
Category: Stock Reports