State Street Corporation (STT) Income Statement
STT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSTT revenue and net income
Where STT's revenue goes
2025Each bar shows an amount and its share of revenue. STT kept 13.0% of revenue as net income.
STT profit margins
STT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.0% | +18.3% | +13.4% | +7.7% |
| Gross profit | +8.1% | +4.7% | +3.7% | +3.0% |
| Operating income | +9.9% | +3.9% | +5.2% | +5.0% |
| Net income | +9.6% | +2.0% | +4.0% | +4.0% |
| EPS (diluted) | +18.6% | +11.6% | +9.1% | +7.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
STT quarterly EPS vs estimates
State Street beat the analyst EPS estimate in 8 of the last 8 quarters.
STT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.63B | $21.97B | $18.37B | $13.67B | $12.03B | $12.07B | $13.13B | $13.12B | $11.87B | $10.63B |
| Cost of revenue | $8.74B | $9.13B | $6.47B | $1.56B | −$30.0M | $463.0M | $1.39B | $1.01B | $606.0M | $438.0M |
| Gross profit | $13.88B | $12.84B | $11.90B | $12.11B | $12.06B | $11.61B | $11.75B | $12.12B | $11.26B | $10.20B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $5.26B | $4.85B | $4.70B | $4.48B | $4.66B | $4.45B | $4.58B | $4.91B | $4.48B | $4.50B |
| Total operating expenses | $10.15B | $9.45B | $9.58B | $8.78B | $8.89B | $8.71B | $9.03B | $9.02B | $8.27B | $8.08B |
| Operating income | $3.73B | $3.40B | $2.32B | $3.33B | $3.17B | $2.90B | $2.71B | $3.10B | $3.00B | $2.12B |
| Interest income | $11.64B | $11.98B | $8.35B | $4.09B | $1.91B | $2.58B | $3.94B | $3.66B | $2.91B | $2.51B |
| Interest expense | $8.68B | $9.05B | $6.42B | $1.54B | $3.0M | $375.0M | $1.38B | $991.0M | $604.0M | $428.0M |
| Income before taxes | $3.73B | $3.40B | $2.32B | $3.33B | $3.17B | $2.90B | $2.71B | $3.10B | $3.00B | $2.12B |
| Income taxes | $786.0M | $708.0M | $372.0M | $553.0M | $478.0M | $479.0M | $470.0M | $508.0M | $839.0M | −$22.0M |
| Net income | $2.94B | $2.69B | $1.94B | $2.77B | $2.69B | $2.42B | $2.24B | $2.59B | $2.16B | $2.14B |
| EBITDA | $4.29B | $4.00B | $3.20B | $4.48B | $4.73B | $4.41B | $4.05B | $4.30B | $4.08B | $3.05B |
| EPS (diluted) | $10.32 | $8.70 | $7.66 | $7.42 | $7.44 | $6.69 | $6.18 | $7.22 | $6.42 | $5.27 |
| Gross margin | 61.4% | 58.5% | 64.8% | 88.6% | 100.2% | 96.2% | 89.5% | 92.3% | 94.9% | 95.9% |
| Operating margin | 16.5% | 15.5% | 12.6% | 24.3% | 26.4% | 24.0% | 20.7% | 23.6% | 25.2% | 19.9% |
| Net margin | 13.0% | 12.2% | 10.6% | 20.3% | 22.4% | 20.1% | 17.1% | 19.8% | 18.2% | 20.2% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.06B | $6.03B | $5.61B | $5.59B | $5.75B | $5.79B | $5.49B | $5.67B | $5.54B | $5.45B | $5.31B | $4.96B |
| Cost of revenue | $2.05B | $1.98B | $1.83B | $1.96B | $2.21B | $2.36B | $2.22B | $2.27B | $2.38B | $2.27B | $2.20B | $1.94B |
| Gross profit | $4.01B | $4.05B | $3.78B | $3.64B | $3.54B | $3.44B | $3.27B | $3.40B | $3.15B | $3.18B | $3.11B | $3.02B |
| Sales, general & admin | $1.35B | $1.35B | $1.40B | $1.54B | $1.21B | $1.22B | $1.29B | $1.26B | $1.18B | $1.13B | $1.28B | $1.12B |
| Total operating expenses | $2.62B | $2.66B | $2.81B | $2.72B | $2.43B | $2.55B | $2.45B | $2.44B | $2.23B | $2.27B | $2.51B | $2.82B |
| Operating income | $1.39B | $1.39B | $969.0M | $918.0M | $1.10B | $889.0M | $822.0M | $960.0M | $925.0M | $912.0M | $598.0M | $201.0M |
| Interest income | — | $2.84B | $2.65B | $2.75B | $2.92B | $3.06B | $2.92B | $3.01B | $3.08B | $3.00B | $2.89B | $2.59B |
| Interest expense | $2.05B | $1.98B | $1.82B | $1.95B | $2.20B | $2.33B | $2.21B | $2.26B | $2.36B | $2.26B | $2.17B | $1.92B |
| Income before taxes | $1.39B | $1.39B | $969.0M | $918.0M | $1.10B | $889.0M | $822.0M | $960.0M | $925.0M | $912.0M | $598.0M | $201.0M |
| Income taxes | $298.0M | $305.0M | $205.0M | $171.0M | $241.0M | $196.0M | $178.0M | $177.0M | $195.0M | $201.0M | $135.0M | −$9.0M |
| Net income | $1.09B | $1.08B | $764.0M | $747.0M | $861.0M | $693.0M | $644.0M | $783.0M | $730.0M | $711.0M | $463.0M | $210.0M |
| EBITDA | $1.39B | $1.59B | $1.19B | $1.11B | $1.26B | $1.01B | $910.0M | $1.08B | $1.07B | $1.07B | $779.0M | $392.0M |
| EPS (diluted) | $3.69 | $3.65 | $2.84 | $2.97 | $2.78 | $2.53 | $2.04 | $2.60 | $2.26 | $2.15 | $1.69 | $2.04 |
| Gross margin | 66.2% | 67.1% | 67.4% | 65.0% | 61.5% | 59.3% | 59.6% | 59.9% | 56.9% | 58.3% | 58.6% | 61.0% |
| Operating margin | 22.9% | 23.0% | 17.3% | 16.4% | 19.2% | 15.3% | 15.0% | 16.9% | 16.7% | 16.7% | 11.3% | 4.1% |
| Net margin | 18.0% | 18.0% | 13.6% | 13.4% | 15.0% | 12.0% | 11.7% | 13.8% | 13.2% | 13.0% | 8.7% | 4.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in STT's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
STT financial results
In fiscal year 2025 (ended December 31, 2025), State Street reported revenue of $22.6 billion, up 3.0% from the year before. It had net income of $2.9 billion (up 9.6%), a net profit margin of 13.0%. Diluted earnings per share came to $10.32. Over five years revenue grew at an average rate of 13.4% a year.
See the STT stock overview for the latest quote and news, or the STT chart for price history and technical indicators.
STT income statement FAQ
What is State Street's annual revenue?
State Street reported total revenue of $22.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.0% from $22.0 billion the previous year.
Is State Street profitable?
Yes. State Street reported net income of $2.9 billion in fiscal 2025, a net profit margin of 13.0%; its operating margin was 16.5%.
What is State Street's gross margin?
State Street's gross margin was 61.4% in fiscal 2025: for every $100 of revenue, State Street kept $61 after the direct cost of its products and services.
How fast is State Street growing?
Revenue grew 13.4% a year on average over the last five fiscal years, from $12.1 billion to $22.6 billion.
What are State Street's earnings per share?
State Street earned $10.32 per diluted share in fiscal 2025, compared with $8.70 a year earlier.
When does State Street's fiscal year end?
State Street's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.