Zacks Investment Research·2d ago
Can State Street Sustain Its Strong Revenue Growth Trajectory?STT's revenue growth is driven by rising NII, higher fee income and record client assets, but can it sustain the momentum? Let's find out.
State Street's earnings base rests on a fee-heavy model, with non-interest income of $3.1B in 2026Q3 representing roughly 78% of total revenue, which suggests the custody and servicing franchise remains the primary earnings anchor.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue and margin performance improved in 2026Q3, with net income of $1.1B and diluted EPS of $3.69 up 32.7% year over year, though the 2024Q1 trough and fee dependence near 78% suggest earnings quality still depends on sustained fee income.
State Street reported earnings per share of $2.97, surpassing analyst expectations. Revenue grew 7.5% YoY, while net income jumped 38% from 2023 to 2024. Assets under custody and administration rose to $46.56 trillion, an 11% increase year‑over‑year.
The firm is investing in its integrated Alpha platform and Private Markets initiatives to drive organic growth and operational efficiencies. Platforms such as State Street Alpha and Charles River are expanding the company’s service offerings.
State Street manages approximately $49 trillion in assets under custody and administration and $5.1 trillion in assets under management, positioning it as a cornerstone of global asset servicing.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 14, 2026 | $3.69+0.3% vs $3.68 | $4.0B-0.8% vs $4.0B |
Q3 2026 Jul 16, 2026 | $3.65+9.3% vs $3.34 | $4.0B+4.3% vs $3.9B |
Q2 2026 Apr 17, 2026 | $2.84+7.6% vs $2.64 | $3.8B+3.6% vs $3.7B |
Q1 2026 Jan 16, 2026 | $2.97+4.6% vs $2.84 | $3.7B+1.8% vs $3.6B |
STT's revenue growth is driven by rising NII, higher fee income and record client assets, but can it sustain the momentum? Let's find out.
Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of State Street Corporation (NYSE: STT) in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 26,073 shares of the asset manager's stock, valued at approximately $4,552,000. Other large
Bank Julius Baer and Co. Ltd Zurich purchased a new position in shares of State Street Corporation (NYSE: STT) during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,370 shares of the asset manager's stock, valued at approximately $2,530,000. Other hedge funds and
JPMorgan, Citi, Barclays, and 17 other financial giants just signed onto DTCC's blockchain settlement platform, yet the coin powering that network keeps sliding deeper into the red. Something about how these banks actually use the network may surprise CC holders.
Benchmark STT against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for State Street Corporation (STT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $165.56 | $45.82B | 17.61 | 7.93% | 21.12% | 11.08% | 1.87% | |
| $143.80 | $98.7B | 19.41 | 8.22% | 14.66% | 13.32% | 1.43% | |
| $172.76 | $31.61B | 19.77 | -2.46% | 26.03% | 18.41% | 1.82% | |
| $33.73 | $17.53B | 37.07 | 3.52% | 9.56% | 6.35% | 3.93% | |
| $27.08 | $12B | -16.93 | 4.75% | -1.12% | -0.59% | 3.07% | |
| $865.82 | $260.7B | 16.87 | 8.92% | 41.38% | 15.55% | 1.92% |
State Street Corporation (STT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
State Street Corporation (STT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 20, 2026·SEC
Oct 14, 2026·SEC
Jul 16, 2026·SEC
Feb 19, 2026·SEC
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State Street Corporation (STT) stock FAQ — growth, dividends, profitability & financials explained
State Street Corporation (STT) grew revenue by 7.9% in fiscal year 2025, compared with the prior fiscal year.
Yes. State Street Corporation (STT) earned $3.46B in net income over the trailing twelve months (a 23.1% net margin).
Yes. State Street Corporation (STT) pays a dividend that yields 1.87% at the current price, a moderate yield.
State Street Corporation (STT) had a return on equity (ROE) of 11.1% in fiscal year 2025. That is in line with the market's typical 10-15%.
State Street Corporation (STT) has a net interest margin (NIM) of 0.8%. NIM has been under pressure due to interest rate environment.
State Street Corporation (STT) has an efficiency ratio of 72.8%. This is higher than peers, suggesting room for cost optimization.
