State Street
STT NYSE· Asset Management & Custody Banks
Last close · Oct 27, 2026
$170.89
KIRA · Stoqly’s AI analyst, in plain words
- State Street had $13.9B of revenue in fiscal 2025, up 7.3% on the year before. Over five years, revenue changed +3.6% a year on average.
- State Street made $2.9B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 7.3% a year.
- State Street returned $2.3B to shareholders in fiscal 2025. The diluted share count fell 4.4%.
- It earned 11.1% on shareholders’ money. Running costs took 72.8% of revenue (the efficiency ratio; lower is better).
Market cap
$49.4B
P/E
15.1x
Revenue
$13.9B
Net income
$2.9B
Return on equity
11.1%
Efficiency ratio
72.8%
State Street in 30 seconds · fiscal 2025
Are sales growing?
+7.3%
Yes. Sales grew 7.3% last year.
Does it make a profit?
21.1%
Yes. It keeps 21.1% of every sale as profit.
How lean are its costs?
72.8%
Costly. Running costs take 72.8% of revenue.
How much does it earn on its capital?
11.1%
Fair. It earns 11.1% a year on shareholders’ money.
How is the share priced?
15.1x
One share costs 15.1 times its yearly profit per share. Typical for its sector: 13.7x.
What State Street does
State Street provides financial services to institutional investors such as asset managers, insurance companies, wealth managers, pension plans, central banks and other official institutions. It operates through State Street Bank and Trust Company, a trust or custody bank, which holds and services assets for clients. It operates in more than 100 geographic markets and had approximately 52,000 employees at the end of 2025. It has two lines of business. Investment Servicing handles custody (safekeeping of assets), fund accounting and administration, record keeping, foreign exchange and securities finance, and technology such as State Street Alpha and the Charles River platform. At the end of 2025 it serviced approximately $53.80 trillion of client assets under custody or administration. Investment Management, through State Street Investment Management, runs ETFs, index funds and actively managed funds, and had approximately $5.67 trillion in assets under management.
Biggest risks, in its own words
- Intense competition in all parts of its business, which could hurt its ability to keep or raise profits.
- Costs and risks from developing new products and technology, such as State Street Alpha, wealth servicing, digital assets and AI.
- Fee revenue is a significant majority of its revenue and could fall if clients cut or change their investing.
- Interest rate risk, and credit risk from counterparties that are mostly large financial institutions.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 19, 2026
- Legal name
- STATE STREET CORP
- CIK
- 0000093751
State Street · STT
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $12.0B | $12.1B | $11.9B | $13.0B | $13.9B |
| Revenue growth | 2.8% | 1.0% | −1.7% | 8.8% | 7.3% |
| Net interest income | $1.9B | $2.5B | $2.8B | $2.9B | $3.0B |
| Net income | $2.7B | $2.8B | $1.9B | $2.7B | $2.9B |
| Net margin | 22.4% | 22.8% | 16.3% | 20.7% | 21.1% |
| Diluted EPS | $7.19 | $7.19 | $5.58 | $8.21 | $9.40 |
| Cash | |||||
| Dividends paid | $866M | $972M | $970M | $1.0B | $1.1B |
| Share buybacks | $900M | $1.5B | $3.8B | $1.3B | $1.2B |
| Share count change | 0.2% | 3.4% | −11.8% | −7.5% | −4.4% |
| Debt and strength | |||||
| Loans, net | $32.4B | $32.1B | $36.5B | $43.0B | $46.6B |
| Deposits | $255.0B | $235.5B | $221.0B | $261.9B | $274.4B |
| Shareholders' equity | $27.4B | $25.2B | $23.8B | $25.3B | $27.8B |
| Returns and quality | |||||
| Return on equity | 10.1% | 10.6% | 7.9% | 10.9% | 11.1% |
| Return on tangible equity | 13.5% | 14.2% | 10.8% | 14.7% | 14.6% |
| Efficiency ratio | 73.9% | 72.5% | 80.2% | 73.3% | 72.8% |
Insiders bought, 12 months
$0.3M
1 insider
Insiders sold, 12 months
$23.3M
8 insiders
Of sales under plans
75%
$17.5M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Net income:
- Profit after all expenses, interest and tax.
- Efficiency ratio:
- Noninterest expense as a share of revenue. Lower is better for banks.
- Return on equity:
- Net income as a share of average shareholders' equity.
- Return on tangible equity:
- Net income to common over equity minus goodwill and intangibles.
- Diluted EPS:
- Net income per diluted share.
State Street · STT
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Return on equity and efficiency ratio
Loans and deposits
Dividends and buybacks
Diluted EPS
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Net margin | ROE | P/E | F-score |
|---|---|---|---|---|---|---|
| State Street STT | $49.4B | 7.3% | 21.1% | 11.1% | 15.1x | — |
| Ameriprise Financial AMP | $48.4B | 5.5% | 18.8% | — | 11.9x | — |
| BNY Mellon BNY | $105.8B | 7.9% | 27.6% | 13.0% | 17.2x | — |
| Northern Trust NTRS | $32.7B | −2.5% | 21.5% | 13.5% | — | — |
| Raymond James Financial RJF | $32.7B | 6.6% | 13.4% | 17.7% | 13.8x | — |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $170.89 a share, the company is worth $49.4B: 15.1 times its earnings of the last four quarters.
State Street grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 2 of 3.
Source: SEC EDGAR XBRL filings (CIK 0000093751). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.