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Stocks / United States / STT · State Commercial Banks · NYSE

State Street Corp. (STT)

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State Street Corp. (STT) reported revenue of $4.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 17.4% on the same quarter a year earlier. Net income was $1.1 billion, up 56.4% on the year, and diluted earnings per share $3.65. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$4.0 billionup 17.4%
Net income$1.1 billionup 56.4%
Diluted EPS$3.65
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE12.2%
Net margin23.0%
Debt to equity0.55
Share count, 1 year-3.8%
Sales CAGR, 3 years4.7%
Profit CAGR, 3 years2.0%
EPS, TTM$11.33

At the close of 21 September 2026

Price$184.40
Market cap$50.7 billion
Stock P/E16.28
Price to book1.79
EV / EBITDAn/a
Dividend yield1.7%
Market cap / sales3.36
52-week high$194.26
52-week low$111.00
Price, 1 year62.5%
Price CAGR, 3 years39.6%
Price CAGR, 5 years17.3%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as State Street Corp. files it, at the balance sheet of 31 December 2015, the latest that carries it, with lease liabilities counted separately and never inside it. State Street Corp. files on the bank format, which does not report a return on capital employed, an operating margin or interest cover, so those are left out here rather than shown as a blank. Free cash flow margin and cash conversion are left out too, by our choice: a bank's operating cash flow moves with its lending and deposits, so neither ratio means for a bank what it means for an operating company. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on STT

Filings22 in twelve months: 14 current reports (8-K), about 5 other events; 5 regulation fd disclosure; 4 results of operations; 3 officer or director change; 1 change to security holders' rights
Planned insider sales21 Form 144 notices in twelve months, $21.5 million; latest 31 August 2026
Options tapeput/call 0.78 by open interest on 23 September 2026; the straddle prices a 7.2% move to 16 October 2026
Holders10 of the followed funds hold it; largest FMR LLC; 4 Schedule 13D or 13G filings in twelve months
Insider trading16 sales and 1 purchase on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest4.7 million shares short, 3.52 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,6913,0433,1383,1913,2593,4123,2843,4483,5453,6673,7964,048
Interest expense1,7041,9152,173n/an/an/an/an/an/an/an/an/a
Pre-tax income5112015989129259608228891,1029189691,389
Tax rate17%-4%23%22%21%18%22%22%22%19%21%22%
Net income4222104637117307836446938617477641,084
Net margin16%7%15%22%22%23%20%20%24%20%20%27%
Diluted EPS$1.25$0.64$1.37$2.15$2.26$2.43$2.04$2.17$2.78$2.41$2.49$3.65
Operating cash flow2224,182-844-7,6442,708-7,4302,396-8,4417,90110,042-12,143-2,326
Capital expenditure135329230213234249226319243267270675
Free cash flow87.03,853-1,074-7,8572,474-7,6792,170-8,7607,6589,775-12,413-3,001
Buybacks1,000481119200450550100300400400400400
Dividends paid227251243263249278266283275296293291
Shares outstanding309m302m302m299m294m289m289m286m282m279m277m275m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015FY2016FY2017 FY2018 FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue10,27410,36010,20711,26612,13111,75611,70312,02712,14811,94513,00013,94415,056
Interest expense3924004286049911,3753753.01,5446,421n/an/an/a
Pre-tax income2,4372,2982,1202,9953,1012,7122,8993,1713,3272,3163,3953,7314,378
Income tax415318-22.0839508470479478553372708786922
Effective tax rate17.0%13.8%-1.0%28.0%16.4%17.3%16.5%15.1%16.6%16.1%20.9%21.1%21.1%
Net income2,0221,9802,1432,1562,5932,2422,4202,6932,7741,9442,6872,9453,456
Net margin19.7%19.1%21.0%19.1%21.4%19.1%20.7%22.4%22.8%16.3%20.7%21.1%23.0%
Diluted EPS$4.57$4.47$4.97$5.24$6.40$5.38$6.32$7.19$7.19$5.58$8.21$9.40$11.33
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015FY2016FY2017 FY2018 FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-561-1,4032,2906,93310,1755,6903,532-6,71011,954690-13,21011,8983,474
Capital expenditure4277036136376097305608117348169261,0551,455
Free cash flow-988-2,1061,6776,2969,5664,9602,972-7,52111,220-126-14,13610,8432,019
Free cash flow margin-9.6%-20.3%16.4%55.9%78.9%42.2%25.4%-62.5%92.4%-1.1%-108.7%77.8%13.4%
Depreciation and amortisation639640679740825n/an/an/an/an/an/an/an/a
Share-based compensation329319268243262n/an/an/an/an/an/an/an/a
Buybacks1,6501,5201,3651,2923501,5855159001,5003,7811,3191,2001,600
Dividends paid5396557237688289308898669729701,0331,1201,155
Dividend per share$1.16$1.32$1.44$1.60$1.78$1.98$2.08$2.18$2.40$2.64$2.90$3.20n/a
Diluted shares, weighted432m414m396m380m376m374m357m358m370m327m302m289m281m
Shares outstanding at period endn/an/an/a368m380m357m353m366m349m302m289m279m275m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015FY2016FY2017 FY2018 FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Total assets274,119245,192242,698238,425244,626245,610314,706314,624301,450297,258353,240366,047418,381
Cash and equivalentsn/an/a1,2042,0043,2123,3023,4673,6313,9704,0473,1454,4334,290
Goodwill5,8265,6715,8146,0227,4467,5567,6837,6217,4957,6117,6918,1598,106
Long-term debt10,04211,534n/an/an/an/an/an/an/an/an/an/an/a
Long-term debt including finance leases769n/an/an/an/an/an/an/an/an/an/an/an/a
Shareholders' equity21,32821,10321,21922,27024,73724,43126,20027,36325,19123,79925,32627,84128,268
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded3.0%3.6%4.7%12.3%
Profit growth, compounded4.0%4.0%2.0%21.3%
Return on equity, average9.9%10.0%9.8%10.6%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: State Commercial Banks

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Bank of New York Mellon Corp. BNY$104.4 billion17.9414.1%n/a-4.6%0.681.3%
State Street Corp. STT$50.7 billion16.2812.2%n/a12.3%0.551.7%
Fifth Third Bancorp FITB$48.3 billion18.266.8%n/a49.0%0.512.9%
M&T Bank Corp. MTB$32.8 billion12.0110.9%n/a6.4%0.492.5%
Northern Trust Corp. NTRS$32.7 billion15.2916.7%n/a8.2%n/a1.7%
Citizens Financial Group Inc/Ri CFG$28.5 billion14.648.1%n/a11.0%0.582.6%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202413 February 2025EDGAR

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