State Street (STT) FY2024 results: revenue $13.0 billion, up 8.8% on the year
State Street Corp. (STT) reported revenue of $13.0 billion for fiscal 2024, the year ended 31 December 2024, up 8.8% on the year before. Net income was $2.7 billion, up 38.2%, and diluted earnings per share $8.21. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$13.0 billion
+8.8% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$2.7 billion
+38.2% on the year
FY2017FY2024
Diluted EPS
$8.21
+47.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
-13,210
690
11,954
Capital expenditure
926
816
734
+13.5%
Free cash flow
-14,136
-126
11,220
Cash from investing
-39,483
12,738
6,816
Cash from financing
51,791
-13,351
-18,431
Buybacks
1,319
3,781
1,500
-65.1%
Dividends paid
1,033
970
972
+6.5%
Dividend per share
$2.90
$2.64
$2.40
+9.8%
Diluted shares, weighted
302m
327m
370m
-7.5%
Shares outstanding at period end
289m
302m
349m
-4.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
25,326
23,799
25,191
+6.4%
Deposits
261,920
220,970
235,464
+18.5%
Debt
36,793
24,366
18,270
+51.0%
Other liabilities
29,201
28,123
22,525
+3.8%
Total liabilities and equity
353,240
297,258
301,450
+18.8%
Fixed assets
n/a
2,399
2,315
Goodwill
7,691
7,611
7,495
+1.1%
Intangible assets
1,089
1,320
1,544
-17.5%
Securities held for sale or to maturity
106,622
101,643
105,279
+4.9%
Loans
43,026
36,496
32,053
+17.9%
Trading assets
768
773
650
-0.6%
Cash and equivalents
3,145
4,047
3,970
-22.3%
Other assets
190,899
142,969
148,144
+33.5%
Total assets
353,240
297,258
301,450
+18.8%
10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.