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State Street Corporation

State Street Corporation

NYSE•STT
CEO: Mr. Ronald Philip O'Hanley
Sector: Financial Services
Industry: Asset Management
Listing Date: 1980-03-17
State 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, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; 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 funds under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds, UCITS, hedge 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.
Contact Information
One Congress Street, Boston, MA, 02114-2016, United States
617-786-3000
www.statestreet.com
Market Cap
$32.63B
P/E (TTM)
11.1
0
Dividend Yield
2.7%
52W High
$122.69
52W Low
$72.81
52W Range
88%
4.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$5.97B+7.84%
4-Quarter Trend

EPS

$2.83+23.58%
4-Quarter Trend

FCF

$8.13B+228.50%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Diluted EPS Jumps 23% Diluted EPS reached $2.78, increasing 23% compared to Q3 2024, driven primarily by higher total revenue performance.
Total Revenue Rises Nine Percent Total revenue grew 9% to $3.545B, primarily reflecting strong 8% growth in total fee revenue to $2.829B for the quarter.
AUC/A Increases Ten Percent Assets Under Custody/Administration (AUC/A) grew 10% year-end to $51.66T, supported by $361B in newly announced mandates.
Capital Ratios Remain Strong Standardized CET1 capital ratio improved to 11.3% as of September 30, 2025, exceeding the 10% minimum target range.

Risk Factors

Credit Loss Reserves Increase Provision for credit losses reflects evolving macroeconomic environment and increased reserves associated with leveraged and CRE loans.
Intense Pricing Pressure Noted Industry faces historical pricing pressure, impacting servicing fee revenue run rate from announced AUC/A wins across mandates.
Technology Initiatives Pose Risks State Street Alpha and AI adoption may impose costs, involve third-party dependencies, and expose firm to increased operational risks.
Global Market Volatility Exposure Business faces adverse effects from geopolitical events, market volatility, and potential central bank actions globally affecting NII.

Outlook

Shareholder Capital Returned Returned $637M to shareholders via common share repurchases ($400M) and declared common stock dividends in Q3 2025.
Debt Management Actions Taken Issued $1B senior notes due 2036 and notified redemption of $500M senior notes due 2026 in late October 2025.
Technology Investment Continues Total expenses increased 5% due to investments improving technology capabilities and business functions across operating segments.
Future AUC/A Conversion Timing Expect $3.6T of pending AUC/A conversion to occur over 24 months, mostly in late 2025 through 2027.

Peer Comparison

Revenue (TTM)

The Bank of New York Mellon CorporationBK
$40.37B
+19.4%
State Street CorporationSTT
$22.91B
+7.8%
BlackRock, Inc.BLK
$22.89B
+18.2%

Gross Margin (Latest Quarter)

T. Rowe Price Group, Inc.TROW
102.9%
+50.2 pp
Blackstone Inc.BX
100.0%
+3.7 pp
Affiliated Managers Group, Inc.AMG
98.3%
+41.1 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BX$169.74B40.932.9%29.3%
BLK$163.93B26.912.2%1.4%
BK$77.04B14.912.2%7.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+1.7%
Moderate Growth
4Q Net Income CAGR
+3.2%
Profitability Slowly Improving
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $5.97B+7.8%
    |
    EPS: $2.83+23.6%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 31, 2025|
    Revenue: $5.77B+5.9%
    |
    EPS: $2.20+0.9%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $5.49B+3.4%
    |
    EPS: $2.07+50.0%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 13, 2025|
    Revenue: $21.97B+19.6%
    |
    EPS: $8.33+47.4%
    Meet
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $5.54B+26.0%
    |
    EPS: $2.29+80.3%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $5.45B+17.3%
    |
    EPS: $2.18-0.9%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $5.31B+21.8%
    |
    EPS: $1.38-10.4%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 15, 2024|
    Revenue: $18.37B+34.4%
    |
    EPS: $5.65-22.4%
    Miss