STT

MKT CAP:$42B

State Street Corporation

Market Cap

$42B

Financial Services·Asset Management·🇺🇸 United States·NYSE

Financials·Asset Management·🇺🇸·NYSE

Stock Price

$150.44+$21.37 (+16.56%)

Apr 24, 2026

Company Details

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 accounti...

CEO

Ronald Philip O'Hanley

IPO Date

Mar 17, 1980

Website

www.statestreet.com

Key Metrics TTM

Revenue

$22.7B

+2.7% YoY

Net Income

$3.1B

EPS (Diluted)

$9.85

Free Cash Flow

$2.7B

Revenue / Share

$80.42

Gross Margin

63.3%

Operating Margin

17.0%

Net Margin

13.5%

FCF Margin

12.0%

P/S

1.8x

P/E

13.7x

Earnings Reports

Q1 2026

Apr 17, 2026

NEW

$5.6B+2.2%EPS $2.49

FY 2025

Feb 19, 2026

$22.6B+3.0%EPS $9.40

Q4 2025

Feb 19, 2026

$5.6B-1.4%EPS $2.41

Q3 2025

Oct 30, 2025

$5.7B+3.8%EPS $2.78

Q2 2025

Jul 31, 2025

$5.8B+6.3%EPS $2.17

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$3.1B	$2.9B	$835M
Q3 22	$3.4B	$3.0B	$849M
Q4 22	$4.1B	$3.1B	$889M
Q1 23	$4.4B	$3.1B	$688M
Q2 23	$4.7B	$3.1B	$916M
Q3 23	$4.4B	$2.7B	$511M
Q4 23	$5.0B	$3.0B	$201M
Q1 24	$5.3B	$3.1B	$598M
Q2 24	$5.5B	$3.2B	$912M
Q3 24	$5.5B	$3.2B	$925M
Q4 24	$5.7B	$3.4B	$960M
Q1 25	$5.5B	$3.3B	$822M
Q2 25	$5.8B	$3.4B	$889M
Q3 25	$5.7B	$3.5B	$1.1B
Q4 25	$5.6B	$3.6B	$918M
Q1 26	$5.6B	$3.8B	$969M

Valuation

Quarter	P/S	P/E
Q2 22	2.0x	8.7x
Q3 22	1.8x	8.3x
Q4 22	2.0x	9.9x
Q1 23	1.7x	9.1x
Q2 23	1.4x	8.5x
Q3 23	1.2x	8.2x
Q4 23	1.3x	12.2x
Q1 24	1.2x	12.5x
Q2 24	1.1x	12.1x
Q3 24	1.2x	12.2x
Q4 24	1.3x	10.7x
Q1 25	1.2x	8.9x
Q2 25	1.3x	10.6x
Q3 25	1.5x	11.1x
Q4 25	1.7x	12.7x
Q1 26	1.5x	11.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$4.6B	$4.4B
Q2 22	-$4.1B	-$4.3B
Q3 22	$4.5B	$4.3B
Q4 22	$7.0B	$6.8B
Q1 23	-$2.9B	-$3.0B
Q2 23	-$852M	-$1.0B
Q3 23	$222M	$87M
Q4 23	$4.2B	$3.9B
Q1 24	-$844M	-$1.1B
Q2 24	-$7.6B	-$7.9B
Q3 24	$2.7B	$2.5B
Q4 24	-$7.4B	-$7.7B
Q1 25	$2.4B	$2.2B
Q2 25	-$8.4B	-$8.8B
Q3 25	$7.9B	$8.1B
Q4 25	$1.5B	$1.2B

Capital Expenditures

Quarter	CapEx
Q1 22	$138M
Q2 22	$182M
Q3 22	$210M
Q4 22	$204M
Q1 23	$182M
Q2 23	$170M
Q3 23	$135M
Q4 23	$329M
Q1 24	$230M
Q2 24	$213M
Q3 24	$234M
Q4 24	$249M
Q1 25	$226M
Q2 25	$319M
Q3 25	$226M
Q4 25	$267M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+3.5%	+10.1%
Q3 22	+13.7%	+20.7%
Q4 22	+36.8%	+41.6%
Q1 23	+41.0%	+57.1%
Q2 23	+51.4%	+66.9%
Q3 23	+29.3%	+52.3%
Q4 23	+20.8%	+48.0%
Q1 24	+21.8%	+28.3%
Q2 24	+17.3%	+21.6%
Q3 24	+26.0%	+18.7%
Q4 24	+14.4%	-0.9%
Q1 25	+3.4%	-0.9%
Q2 25	+6.3%	+8.0%
Q3 25	+3.8%	+0.8%
Q4 25	-1.4%	-0.8%
Q1 26	+2.2%	-0.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$261M	6.4%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$286M	5.1%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$1.0B	$22M
Q3 22	$1.0B	$28M
Q4 22	$1.1B	$30M
Q1 23	$1.3B	$23M
Q2 23	$1.1B	$30M
Q3 23	$1.1B	$38M
Q4 23	$1.1B	$51M
Q1 24	$1.3B	$25M
Q2 24	$1.1B	$34M
Q3 24	$1.1B	$45M
Q4 24	$1.2B	$38M
Q1 25	$1.3B	$25M
Q2 25	$1.2B	$39M
Q3 25	$1.2B	$51M
Q4 25	$1.5B	$59M
Q1 26	$1.5B	—

Revenue Segments

Quarter	Investment Management	Investment Servicing
Q2 22	$508M	$2.5B

Revenue by Geography

Quarter	Non-US	United States
Q2 22	$1.3B	$1.6B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$94.9B	$14.1B	$109.0B
Q3 22	$102.0B	$10.3B	$112.3B
Q4 22	$105.6B	$46.4B	$152.1B
Q1 23	$91.7B	$18.7B	$110.4B
Q2 23	$90.0B	$19.2B	$109.2B
Q3 23	$80.8B	$18.7B	$99.5B
Q4 23	$91.7B	$52.0B	$143.7B
Q1 24	$129.0B	$10.5B	$139.5B
Q2 24	$102.8B	$11.7B	$114.6B
Q3 24	$109.3B	$14.3B	$123.5B
Q4 24	$116.1B	$18.4B	$134.6B
Q1 25	$124.1B	$21.1B	$145.2B
Q2 25	$122.9B	$18.0B	$140.8B
Q3 25	$4.8B	$69.4B	$74.2B
Q4 25	$4.4B	$45.9B	$50.3B
Q1 26	$581M	$0	$581M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	372M	+0.0%	+5.8%
Q3 22	372M	+0.1%	+5.4%
Q4 22	364M	-2.3%	-2.1%
Q1 23	345M	-5.1%	-7.1%
Q2 23	334M	-3.5%	-10.4%
Q3 23	317M	-4.9%	-14.8%
Q4 23	310M	-2.2%	-14.7%
Q1 24	306M	-1.4%	-11.4%
Q2 24	305M	-0.4%	-8.6%
Q3 24	302M	-1.0%	-4.9%
Q4 24	296M	-1.8%	-4.5%
Q1 25	293M	-1.2%	-4.3%
Q2 25	290M	-0.8%	-4.7%
Q3 25	288M	-0.8%	-4.5%
Q4 25	289M	+0.3%	-2.5%
Q1 26	283M	-2.1%	-3.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$78.8K	39K
Q3 22	$87.2K	39K
Q4 22	$97.7K	42K
Q1 23	$103.9K	42K
Q2 23	$110.7K	42K
Q3 23	$104.6K	42K
Q4 23	$107.8K	46K
Q1 24	$115.5K	46K
Q2 24	$118.6K	46K
Q3 24	$120.3K	46K
Q4 24	$107.0K	53K
Q1 25	$103.6K	53K
Q2 25	$109.3K	53K
Q3 25	$108.5K	53K
Q4 25	$107.6K	52K
Q1 26	$107.9K	52K

Revenue / Employee