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
$13.00B
FY2024
NI
$2.69B
FY2024
EPS$STT
$8.33
FY2024
OCF
$-13.21B
FY2024
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
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.
STATE STREET CORP 8-K Report, Corporate Update (Apr 24, 2026)
State Street Corporation (STT) announced on April 24, 2026, the successful completion of a public offering of $1.5 billion in aggregate principal amount of senior notes. This offering includes $800 million of Fixed-to-Floating Rate Senior Notes due 2032 and $700 million of Fixed-to-Floating Rate Senior Notes due 2037. The company expects to receive net proceeds of approximately $1.492 billion from this issuance, after accounting for underwriting discounts and offering expenses. This debt issuance is a strategic move by State Street to bolster its capital structure and potentially fund future operations or investments. The fixed-to-floating rate feature suggests a strategy to manage interest rate risk, initially benefiting from fixed rates and later adjusting to market conditions. Investors should monitor how these proceeds are deployed and their impact on State Street's financial leverage and profitability.
STATE STREET CORP 8-K Report, Financial Results (Apr 17, 2026)
State Street Corporation (STT) has filed an 8-K report on April 17, 2026, to announce its first-quarter 2026 financial results. The filing primarily includes furnished documents such as the earnings press release, a financial information addendum, and a slide presentation for an investor conference call. These documents provide key operational and financial highlights for the quarter ending March 31, 2026. Investors should refer to Exhibits 99.1, 99.2, and 99.3, which are incorporated by reference, for detailed insights into State Street's performance. These exhibits will contain the specific metrics, financial conditions, and forward-looking statements discussed by management during the investor call, offering a comprehensive view of the company's recent performance and strategic positioning.
STATE STREET CORP 8-K Report, Executive Changes (Mar 31, 2026)
State Street Corporation (STT) has announced a significant leadership change in its accounting department through an 8-K filing dated March 31, 2026. C. Jack Read has been appointed as the new Executive Vice President, Global Controller, and Chief Accounting Officer, effective August 10, 2026. He will succeed Elizabeth M. Schaefer in this critical role overseeing the company's financial reporting and controls. Mr. Read brings a wealth of experience from prominent financial institutions, including MSCI Inc., Citizens Financial Group, MUFG Americas, and JPMorgan Chase, with a strong background in accounting, financial operations, and risk management. His compensation package includes a base salary of $450,000, a target incentive compensation of $2,100,000 for 2026, and substantial transition payments totaling $2,430,000 ($1,730,000 in deferred stock and $700,000 in cash) to offset forfeited compensation from his previous employer and facilitate his transition to State Street.
STATE STREET CORP 8-K Report, Executive Changes (Mar 23, 2026)
State Street Corporation (STT) announced a significant addition to its Board of Directors with the election of Susan Gordon as an independent director, effective March 19, 2026. Ms. Gordon's appointment is accompanied by her membership on two key board committees: the Examining and Audit Committee and the Technology and Operations Committee. This move signals a focus on strengthening governance and oversight in critical areas for the company. Investors should note that Ms. Gordon's compensation will be prorated based on her election date and will align with the company's existing director compensation structure, including annual cash and stock retainers. Her appointment does not appear to be based on any specific arrangements with other parties, suggesting a standard selection process. The inclusion of a new, independent director with committee assignments is generally viewed positively as it can enhance board expertise and responsiveness to evolving business needs, particularly in audit and technology.
View all 8-K filings →