State Street Corp - Understand $stt stock

$STT Market Cap: $27.74 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$9.020B

TTM

Gross Margin

Net Earnings

$1.667B

TTM

Current Assets

Current Liabilities

$41.94B

Q2 2024

Current Ratio

Total Assets

$325.6B

Q2 2024

Total Liabilities

$300.8B

Q2 2024

Book Value

$24.76B

Q2 2024

Cash

$2.898B

Q2 2024

P/E

16.64

Oct 16, 2024 EST

Free Cash Flow

-$4.991B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$11.95B	$12.15B	$12.03B	$11.70B	$11.76B	$12.13B	$11.27B	$10.29B	$10.36B	$10.27B	$9.864B	$9.649B	$9.594B	$8.953B
YoY Change	-1.67%	1.01%	2.77%	-0.45%	-3.09%	7.68%	9.47%	-0.67%	0.84%	4.16%	2.23%	0.57%	7.16%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$11.95B	$12.15B	$12.03B	$11.70B	$11.76B	$12.13B	$11.27B	$10.29B	$10.36B	$10.27B	$9.864B	$9.649B	$9.594B	$8.953B
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$1.703B	$1.630B	$1.661B	$1.550B	$1.465B	$1.324B	$1.167B	$1.105B	$1.022B	$976.0M	$935.0M	$844.0M	$776.0M	$713.0M
YoY Change	4.48%	-1.87%	7.16%	5.8%	10.65%	13.45%	5.61%	8.12%	4.71%	4.39%	10.78%	8.76%	8.84%
% of Gross Profit
Depreciation & Amortization	$882.0M	$1.156B	$1.557B	$1.510B	$1.337B	$599.0M	$526.0M	$472.0M	$443.0M	$417.0M	$401.0M	$407.0M	$408.0M	$373.0M	$136.0M	$144.0M	$345.0M	$271.0M	$221.0M	$140.0M	$172.0M	$155.0M	$118.0M	$117.0M	$89.00M	$63.00M	$52.00M
YoY Change	-23.7%	-25.75%	3.11%	12.94%	123.21%	13.88%	11.44%	6.55%	6.24%	3.99%	-1.47%	-0.25%	9.38%	174.26%	-5.56%		27.31%	22.62%	57.86%	-18.6%	10.97%	31.36%	0.85%	31.46%	41.27%	21.15%
% of Gross Profit
Operating Expenses	$1.703B	$1.630B	$1.661B	$1.550B	$1.465B	$1.324B	$1.167B	$1.105B	$1.022B	$976.0M	$935.0M	$844.0M	$776.0M	$713.0M
YoY Change	4.48%	-1.87%	7.16%	5.8%	10.65%	13.45%	5.61%	8.12%	4.71%	4.39%	10.78%	8.76%	8.84%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$6.421B	$1.544B	$3.000M	$375.0M	$1.375B	$991.0M	$604.0M	$428.0M	$400.0M	$392.0M	$411.0M	$476.0M	$613.0M	$763.0M
YoY Change	315.87%	51366.67%	-99.2%	-72.73%	38.75%	64.07%	41.12%	7.0%	2.04%	-4.62%	-13.66%	-22.35%	-19.66%
% of Operating Profit
Other Income/Expense, Net	$1.529B	$1.075B	$896.0M	$965.0M	$1.262B	$1.176B	$929.0M	$963.0M	$1.018B	$751.0M	$547.0M	$591.0M	$459.0M	$374.0M
YoY Change	42.23%	19.98%	-7.15%	-23.53%	7.31%	26.59%	-3.53%	-5.4%	35.55%	37.29%	-7.45%	28.76%	22.73%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$2.316B	$3.327B	$3.171B	$2.899B	$2.712B	$3.101B	$2.995B	$2.204B	$2.298B	$2.437B	$2.666B	$2.766B	$2.536B	$2.086B	$2.525B	$2.842B	$1.903B	$1.771B	$1.432B	$1.192B	$1.112B	$1.555B	$930.0M	$906.0M	$968.0M	$657.0M	$564.0M	$447.0M	$366.0M	$340.0M	$291.0M	$257.0M	$225.0M	$183.0M	$163.0M	$145.0M	$133.0M	$110.0M	$89.00M	$77.00M	$65.00M
YoY Change	-30.39%	4.92%	9.38%	6.9%	-12.54%	3.54%	35.89%	-4.09%	-5.7%	-8.59%	-3.62%	9.07%	21.57%	-17.39%	-11.15%	49.34%	7.45%	23.67%	20.13%	7.19%	-28.49%	67.2%	2.65%	-6.4%	47.34%	16.49%	26.17%	22.13%	7.65%	16.84%	13.23%	14.22%	22.95%	12.27%	12.41%	9.02%	20.91%	23.6%	15.58%	18.46%
Income Tax	$372.0M	$553.0M	$478.0M	$479.0M	$470.0M	$508.0M	$839.0M	$67.00M	$318.0M	$415.0M	$616.0M	$705.0M	$616.0M	$530.0M	$722.0M	$1.031B	$642.0M	$675.0M	$487.0M	$394.0M	$390.0M	$540.0M	$302.0M	$311.0M	$349.0M	$221.0M	$184.0M	$154.0M	$119.0M	$120.0M	$102.0M	$96.00M	$86.00M	$66.00M	$59.00M	$52.00M	$50.00M	$39.00M	$33.00M	$28.00M	$27.00M
% Of Pretax Income	16.06%	16.62%	15.07%	16.52%	17.33%	16.38%	28.01%	3.04%	13.84%	17.03%	23.11%	25.49%	24.29%	25.41%	28.59%	36.28%	33.74%	38.11%	34.01%	33.05%	35.07%	34.73%	32.47%	34.33%	36.05%	33.64%	32.62%	34.45%	32.51%	35.29%	35.05%	37.35%	38.22%	36.07%	36.2%	35.86%	37.59%	35.45%	37.08%	36.36%	41.54%
Net Earnings	$1.821B	$2.660B	$2.693B	$2.420B	$2.242B	$2.593B	$2.156B	$2.138B	$1.980B	$2.022B	$2.050B	$2.061B	$1.920B	$1.556B	-$1.881B	$1.811B	$1.261B	$1.106B	$838.0M	$798.0M	$722.0M	$1.015B	$628.0M	$595.0M	$619.0M	$436.0M	$380.0M	$293.0M	$247.0M	$220.0M	$189.0M	$160.0M	$139.0M	$117.0M	$104.0M	$92.00M	$83.00M	$71.00M	$55.00M	$49.00M	$38.00M
YoY Change	-31.54%	-1.23%	11.28%	7.94%	-13.54%	20.27%	0.84%	7.98%	-2.08%	-1.37%	-0.53%	7.34%	23.39%	-182.72%	-203.87%	43.62%	14.01%	31.98%	5.01%	10.53%	-28.87%	61.62%	5.55%	-3.88%	41.97%	14.74%	29.69%	18.62%	12.27%	16.4%	18.13%	15.11%	18.8%	12.5%	13.04%	10.84%	16.9%	29.09%	12.24%	28.95%
Net Earnings / Revenue	15.24%	21.9%	22.39%	20.68%	19.07%	21.37%	19.14%	20.78%	19.11%	19.68%	20.78%	21.36%	20.01%	17.38%
Basic Earnings Per Share	$5.65	$7.28	$7.30	$6.40	$5.43	$6.46	$5.26	$5.01	$4.53	$4.62	$4.52	$4.25	$3.82	$3.11
Diluted Earnings Per Share	$5.58	$7.187M	$7.19	$6.32	$5.38	$6.39	$5.19	$4.96	$4.47	$4.53	$4.43	$4.20	$3.79	$3.09	-$3.968M	$4.353M	$3.455M	$3.292M	$2.501M	$2.347M	$2.155M	$3.104M	$1.903M	$1.814M	$1.887M	$1.354M	$1.159M	$890.6K	$737.3K	$658.7K	$567.6K	$514.5K	$451.3K	$384.9K	$342.1K	$295.8K	$261.0K	$224.7K	$175.2K	$154.6K	$125.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$2.399B	$2.315B	$2.803B	$2.874B	$3.140B	$2.214B	$2.186B	$2.062B	$1.894B	$1.937B	$1.860B	$1.728B	$1.747B	$1.802B	$1.953B	$2.011B	$1.894B	$1.560B	$1.453B	$1.444B	$1.212B	$887.0M	$829.0M	$726.0M	$732.0M	$700.0M	$500.0M	$468.0M	$468.0M	$476.0M	$445.0M	$413.0M	$319.0M	$213.0M	$176.0M	$159.0M	$148.0M	$131.0M	$72.00M	$59.00M	$57.00M
YoY Change	3.63%	-17.41%	-2.47%	-8.47%	41.82%	1.28%	6.01%	8.87%	-2.22%	4.14%	7.64%	-1.09%	-3.05%	-7.73%	-2.88%	6.18%	21.41%	7.36%	0.62%	19.14%	36.64%	7.0%	14.19%	-0.82%	4.57%	40.0%	6.84%	0.0%	-1.68%	6.97%	7.75%	29.47%	49.77%	21.02%	10.69%	7.43%	12.98%	81.94%	22.03%	3.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$2.981B	$3.245B	$3.162B	$3.095B	$2.899B	$2.882B	$2.259B	$2.363B	$2.034B	$1.798B	$1.644B	$1.405B	$1.060B	$927.0M	$886.0M	$412.0M
YoY Change	-8.14%	2.62%	2.16%	6.76%	0.59%	27.58%	-4.4%	16.18%	13.13%	9.37%	17.01%	32.55%	14.35%	4.63%	115.05%
Other Assets	$1.034B	$1.127B	$254.0M	$233.0M	$216.0M	$113.0M	$113.0M	$210.0M	$182.0M	$214.0M	$263.0M	$353.0M	$395.0M	$1.786B	$3.973B	$0.00
YoY Change	-8.25%	343.7%	9.01%	7.87%	91.15%	0.0%	-46.19%	15.38%	-14.95%	-18.63%	-25.5%	-10.63%	-77.88%	-55.05%
Total Long-Term Assets
YoY Change
Total Assets	$297.3B	$301.5B	$314.6B	$314.7B	$245.6B	$244.6B	$238.4B	$242.7B	$245.2B	$274.1B	$243.3B	$222.6B	$216.8B	$160.5B	$157.9B	$173.6B	$142.5B	$107.4B	$97.97B	$94.04B	$87.53B	$85.79B	$69.85B	$69.30B	$60.90B	$47.08B	$37.98B	$31.52B	$25.79B	$22.55B	$18.72B	$16.49B	$15.05B	$11.65B	$9.983B	$8.372B	$6.955B	$7.190B	$6.653B	$4.744B	$3.988B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$28.12B	$22.53B	$17.05B	$27.50B	$18.40B	$18.99B	$9.724B	$10.90B	$10.51B	$14.07B	$12.94B	$11.83B	$18.02B	$13.27B	$9.281B			$3.143B	$2.632B	$2.603B	$2.424B	$1.967B	$1.582B	$1.431B	$1.133B	$943.0M	$831.0M	$657.0M	$562.0M	$419.0M	$373.0M	$310.0M	$271.0M	$227.0M	$224.0M	$181.0M	$139.0M	$114.0M	$83.00M	$78.00M	$61.00M
YoY Change	24.85%	32.13%	-38.01%	49.49%	-3.11%	95.28%	-10.78%	3.69%	-25.32%	8.81%	9.35%	-34.35%	35.73%	43.02%				19.41%	1.11%	7.38%	23.23%	24.34%	10.55%	26.3%	20.15%	13.48%	26.48%	16.9%	34.13%	12.33%	20.32%	14.39%	19.38%	1.34%	23.76%	30.22%	21.93%	37.35%	6.41%	27.87%
Deferred Revenue
YoY Change
Short-Term Debt	$5.527B	$3.274B	$1.703B	$7.400B	$1.941B	$4.174B	$3.986B	$5.985B	$6.253B	$13.33B	$11.75B	$12.91B	$9.228B	$15.35B	$15.07B	$18.28B	$15.07B	$21.29B	$22.10B	$22.32B	$23.83B	$25.86B	$22.32B	$22.31B	$19.45B	$13.48B	$7.642B	$7.590B	$5.763B	$5.560B	$3.861B	$3.847B	$4.896B	$2.804B	$2.732B	$1.948B	$93.00M	$67.00M	$1.207B	$796.0M	$875.0M
YoY Change	68.81%	92.25%	-76.99%	281.25%	-53.5%	4.72%	-33.4%	-4.29%	-53.08%	13.4%	-8.95%	39.87%	-39.87%	1.81%	-17.53%	21.28%	-29.22%	-3.64%	-0.97%	-6.33%	-7.86%	15.85%	0.07%	14.67%	44.34%	76.35%	0.69%	31.7%	3.65%	44.0%	0.36%	-21.43%	74.61%	2.64%	40.25%	1994.62%	38.81%	-94.45%	51.63%	-9.03%
Long-Term Debt Due			$71.00M	$1.546B	$1.732B		$53.00M	$57.00M					$4.766B	$7.202B	$20.20B	$11.56B	$5.557B	$2.835B	$1.219B	$1.343B	$1.437B	$3.440B	$1.012B	$632.0M	$1.104B	$431.0M	$609.0M	$649.0M	$443.0M
YoY Change			-95.41%	-10.74%			-7.02%						-33.82%	-64.35%	74.82%	107.94%	96.01%	132.57%	-9.23%	-6.54%	-58.23%	239.92%	60.13%	-42.75%	156.15%	-29.23%	-6.16%	46.5%
Total Short-Term Liabilities	$33.65B	$22.53B	$17.12B	$29.05B	$20.13B	$18.99B	$9.777B	$10.96B	$10.51B	$14.07B	$12.94B	$11.83B	$22.78B	$20.48B	$29.48B	$11.96B	$9.949B	$5.978B	$3.851B	$3.946B	$3.861B	$5.407B	$2.594B	$2.063B	$2.237B	$1.374B	$1.440B	$1.306B	$1.005B	$419.0M	$373.0M	$310.0M	$271.0M	$227.0M	$224.0M	$181.0M	$139.0M	$114.0M	$83.00M	$78.00M	$61.00M
YoY Change	49.39%	31.58%	-41.07%	44.31%	6.01%	94.22%	-10.76%	4.23%	-25.32%	8.81%	9.35%	-48.08%	11.27%	-30.55%	146.43%	20.24%	66.43%	55.23%	-2.41%	2.2%	-28.59%	108.44%	25.74%	-7.78%	62.81%	-4.58%	10.26%	29.95%	139.86%	12.33%	20.32%	14.39%	19.38%	1.34%	23.76%	30.22%	21.93%	37.35%	6.41%	27.87%
Long-Term Debt	$18.84B	$15.00B	$13.40B	$12.26B	$10.78B	$11.09B	$11.57B	$11.37B	$11.50B	$10.04B	$9.699B	$7.429B	$8.131B	$8.550B	$8.838B	$4.419B	$3.636B	$2.616B	$2.659B	$2.458B	$2.222B	$1.270B	$1.217B	$1.219B	$921.0M	$922.0M	$774.0M	$476.0M	$127.0M	$128.0M	$129.0M	$146.0M	$147.0M	$112.0M	$115.0M	$123.0M	$125.0M	$136.0M	$70.00M	$82.00M	$82.00M
YoY Change	25.63%	11.88%	9.34%	13.75%	-2.85%	-4.1%	1.71%	-1.08%	14.49%	3.54%	30.56%	-8.63%	-4.9%	-3.26%	100.0%	21.53%	38.99%	-1.62%	8.18%	10.62%	74.96%	4.35%	-0.16%	32.36%	-0.11%	19.12%	62.61%	274.8%	-0.78%	-0.78%	-11.64%	-0.68%	31.25%	-2.61%	-6.5%	-1.6%	-8.09%	94.29%	-14.63%	0.0%
Other Long-Term Liabilities					$6.459B	$5.243B	$5.882B	$6.002B	$4.132B	$6.308B	$6.259B	$5.367B				$13.97B	$6.799B	$4.567B	$3.346B	$4.032B	$4.363B	$3.004B	$1.314B	$2.511B	$1.488B	$1.459B	$1.201B	$823.0M	$598.0M	$449.0M	$168.0M	$139.0M	$98.00M	$110.0M	$96.00M	$81.00M	$1.375B	$994.0M	$136.0M	$42.00M	$46.00M
YoY Change					23.19%	-10.86%	-2.0%	45.26%	-34.5%	0.78%	16.62%					105.5%	48.87%	36.49%	-17.01%	-7.59%	45.24%	128.61%	-47.67%	68.75%	1.99%	21.48%	45.93%	37.63%	33.18%	167.26%	20.86%	41.84%	-10.91%	14.58%	18.52%	-94.11%	38.33%	630.88%	223.81%	-8.7%
Total Long-Term Liabilities	$18.84B	$15.00B	$13.40B	$12.26B	$17.24B	$16.34B	$17.45B	$17.38B	$15.63B	$16.35B	$15.96B	$12.80B	$8.131B	$8.550B	$8.838B	$18.39B	$10.44B	$7.183B	$6.005B	$6.490B	$6.585B	$4.274B	$2.531B	$3.730B	$2.409B	$2.381B	$1.975B	$1.299B	$725.0M	$577.0M	$297.0M	$285.0M	$245.0M	$222.0M	$211.0M	$204.0M	$1.500B	$1.130B	$206.0M	$124.0M	$128.0M
YoY Change	25.63%	11.88%	9.34%	-28.88%	5.51%	-6.38%	0.43%	11.17%	-4.41%	2.46%	24.71%	57.37%	-4.9%	-3.26%	-51.94%	76.24%	45.27%	19.62%	-7.47%	-1.44%	54.07%	68.87%	-32.14%	54.84%	1.18%	20.56%	52.04%	79.17%	25.65%	94.28%	4.21%	16.33%	10.36%	5.21%	3.43%	-86.4%	32.74%	448.54%	66.13%	-3.13%
Total Liabilities	$273.5B	$276.3B	$287.3B	$288.5B	$221.2B	$219.9B	$216.1B	$221.5B	$224.1B	$252.8B	$222.9B	$201.7B	$197.4B	$142.7B	$143.5B	$160.9B	$131.2B	$100.1B	$91.60B	$87.88B	$81.79B	$81.01B	$66.01B	$66.04B	$58.24B	$44.77B	$35.98B	$29.75B	$24.20B	$21.21B	$17.62B	$15.54B	$14.23B	$10.96B	$9.386B	$7.866B	$6.484B	$6.797B	$6.329B	$4.478B	$3.747B
YoY Change	-1.01%	-3.83%	-0.43%	30.44%	0.6%	1.74%	-2.43%	-1.15%	-11.37%	13.4%	10.51%	2.17%	38.34%	-0.51%	-10.82%	22.56%	31.11%	9.28%	4.23%	7.45%	0.96%	22.73%	-0.05%	13.38%	30.09%	24.43%	20.95%	22.94%	14.09%	20.41%	13.37%	9.18%	29.88%	16.73%	19.32%	21.31%	-4.6%	7.39%	41.34%	19.51%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	322.3M shares	365.2M shares	352.6M shares	352.9M shares	369.9M shares	372.0M shares	374.8M shares	391.5M shares	407.9M shares	424.2M shares	446.2M shares	474.5M shares	492.6M shares	495.4M shares
Diluted Shares Outstanding	326.6M shares	370.1M shares	358.0M shares	357.1M shares	373.7M shares	376.5M shares	380.2M shares	396.1M shares	413.6M shares	432.0M shares	455.2M shares	481.1M shares	496.1M shares	497.9M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $27.736 Billion

About State Street Corp

State Street Corp. engages in the provision of financial services to institutional investors. The company is headquartered in Boston, Massachusetts and currently employs 46,451 full-time employees. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors. The company operates through two lines of business: Investment Servicing and Investment Management. Its Investment Servicing, through State Street Investment Services, State Street Global Markets, State Street Alpha, and State Street Digital, provides investment services for clients, including mutual funds, collective investment funds and other investment pools. Its products include back-office products, such as custody, accounting, investor services and others. Its Investment Management line of business, through State Street Global Advisors, provides a range of investment management strategies and products for its clients. The company offers a breadth of services and solutions, including ESG investing, defined contribution products, Global Fiduciary Solutions, and others.

Industry: State Commercial Banks Peers: Blue Owl Capital Inc Ameriprise Financial Inc Ares Management Corp Bank of New York Mellon Corp Blackstone Inc. Franklin Resources Inc KKR & Co Inc Northern Trust Corp T Rowe Price Group Inc