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State Street Corporation (STT) Financials

STT
Trailing 12 months to June 30, 2026
Revenue $15.1B +11.7% YoY
Net Income $3.5B +21.3% YoY
EPS (Diluted) $11.34 +27.3% YoY
Free Cash Flow $2.0B +117.1% YoY
Market Cap $45.4B as of Oct 20, 2026
Price / Sales 3.0x on $15.1B revenue, trailing 12 months to June 30, 2026
Price / Earnings 13.1x on $3.5B net income, trailing 12 months to June 30, 2026
Price / Book 1.6x on $28.3B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 20, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the STT SEC filings page.

State Street Corporation (STT) reported $15.1B in revenue over the twelve months to Jun 30, 2026, up 11.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI STT FY2025

State Street is a heavily balance-sheet-funded financial business where earnings are steadier than cash flows and asset efficiency changes little.

In FY2025, operating cash flow of $11.9B exceeded net income of $2.9B, while free cash flow also turned positive after FY2024's negative result. That reversal indicates cash conversion is materially shaped by balance-sheet funding and investment flows, not just by reported earnings.

The balance sheet expanded to $366.0B in FY2025 while return on assets stayed at 0.8%, suggesting that additional assets did not produce a step-change in asset efficiency. Debt-to-equity eased to 12.1x from 12.9x in FY2024, but the structure remains heavily reliant on liabilities relative to equity.

Earnings recovery combined business growth with a larger profit base: revenue reached $13.9B and net income reached $2.9B in FY2025. Shares outstanding fell to 278.7M from 288.5M in FY2024, so per-share improvement reflects both stronger earnings and a smaller share base.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

State Street Corporation does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
6/6

State Street Corporation passes 6 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
4.04x

For every $1 of reported earnings, State Street Corporation generates $4.04 in operating cash flow ($11.9B OCF vs $2.9B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$4.0B
YoY+17.4%
QoQ+6.6%
5Y CAGR+5.9%
10Y CAGR+4.6%

State Street Corporation generated $4.0B in revenue in Q2 2026. This represents an increase of 17.4% from the same quarter a year earlier. Against the prior quarter it is up 6.6%.

Net Income
$1.1B
YoY+56.4%
QoQ+41.9%
5Y CAGR+7.3%
10Y CAGR+5.8%

State Street Corporation reported $1.1B in net income in Q2 2026. This represents an increase of 56.4% from the same quarter a year earlier. Against the prior quarter it is up 41.9%.

EPS (Diluted)
$3.65
YoY+68.2%
QoQ+46.6%
5Y CAGR+12.0%
10Y CAGR+9.5%

State Street Corporation earned $3.65 per diluted share (EPS) in Q2 2026. This represents an increase of 68.2% from the same quarter a year earlier. Against the prior quarter it is up 46.6%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow
-$3.0B
YoY+65.7%
QoQ+75.8%

State Street Corporation recorded an outflow of $3.0B in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 65.7% from the same quarter a year earlier. Against the prior quarter it is up 75.8%.

Cash & Debt
$4.3B
YoY+6.7%
QoQ-34.2%
5Y CAGR-1.5%

State Street Corporation held $4.3B in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share
$0.84
YoY+10.5%
QoQ0.0%
5Y CAGR+10.1%
10Y CAGR+9.5%

State Street Corporation paid $0.84 per share in dividends in Q2 2026. This represents an increase of 10.5% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
275M
YoY-3.2%
QoQ-0.7%
5Y CAGR-4.4%
10Y CAGR-3.4%

State Street Corporation had 275M shares outstanding in Q2 2026. This represents a decrease of 3.2% from the same quarter a year earlier. Against the prior quarter it is down 0.7%.

Margins & Returns

Net Margin
26.8%
YoY+6.7pp
QoQ+6.6pp
5Y change+1.6pp
10Y change+2.7pp

State Street Corporation's net profit margin was 26.8% in Q2 2026, showing the share of revenue converted to profit. This is up 6.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.6 percentage points.

Return on Equity
3.8%
YoY+1.3pp
QoQ+1.1pp
5Y change+0.8pp
10Y change+1.0pp

State Street Corporation's ROE was 3.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks
$400.0M
YoY+33.3%
QoQ0.0%
5Y CAGR-1.2%
10Y CAGR-1.1%

State Street Corporation spent $400.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 33.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Capital Expenditures
$675.0M
YoY+111.6%
QoQ+150.0%
5Y CAGR+27.9%
10Y CAGR+15.5%

State Street Corporation invested $675.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 111.6% from the same quarter a year earlier. Against the prior quarter it is up 150.0%.

R&D Spending

Not reported for Q2 2026.

STT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

STT quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$4.0B+17.4%$3.8B+15.6%$3.7B+7.5%$3.5B+6.2%$3.4B+8.1%$3.3B+4.7%$3.4B+12.1%$3.3B+11.9%
SG&A Expenses$1.3B+0.9%$1.4B+14.2%$1.3B+9.8%$1.2B+2.5%$1.3B+16.5%$1.3B+0.8%$1.2B-2.8%$1.1B+4.8%
Interest Expense$2.0B-14.7%$1.8B-17.8%$1.9B-13.8%$2.2B-6.6%$2.3B+2.8%$2.2B+1.6%$2.3B+18.0%$2.4B+38.4%
Income Tax$305.0M+55.6%$205.0M+15.2%$171.0M-3.4%$241.0M+23.6%$196.0M-2.5%$178.0M+31.9%$177.0M+2066.7%$195.0M+119.1%
Net Income$1.1B+56.4%$764.0M+18.6%$747.2M-4.6%$861.0M+17.9%$693.0M-2.5%$644.0M+39.1%$782.9M+273.5%$730.0M+73.0%
EPS (Basic)$3.71+68.6%$2.53+22.2%$2.46-0.8%$2.83+23.6%$2.20+0.9%$2.07+50.0%$2.48+300.0%$2.29+80.3%
EPS (Diluted)$3.65+68.2%$2.49+22.1%$2.42-0.8%$2.78+23.0%$2.17+0.9%$2.04+48.9%$2.44+300.0%$2.26+80.8%
Diluted Shares (Avg)281M-3.2%283M-3.4%N/A288M-4.5%290M-4.7%293M-4.3%N/A302M-4.9%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

STT Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

STT quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$418.4B+11.1%$392.2B+5.2%$366.0B+3.6%$371.1B+9.6%$376.7B+15.7%$372.7B+10.3%$353.2B+18.8%$338.5B+19.0%
Cash & Equivalents$4.3B+6.7%$6.5B+39.9%$4.4B+41.0%$4.8B+16.9%$4.0B+38.7%$4.7B+36.5%$3.1B-22.3%$4.1B+1.4%
Short-Term Investments$0$0$0$0$0$0$0$0
Accounts Receivable$696.0M+136.7%$789.0M-19.1%$621.0M+23.2%$550.0M-4.2%$294.0M-35.0%$975.0M+29.7%$504.0M-17.5%$574.0M+21.6%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$8.1B+2.4%$8.1B+4.6%$8.2B+6.1%$7.9B+1.1%$7.9B+2.2%$7.8B+2.4%$7.7B+1.1%$7.8B+4.6%
Total Liabilities$390.1B+11.6%$364.4B+5.3%$338.2B+3.1%$343.4B+9.8%$349.4B+16.1%$346.0B+10.3%$327.9B+19.9%$312.7B+19.9%
Total Equity$28.3B+3.5%$27.7B+3.9%$27.8B+9.9%$27.6B+7.0%$27.3B+10.3%$26.7B+9.2%$25.3B+6.4%$25.8B+9.3%
Retained Earnings$32.7B+7.5%$31.9B+6.4%$31.4B+6.1%$30.9B+6.4%$30.4B+6.1%$30.0B+6.4%$29.6B+5.8%$29.1B+3.9%

Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

STT Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

STT quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow-$2.3B+72.4%-$12.1B-606.8%$10.0B+235.2%$7.9B+191.8%-$8.4B-10.4%$2.4B+383.9%-$7.4B-277.7%$2.7B+1119.8%
Capital Expenditures$675.0M+111.6%$270.0M+19.5%$267.0M+7.2%$243.0M+3.8%$319.0M+49.8%$226.0M-1.7%$249.0M-24.3%$234.0M+73.3%
Free Cash Flow-$3.0B+65.7%-$12.4B-672.0%$9.8B+227.3%$7.7B+209.5%-$8.8B-11.5%$2.2B+302.0%-$7.7B-299.3%$2.5B+2743.7%
Investing Cash Flow-$25.8B-6615.1%-$4.4B+70.0%$1.9B+117.6%$57.0M+100.9%-$384.0M-102.0%-$14.6B+64.7%-$11.0B+20.1%-$6.3B-161.6%
Financing Cash Flow$25.9B+216.2%$18.6B+35.6%-$12.3B-170.1%-$7.2B-252.7%$8.2B+167.9%$13.7B-67.0%$17.6B+81.2%$4.7B+145.9%
Dividends Paid$291.0M+2.8%$293.0M+10.2%$296.0M+6.5%$275.0M+10.4%$283.0M+7.6%$266.0M+9.5%$278.0M+10.8%$249.0M+9.7%
Share Buybacks$400.0M+33.3%$400.0M+300.0%$400.0M-27.3%$400.0M-11.1%$300.0M+50.0%$100.0M-16.0%$550.0M+14.3%$450.0M-55.0%

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation.

STT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

STT quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin26.8%+6.7pp20.1%+0.5pp20.4%-2.6pp24.3%+2.4pp20.1%-2.2pp19.6%+4.9pp22.9%+16.1pp21.9%+7.7pp
Return on Equity3.8%+1.3pp2.8%+0.3pp2.7%-0.4pp3.1%+0.3pp2.5%-0.3pp2.4%+0.5pp3.1%+2.2pp2.8%+1.0pp
Return on Assets0.3%+0.1pp0.2%0.0pp0.2%0.0pp0.2%0.0pp0.2%0.0pp0.2%0.0pp0.2%+0.1pp0.2%+0.1pp
Debt-to-Equity13.80+1.0x13.14+0.2x12.15-0.8x12.42+0.3x12.80+0.6x12.96+0.1x12.95+1.5x12.11+1.1x
Asset Turnover0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x
FCF Margin-74.1%-327.0%266.6%216.0%-254.1%66.1%+100.3pp-225.1%74.1%+71.2pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
State Street Corporation STT FY2025 $13.9B $2.9B 21.1% $45.4B —
Raymond James Financial, Inc. RJF FY2025 $14.1B $2.1B 15.2% $29.5B 21/100
Blue Owl Capital Inc. OWL FY2025 $2.9B $305.5M 10.6% $6.1B 38/100
Northern Trust Corp NTRS FY2025 $8.1B $1.7B 21.5% $30.1B 27/100
The Carlyle Group Inc. CG FY2025 $4.8B $808.7M 16.9% $13.0B 19/100
T Rowe Price Group Inc TROW FY2025 $7.3B $2.1B 28.5% $21.4B 51/100

Frequently Asked Questions

What is State Street Corporation's annual revenue?

State Street Corporation (STT) reported $13.9B in total revenue for fiscal year 2025. This represents a 6.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is State Street Corporation's revenue growing?

State Street Corporation (STT) revenue grew by 6.6% year-over-year, from $13.1B to $13.9B in fiscal year 2025.

Is State Street Corporation profitable?

Yes, State Street Corporation (STT) reported a net income of $2.9B in fiscal year 2025, with a net profit margin of 21.1%.

State Street Corporation (STT) reported diluted earnings per share of $9.40 for fiscal year 2025. This represents a 14.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

State Street Corporation (STT) had a net profit margin of 21.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, State Street Corporation (STT) paid $3.20 per share in dividends during fiscal year 2025.

State Street Corporation (STT) has a return on equity of 10.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

State Street Corporation (STT) generated $10.8B in free cash flow during fiscal year 2025. This represents a 176.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

State Street Corporation (STT) generated $11.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

State Street Corporation (STT) had $366.0B in total assets as of fiscal year 2025, including both current and long-term assets.

State Street Corporation (STT) invested $1.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, State Street Corporation (STT) spent $1.2B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

State Street Corporation (STT) had 279M shares outstanding as of fiscal year 2025.

State Street Corporation (STT) had a debt-to-equity ratio of 12.15 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

State Street Corporation (STT) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

State Street Corporation (STT) trades at 13.1x earnings, its market capitalization divided by net income of $3.5B net income, trailing 12 months to June 30, 2026. The market capitalization is $45.4B as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

State Street Corporation (STT) trades at 3.0x sales, its market capitalization divided by revenue of $15.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $45.4B as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

State Street Corporation (STT) has a Piotroski F-Score of 6 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

State Street Corporation (STT) has an earnings quality ratio of 4.04x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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