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

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

22 accounts · 10 years

Total assets $366.0B

Total liabilities $338.2B

Shareholders equity $27.8B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	—	—	—	—	—	—	—	—	—	—
Accounts Receivable	-3.9%	-6.8%	-5.2%	-12.3%	-23.2%	-19.1%	-21.3%	-37.8%	-60.7%	—
Prepaid Expenses	+10.8%	+10.5%	+8.7%	+9.0%	+12.9%	+3.6%	+5.9%	+21.7%	+9.3%	—
Other Current Assets	+4.8%	+6.7%	+2.3%	-0.2%	-0.4%	-1.2%	-3.9%	-5.2%	-19.1%	—
Property,Plant and Equipment	+4.9%	+3.5%	+2.2%	—	+1.9%	+1.1%	+3.4%	+3.6%	+6.0%	—
Operating Lease Assets	—	—	—	—	—	—	—	—	—	—
Goodwill	+3.8%	+3.6%	+3.9%	+4.3%	+5.6%	+7.2%	+9.1%	+13.2%	+3.6%	—
Intangible Assets	-6.7%	-5.8%	-3.9%	-2.1%	+0.7%	+1.1%	+5.1%	+16.3%	-7.8%	—
Long Term Investments	+5.3%	+4.3%	+3.4%	+5.4%	+6.0%	+7.0%	+7.1%	+11.0%	-4.4%	—
Deferred Tax Assets	-8.9%	-8.7%	-4.7%	-4.1%	-29.4%	-36.6%	-46.9%	-72.0%	-92.2%	—
Other Noncurrent Assets	+4.8%	+6.7%	+2.3%	-0.2%	-0.4%	-1.2%	-3.9%	-5.2%	-19.1%	—
Total Assets	+4.7%	+4.8%	+2.9%	+3.7%	+5.3%	+6.7%	+0.4%	+0.4%	-1.8%	—
Liabilities
Accrued Liabilities	+8.1%	+7.1%	+7.5%	+4.9%	+0.2%	+12.9%	+13.7%	+19.7%	-7.7%	—
Total Current Liabilities	+4.8%	+5.0%	+3.1%	+3.8%	+5.3%	+6.8%	-0.0%	-0.4%	-2.4%	—
Total Liabilities	+4.8%	+5.0%	+3.1%	+3.8%	+5.3%	+6.8%	-0.0%	-0.4%	-2.4%	—
Equity
Common Stock	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	—
Additional Paid In Capital	+1.0%	+1.2%	+1.3%	+1.6%	+2.0%	+1.1%	+1.2%	+1.4%	+0.2%	—
Retained Earnings	+6.7%	+6.8%	+7.0%	+7.6%	+7.6%	+7.6%	+7.9%	+8.6%	+8.0%	—
Treasury Stock	+9.4%	+9.8%	+10.1%	+6.7%	+5.4%	+8.4%	+9.9%	+6.5%	+17.5%	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Total Stockholders Equity	+3.1%	+2.2%	+1.7%	+2.9%	+5.2%	+5.4%	+4.8%	+8.0%	+5.0%	—
Total Liabilitiesand Equity	+4.7%	+4.8%	+2.9%	+3.7%	+5.3%	+6.7%	+0.4%	+0.4%	-1.8%	—

Income Statement

Revenue, expense, and profitability

15 accounts · 10 years

Revenue $11.6B

Operating income $110.0M

Net income $2.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	+18.6%	+21.6%	+20.3%	+8.5%	-5.4%	+0.6%	+16.2%	+20.7%	+15.8%	—
Expenses Selling,General and Administrative	+14.4%	+13.4%	+15.4%	+11.3%	+7.0%	+10.3%	+29.9%	+48.7%	+28.8%	—
Expenses Depreciation and Amortization	+0.8%	+1.3%	+2.1%	+2.4%	+3.4%	+3.1%	+4.5%	+4.5%	+3.4%	—
Expenses Restructuring and Asset Impairment	+9.7%	-41.3%	+5.2%	-9.5%	—	-1.6%	-8.2%	+45.4%	+72.5%	—
Other Income Expense Interest Income	+18.6%	+21.6%	+20.3%	+8.5%	-5.4%	+0.6%	+16.2%	+20.7%	+15.8%	—
Other Income Expense Interest Expense	-42.4%	-46.2%	+47.2%	+23.8%	-62.9%	-3.3%	+47.6%	+52.2%	+41.1%	—
Other Income Expense Other Income/expense	—	—	—	—	—	—	—	—	—	—
Other Income Expense Income Before Tax	+6.5%	+6.1%	+1.3%	+7.8%	+8.4%	+8.1%	+8.6%	+20.9%	+41.3%	—
Income Tax Income Tax Expense	—	—	—	—	—	—	—	—	—	—
net Income net Income	+3.6%	+2.9%	-1.4%	+4.4%	+4.7%	+3.1%	+1.5%	+10.0%	+0.6%	—
net Income Comprehensive Income	+11.2%	+8.4%	+11.5%	-29.1%	-2.3%	+22.5%	+22.0%	+20.6%	+106.3%	—
Earnings Per Share Basic Eps	+7.4%	+6.5%	+1.7%	+6.4%	+7.7%	+6.2%	+2.6%	+13.3%	+4.6%	—
Earnings Per Share Diluted Eps	+7.3%	+6.5%	+1.7%	+6.3%	+7.7%	+6.2%	+2.7%	+13.4%	+4.4%	—
Earnings Per Share Weighted Average Shares Basic	-3.5%	-3.4%	-2.7%	-1.2%	-2.1%	-2.6%	-1.9%	-2.5%	-4.3%	—
Earnings Per Share Weighted Average Shares Diluted	-3.4%	-3.3%	-2.7%	-1.1%	-2.0%	-2.6%	-1.9%	-2.5%	-4.0%	—

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 10 years

Operating cash flow $11.9B

Investing cash flow $-13.0B

Financing cash flow $2.4B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	+3.6%	+2.9%	-1.4%	+4.4%	+4.7%	+3.1%	+1.5%	+10.0%	+0.6%	—
Operating Activities Depreciation and Amortization	-8.0%	-8.6%	-9.3%	-10.8%	-12.3%	-16.1%	-20.6%	+12.7%	+11.4%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—	—	—	—	—	—
Operating Activities Other Non Cash Items	—	—	—	—	—	—	—	—	—	—
Operating Activities net Cash From Operating Activities	+20.1%	—	-15.7%	+31.7%	—	+11.4%	+35.4%	+110.8%	+203.1%	—
Investing Activities Capital Expenditures	+6.2%	+5.3%	+4.2%	+3.0%	+5.8%	-2.2%	+6.0%	-0.3%	+3.9%	—
Investing Activities Business Acquisitions	-4.6%	-9.7%	-24.5%	—	-4.6%	—	-50.2%	+143.7%	—	—
Investing Activities Purchases of Investments	+5.8%	+4.9%	-3.7%	-8.2%	+12.2%	+5.9%	+8.2%	+2.7%	+15.5%	—
Investing Activities Proceeds From Sale of Investments	+40.1%	+38.1%	+41.2%	+52.0%	+75.7%	+102.7%	+144.2%	+223.3%	+787.9%	—
Investing Activities Other Investing Activities	—	—	—	—	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	+17.1%	+8.3%	—	—	—	—	-98.9%	—
Financing Activities Proceeds From Debt	+16.1%	+20.2%	+22.6%	+16.5%	-2.1%	+13.6%	+0.1%	-18.3%	-49.9%	—
Financing Activities Repurchase of Common Stock	-1.4%	-0.4%	+15.7%	+1.6%	-8.0%	-21.6%	+5.1%	-49.4%	-5.3%	—
Financing Activities Dividends Paid	+5.0%	+4.6%	+4.3%	+5.1%	+3.7%	+5.3%	+8.8%	+7.0%	+6.2%	—
Financing Activities Other Financing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	+31.8%	—	-4.6%	+21.2%	+8.9%	+11.4%	-5.6%	+236.0%	+647.7%	—
Cash Reconciliation Cash At Beginning of Period	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation Cash At End of Period	—	—	—	—	—	—	—	—	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	+5.8%	+0.2%	+1.1%	+0.2%	—	—
Net margin	+25.3%	+22.4%	+21.2%	+67.9%	+141.1%	+94.0%	+56.9%	+70.8%	+74.1%	+85.3%
FCF margin	+93.1%	-118.0%	-1.4%	+274.5%	-394.2%	+115.4%	+125.9%	+261.2%	+216.7%	+66.8%
Growth
Revenue CAGR (3y)	+41.8%	+84.5%	+52.8%	+1.2%	-19.5%	-4.0%	+16.2%	-29.3%	-34.3%	-36.6%
Returns
ROE	+10.6%	+10.6%	+8.2%	+11.0%	+9.8%	+9.2%	+9.2%	+10.5%	+9.7%	+10.1%
ROA	+0.8%	+0.8%	+0.7%	+0.9%	+0.9%	+0.8%	+0.9%	+1.1%	+0.9%	+0.9%
ROIC	—	—	—	—	—	—	—	—	—	—
Liquidity
Current ratio	—	—	—	—	—	—	—	—	—	—
Quick ratio	0.01x	0.01x	0.02x	0.02x	0.01x	0.01x	0.02x	0.02x	0.01x	—
Leverage
D/E	12.15x	12.95x	11.49x	10.97x	10.50x	11.01x	9.05x	8.89x	9.70x	10.44x
Interest coverage	—	—	—	—	36.67x	0.01x	0.03x	0.01x	—	—
Efficiency
Asset turnover	0.03x	0.03x	0.03x	0.01x	0.01x	0.01x	0.02x	0.01x	0.01x	0.01x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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State Street Corporation

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