STT Q2 2024 Earnings — State Street Corporation Revenue & Financial Results | Market Cap Arena

STTState Street Corporation

$35B

Q2 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$5.5B+17.3% YoY

Gross Profit

$3.2B58.3% margin

Operating Income

$912M16.7% margin

Net Income

$711M13.0% margin

EPS (Diluted)

$2.15

QoQ Revenue Growth

+2.7%

Cash Flow

Operating Cash Flow

-$7.6B

Free Cash Flow

-$7.9B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$325.6B

Total Liabilities

$300.8B

Stockholders' Equity

$24.8B

Cash & Equivalents

$102.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.5B	$4.7B	+17.3%
Gross Profit	$3.2B	$3.1B	+1.7%
Operating Income	$912M	$916M	-0.4%
Net Income	$711M	$763M	-6.8%

Revenue Segments

Investment Servicing

$2.6B82%

Investment Management

$567M18%

Geographic Segments

UNITED STATES

$1.8B57%

Non-US

$1.4B43%