| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | 1 | — | — | — | — | — | — |
| Sell | 1 | 1 | — | — | 3 | 2 | 2 | 3 | 2 | 3 | 1 | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡ |
|
| 2026 | 3.44 |
—
—
—
—
|
| 2025 | 3.12 |
—
—
—
—
|
| 2024 | 2.14 |
—
—
—
|
| 2023 | 2.64 |
—
—
—
—
|
| 2022 | 2.40 |
—
—
—
—
|
| 2021 | 2.18 |
—
—
—
—
|
| 2020 | 2.08 |
—
—
—
—
|
| 2019 | 1.98 |
—
—
—
—
|
| 2018 | 1.78 |
—
—
—
—
|
| 2017 | 1.60 |
—
—
—
—
|
| 2016 | 1.44 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 99,177.00 | 123,549.00 | 139,002.00 | 159,404.00 |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 139,479.00 | 170,609.00 | 189,986.00 | 216,172.00 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 220,970.00 | 261,920.00 | 274,350.00 | 319,547.00 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 254,620.00 | 304,642.00 | 313,063.00 | 364,409.00 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 5,612.00 | 6,031.00 | — | — |
—
|
| ’25 | 5,492.00 | 5,774.00 | 5,748.00 | 5,614.00 |
22,628.00
|
| ’24 | 5,311.00 | 5,454.00 | 5,617.00 | 5,672.00 |
22,054.00
|
| ’23 | 4,362.00 | 4,651.00 | 4,395.00 | 4,958.00 |
18,366.00
|
| ’22 | 3,093.00 | 3,073.00 | 3,400.00 | 4,126.00 |
13,692.00
|
| ’21 | 2,954.00 | 3,034.00 | 2,990.00 | 3,052.00 |
12,030.00
|
| ’20 | 3,269.00 | 3,052.00 | 2,826.00 | 2,931.00 |
12,078.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (12,143.00) | (2,326.00) | — | — |
—
|
| ’25 | 2,396.00 | (8,441.00) | 7,901.00 | 10,042.00 |
11,898.00
|
| ’24 | (844.00) | (7,644.00) | 2,708.00 | (7,430.00) |
(13,210.00)
|
| ’23 | (2,862.00) | (852.00) | 222.00 | 4,182.00 |
690.00
|
| ’22 | 4,586.00 | (4,135.00) | 4,467.00 | 7,036.00 |
11,954.00
|
| ’21 | (3,732.00) | (7,593.00) | 388.00 | 4,227.00 |
(6,710.00)
|
| ’20 | 4,039.00 | 1,336.00 | (5,219.00) | 3,376.00 |
3,532.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (12,413.00) | (3,001.00) | — | — |
—
|
| ’25 | 2,170.00 | (8,760.00) | 7,658.00 | 9,775.00 |
10,843.00
|
| ’24 | (1,074.00) | (7,857.00) | 2,474.00 | (7,679.00) |
(14,136.00)
|
| ’23 | (3,044.00) | (1,022.00) | 87.00 | 3,853.00 |
(126.00)
|
| ’22 | 4,448.00 | (4,317.00) | 4,257.00 | 6,832.00 |
11,220.00
|
| ’21 | (3,894.00) | (7,790.00) | 191.00 | 3,972.00 |
(7,521.00)
|
| ’20 | 3,925.00 | 1,179.00 | (5,372.00) | 3,240.00 |
2,972.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 2.49 | 3.65 | — | — |
—
|
| ’25 | 2.04 | 2.17 | 2.78 | 2.42 |
9.40
|
| ’24 | 1.37 | 2.15 | 2.26 | 2.46 |
8.21
|
| ’23 | 1.52 | 2.17 | 1.25 | 0.55 |
5.58
|
| ’22 | 1.57 | 1.91 | 1.80 | 1.91 |
7.19
|
| ’21 | 1.37 | 2.07 | 1.96 | 1.78 |
7.19
|
| ’20 | 1.62 | 1.86 | 1.45 | 1.39 |
6.32
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 58.62 | 62.78 | 70.20 | 72.81 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 104.87 | 94.74 | 101.91 | 133.00 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 42,226 | 46,000 | 53,000 | 52,000 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.32 | 0.40 | 0.42 | 0.44 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13,692.00 | 18,366.00 | 22,054.00 | 22,628.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 88.72% | 65.04% | 58.95% | 61.62% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,327.00 | 2,316.00 | 3,395.00 | 3,731.00 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 24.30% | 12.61% | 15.39% | 16.49% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,774.00 | 1,944.00 | 2,687.00 | 2,945.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,156.00 | 882.00 | 605.00 | 554.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 37.49 | 56.98 | 74.04 | 79.52 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡ | 7.28 | 5.65 | 8.33 | 9.55 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 32.73 | 2.14 | (44.35) | 41.81 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.01) | (2.53) | (3.11) | (3.71) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 30.72 | (0.39) | (47.45) | 38.11 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 68.98 | 73.83 | 85.02 | 97.84 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 365.21 | 322.34 | 297.88 | 284.55 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.75 | 13.96 | 11.75 | 13.49 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.09 | 1.36 | 1.33 | 1.62 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.23 | 1.15 | 1.30 | 1.51 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (4.55) | (2.84) | (3.08) | (3.27) | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.55) | 414.06 | 4.81 | (6.83) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11,954.00 | 690.00 | (13,210.00) | 11,898.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (734.00) | (816.00) | (926.00) | (1,055.00) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11,220.00 | (126.00) | (14,136.00) | 10,843.00 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (114,348.00) | (115,141.00) | (134,033.00) | (123,077.00) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20,500.00 | 18,839.00 | 23,272.00 | 25,143.00 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (90,928.00) | (80,338.00) | (100,277.00) | (113,859.00) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 25,191.00 | 23,799.00 | 25,326.00 | 27,841.00 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.86% | 0.61% | 0.76% | 0.76% | — | — | — |
ROA
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00% | 0.00% | 0.00% | 0.00% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.95% | 8.09% | 11.20% | 11.61% | — | — | — |
ROE
|
State Street Corporation (STT) stands out as a resilient giant in asset custody and servicing, with revenue exploding 82% from $10.6 billion in 2016 to $22.1 billion in 2024 (CAGR ~10%), fueled by surging assets under custody, ETF booms, and strategic pivots like its pioneering 2023 crypto custody platform. Despite fee pressures and margin compression—from 96% gross margins in 2016 to 59% now—EPS has climbed 66% to $8.33, with analysts forecasting a 55% surge to $12.88 by 2027 amid cost discipline and aggressive share buybacks (shares down 24%). Trading at discounted multiples (forward PE 11-13x, PB 1.3x), the stock—up over 200% from 2020 lows—offers 13% average upside to targets, with highs implying 28%.
Profitability shines through volatility: EBT jumped 47% to $3.4 billion in 2024, ROE holds at ~11%, and a fortress balance sheet (negative net debt of -$100 billion) weathers cash flow swings from tech investments. Insider sells are routine profit-taking post-earnings beats, not distress signals. Catalysts abound—AUC potentially hitting $50 trillion, tokenization, and ETF inflows—offsetting risks like revenue dips or recessions, priming STT for a re-rating in financial disruption. Dive into the full analysis for the charts, projections, and why this value play could triple again.
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