STT Q1 2024 Earnings — State Street Corporation Revenue & Financial Results | Market Cap Arena

STTState Street Corporation

$35B

Q1 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$5.3B+21.8% YoY

Gross Profit

$3.1B58.6% margin

Operating Income

$598M11.3% margin

Net Income

$463M8.7% margin

EPS (Diluted)

$1.37

QoQ Revenue Growth

+7.1%

Cash Flow

Operating Cash Flow

-$844M

Free Cash Flow

-$1.1B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$338.0B

Total Liabilities

$313.6B

Stockholders' Equity

$24.4B

Cash & Equivalents

$129.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.3B	$4.4B	+21.8%
Gross Profit	$3.1B	$3.1B	+1.8%
Operating Income	$598M	$688M	-13.1%
Net Income	$463M	$549M	-15.7%

Revenue Segments

Investment Servicing

$2.6B82%

Investment Management

$551M18%

Geographic Segments

UNITED STATES

$1.8B57%

Non-US

$1.3B43%