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 |
The soft-landing outcome remains intact, says State Street's Michael Arone
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Fee revenues are likely to have aided STT's third-quarter 2024 earnings, while a fall in net interest revenues and high costs are likely to have hurt the same.
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Besides Wall Street's top -and-bottom-line estimates for State Street (STT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
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State Street Appointed by TCW to Provide Investment Services
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) and TCW announced today an expansion of their decades-long partnership that now includes the provision of middle office services. This engagement builds on and grows the existing suite of services that State Street continues...
State Street Extends ETF Servicing Relationship with VanEck
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced an extension of its exchange traded fund (ETF) and mutual fund servicing relationship with VanEck, a leading global asset management firm. The new, extended agreement includes comprehensive support for VanEck's expanding range...
Why State Street Corporation (STT) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does State Street Corporation (STT) have what it takes?
State Street Appoints Vanessa Fernandes as Head of Digital Assets
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the appointment of Vanessa Fernandes as head of Digital Asset Solutions. Fernandes, who will be based in New Jersey, will report directly to Donna Milrod, chief product officer at State Street. With...
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Source: https://incomestatements.info
Category: Stock Reports