NYSE : STT
State Street Corporation — Financial statements
Financials · Asset Management · United States
Last price 173.75 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 47.27B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 11.16B | 11.64B | 11.98B | 9.18B | 4.09B | 1.91B |
| Interest Paid on Deposits | 7.80B | 8.68B | 9.05B | 6.42B | 1.54B | 3.00M |
| Net Interest Income | 3.36B | 2.96B | 2.92B | 2.76B | 2.54B | 1.91B |
| Trust Income | 2.84B | 2.40B | 2.12B | 1.88B | 1.94B | 2.05B |
| Gain (Loss) on Sale of Investments | 4.00M | 4.00M | -79.00M | -294.00M | -2.00M | 57.00M |
| Other Non-Interest Income | 9.31B | 8.58B | 8.03B | 7.60B | 7.67B | 8.01B |
| Total Non-Interest Income | 12.15B | 10.98B | 10.08B | 9.19B | 9.60B | 10.12B |
| Revenues Before Loan Losses | 15.52B | 13.94B | 13.00B | 11.95B | 12.15B | 12.03B |
| Provision for Loan Losses | 20.00M | 59.00M | 75.00M | 46.00M | 20.00M | -33.00M |
| Revenue | 15.49B | 13.88B | 12.93B | 11.90B | 12.13B | 12.06B |
| Salaries and Employee Benefits | 4.86B | 4.56B | 4.49B | 4.35B | 4.13B | 4.33B |
| Occupancy Expenses | 418.00M | 418.00M | 424.00M | 405.00M | 374.00M | |
| Amortization of Goodwill & Intangibles | 223.00M | 223.00M | 230.00M | 239.00M | 238.00M | 245.00M |
| Selling, General & Administrative | 2.81B | 2.51B | 2.19B | 2.05B | 1.97B | 2.41B |
| Other Non-Interest Expense | 2.27B | 2.18B | 2.10B | 1.94B | 1.95B | 1.85B |
| Total Non-Interest Expense | 10.58B | 9.89B | 9.43B | 8.99B | 8.66B | 8.83B |
| EBT Excluding Unusual Items | 4.92B | 4.00B | 3.49B | 2.91B | 3.47B | 3.23B |
| Other Unusual Items | 60.00M | 60.00M | ||||
| Pretax Income | 4.66B | 3.73B | 3.40B | 2.32B | 3.33B | 3.17B |
| Income Tax Expense | 979.00M | 786.00M | 708.00M | 372.00M | 553.00M | 478.00M |
| Earnings From Continuing Operations | 3.69B | 2.94B | 2.69B | 1.94B | 2.77B | 2.69B |
| Net Income | 3.69B | 2.94B | 2.69B | 1.94B | 2.77B | 2.69B |
| Preferred Dividends & Other Adjustments | 236.00M | 228.00M | 204.00M | 123.00M | 114.00M | 121.00M |
| Net Income to Common | 3.45B | 2.72B | 2.48B | 1.82B | 2.66B | 2.57B |
| Basic Shares Outstanding | 277.17M | 284.55M | 297.88M | 322.34M | 365.21M | 352.56M |
| Diluted Shares Outstanding | 281.99M | 289.02M | 302.23M | 326.57M | 370.11M | 357.96M |
| EPS (Basic) | 12.44 | 9.55 | 8.34 | 5.65 | 7.28 | 7.30 |
| EPS (Diluted) | 12.23 | 9.40 | 8.21 | 5.58 | 7.19 | 7.19 |
| Dividend Per Share | 3.44 | 3.20 | 2.90 | 2.64 | 2.40 | 2.18 |
| Effective Tax Rate | 20.99% | 21.07% | 20.85% | 16.06% | 16.62% | 15.07% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.80B | 4.43B | 3.15B | 4.05B | 3.97B | 3.63B |
| Investment Securities | 206.59B | 191.78B | 180.47B | 146.64B | 162.52B | 174.32B |
| Trading Asset Securities | 9.93B | 4.98B | 11.95B | 6.08B | 8.31B | 4.87B |
| Mortgage-Backed Securities | 51.21B | 51.04B | 49.10B | 52.34B | 52.81B | 54.04B |
| Total Investments | 267.74B | 247.80B | 241.53B | 205.06B | 223.65B | 233.23B |
| Gross Loans | 49.31B | 46.78B | 43.20B | 36.63B | 32.15B | 32.53B |
| Allowance for Loan Losses | -152.00M | -193.00M | -174.00M | -135.00M | -97.00M | -87.00M |
| Net Loans | 49.16B | 46.59B | 43.03B | 36.50B | 32.05B | 32.45B |
| Property, Plant & Equipment | 5.09B | 4.04B | 3.53B | 3.20B | 2.81B | 2.80B |
| Goodwill | 8.09B | 8.16B | 7.69B | 7.61B | 7.50B | 7.62B |
| Other Intangible Assets | 763.00M | 935.00M | 1.09B | 1.32B | 1.54B | 1.82B |
| Accrued Interest Receivable | 946.00M | 885.00M | 954.00M | 1.09B | 804.00M | 518.00M |
| Other Receivables | 4.89B | 4.39B | 3.73B | 3.58B | 3.27B | 3.31B |
| Other Current Assets | 4.89B | 4.11B | 5.05B | 5.81B | 4.04B | 2.44B |
| Long-Term Deferred Tax Assets | 619.00M | 627.00M | 701.00M | 1.03B | 1.13B | 254.00M |
| Other Long-Term Assets | 55.20B | 44.08B | 42.80B | 28.01B | 20.69B | 26.55B |
| Total Assets | 403.34B | 366.05B | 353.24B | 297.26B | 301.45B | 314.62B |
| Accrued Expenses | 10.74B | 7.84B | 8.11B | 8.34B | 7.96B | 7.10B |
| Interest Bearing Deposits | 269.80B | 239.08B | 228.74B | 188.40B | 188.71B | 198.57B |
| Non-Interest Bearing Deposits | 41.85B | 35.27B | 33.18B | 32.57B | 46.76B | 56.46B |
| Total Deposits | 311.65B | 274.35B | 261.92B | 220.97B | 235.46B | 255.03B |
| Short-Term Borrowings | 26.99B | 29.86B | 34.45B | 25.15B | 17.67B | 11.47B |
| Current Portion of Long-Term Debt | 3.85B | 1.28B | 977.00M | |||
| Current Portion of Leases | 208.00M | |||||
| Long-Term Debt | 25.13B | 21.19B | 21.91B | 17.73B | 14.82B | 13.31B |
| Long-Term Leases | 761.00M | 79.00M | 130.00M | 176.00M | 164.00M | |
| Long-Term Unearned Revenue | 101.00M | 131.00M | 144.00M | 133.00M | 138.00M | 130.00M |
| Pension & Post-Retirement Benefits | 18.00M | 20.00M | 26.00M | 34.00M | 45.00M | |
| Other Long-Term Liabilities | 12.00M | |||||
| Total Liabilities | 374.63B | 338.21B | 327.91B | 273.46B | 276.26B | 287.26B |
| Preferred Stock, Redeemable | 4.05B | 3.56B | 2.82B | 1.98B | 1.98B | 1.98B |
| Common Stock | 504.00M | 504.00M | 504.00M | 504.00M | 504.00M | 504.00M |
| Retained Earnings | 33.44B | 31.39B | 29.58B | 27.96B | 27.03B | 25.24B |
| Treasury Stock | -18.37B | -17.28B | -16.20B | -15.03B | -11.34B | -10.01B |
| Comprehensive Income & Other | 9.08B | 9.66B | 8.62B | 8.39B | 7.02B | 9.65B |
| Total Common Equity | 24.66B | 24.28B | 22.51B | 21.82B | 23.21B | 25.39B |
| Shareholders' Equity | 28.71B | 27.84B | 25.33B | 23.80B | 25.19B | 27.36B |
| Total Liabilities & Equity | 403.34B | 366.05B | 353.24B | 297.26B | 301.45B | 314.62B |
| Total Debt | 52.12B | 55.86B | 57.72B | 43.99B | 32.66B | 24.95B |
| Net Cash (Debt) | 108.25B | 87.29B | 77.01B | 60.49B | 86.43B | 92.92B |
| Net Cash Per Share | 383.90 | 302.04 | 254.82 | 185.24 | 233.52 | 259.58 |
| Filing Date Shares Outstanding | 272.08M | 278.73M | 288.47M | 301.94M | 344.48M | 366.07M |
| Total Common Shares Outstanding | 272.83M | 279.08M | 288.77M | 301.94M | 349.02M | 365.98M |
| Book Value Per Share | 90.37 | 87.01 | 77.95 | 72.27 | 66.51 | 69.37 |
| Tangible Book Value | 15.80B | 15.19B | 13.73B | 12.89B | 14.18B | 15.95B |
| Tangible Book Value Per Share | 57.90 | 54.42 | 47.55 | 42.70 | 40.62 | 43.58 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.69B | 2.94B | 2.69B | 1.94B | 2.77B | 2.69B |
| Depreciation & Amortization | 1.40B | 1.11B | 1.05B | 1.07B | 1.16B | 1.56B |
| Gain (Loss) on Sale of Investments | -4.00M | -4.00M | 79.00M | 294.00M | 2.00M | -57.00M |
| Provision for Credit Losses | 20.00M | 59.00M | 75.00M | 46.00M | 20.00M | -33.00M |
| Change in Trading Asset Securities | 31.00M | -59.00M | 5.00M | -123.00M | 108.00M | 57.00M |
| Accrued Interest Receivable | -408.00M | -350.00M | -224.00M | -359.00M | -156.00M | -173.00M |
| Change in Other Net Operating Assets | -6.94B | 8.43B | -16.89B | -2.07B | 7.67B | -10.99B |
| Other Operating Activities | 42.00M | -240.00M | -1.00M | -113.00M | 376.00M | 239.00M |
| Operating Cash Flow | -2.18B | 11.90B | -13.21B | 690.00M | 11.95B | -6.71B |
| Capital Expenditures | -1.56B | -1.05B | -926.00M | -816.00M | -734.00M | -811.00M |
| Cash Acquisitions | -286.00M | -286.00M | -194.00M | -61.00M | -346.00M | |
| Investment in Securities | -13.99B | -9.64B | -30.91B | 17.74B | 7.38B | 3.34B |
| Divestitures | 13.00M | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -3.07B | -2.65B | -7.12B | -4.24B | 119.00M | -4.61B |
| Other Investing Activities | 776.00M | 644.00M | -332.00M | 117.00M | 51.00M | 241.00M |
| Investing Cash Flow | -18.13B | -12.99B | -39.48B | 12.74B | 6.82B | -2.17B |
| Short-Term Debt Issued | 7.99B | 2.25B | 1.97B | |||
| Long-Term Debt Issued | 5.72B | 6.52B | 6.22B | 3.73B | 1.34B | |
| Total Debt Issued | 3.85B | 5.72B | 14.52B | 8.47B | 5.70B | 1.34B |
| Short-Term Debt Repaid | -8.86B | -398.00M | -5.70B | |||
| Long-Term Debt Repaid | -4.14B | -2.05B | -2.54B | -1.57B | -1.44B | |
| Total Debt Repaid | -11.65B | -13.00B | -2.05B | -2.54B | -1.97B | -7.14B |
| Net Debt Issued (Repaid) | -7.80B | -7.28B | 12.47B | 5.93B | 3.73B | -5.80B |
| Issuance of Common Stock | 1.90B | |||||
| Repurchase of Common Stock | -1.75B | -1.31B | -1.40B | -3.88B | -1.62B | -939.00M |
| Preferred Stock Issued | 496.00M | 743.00M | 2.32B | |||
| Preferred Share Repurchases | -1.50B | -500.00M | ||||
| Total Dividends Paid | -1.17B | -1.12B | -1.03B | -970.00M | -972.00M | -866.00M |
| Net Increase (Decrease) in Deposit Accounts | 30.59B | 11.36B | 40.95B | -14.49B | -19.57B | 15.25B |
| Other Financing Activities | -24.00M | -20.00M | -20.00M | 57.00M | ||
| Financing Cash Flow | 20.34B | 2.38B | 51.79B | -13.35B | -18.43B | 9.05B |
| Net Cash Flow | 40.00M | 1.29B | -902.00M | 77.00M | 339.00M | 164.00M |
| Free Cash Flow | -3.73B | 10.84B | -14.14B | -126.00M | 11.22B | -7.52B |
| Free Cash Flow Margin | -24.10% | 78.09% | -109.37% | -1.06% | 92.51% | -62.36% |
| Free Cash Flow Per Share | -13.24 | 37.52 | -46.77 | -0.39 | 30.32 | -21.01 |
| Cash Interest Paid | 7.80B | 8.80B | 8.95B | 6.18B | 1.35B | 37.00M |
| Cash Income Tax Paid | 600.00M | 594.00M | 451.00M | 423.00M | 436.00M | 559.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 46.19B | 36.03B | 28.77B | 23.90B | 28.46B | 34.00B |
| Last Close Price | 169.77 | 126.02 | 92.97 | 71.42 | 68.98 | 79.98 |
| PE Ratio | 13.88 | 13.26 | 11.59 | 13.13 | 10.70 | 13.22 |
| PS Ratio | 2.98 | 2.60 | 2.23 | 2.01 | 2.35 | 2.82 |
| PB Ratio | 1.88 | 1.29 | 1.14 | 1.00 | 1.13 | 1.24 |
| P/FCF Ratio | 3.32 | 2.54 | ||||
| P/OCF Ratio | 3.03 | 34.64 | 2.38 | |||
| Debt / Equity Ratio | 1.81 | 2.01 | 2.28 | 1.85 | 1.30 | 0.91 |
| Debt / FCF Ratio | 5.15 | 2.91 | ||||
| Net Debt / Equity Ratio | -3.77 | -3.13 | -3.04 | -2.54 | -3.43 | -3.40 |
| Net Debt / FCF Ratio | 28.99 | -8.05 | 5.45 | 480.12 | -7.70 | 12.35 |
| Return on Equity (ROE) | 13.08% | 11.08% | 10.94% | 7.94% | 10.56% | 10.05% |
| Return on Assets (ROA) | 0.95% | 0.82% | 0.83% | 0.65% | 0.90% | 0.86% |
| Earnings Yield | 7.21% | 8.17% | 9.34% | 8.13% | 9.75% | 7.92% |
| FCF Yield | -8.08% | 30.09% | -49.13% | -0.53% | 39.42% | -22.12% |
| Dividend Yield | 2.17% | 2.48% | 2.91% | 3.33% | 2.94% | 2.35% |
| Payout Ratio | 30.08% | 38.03% | 38.44% | 49.90% | 35.04% | 32.16% |
| Buyback Yield / Dilution | 3.40% | 4.37% | 7.45% | 11.76% | -3.39% | -0.24% |
| Total Shareholder Return | 5.57% | 6.85% | 10.36% | 15.10% | -0.45% | 2.11% |