STATE STREET CORPSTT
STATE STREET CORP Financial Overview 2021–2025
Updated Jul 10, 2026State Street ended FY2025 overseeing a massive $53.80 trillion in Assets Under Custody and Administration, jumping 16% year-over-year. This immense asset base supports the core investment thesis for the stock: the company operates as an indispensable infrastructure layer for global financial markets, reliably translating raw client inflows and market appreciation into compounding fee revenue and shareholder capital returns.
Looking across the company's recent history, total revenue grew from $12.03 billion in FY2021 to $13.94 billion in FY2025. Over this same window, Assets Under Management expanded from $4.14 trillion to $5.67 trillion. While an FDIC special assessment and portfolio repositioning charges temporarily compressed earnings to $5.58 per share in FY2023, profitability quickly recovered. By FY2025, diluted earnings per share hit $9.40, underpinned by a 26.8% pre-tax margin and an 8% expansion in total fee revenue to $10.98 billion. State Street consistently funnels this cash generation back to its investors, distributing $2.1 billion via share repurchases and dividends in FY2025. The market recognized this operational recovery at the close of FY2025, valuing the stock at $129.01, which represented a 13.7x price-to-earnings multiple.
Recent Developments (Q4 2025 and Q1 2026)
State Street accelerated its growth in Q1 2026. The company generated $3.80 billion in total revenue, a 16% year-over-year increase. A 17% rise in net interest income and a 15% increase in fee revenue drove this result. Diluted earnings climbed 22% to $2.49 per share. Return on average common equity reached 11.6%. The company also updated its leadership by appointing C. Jack Read as Chief Accounting Officer and issued $1.5 billion in senior notes in April 2026.
Bulls will point to the revenue growth and $633 million distributed to shareholders during the quarter. Bears will note that total expenses increased 15%, impacted by $130 million in repositioning and client rescoping charges. At 18.4x earnings as of April 29, 2026, the stock trades at a premium to its prior-year valuation.
What to watch: expense impacts from ongoing client rescoping; net interest income trends.
Rev
$13.94B
FY2025
NI
$2.95B
FY2025
EPS$STT
$9.55
FY2025
OCF
$11.90B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All STT Financial Metrics(45)
Income Statement
Balance Sheet
Cash Flow
Recent SEC Filings
STATE STREET CORP 8-K Report, Corporate Update (Aug 12, 2026)
State Street Corporation (STT) announced on August 12, 2026, the successful completion of a public offering of 500,000 depositary shares. Each depositary share represents a 1/100th ownership interest in the company's newly established Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L. This preferred stock has a liquidation preference of $100,000 per share, making each depositary share equivalent to $1,000. The offering, conducted under a registration statement on Form S-3, is expected to generate approximately $495.7 million in net proceeds for State Street after accounting for underwriting discounts and estimated offering expenses. This capital infusion provides State Street with additional financial flexibility and strengthens its capital base.
STATE STREET CORP 8-K Report, Rights Modification (Aug 7, 2026)
State Street Corporation (STT) has filed an 8-K detailing the creation and public offering of new preferred stock. Specifically, the company amended its Articles of Organization to establish the terms of its Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series L. This newly created preferred stock will be offered to the public through depositary shares, with each depositary share representing a 1/100th ownership interest in a share of the Series L Preferred Stock. The offering involves 500,000 depositary shares, priced at $1,000 per share, with State Street expecting to raise approximately $495.7 million in net proceeds after deducting underwriting discounts and expenses. This strategic move indicates a focus on strengthening the company's capital structure or funding specific initiatives through equity issuance. Investors should note the perpetual nature of the preferred stock and its fixed rate reset feature, which will impact future dividend payments.
STATE STREET CORP 8-K Report, Corporate Update (Jul 23, 2026)
State Street Corporation, through its wholly-owned subsidiary State Street Bank and Trust Company, has successfully issued $1.25 billion in senior notes. The offering consists of $750 million in 4.701% Senior Notes due 2029 and $500 million in 5.217% Senior Notes due 2034. These notes were issued under an exemption from registration pursuant to Section 3(a)(2) of the Securities Act of 1933. The net proceeds expected from this issuance are approximately $1.244 billion, after accounting for discounts and expenses.
STATE STREET CORP 8-K Report, Financial Results (Jul 16, 2026)
State Street Corporation (STT) has filed an 8-K report on July 16, 2026, to announce its second-quarter 2026 financial results. The report primarily references furnished exhibits, including a news release (Exhibit 99.1), a financial information addendum (Exhibit 99.2), and a slide presentation (Exhibit 99.3) made available in connection with an investor conference call on the same date. These documents contain the detailed operational and financial highlights for the quarter ended June 30, 2026. Investors should refer to these furnished exhibits for a comprehensive understanding of State Street's performance during the second quarter.
STATE STREET CORP 8-K Report, Shareholder Vote Results (May 26, 2026)
State Street Corporation (STT) held its Annual Meeting of Shareholders on May 20, 2026. The meeting saw strong participation, with approximately 86.98% of outstanding shares represented. Key outcomes include the overwhelming re-election of all thirteen director nominees and the approval of the advisory proposal on executive compensation, with over 93% of votes cast in favor. Additionally, shareholders ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year 2026.
View all 8-K filings →