State Street Corporation

Financials Asset Management & Custody Banks Boston, Massachusetts Last filing Feb 19, 2026 · FY2025

                    Revenue
                    FY2025
                
$11.6B
                    3y CAGR +41.8%
                    
                    P93
                    
                    -2.8%
                    
                    Net income
                    FY2025
                
$2.9B
                    Net margin +25.3%
                    
                    P73
                    
                    +9.6%
                    
                    Total assets
                    FY2025
                
$366.0B
                    ROA +0.8%
                    
                    P11
                    
                    +3.6%
                    
                    Operating cash flow
                    FY2025
                
$11.9B
                    FCF margin +93.1%
                    
                    P89
                    
                    +190.1%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

22 accounts · 5 years

Total assets $366.0B

Total liabilities $338.2B

Shareholders equity $27.8B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$4.4B 41.0%	$3.1B -22.3%	$4.0B 1.9%	$4.0B 9.3%	$3.6B
Accounts Receivable	$621.0M 23.2%	$504.0M -17.5%	$611.0M 51.2%	$404.0M 71.2%	$236.0M
Prepaid Expenses	$837.0M 13.4%	$738.0M 23.4%	$598.0M 7.2%	$558.0M -8.8%	$612.0M
Other Current Assets	$58.5B -9.4%	$64.5B 44.0%	$44.8B 18.2%	$37.9B 0.8%	$37.6B
Property,Plant and Equipment	$3.2B 16.9%	$2.7B 13.2%	$2.4B	$0 -100.0%	$2.3B
Operating Lease Assets	$865.0M 5.7%	$818.0M 1.6%	$805.0M 61.0%	$500.0M -7.7%	$542.0M
Goodwill	$8.2B 6.1%	$7.7B 1.1%	$7.6B 1.5%	$7.5B -1.7%	$7.6B
Intangible Assets	$935.0M -14.1%	$1.1B -17.5%	$1.3B -14.5%	$1.5B -15.0%	$1.8B
Long Term Investments	$3.8B 13.1%	$3.3B 11.3%	$3.0B -8.1%	$3.2B 2.6%	$3.2B
Deferred Tax Assets	$627.0M -10.6%	$701.0M -32.2%	$1.0B -8.3%	$1.1B 343.7%	$254.0M
Other Noncurrent Assets	$58.5B -9.4%	$64.5B 44.0%	$44.8B 18.2%	$37.9B 0.8%	$37.6B
Total Assets	$366.0B 3.6%	$353.2B 18.8%	$297.3B -1.4%	$301.4B -4.2%	$314.6B
Liabilities
Accrued Liabilities	$34.1B 16.6%	$29.2B 3.8%	$28.1B 24.9%	$22.5B 32.1%	$17.0B
Total Current Liabilities	$338.2B 3.1%	$327.9B 19.9%	$273.5B -1.0%	$276.3B -3.8%	$287.3B
Total Liabilities	$338.2B 3.1%	$327.9B 19.9%	$273.5B -1.0%	$276.3B -3.8%	$287.3B
Equity
Common Stock	$504.0M 0.0%	$504.0M 0.0%	$504.0M 0.0%	$504.0M 0.0%	$504.0M
Additional Paid In Capital	$10.7B -0.2%	$10.7B -0.2%	$10.7B 0.1%	$10.7B -0.5%	$10.8B
Retained Earnings	$31.4B 6.1%	$29.6B 5.8%	$28.0B 3.4%	$27.0B 7.1%	$25.2B
Treasury Stock	$17.3B 6.7%	$16.2B 7.8%	$15.0B 32.5%	$11.3B 13.3%	$10.0B
Accumulated Other Comprehensive Income	$-1.0B 50.3%	$-2.1B 10.8%	$-2.4B 36.6%	$-3.7B -227.5%	$-1.1B
Total Stockholders Equity	$27.8B 9.9%	$25.3B 6.4%	$23.8B -5.5%	$25.2B -7.9%	$27.4B
Total Liabilitiesand Equity	$366.0B 3.6%	$353.2B 18.8%	$297.3B -1.4%	$301.4B -4.2%	$314.6B

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $11.6B

Operating income $110.0M

Net income $2.9B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$11.6B -2.8%	$12.0B 30.5%	$9.2B 124.6%	$4.1B 114.3%	$1.9B
Expenses Selling,General and Administrative	$174.0M 22.5%	$142.0M 0.0%	$142.0M 43.4%	$99.0M 35.6%	$73.0M
Expenses Depreciation and Amortization	$223.0M -3.0%	$230.0M -3.8%	$239.0M 0.4%	$238.0M -2.9%	$245.0M
Expenses Restructuring and Asset Impairment	$326.0M 16200.0%	$2.0M -99.0%	$203.0M 160.3%	$78.0M 2700.0%	$-3.0M
Other Income Expense Interest Income	$11.6B -2.8%	$12.0B 30.5%	$9.2B 124.6%	$4.1B 114.3%	$1.9B
Other Income Expense Interest Expense	$3.0M 0.0%	$3.0M -100.0%	$6.4B 315.9%	$1.5B 51366.7%	$3.0M
Other Income Expense Other Income/expense	$4.0M 105.1%	$-79.0M 73.1%	$-294.0M -14600.0%	$-2.0M -101.8%	$110.0M
Other Income Expense Income Before Tax	$3.7B 9.9%	$3.4B 46.6%	$2.3B -30.4%	$3.3B 4.9%	$3.2B
Income Tax Income Tax Expense	$786.0M 11.0%	$708.0M 90.3%	$372.0M -32.7%	$553.0M 15.7%	$478.0M
net Income net Income	$2.9B 9.6%	$2.7B 38.2%	$1.9B -29.9%	$2.8B 3.0%	$2.7B
net Income Comprehensive Income	$4.0B 36.1%	$2.9B -10.9%	$3.3B 1584.2%	$196.0M -85.7%	$1.4B
Earnings Per Share Basic Eps	$10 14.6%	$8 47.4%	$6 -22.4%	$7 -0.3%	$7
Earnings Per Share Diluted Eps	$9 14.5%	$8 47.1%	$6 -22.4%	$7 0.0%	$7
Earnings Per Share Weighted Average Shares Basic	$284.5M -4.5%	$297.9M -7.6%	$322.3M -11.7%	$365.2M 3.6%	$352.6M
Earnings Per Share Weighted Average Shares Diluted	$289.0M -4.4%	$302.2M -7.5%	$326.6M -11.8%	$370.1M 3.4%	$358.0M

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $11.9B

Investing cash flow $-13.0B

Financing cash flow $2.4B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$2.9B 9.6%	$2.7B 38.2%	$1.9B -29.9%	$2.8B 3.0%	$2.7B
Operating Activities Depreciation and Amortization	$223.0M -3.0%	$230.0M -3.8%	$239.0M 0.4%	$238.0M -2.9%	$245.0M
Operating Activities Deferred Income Taxes	$-89.0M -161.4%	$145.0M 178.8%	$-184.0M -196.8%	$-62.0M 61.7%	$-162.0M
Operating Activities Changes In Operating Assets and Liabilities	$-1.2B -257.1%	$743.0M 680.5%	$-128.0M -123.0%	$557.0M 197.0%	$-574.0M
Operating Activities Other Non Cash Items	$-1.2B -257.1%	$743.0M 680.5%	$-128.0M -123.0%	$557.0M 197.0%	$-574.0M
Operating Activities net Cash From Operating Activities	$11.9B 190.1%	$-13.2B -2014.5%	$690.0M -94.2%	$12.0B 278.2%	$-6.7B
Investing Activities Capital Expenditures	$1.1B 13.9%	$926.0M 13.5%	$816.0M 11.2%	$734.0M -9.5%	$811.0M
Investing Activities Business Acquisitions	$286.0M 47.4%	$194.0M 218.0%	$61.0M	$0 -100.0%	$346.0M
Investing Activities Purchases of Investments	$50.2B 13.4%	$44.3B 91.9%	$23.1B 28.1%	$18.0B -66.5%	$53.8B
Investing Activities Proceeds From Sale of Investments	$29.0B 56.8%	$18.5B 17.9%	$15.7B -9.0%	$17.3B -26.5%	$23.5B
Investing Activities Other Investing Activities	$-644.0M -294.0%	$332.0M 383.8%	$-117.0M -129.4%	$-51.0M 78.8%	$-241.0M
Investing Activities net Cash From Investing Activities	$-13.0B 67.1%	$-39.5B -410.0%	$12.7B 86.9%	$6.8B 413.8%	$-2.2B
Financing Activities Proceeds From Debt	$5.7B -12.3%	$6.5B 4.9%	$6.2B 66.7%	$3.7B 177.8%	$1.3B
Financing Activities Repurchase of Common Stock	$1.2B -9.0%	$1.3B -65.1%	$3.8B 152.1%	$1.5B 66.7%	$900.0M
Financing Activities Dividends Paid	$1.1B 8.4%	$1.0B 6.5%	$970.0M -0.2%	$972.0M 12.2%	$866.0M
Financing Activities Other Financing Activities	$-20.0M 0.0%	$-20.0M -135.1%	$57.0M	$0	$0
Financing Activities net Cash From Financing Activities	$2.4B -95.4%	$51.8B 487.9%	$-13.4B 27.6%	$-18.4B -303.7%	$9.0B
Cash Reconciliation Effect of Exchange Rate On Cash	$4.4B 41.0%	$3.1B -22.3%	$4.0B 1.9%	$4.0B 9.3%	$3.6B
Cash Reconciliation net Change In Cash	$1.3B 242.8%	$-902.0M -1271.4%	$77.0M -77.3%	$339.0M 106.7%	$164.0M
Cash Reconciliation Cash At Beginning of Period	$4.4B 41.0%	$3.1B -22.3%	$4.0B 1.9%	$4.0B 9.3%	$3.6B
Cash Reconciliation Cash At End of Period	$4.4B 41.0%	$3.1B -22.3%	$4.0B 1.9%	$4.0B 9.3%	$3.6B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	—	—	—	—	+5.8%
Net margin	+25.3%	+22.4%	+21.2%	+67.9%	+141.1%
FCF margin	+93.1%	-118.0%	-1.4%	+274.5%	-394.2%
Growth
Revenue CAGR (3y)	+41.8%	+84.5%	+52.8%	+1.2%	-19.5%
Returns
ROE	+10.6%	+10.6%	+8.2%	+11.0%	+9.8%
ROA	+0.8%	+0.8%	+0.7%	+0.9%	+0.9%
ROIC	—	—	—	—	—
Liquidity
Current ratio	—	—	—	—	—
Quick ratio	0.01x	0.01x	0.02x	0.02x	0.01x
Leverage
D/E	12.15x	12.95x	11.49x	10.97x	10.50x
Interest coverage	—	—	—	—	36.67x
Efficiency
Asset turnover	0.03x	0.03x	0.03x	0.01x	0.01x
Cash conversion cycle	—	—	—	—	—

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State Street Corporation

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