State Street Corporation (STT): financials, SEC filings and peers
State Street Corporation (STT) is an asset management & custody banks company in the Financials sector of the S&P 500, headquartered in Boston, Massachusetts.
It was founded in 1792 and joined the S&P 500 on March 14, 2003.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “State Commercial Banks”.
State Street Corporation at a glance
- Revenue (12 months)
- $15.5B
- Revenue growth
- +13.3%
- Operating margin
- 30.1%
- Net income (12 months)
- $3.7B
- Free cash flow (12 months)
- −$3.7B
- Cash
- $4.8B
- Debt
- $25.1B
- Diluted EPS (12 months)
- $12.25
Twelve months to September 30, 2026, from the 10-Q filed October 28, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, State Street Corporation reported revenue of $15.5 billion, up 13.3% from a year earlier.
Its operating margin was 30.1%, up 2.5 percentage points from a year earlier: for every $100 of sales, about $30 was left as operating profit.
Net income was $3.7 billion (23.8% of revenue), 23.6% higher than a year earlier.
Operating cash flow was −$2.2 billion and capital spending $1.6 billion, leaving free cash flow of −$3.7 billion (-24.1% of revenue).
At the end of the period it held $4.8 billion in cash and $25.1 billion in debt, a net debt position of $20.3 billion.
The diluted share count fell 3.1% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $11.7 billion in fiscal 2020 to $13.9 billion in fiscal 2025, about 3.6% a year.
- Free cash flow was negative in 3 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $12.0B | $12.1B | $11.9B | $13.0B | $13.9B |
| Revenue growth | 2.8% | 1.0% | -1.7% | 8.8% | 7.3% |
| Operating margin | — | — | — | — | — |
| Net income | $2.7B | $2.8B | $1.9B | $2.7B | $2.9B |
| Free cash flow | −$7.5B | $11.2B | −$126M | −$14.1B | $10.8B |
| Diluted EPS | $7.19 | $7.19 | $5.58 | $8.21 | $9.40 |
Fiscal years as reported in State Street Corporation’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Companies like State Street Corporation
Other S&P 500 companies in Asset Management & Custody Banks:
- AMPAmeriprise FinancialMinneapolis, Minnesota
- APOApollo Global ManagementNew York City, New York
- ARESAres ManagementLos Angeles, California
- BENFranklin ResourcesSan Mateo, California
- BLKBlackRockNew York City, New York
- BNYBNY MellonNew York City, New York
- BXBlackstone Inc.New York City, New York
- IVZInvescoAtlanta, Georgia
More from Financials
Questions about State Street Corporation
Is State Street Corporation's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $15.5 billion, up 13.3% from a year earlier, according to its SEC filings.
Is State Street Corporation profitable?
Yes. It earned $3.7 billion in net income over the twelve months to September 30, 2026, a net margin of 23.8%.
Does State Street Corporation have more cash or more debt?
At September 30, 2026 it had $4.8 billion in cash and $25.1 billion in debt, so more debt than cash.
Which companies are similar to State Street Corporation?
In the S&P 500, State Street Corporation is grouped in Asset Management & Custody Banks within the Financials sector. Ameriprise Financial (AMP), Apollo Global Management (APO), Ares Management (ARES), Franklin Resources (BEN), BlackRock (BLK) are in the same group.
Understand the numbers
Source: State Street Corporation’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.