State Street Corporation (STT) 10-Year Financial Performance & Capital Metrics

STT • • Banking & Credit

Financial ServicesAsset ManagementTraditional Asset ManagementGlobal Diversified Asset Managers

AboutState Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody; product accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data. In addition, the company offers investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. Further, it provides services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded fund under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.Show more

Net Interest Income $2.92B +5.9%
Total Revenue $21.97B +19.6%
Net Income $2.69B +38.2%
Return on Equity 10.94% +37.8%
Net Interest Margin 0.83% -10.8%
Efficiency Ratio 43% -17.6%
ROA 0.83% +27.2%
Equity / Assets 7.17% -10.4%
Book Value per Share 83.80 +15.0%
Tangible BV/Share 54.75 +20.2%
Debt/Equity 1.45 +41.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 43.0% efficiency ratio
✓Healthy dividend yield of 2.5%
✓Share count reduced 7.5% through buybacks
✓Diversified revenue: 45.5% from non-interest income
✓Trading near 52-week high

✗Weaknesses

✗Weak NIM of 0.8%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.5%

5Y10.85%

3Y22.24%

TTM-

Profit (Net Income) CAGR

10Y2.88%

5Y3.69%

3Y-0.07%

TTM40.97%

EPS CAGR

10Y5.76%

5Y8.82%

3Y4.52%

TTM49.29%

ROCE

10Y Avg7.23%

5Y Avg6.65%

3Y Avg5.87%

Latest4.6%

Peer Comparison

Global Diversified Asset Managers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SIISprott Inc.	2.97B	115.19	60.31	19.02%	29.28%	14.59%	2.27%
EMBJEmbraer S.A.	13.36B	73.93	38.51	21.38%	5.51%	10.43%	3.03%	0.78
BENFranklin Resources, Inc.	13.54B	25.97	28.54	3.45%	5.98%	3.61%	6.73%	0.94
BLKBlackRock, Inc.	179.4B	1156.65	27.53	14.27%	31.21%	9.86%	2.62%	0.29
IVZInvesco Ltd.	13.08B	29.39	24.91	6.13%	12.77%	6.75%	8.57%	0.48
SEICSEI Investments Company	10.6B	86.54	19.62	10.7%	27.35%	28.87%	5.34%	0.01
JHGJanus Henderson Group plc	7.15B	47.89	18.71	17.67%	16.53%	9.41%	9.57%	0.10
STTState Street Corporation	38.07B	136.29	16.60	19.64%	12.23%	10.78%		1.45

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	2.09B	2.08B	2.3B	2.67B	2.57B	2.2B	1.91B	2.54B	2.76B	2.92B
NII Growth %	-0.08%	-0%	0.11%	0.16%	-0.04%	-0.14%	-0.13%	0.34%	0.08%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	2.49B	2.51B	2.91B	3.66B	3.94B	2.58B	1.91B	4.09B	9.18B	11.98B
Interest Expense	400M	428M	604M	991M	1.38B	375M	3M	1.54B	6.42B	9.05B
Loan Loss Provision	12M	10M	2M	15M	10M	88M	-33M	20M	46M	75M
Non-Interest Income+	8.27B	8.12B	8.96B	9.46B	9.19B	9.49B	10.12B	9.58B	9.19B	10B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	10.76B	10.63B	11.87B	13.12B	13.13B	12.07B	12.03B	13.67B	18.37B	21.97B
Revenue Growth %	0.01%	-0.01%	0.12%	0.11%	0%	-0.08%	-0%	0.14%	0.34%	0.2%
Non-Interest Expense	8.05B	8.08B	8.27B	9.02B	9.03B	8.71B	8.89B	8.78B	9.58B	9.45B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	2.3B	2.12B	3B	3.1B	2.71B	2.9B	3.17B	3.33B	2.32B	3.4B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.06%	-0.08%	0.41%	0.04%	-0.13%	0.07%	0.09%	0.05%	-0.3%	0.47%
Pretax Income+	2.3B	2.12B	3B	3.1B	2.71B	2.9B	3.17B	3.33B	2.32B	3.4B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	318M	-22M	839M	508M	470M	479M	478M	553M	372M	708M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.98B	2.14B	2.16B	2.59B	2.24B	2.42B	2.69B	2.77B	1.94B	2.69B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.02%	0.08%	0.01%	0.2%	-0.14%	0.08%	0.11%	0.03%	-0.3%	0.38%
Net Income (Continuing)	1.98B	2.14B	2.16B	2.59B	2.24B	2.42B	2.69B	2.77B	1.94B	2.69B
EPS (Diluted)+	4.47	4.97	5.24	6.40	5.38	6.32	7.19	7.19	5.58	8.21
EPS Growth %	-0.05%	0.11%	0.05%	0.22%	-0.16%	0.17%	0.14%	0%	-0.22%	0.47%
EPS (Basic)	4.53	5.03	5.32	6.48	5.43	6.40	7.30	7.28	5.65	8.33
Diluted Shares Outstanding	413.64M	396.09M	380.21M	376.48M	373.67M	357.11M	357.96M	370.11M	326.57M	302.23M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	76.67B	72.38B	69.45B	76.31B	72.33B	120.48B	110.05B	105.63B	91.71B	116.1B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	129.31B	129.08B	131.08B	126.46B	131.96B	152.02B	152.63B	143.4B	139.91B	155.76B
Investments Growth %	-0.09%	-0%	0.02%	-0.04%	0.04%	0.15%	0%	-0.06%	-0.02%	0.11%
Long-Term Investments	54.98B	64.11B	69.63B	75.77B	75.74B	89.05B	79.23B	102.82B	95.38B	137.31B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	5.67B	5.81B	6.02B	7.45B	7.56B	7.68B	7.62B	7.5B	7.61B	7.69B
Intangible Assets	1.77B	1.75B	1.61B	2.37B	2.03B	1.83B	1.82B	1.54B	1.32B	1.09B
PP&E (Net)	1.89B	2.06B	2.19B	2.21B	3.14B	2.87B	2.8B	2.81B	3.2B	3.53B
Other Assets	4.85B	5.68B	23.46B	25.02B	23.68B	24.77B	34.25B	34.43B	46.13B	62.88B
Total Current Assets	175.81B	163.08B	135.4B	131.66B	133.24B	188.26B	188.65B	151.22B	142.58B	140.03B
Total Non-Current Assets	69.35B	79.62B	103.02B	112.94B	112.37B	126.44B	125.97B	150.23B	154.68B	213.21B
Total Assets+	245.16B	242.7B	238.43B	244.6B	245.61B	314.71B	314.62B	301.45B	297.26B	353.24B
Asset Growth %	-0.11%	-0.01%	-0.02%	0.03%	0%	0.28%	-0%	-0.04%	-0.01%	0.19%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	17.75B	17.41B	15.61B	15.27B	14.45B	21.2B	15.18B	18.27B	24.37B	36.79B
Net Debt	-58.92B	-54.97B	-53.85B	-61.04B	-57.88B	-99.28B	-94.87B	-87.36B	-67.35B	-79.31B
Long-Term Debt	11.16B	11.14B	11.37B	10.9B	12.37B	13.7B	10.77B	12.66B	17.68B	23.16B
Short-Term Debt	6.25B	5.99B	3.99B	4.17B	1.94B	7.4B	4.25B	5.43B	6.5B	13.52B
Other Liabilities	0	0	0	0	0	0	0	0	28.12B	29.2B
Total Current Liabilities	212.52B	210.05B	204.49B	208.77B	208.67B	274.7B	276.33B	263.42B	227.47B	275.44B
Total Non-Current Liabilities	11.5B	11.43B	11.62B	11.09B	12.51B	13.8B	10.93B	12.84B	45.98B	52.47B
Total Liabilities	224.02B	221.48B	216.11B	219.86B	221.18B	288.51B	287.26B	276.26B	273.46B	327.91B
Total Equity+	21.14B	21.22B	22.32B	24.74B	24.43B	26.2B	27.36B	25.19B	23.8B	25.33B
Equity Growth %	-0.01%	0%	0.05%	0.11%	-0.01%	0.07%	0.04%	-0.08%	-0.06%	0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.09%	0.1%	0.1%	0.11%	0.09%	0.1%	0.1%	0.11%	0.08%	0.11%
Book Value per Share	51.10	53.57	58.70	65.71	65.38	73.37	76.44	68.06	72.88	83.80
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	504M	504M	504M	504M	504M	504M	504M	504M	504M	504M
Additional Paid-in Capital	9.75B	9.78B	9.8B	10.06B	10.13B	10.21B	10.79B	10.73B	10.74B	10.72B
Retained Earnings	16.05B	17.46B	18.86B	20.55B	21.92B	23.44B	25.24B	27.03B	27.96B	29.58B
Accumulated OCI	-1.44B	-2.04B	-1.01B	-1.36B	-876M	187M	-1.13B	-3.71B	-2.35B	-2.1B
Treasury Stock	-6.46B	-7.68B	-9.03B	-8.71B	-10.21B	-10.61B	-10.01B	-11.34B	-15.03B	-16.2B
Preferred Stock	2.7B	3.2B	3.2B	3.69B	2.96B	2.47B	1.98B	1.98B	1.98B	2.82B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.4B	2.29B	6.93B	10.18B	5.69B	3.53B	-6.71B	11.95B	690M	-13.21B
Operating CF Growth %	-1.5%	2.63%	2.03%	0.47%	-0.44%	-0.38%	-2.9%	2.78%	-0.94%	-20.14%
Net Income	1.98B	2.14B	2.18B	2.59B	2.24B	2.42B	2.69B	2.77B	1.94B	2.69B
Depreciation & Amortization	640M	679M	1.08B	1.2B	1.34B	1.51B	1.56B	1.16B	882M	605M
Deferred Taxes	-168M	-358M	95M	-136M	-130M	-194M	-162M	-62M	-184M	0
Other Non-Cash Items	746M	736M	88M	-198M	421M	445M	368M	307M	597M	609M
Working Capital Changes	-4.6B	-923M	3.23B	6.41B	1.82B	-649M	-11.17B	7.52B	-2.55B	-17.11B
Cash from Investing+	25B	4.23B	48M	-4.5B	-2.63B	-65.53B	-2.17B	6.82B	12.74B	-39.48B
Purchase of Investments	-35.16B	-39.23B	-43.85B	-39.79B	-45.16B	-82.53B	-62.33B	-26.84B	-24.81B	-1.2B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-437M	0	-2.6B	-54M	0	-333M	0	-61M	-194M
Other Investing	16.68B	5.1B	-986M	-8.52B	6.88B	-49.89B	6.11B	2.73B	8.33B	-47.08B
Cash from Financing+	-24.24B	-6.41B	-6.19B	-4.47B	-2.97B	62.17B	9.05B	-18.43B	-13.35B	51.79B
Dividends Paid	-655M	-723M	-768M	-828M	-930M	-889M	-866M	-972M	-970M	-1.03B
Share Repurchases	-1.74B	-1.49B	-1.42B	-474M	-2.42B	-1.09B	-1.44B	-1.62B	-3.88B	-2.9B
Stock Issued	0	493M	0	1.15B	0	0	1.9B	0	0	2.32B
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	1000K	1000K	1000K
Other Financing	-17.34B	-4.48B	-2.26B	-4.54B	1.53B	60.24B	13.41B	-19.97B	-12.74B	42.75B
Net Change in Cash+	-648M	107M	793M	1.21B	90M	165M	164M	339M	77M	-902M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	1.85B	1.21B	1.31B	2B	3.21B	3.3B	3.47B	3.63B	3.97B	4.05B
Cash at End	1.21B	1.31B	2.11B	3.21B	3.3B	3.47B	3.63B	3.97B	4.05B	3.15B
Interest Paid	385M	441M	593M	981M	1.38B	375M	37M	1.35B	6.18B	8.95B
Income Taxes Paid	211M	371M	345M	549M	510M	403M	559M	436M	423M	451M
Free Cash Flow+	-2.11B	1.68B	6.3B	9.57B	4.96B	2.97B	-7.52B	11.22B	-126M	-14.14B
FCF Growth %	-1.13%	1.8%	2.75%	0.52%	-0.48%	-0.4%	-3.53%	2.49%	-1.01%	-111.19%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.33%	10.12%	9.9%	11.02%	9.12%	9.56%	10.06%	10.56%	7.94%	10.94%
Return on Assets (ROA)	0.76%	0.88%	0.9%	1.07%	0.91%	0.86%	0.86%	0.9%	0.65%	0.83%
Net Interest Margin	0.85%	0.86%	0.97%	1.09%	1.04%	0.7%	0.61%	0.84%	0.93%	0.83%
Efficiency Ratio	74.81%	75.95%	69.66%	68.7%	68.8%	72.14%	73.89%	64.22%	52.18%	43%
Equity / Assets	8.62%	8.74%	9.36%	10.11%	9.95%	8.33%	8.7%	8.36%	8.01%	7.17%
Book Value / Share	51.1	53.57	58.7	65.71	65.38	73.37	76.44	68.06	72.88	83.8
NII Growth	-7.61%	-0.19%	10.56%	15.93%	-3.93%	-14.26%	-13.41%	33.54%	8.45%	5.94%
Dividend Payout	33.08%	33.74%	35.62%	31.93%	41.48%	36.74%	27.92%	35.04%	49.9%	38.44%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Investment Servicing	9.16B	8.88B	9.48B	10.03B	9.83B	9.73B	9.8B	10.14B	10.16B	10.66B
Investment Servicing Growth	-	-3.08%	6.76%	5.84%	-1.99%	-1.07%	0.70%	3.49%	0.21%	4.88%
Investment Management	1.2B	1.33B	1.69B	1.98B	1.92B	1.97B	2.12B	2.02B	2.08B	2.34B
Investment Management Growth	-	10.77%	27.35%	17.22%	-2.98%	2.71%	7.35%	-4.62%	2.87%	12.75%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	5.93B	5.79B	6.44B	6.8B	6.78B	6.45B	6.66B	6.98B	6.84B	7.51B
UNITED STATES Growth	-	-2.43%	11.20%	5.72%	-0.32%	-4.88%	3.18%	4.84%	-2.02%	9.92%
Non-US	4.43B	4.42B	4.73B	5.18B	4.97B	5.25B	5.37B	5.17B	5.11B	5.49B
Non-US Growth	-	-0.20%	7.13%	9.38%	-3.94%	5.59%	2.27%	-3.74%	-1.20%	7.38%

Frequently Asked Questions

Valuation & Price

State Street Corporation (STT) has a price-to-earnings (P/E) ratio of 16.6x. This is roughly in line with market averages.

Growth & Financials

State Street Corporation (STT) grew revenue by 19.6% over the past year. This is strong growth.

Yes, State Street Corporation (STT) is profitable, generating $2.98B in net income for fiscal year 2024 (12.2% net margin).

Dividend & Returns

Yes, State Street Corporation (STT) pays a dividend with a yield of 2.51%. This makes it attractive for income-focused investors.

State Street Corporation (STT) has a return on equity (ROE) of 10.9%. This is reasonable for most industries.

Industry Metrics

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 43.0%. This is excellent, indicating strong cost control.

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