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State Street Corporation

STT Financial Asset Management

State Street Corporation’s revenue for fiscal 2025 (year ended December 2025) was $22.6 billion, up 2.60% from fiscal 2024. In the quarter to September 2026, revenue grew 5.36%, EPS grew 40.5%, free cash flow grew 65.7% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for three; insiders bought in the last twelve months.

165.72 1.88 −1.12%
Market cap
$46.0B
P/E
13.1×
Fwd P/E
13.4×
Dividend yield
2.08%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 0.31
Total sells 20.92
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — 1 — — — — — — —
Sell 1 — — 3 2 2 3 2 3 1 — —
Insider Ownership 0.25%

Capital & Financial Ratios $m

Market Cap 46,040.00
Revenue 23,313.00
Net Income 3,456.00
Free Cash Flow 2,019.00
Net Debt (107,990.00)
Current Ratio 0.57
Debt/Equity 0.93
P/E ratio 13.07
Fwd P/E 13.40
P/S ratio 1.95
P/B ratio 1.96
Past 5Y EPS Growth 8.26%
This Y EPS Growth 33.47% (at or above 15%: strong)
Next Y EPS Growth 12.30%
Next Y revenue growth (29.38%) (below 0%: weak)
Next 5Y EPS Growth 19.47% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 51.57%
10-year low 10-year high
P/S against its own 10 years 44.27%
10-year low 10-year high
P/B against its own 10 years 95.28%
10-year low 10-year high

Dividends

Payout Ratio 0.28
Annual Dividend Rate 3.44
Annual Dividend Yield 2.08%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 3.44
0.84
0.84
0.84
0.92
2025 3.12
0.76
0.76
0.76
0.84
2024 2.14
0.69
0.69
0.76
2023 2.64
0.63
0.63
0.69
0.69
2022 2.40
0.57
0.57
0.63
0.63
2021 2.18
0.52
0.52
0.57
0.57
2020 2.08
0.52
0.52
0.52
0.52
2019 1.98
0.47
0.47
0.52
0.52
2018 1.78
0.42
0.42
0.47
0.47
2017 1.60
0.38
0.38
0.42
0.42
2016 1.44
0.34
0.34
0.38
0.38
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 99,177 123,549 139,002 132,836
Receivables — — — —
Inventory — — — —
Other — — — —
139,479 170,609 189,986 181,625
2023 2024 2025 Q'26
Payables 220,970 261,920 274,350 272,056
ST’ Debt — — — —
Other — — — —
254,620 304,642 313,063 321,155

Compound Annual Growth %

10y 5y 3y
Sales 7.72% 13.38% 18.23%
Cash Flow 0.00% 27.49% (0.16%)
Earnings 3.93% 3.78% 0.71%
Book Value 2.79% 1.22% 3.39%

Revenue $m

Mar Jun Sep Dec Year
’26 5,612 6,031 6,056 — —
’25 5,492 5,774 5,748 5,614 22,628
’24 5,311 5,454 5,617 5,672 22,054
’23 4,362 4,651 4,395 4,958 18,366
’22 3,093 3,073 3,400 4,126 13,692
’21 2,954 3,034 2,990 3,052 12,030
’20 3,269 3,052 2,826 2,931 12,078
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (12,143) (2,326) — — —
’25 2,396 (8,441) 7,901 10,042 11,898
’24 (844) (7,644) 2,708 (7,430) (13,210)
’23 (2,862) (852) 222 4,182 690
’22 4,586 (4,135) 4,467 7,036 11,954
’21 (3,732) (7,593) 388 4,227 (6,710)
’20 4,039 1,336 (5,219) 3,376 3,532
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (12,413) (3,001) — — —
’25 2,170 (8,760) 7,658 9,775 10,843
’24 (1,074) (7,857) 2,474 (7,679) (14,136)
’23 (3,044) (1,022) 87 3,853 (126)
’22 4,448 (4,317) 4,257 6,832 11,220
’21 (3,894) (7,790) 191 3,972 (7,521)
’20 3,925 1,179 (5,372) 3,240 2,972
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 2.49 3.65 3.90 — —
’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
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 50.60 74.45 57.87 48.62 42.10 69.02 58.62 62.78 70.20 72.81

Analyst estimates 2026–2028

Powerpack
High 81.91 100.90 114.27 81.23 85.89 100.69 104.87 94.74 101.91 133.00
People
People Employees 33,783 36,643 40,142 39,103 39,439 38,784 42,226 46,000 53,000 52,000
Revenue/emp, $m 0.31 0.32 0.33 0.34 0.31 0.31 0.32 0.40 0.42 0.44
Income, $m
Income, $m Revenue 10,635 11,870 13,122 13,131 12,078 12,030 13,692 18,366 22,054 22,628
Gross margin, % 95.98 94.91 92.45 89.53 96.90 99.98 88.72 65.04 58.95 61.62
EBT 2,120 2,995 3,101 2,712 2,899 3,171 3,327 2,316 3,395 3,731
EBT margin, % 19.93 25.23 23.63 20.65 24.00 26.36 24.30 12.61 15.39 16.49
Net income 2,143 2,156 2,593 2,242 2,420 2,693 2,774 1,944 2,687 2,945
Depreciation 929 1,085 1,203 1,337 1,510 1,557 1,156 882 605 554
Per share, $
Per share, $ Revenue 27.17 31.67 35.28 35.50 34.23 34.12 37.49 56.98 74.04 79.52
Earnings 5.03 5.32 6.48 5.81 6.40 7.30 7.28 5.65 8.33 9.55
Cash flow 5.85 18.52 27.35 15.38 10.01 (19.03) 32.73 2.14 (44.35) 41.81
Capex (1.57) (1.70) (1.64) (1.97) (1.59) (2.30) (2.01) (2.53) (3.11) (3.71)
Free cash flow 4.28 16.82 25.72 13.41 8.42 (21.33) 30.72 (0.39) (47.45) 38.11
Book value 54.20 59.54 66.50 66.05 74.25 77.61 68.98 73.83 85.02 97.84
Shares, m 391 375 372 370 353 353 365 322 298 285
Valuation, ×
Valuation, × P/E 15.72 18.35 9.70 13.61 11.41 12.74 10.75 13.96 11.75 13.49
P/S 2.92 3.05 1.79 2.23 2.13 2.73 2.09 1.36 1.33 1.62
P/B 1.72 1.90 1.11 1.36 1.08 1.29 1.23 1.15 1.30 1.51
EV/Sales (3.08) (2.17) (3.60) (2.51) (7.03) (5.61) (4.95) (3.01) (3.22) (3.41)
EV/FCF (19.54) (4.09) (4.94) (6.63) (28.55) 8.97 (6.04) 438.70 5.03 (7.12)
Cash, $m
Cash, $m Operating cash flow 2,290 6,940 10,175 5,690 3,532 (6,710) 11,954 690 (13,210) 11,898
Capex (613) (637) (609) (730) (560) (811) (734) (816) (926) (1,055)
Free cash flow 1,677 6,303 9,566 4,960 2,972 (7,521) 11,220 (126) (14,136) 10,843
Balance, $m
Balance, $m Working capital (112,472) (104,481) (98,050) (104,536) (119,445) (124,304) (114,348) (115,141) (134,033) (123,077)
Total debt 11,430 11,620 11,093 12,509 13,805 13,475 14,996 18,839 23,272 25,143
Net debt (63,799) (62,048) (70,698) (62,159) (110,543) (100,284) (96,432) (80,338) (100,277) (113,859)
Shareholders’ equity 21,219 22,317 24,737 24,431 26,200 27,363 25,191 23,799 25,326 27,841
Returns, %
Returns, % ROA 0.81 0.82 1.00 0.82 0.81 0.82 0.86 0.61 0.76 0.76
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ROE 10.80 10.62 11.97 9.45 9.99 10.47 10.95 8.09 11.20 11.61
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 15 Oct 2026

Charts ten years each

State Street Corporation vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
KKR KKR & Co. Inc. $78.7B 25.7× 25.9× +12.52% (above 0%: growing) +39.62% (above 0%: growing) +762.68% (above 0%: growing) 37.79% 6.89% Compare
BAM Brookfield Asset Management Ltd. $75.3B 26.0× 24.1× +60.83% (above 0%: growing) +47.37% (above 0%: growing) +3.02% (above 0%: growing) 100.00% 65.83% Compare
APO Apollo Global Management Inc. $66.1B 39.6× 15.6× +63.68% (above 0%: growing) +118.00% (above 0%: growing) +128.29% (above 0%: growing) 100.00% 22.42% Compare
STT State Street Corporation $46.0B 13.1× 13.4× +5.36% (above 0%: growing) +40.48% (above 0%: growing) +65.74% (above 0%: growing) 66.12% 0.00%
AMP Ameriprise Financial, Inc. $44.4B 11.9× 10.7× +12.91% (above 0%: growing) +11.40% (above 0%: growing) +65.06% (above 0%: growing) 100.00% 29.70% Compare
ARES Ares Management Corporation $37.7B 51.5× 21.0× +5.81% (above 0%: growing) +6.52% (above 0%: growing) −197.89% (below 0%: shrinking) 100.00% 17.40% Compare
NTRS Northern Trust Corporation $30.3B 14.1× 15.2× +16.99% (above 0%: growing) +98.60% (above 0%: growing) −113.28% (below 0%: shrinking) 64.06% 0.00% Compare
RJF Raymond James Financial, Inc. $30.3B 13.4× 13.4× +13.53% (above 0%: growing) +41.67% (above 0%: growing) −148.58% (below 0%: shrinking) 100.00% 26.55% Compare
PFG Principal Financial Group, Inc. $23.3B 15.2× 11.5× +6.39% (above 0%: growing) +3.31% (above 0%: growing) +154.82% (above 0%: growing) 48.38% 12.71% Compare
Median of peers $41.0B 20.4× 15.4× +13.22% +40.65% +34.04% 100.00% 19.91%

All 120 Asset Management stocks →

STT metrics, ten years each

State Street Corporation (STT) key facts

  • Strength: State Street Corporation’s revenue for fiscal 2025 (year ended December 2025) was $22.6 billion, up 2.60% from fiscal 2024.
  • State Street Corporation (STT) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, STT traded at $165.72, a market capitalization of $46.0 billion.
  • State Street Corporation pays an annual dividend of $3.44 per share, a yield of 2.08%, with a payout ratio of 27.6%.
  • Return on equity was 11.6% and debt-to-equity 0.93.
  • Its Piotroski F-score is 7 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 15, 2026.

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stockrow.com/STT · Data as of Oct 15, 2026 · For information only; not investment advice. · © 2026 stockrow.com