STT Q2 2023 Earnings — State Street Corporation Revenue & Financial Results | Market Cap Arena

STTState Street Corporation

$35B

Q2 2023 Earnings

Financial Services Asset Management

Income Statement

Revenue

$4.7B+51.4% YoY

Gross Profit

$3.1B67.3% margin

Operating Income

$916M19.7% margin

Net Income

$763M16.4% margin

EPS (Diluted)

$2.17

QoQ Revenue Growth

+6.6%

Cash Flow

Operating Cash Flow

-$852M

Free Cash Flow

-$1.0B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$294.6B

Total Liabilities

$270.4B

Stockholders' Equity

$24.2B

Cash & Equivalents

$90.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.7B	$3.1B	+51.4%
Gross Profit	$3.1B	$2.9B	+6.3%
Operating Income	$916M	$835M	+9.7%
Net Income	$763M	$747M	+2.1%

Revenue Segments

Investment Servicing

$2.6B84%

Investment Management

$503M16%

Geographic Segments

UNITED STATES

$1.7B55%

Non-US

$1.4B45%