STT
NYSE · USDState Street Corporation
Financial Services · Asset Management
CEO Ronald Philip O'Hanley
Employees 52,000
R&D / revenue 0.0%
Last price
$165.72−1.12%last session
Market cap
$45.5B
P/E (TTM)
13.3x
From 52w high
−15.4%
From 52w low
+58.4%
1-year return
+46.7%
RSI 14 · vs SMA200
24.4 · +5.6%
IS score
17.2/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)
One year, rebased to 100
STT SPY XLF (sector ETF) · weekly closesScore DNA
Each bar is a 0-100 score within the scored universe59Profitability
56Growth
71Value
0Momentum
15Risk (safety)
18Quality
29Balance sheet
40Earnings quality
Flags
Strengths
None of the computed strength flags fires.
Warnings
▲ Negative free cash flow
Observations
Moat model: Weak, Switching CostsPiotroski 6 / 9Beta 1.421 of 4 smart-money sources active
Smart-money strip
Each disclosure source on its own window. Filings coinciding is not coordination.INSForm 4 · 180 days
Insider open-market buys
0
11 open-market sales, $12.4M
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+124
207 new holders, 71 closed
1,264 filers hold 91.1% · 415 added, 432 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+161
1,242 funds adding shares
1,081 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
43.9%
20-day avg 42.2%, 50-day avg 50.8%
Latest 1.7 pp over its 20-day average · a flow, not short interest
Key financials · FY2025
USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.Income statement
Revenue$22.6B
Revenue growth YoY+3.0%
Gross margin61.4%
Operating income$3.7B
Operating margin16.5%
Net income$2.9B
Net margin13.0%
EPS (diluted)$9.40
Cash flow
Operating cash flow$5.3B
Capital expenditure$1.1B
Free cash flow$4.3B
FCF conversion (FCF / OCF)80.3%
Stock-based compensation$286.0M
FCF less SBC$4.0B
Buybacks$1.3B
Dividends$1.1B
Balance sheet & returns
Cash & short-term investments$146.0B
Total debt$29.7B
Net cash$116.3B
Shareholders' equity$27.8B
Goodwill & intangibles$9.1B
Debt / equity0.91
ROE (TTM)13.1%
ROIC (TTM)2.9%
Operating margin by fiscal year
Revenue $12.0B (FY2021) to $22.6B (FY2025), a 17.1% CAGR.
Valuation
P/E (TTM)13.3x
EV / EBITDA12.7x
Price / sales1.95x
Price / FCFn/m
FCF yield-11.31%
Buyback yield2.87%
SBC / revenue1.2%
Price / book1.58x
Forward P/E FY202612.0x
Forward P/E FY202710.7x
Forward P/E FY20289.4x
Forward multiples divide today's price by Street EPS estimates. Street mean target $187.20 across 5 analysts last quarter is theirs, not ours.
STT vs industry median
908 companies in Asset Management
STT (TTM)Industry median
Asset turnover 0.06 vs industry 0.11 · financial leverage 14.05
Earnings delivery
Next report 2027-01-15 · consensus EPS $3.66100%
beat rate, 12 of 12 quarters
+7.1%
median EPS surprise
12
longest beat streak
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-18 to 2026-10-14. Bars cap at ±60%.
Peers
Market-cap band, not the industry cohort above| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | 12m return |
|---|---|---|---|---|---|---|
| STT State Street Corporation | $45.5B | 13.3x | 13.1% | 15.8% | +3.0% | +46.7% |
| AMP Ameriprise Financial, Inc. | $44.2B | 11.9x | 63.4% | 22.2% | +9.0% | +7.4% |
| ARES Ares Management Corporation | $36.9B | 49.0x | 15.0% | 10.5% | +45.4% | −20.0% |
| APO Apollo Global Management, In | $65.4B | 24.0x | 14.3% | 12.1% | +34.6% | −8.0% |
| NTRS Northern Trust Corporation | $30.3B | 14.1x | 17.1% | 18.8% | +3.1% | +33.7% |
| RJF Raymond James Financial, Inc | $30.1B | 13.4x | 18.5% | 13.6% | +9.1% | — |
| BAM Brookfield Asset Management | $72.4B | 26.4x | 10.1% | 52.9% | +26.5% | — |
| KKR KKR & Co. Inc. | $77.4B | 25.7x | 10.6% | 12.4% | +30.7% | — |
12-month window: SPY +15.9%, sector ETF XLF +7.2%. Past returns describe history only.
Recent 8-K filings
No 8-K filings on file.
Context
Shares outstanding274,702,000
Free float99.6%
Institutional ownership91.1%
Beta1.42
Dividend yield2.08%
Last dividend$0.92 on 2026-10-01
50 / 200-day average$184.36 / $156.88
Large-cap Financial Services median P/E14.0x
Full factsheet
The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).
Read it in the browser Download (PDF)All fundamentals · 140 measures in 13 categories
Percentile = where STT sits among 110 scored companies in Asset Management (0 = lowest value, 100 = highest). It is a position, not a grade.ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)
Valuation
| Measure | STT | Industry percentile |
|---|---|---|
| P/E (TTM) | 13.2x | 49th |
| PEG (P/E ÷ 3-yr EPS CAGR) | 0.93 | 52nd |
| Price / sales | 2.0x | 21st |
| Price / book | 1.6x | 54th |
| Price / tangible book | 2.5x | 70th |
| Price / free cash flow | — | |
| Price / operating cash flow | — | |
| Enterprise value | $71.7B | 92nd |
| EV / sales | 3.1x | 20th |
| EV / EBITDA | 13.9x | 58th |
| EV / EBIT | 16.4x | 63rd |
| EV / free cash flow | — | |
| Earnings yield | 7.6% | 63rd |
| FCF yield | -11.3% | 8th |
| Operating cash flow yield | -11.2% | 7th |
| Graham number (per share) | $165.74 | 91st |
Profitability (TTM)
| Measure | STT | Industry percentile |
|---|---|---|
| Gross margin | 66.4% | 28th |
| EBITDA margin | 22.4% | 26th |
| Operating margin | 19.0% | 26th |
| EBIT margin | 19.0% | 26th |
| Net margin | 15.0% | 47th |
| NOPAT margin | 15.0% | 28th |
| FCF margin | -22.4% | 12th |
| Operating cash flow margin | -22.2% | 12th |
| R&D / revenue | 0.0% | 0th |
| SG&A / revenue | 23.9% | 76th |
| Stock comp / revenue | 1.2% | 70th |
| Effective tax rate | 21.1% | 71st |
Returns on capital
| Measure | STT | Industry percentile |
|---|---|---|
| ROE (on average equity) | 12.4% | 53rd |
| ROA | 0.9% | 30th |
| ROIC | 6.3% | 53rd |
| ROCE | 1.1% | 21st |
| Return on tangible assets | 1.1% | 20th |
| Cash ROIC (OCF / invested capital) | -9.4% | 5th |
| Gross profitability (GP / assets) | 3.6% | 11th |
| ROIC, 3-yr average | 4.7% | 44th |
| ROIC, 5-yr average | 6.4% | 53rd |
| ROE, 5-yr average | 10.4% | 48th |
| Incremental ROIC | -18.0% | 27th |
Growth
| Measure | STT | Industry percentile |
|---|---|---|
| Revenue growth (TTM YoY) | 2.2% | 21st |
| Revenue growth (QoQ) | 7.5% | 52nd |
| Revenue CAGR, 3 yr | 11.6% | 46th |
| Revenue CAGR, 5 yr | 14.5% | 77th |
| Gross profit CAGR, 3 yr | 6.9% | 18th |
| Operating income CAGR, 3 yr | 9.4% | 41st |
| Net income growth (TTM YoY) | 21.3% | 52nd |
| Net income CAGR, 3 yr | 8.1% | 45th |
| EPS growth (TTM YoY) | 24.5% | 56th |
| EPS CAGR, 3 yr | 14.2% | 58th |
| EPS CAGR, 5 yr | 12.6% | 80th |
| FCF growth (TTM YoY) | — | |
| FCF CAGR, 3 yr | — | |
| Operating cash flow CAGR, 3 yr | — | |
| Book value CAGR, 3 yr | 11.3% | 70th |
| Dividend CAGR, 3 yr | 8.2% | 84th |
| Sustainable growth rate | 8.3% | 64th |
Margin history & stability
| Measure | STT | Industry percentile |
|---|---|---|
| Gross margin, 3-yr average | 61.3% | 39th |
| Operating margin, 3-yr average | 15.4% | 18th |
| Net margin, 3-yr average | 12.2% | 27th |
| FCF margin, 3-yr average | -33.2% | 8th |
| Revenue stability (0-1) | 0.97 | 91st |
| Earnings stability (0-1) | 0.21 | 35th |
| Margin stability (0-1) | 0.76 | 42nd |
Liquidity (latest quarter)
| Measure | STT | Industry percentile |
|---|---|---|
| Cash & short-term investments | $4.3B | 85th |
| Net cash (− = net debt) | −$26.2B | 6th |
| Working capital | $4.4B | 87th |
| Current ratio | 1.92 | 59th |
| Quick ratio | 1.92 | 59th |
| Cash ratio (cash + ST investments / current liabilities) | 0.90 | 60th |
| Defensive interval (days) | 315 days | 40th |
Leverage & solvency (latest quarter)
| Measure | STT | Industry percentile |
|---|---|---|
| Total debt | $30.5B | 94th |
| Debt / equity | 1.08 | 59th |
| Net debt / equity | 0.93 | 59th |
| Debt / assets | 7.3% | 17th |
| Debt / capital | 51.9% | 59th |
| Debt / EBITDA | 5.92 | 59th |
| Net debt / EBITDA | 5.09 | 61st |
| Interest coverage (EBIT / interest) | 0.6x | 23rd |
| Cash interest coverage | −0.6x | 14th |
| Debt payback (years of OCF) | — | |
| Liabilities / assets | 93.2% | 96th |
| IS credit model rating | B- | |
| Implied credit spread (bps) | 900 | 79th |
Efficiency
| Measure | STT | Industry percentile |
|---|---|---|
| Asset turnover | 0.06 | 11th |
| Fixed asset turnover | 4.92 | 23rd |
| Inventory turnover | — | |
| Receivables turnover | 4.7 | 24th |
| Days sales outstanding | 77 days | 78th |
| Days inventory outstanding | — | |
| Days payables outstanding | 0 days | 0th |
| Cash conversion cycle (days) | 77 days | 88th |
| Capex / revenue | 0.2% | 58th |
| Capex / depreciation | 0.05 | 52nd |
| Operating expense ratio | 44.1% | 51st |
Cash flow & earnings quality
| Measure | STT | Industry percentile |
|---|---|---|
| Operating cash flow / net income | −1.48 | 5th |
| FCF / net income | −1.49 | 8th |
| FCF / operating cash flow | — | |
| Capex / operating cash flow | — | |
| Accruals ratio | 2.2% | 75th |
| Sloan accruals ratio | 38.1% | 96th |
| Earnings quality score (0-1) | 0.25 | 0th |
Scores & forensic checks
| Measure | STT | Industry percentile |
|---|---|---|
| IS score | 17 | 4th |
| IS profitability | 59 | 50th |
| IS growth | 56 | 53rd |
| IS value | 71 | 56th |
| IS momentum | 0 | 0th |
| IS risk (safety) | 15 | 6th |
| IS quality | 18 | 6th |
| IS balance sheet | 29 | 14th |
| IS earnings quality | 40 | 19th |
| IS cash flow | 18 | 10th |
| Piotroski F-score (0-9) | 6 | 49th |
| Altman Z-score | — | |
| Beneish M-score | — | |
| Ohlson O-score | −6.61 | 76th |
| IS credit score | 23 | 16th |
Size (TTM)
| Measure | STT | Industry percentile |
|---|---|---|
| Market cap | $45.5B | 91st |
| Revenue | $23.0B | 93rd |
| EBITDA | $5.1B | 90th |
| Net income | $3.5B | 95th |
| Free cash flow | −$5.2B | 4th |
| Total assets | $418.4B | 94th |
| Shareholders' equity | $28.3B | 93rd |
| Employees | 51,119 | 96th |
Insider transactions, last 6 months
Form 4 · most recent 12| Date | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| 2026-10-09 | Vollert Karl Alexander Director |
Award / grant | 784 | — | — | 784 |
| 2026-09-02 | Richards Michael L EVP and Chief Admin Officer |
Gift | 1,009 | — | — | 40,622 |
| 2026-08-31 | Read Craig Jack EVP, Global Controller and CAO |
Award / grant | 9,408 | — | — | 9,408 |
| 2026-08-14 | O Hanley Ronald P Director, Chairman, CEO and President |
Option exercise | 2,204 | — | — | 243,163 |
| 2026-08-14 | O Hanley Ronald P Director, Chairman, CEO and President |
Return to issuer | 2,204 | $183.75 | $404,985 | 240,959 |
| 2026-08-14 | O Hanley Ronald P Director, Chairman, CEO and President |
Gift | 10,500 | — | — | 230,459 |
| 2026-08-14 | O Hanley Ronald P Director, Chairman, CEO and President |
Option exercise | 2,204 | — | — | 4,408 |
| 2026-08-14 | Richards Michael L EVP and Chief Admin Officer |
Tax withholding | 196 | $191.74 | $37,581 | 41,631 |
| 2026-08-14 | Tahiri Mostapha EVP and COO |
Tax withholding | 54 | $191.74 | $10,354 | 64,497 |
| 2026-08-03 | Schaefer Elizabeth SVP, Chief Accounting Officer |
Open-market sale | 500 | $181.19 | $90,595 | 8,073 |
| 2026-07-24 | Hu W. Bradford EVP and Chief Risk Officer |
Open-market sale | 9,758 | $184.52 | $1.8M | 49,794 |
| 2026-07-21 | Horgan Kathryn M Executive Vice President |
Open-market sale | 5,523 | $184.17 | $1.0M | 103,171 |
Shares acquired vs disposed, by month
acquired disposed · all Form 4 typesBy transaction type, 6 months
| Type | Direction | Filings | Shares | Value |
|---|---|---|---|---|
| Award / grant | Acquired | 14 | 29,511 | — |
| Gift | Disposed | 2 | 11,509 | — |
| Open-market sale | Disposed | 11 | 74,210 | $12.4M |
| Option exercise | Acquired | 2 | 4,408 | — |
| Option exercise | Disposed | 2 | 4,408 | — |
| Return to issuer | Disposed | 2 | 4,408 | $729,282 |
| Tax withholding | Disposed | 5 | 727 | $120,844 |
| — | Disposed | 3 | 0 | — |
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.
Form 144 notices
| Filed | Filer | Shares proposed | Est. proceeds |
|---|---|---|---|
| None on file. | |||
A Form 144 is notice of a proposed sale, not a confirmed one.
Congress trades
12 months: House 13 trades (3 purchases) · Senate 0 (0 purchases)| Traded | Member | Chamber | Type | Amount | Disclosed |
|---|---|---|---|---|---|
| 2026-05-18 | Jake Auchincloss | House | Sale | $15,001 - $50,000 | 2026-05-25 |
| 2026-05-18 | Jake Auchincloss | House | Sale | $15,001 - $50,000 | 2026-05-25 |
| 2026-05-18 | Jake Auchincloss | House | Sale (Partial) | $15,001 - $50,000 | 2026-05-25 |
| 2026-05-17 | Jake Auchincloss | House | Sale (Partial) | $15,001 - $50,000 | 2026-05-25 |
| 2020-04-14 | David Perdue | Senate | Sale (Full) | $15,001 - $50,000 | 2021-05-02 |
| 2020-04-14 | David Perdue | Senate | Sale (Full) | $15,001 - $50,000 | 2021-05-01 |
| 2020-04-14 | David Perdue | Senate | Sale (Full) | $15,001 - $50,000 | 2021-05-01 |
| 2020-04-14 | David Perdue | Senate | Sale (Full) | $15,001 - $50,000 | 2020-05-08 |
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.
Largest 13F holders
Quarter to 2026-06-30, the latest most managers have filed| Manager | Shares | Value | % of shares out |
|---|---|---|---|
| BlackRock, Inc. | 24,406,776 | $4.1B | 8.88% |
| VANGUARD CAPITAL MANAGEMENT LLC | 17,603,680 | $3.0B | 6.41% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 14,734,612 | $2.5B | 5.36% |
| FMR LLC | 13,911,287 | $2.4B | 5.06% |
| STATE STREET CORP | 13,538,311 | $2.3B | 4.93% |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA | 9,917,831 | $1.7B | 3.61% |
| GEODE CAPITAL MANAGEMENT, LLC | 7,416,903 | $1.3B | 2.70% |
| Invesco Ltd. | 6,572,279 | $1.1B | 2.39% |
| VICTORY CAPITAL MANAGEMENT INC | 4,502,183 | $763.6M | 1.64% |
| FRANKLIN RESOURCES INC | 4,377,200 | $742.4M | 1.59% |
| LSV ASSET MANAGEMENT | 4,068,928 | $690.1M | 1.48% |
| JPMORGAN CHASE & CO | 3,865,433 | $657.8M | 1.41% |
| DIMENSIONAL FUND ADVISORS LP | 3,129,977 | $530.9M | 1.14% |
| MORGAN STANLEY | 3,098,537 | $525.5M | 1.13% |
| GOLDMAN SACHS GROUP INC | 2,849,453 | $483.3M | 1.04% |
Institutional ownership by quarter
% of shares held by 13F filers
Number of 13F filers holding
Holder changes by quarter
| Quarter | Holders | Ownership | New | Increased | Reduced | Closed |
|---|---|---|---|---|---|---|
| 2026-06-30 | 1,264 | 91.1% | 207 | 415 | 432 | 71 |
| 2026-03-31 | 1,140 | 91.5% | 141 | 432 | 338 | 83 |
| 2025-12-31 | 1,102 | 93.0% | 161 | 355 | 386 | 71 |
| 2025-09-30 | 1,033 | 93.0% | 119 | 361 | 333 | 70 |
| 2025-06-30 | 999 | 93.1% | 98 | 358 | 367 | 80 |
| 2025-03-31 | 994 | 93.3% | 106 | 354 | 347 | 104 |
| 2024-12-31 | 1,008 | 92.5% | 163 | 294 | 368 | 62 |
| 2024-09-30 | 926 | 92.4% | 103 | 278 | 377 | 78 |
| 2024-06-30 | 909 | 97.5% | 80 | 292 | 350 | 85 |
| 2024-03-31 | 929 | 96.4% | 107 | 324 | 334 | 77 |
| 2023-12-31 | 908 | 95.2% | 130 | 239 | 387 | 53 |
| 2023-09-30 | 845 | 98.1% | 77 | 254 | 338 | 64 |
Schedule 13D / 13G filers
| Filed | Form | Filer | % of class | Shares |
|---|---|---|---|---|
| None on file. | ||||
Required above 5% of a class; 13G is the passive form.
ETFs with the largest holding
| ETF | Weight in fund | Holding value |
|---|---|---|
| VITSX | 0.06% | $1.4B |
| VTI | 0.06% | $1.4B |
| VTSAX | 0.06% | $1.4B |
| VSMPX | 0.06% | $1.4B |
| VFIAX | 0.07% | $1.3B |
| VOO | 0.07% | $1.3B |
Share structure
Shares outstanding274,702,000
Float273,503,475
Free float99.6%
Income statement
Fiscal years, USD| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Revenue | $12.0B | $13.7B | $18.4B | $22.0B | $22.6B |
| Cost of revenue | −$30.0M | $1.6B | $6.5B | $9.1B | $8.7B |
| Gross profit | $12.1B | $12.1B | $11.9B | $12.8B | $13.9B |
| R&D | $0 | $0 | $0 | $0 | $0 |
| SG&A | $4.7B | $4.5B | $4.7B | $4.9B | $5.3B |
| Operating income | $3.2B | $3.3B | $2.3B | $3.4B | $3.7B |
| EBITDA | $4.7B | $4.5B | $3.2B | $4.0B | $4.3B |
| Pretax income | $3.2B | $3.3B | $2.3B | $3.4B | $3.7B |
| Income tax | $478.0M | $553.0M | $372.0M | $708.0M | $786.0M |
| Net income | $2.7B | $2.8B | $1.9B | $2.7B | $2.9B |
| EPS, diluted | $7.19 | $7.19 | $5.58 | $8.21 | $9.40 |
| Diluted shares | 358.0M | 370.1M | 326.6M | 302.2M | 289.0M |
Balance sheet
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Cash & short-term investments | $183.4B | $146.2B | $136.2B | $134.6B | $146.0B |
| Receivables | $4.0B | $4.5B | $5.7B | $4.7B | $43.2B |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $188.7B | $151.2B | $142.6B | $140.0B | $190.1B |
| PP&E, net | $2.8B | $2.8B | $3.2B | $3.5B | $3.2B |
| Goodwill & intangibles | $9.4B | $9.0B | $8.9B | $8.8B | $9.1B |
| Total assets | $314.6B | $301.4B | $297.3B | $353.2B | $366.0B |
| Accounts payable | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $276.3B | $263.4B | $227.5B | $275.4B | $279.0B |
| Long-term debt | $10.8B | $12.7B | $17.7B | $23.2B | $25.0B |
| Total liabilities | $287.3B | $276.3B | $273.5B | $327.9B | $338.2B |
| Shareholders' equity | $27.4B | $25.2B | $23.8B | $25.3B | $27.8B |
Cash flow statement
Outflows are negative| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Net income | $2.7B | $2.8B | $1.9B | $2.7B | $2.9B |
| Depreciation & amortization | $1.6B | $1.2B | $882.0M | $605.0M | $554.0M |
| Stock-based compensation | $0 | $261.0M | $0 | $0 | $286.0M |
| Change in working capital | −$11.2B | $7.5B | −$2.5B | −$17.1B | −$3.6B |
| Operating cash flow | −$6.7B | $12.0B | $690.0M | −$13.2B | $5.3B |
| Capital expenditure | −$811.0M | −$734.0M | −$816.0M | −$926.0M | −$1.1B |
| Free cash flow | −$7.5B | $11.2B | −$126.0M | −$14.1B | $4.3B |
| Investing cash flow | −$2.2B | $6.8B | $12.7B | −$39.5B | −$13.1B |
| Net debt issued / repaid | −$4.0B | $4.1B | $4.2B | $10.7B | −$7.3B |
| Buybacks | −$1.4B | −$1.6B | −$3.9B | −$2.9B | −$1.3B |
| Dividends paid | −$866.0M | −$972.0M | −$970.0M | −$1.0B | −$1.1B |
Ratio history
Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Gross margin | 100.3% | 88.6% | 64.8% | 58.5% | 61.4% |
| Operating margin | 26.6% | 24.3% | 12.6% | 15.5% | 16.5% |
| Net margin | 22.6% | 20.3% | 10.6% | 12.2% | 13.0% |
| FCF margin | -63.1% | 82.1% | -0.7% | -64.3% | 12.1% |
| ROE | 10.1% | 10.6% | 7.9% | 10.9% | 11.1% |
| ROIC | -1.9% | -2.7% | -2.2% | -3.7% | -3.3% |
| ROA | 0.9% | 0.9% | 0.6% | 0.8% | 0.8% |
| Debt / equity | 0.55 | 0.73 | 1.02 | 1.45 | 1.07 |
| Interest coverage | 792.8x | 2.2x | 0.4x | 0.4x | 0.4x |
| Current ratio | 0.68 | 0.57 | 0.63 | 0.51 | 0.68 |
| Revenue growth | −1.4% | +14.7% | +34.4% | +19.6% | +3.0% |
| EPS growth | +7.1% | +5.2% | −17.8% | +44.7% | +12.4% |
| P/E at year end | 11.3x | 9.3x | 11.7x | 10.5x | 12.6x |
| EV / EBITDA at year end | n/m | n/m | n/m | n/m | n/m |
| FCF yield at year end | -24.72% | 43.66% | -0.56% | -50.10% | 7.37% |
| Dividend payout | 32.2% | 35.0% | 49.9% | 38.4% | 38.0% |
Revenue by segment
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Investment Servicing | $9.8B | $10.1B | $10.2B | $10.7B | $11.3B |
| Investment Management | $2.1B | $2.0B | $2.1B | $2.3B | $2.6B |
| Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment | — | — | — | — | $42.0M |
Revenue by region · FY2025
UNITED STATES$8.0B · 57%
Non-US$5.9B · 43%
Street estimates by fiscal year
Next report 2027-01-15 · consensus EPS $3.66 · these are analysts' numbers, not ours| Fiscal year | Revenue (mean) | Revenue range | EPS (mean) | EPS range | Analysts | P/E on mean EPS |
|---|---|---|---|---|---|---|
| 2026 | $15.9B | $15.9B – $16.0B | $13.77 | $13.47 – $14.20 | 9 | 12.0x |
| 2027 | $16.8B | $16.6B – $17.1B | $15.47 | $14.66 – $15.99 | 12 | 10.7x |
| 2028 | $17.6B | $16.9B – $18.1B | $17.60 | $16.73 – $18.56 | 7 | 9.4x |
Reported vs expected, every quarter on file
| Reported | EPS expected | EPS actual | EPS surprise | Revenue expected | Revenue actual | Revenue surprise |
|---|---|---|---|---|---|---|
| 2026-10-14 | $3.68 | $3.69 | +0.3% | $4.0B | $4.0B | −0.8% |
| 2026-04-17 | $2.64 | $2.84 | +7.6% | $3.7B | $3.8B | +3.6% |
| 2026-01-16 | $2.84 | $2.97 | +4.6% | $3.6B | $3.7B | +1.8% |
| 2025-10-17 | $2.64 | $2.78 | +5.3% | $3.5B | $5.7B | +66.1% |
| 2025-07-15 | $2.35 | $2.53 | +7.7% | $3.4B | $5.8B | +72.8% |
| 2025-04-17 | $2.00 | $2.04 | +2.0% | $3.3B | $5.5B | +65.4% |
| 2025-01-17 | $2.29 | $2.60 | +13.5% | $3.3B | $5.7B | +70.5% |
| 2024-10-15 | $2.12 | $2.26 | +6.6% | $3.2B | $5.5B | +73.4% |
| 2024-07-16 | $2.03 | $2.15 | +5.9% | $3.1B | $5.5B | +73.3% |
| 2024-04-12 | $1.50 | $1.69 | +12.7% | $3.1B | $5.3B | +73.5% |
| 2024-01-19 | $1.81 | $2.04 | +12.7% | $2.9B | $5.0B | +68.1% |
| 2023-10-18 | $1.77 | $1.93 | +9.0% | $2.9B | $4.4B | +50.3% |
| 2023-07-14 | $2.10 | $2.17 | +3.3% | $3.1B | $4.7B | +48.3% |
| 2023-04-17 | $1.64 | $1.52 | −7.3% | $3.1B | $4.4B | +39.6% |
| 2023-01-20 | $1.98 | $2.07 | +4.5% | $3.0B | $4.1B | +35.1% |
| 2022-10-18 | $1.78 | $1.82 | +2.2% | $3.0B | $3.4B | +14.5% |
| 2022-07-15 | $1.73 | $1.94 | +12.1% | $3.0B | $3.1B | +2.7% |
| 2022-04-14 | $1.49 | $1.59 | +6.7% | $3.0B | $3.1B | +1.7% |
| 2022-01-19 | $1.88 | $2.00 | +6.4% | $3.1B | $3.0B | −3.0% |
| 2021-10-18 | $1.92 | $2.00 | +4.2% | $2.9B | $3.0B | +1.4% |
| 2021-07-16 | $1.79 | $1.97 | +10.1% | $2.9B | $3.0B | +1.7% |
| 2021-04-16 | $1.35 | $1.47 | +8.9% | $2.8B | $3.0B | +4.3% |
| 2021-01-19 | $1.56 | $1.69 | +8.3% | $2.4B | $2.9B | +21.0% |
| 2020-10-16 | $1.41 | $1.45 | +2.8% | $2.5B | $2.8B | +14.4% |
Off-exchange (dark pool) volume, weekly
FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)| Week of | Notional | Shares | Trades |
|---|---|---|---|
| 2026-08-31 | $300.8M | 1,567,864 | 47,163 |
| 2026-08-24 | $252.6M | 1,313,841 | 40,283 |
| 2026-08-17 | $356.0M | 1,885,202 | 50,866 |
| 2026-08-10 | $274.8M | 1,456,371 | 47,762 |
| 2026-08-03 | $390.0M | 2,100,033 | 53,924 |
| 2026-07-27 | $533.8M | 2,939,920 | 63,271 |
Short-sale share of off-exchange volume
daily 20-day average| Date | Short share | Short volume | Total volume |
|---|---|---|---|
| 2026-10-15 | 43.9% | 770,250 | 1,754,523 |
| 2026-10-14 | 46.5% | 1,115,204 | 2,397,328 |
| 2026-10-13 | 35.6% | 408,918 | 1,147,379 |
| 2026-10-12 | 46.9% | 203,152 | 433,099 |
| 2026-10-09 | 44.0% | 233,534 | 531,149 |
| 2026-10-08 | 55.9% | 434,244 | 777,147 |
| 2026-10-07 | 55.7% | 262,696 | 471,293 |
| 2026-10-06 | 41.9% | 313,531 | 748,195 |
| 2026-10-05 | 46.3% | 235,644 | 509,263 |
| 2026-10-02 | 43.7% | 211,968 | 485,201 |
A daily flow measure from FINRA, not short interest.
Seasonality
Average return by calendar month| Month | Avg return | Up years | Years |
|---|---|---|---|
| Jan | −1.7% | 45% | 20 |
| Feb | −1.3% | 55% | 20 |
| Mar | +1.0% | 52% | 21 |
| Apr | +0.6% | 60% | 20 |
| May | +0.7% | 50% | 20 |
| Jun | −0.6% | 50% | 20 |
| Jul | +4.2% | 70% | 20 |
| Aug | −1.5% | 45% | 20 |
| Sep | −0.8% | 50% | 20 |
| Oct | +3.5% | 75% | 20 |
| Nov | +3.8% | 75% | 20 |
| Dec | +2.5% | 80% | 20 |
History, not a forecast.
Indicators
as of 2026-10-16RSI 1424.4
MFI44.5
ADX39.2
Stochastic %K / %D42.7 / 40.6
Williams %R-59.3
CCI-159
TSI / signal-37.5 / -27.3
Chaikin money flow0.21
ATR$4.80
Bollinger width10.1%
Volume vs 20-day avg1.11x
SupertrendDown
Moving averages and bands
level (price vs level)SMA 20$175.39 (−5.5%)
SMA 50$183.77 (−9.8%)
SMA 200$156.92 (+5.6%)
EMA 21$175.45 (−5.5%)
EMA 50$178.95 (−7.4%)
EMA 200$160.46 (+3.3%)
Bollinger upper$184.20 (−10.0%)
Bollinger lower$166.57 (−0.5%)
Parabolic SAR$175.68 (−5.7%)
Open the live chart, 110+ indicatorsAbout State Street Corporation
State Street Corporation (STT) is a well-established global financial services firm that delivers a wide array of financial products and specialized services to institutional investors worldwide. The company's extensive offerings include core investment servicing functionalities such as secure asset custody, detailed product accounting, daily valuation, comprehensive administration, master trust and master custody arrangements, and specific depotbank services. It also manages record-keeping, cash, foreign exchange, brokerage, and various trading activities. Further services in this area encompass securities finance, advanced custody solutions, deposit and short-term investment facilities, as well as loan and lease financing. State Street additionally provides operational outsourcing for both traditional and alternative investment managers, complemented by sophisticated analytics for performance, risk, and compliance, along with financial data management. Beyond servicing, the firm offers capabilities in portfolio management and risk analysis, supporting trading and post-trade settlement processes with built-in compliance features and managed data solutions. Its investment management division provides a diverse range of strategies and products. These span core and enhanced indexing, multi-asset class approaches, active quantitative and fundamental management, and various alternative investment strategies. State Street is also a proponent of environmental, social, and governance (ESG) investing, offers solutions for defined benefit and defined contribution plans, and provides global fiduciary expertise, including its prominent SPDR brand of exchange-traded funds (ETFs). State Street's client roster is broad, serving mutual funds, collective investment vehicles, other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and other investment managers. With roots dating back to its founding in 1792, State Street Corporation is headquartered in Boston, Massachusetts.
https://www.statestreet.com
Key executives
| Name | Title | Pay | Born |
|---|---|---|---|
| Ronald Philip O'Hanley | Chief Executive Officer, President & Chairman | $6.8M | 1957 |
| Joerg Ambrosius | Executive Vice President & President of Investment Services | $5.7M | 1971 |
| John F. Woods | Executive Vice President & Chief Financial Officer | $5.5M | 1964 |
| Yie-Hsin Hung | President & Chief Executive Officer of State Street Investment Management | $4.4M | 1963 |
| Ann Fogarty | Executive Vice President & Chief Operating Officer | $3.2M | 1966 |
| Mostapha Tahiri | Executive VP, President of State Street Alpha & Chairman of Asia Pacific | $3.2M | 1975 |
| Mark R. Keating | Executive VP & Global Head of Strategic Finance | $2.2M | 1969 |
| Ilona Chen | Head of Taiwan | — | — |
Executive pay, latest proxy
| Executive | Year | Salary | Stock awards | Incentive | Total |
|---|---|---|---|---|---|
| Ronald P. O’Hanley Chairman, CEO and President | 2025 | $1.2M | $12.8M | $5.4M | $19.5M |
| John F. Woods Executive Vice President and CFO | 2025 | $230,769 | $12.0M | $2.8M | $17.5M |
| Yie-Hsin Hung President and CEO of State Street Investment Management | 2025 | $700,000 | $6.3M | $3.6M | $10.7M |
| Joerg Ambrosius Executive Vice President and President of Investment Services | 2025 | $3.6M | $2.8M | $2.0M | $8.7M |
| Mostapha Tahiri Executive Vice President and Chief Operating Officer | 2025 | $650,000 | $3.7M | $2.5M | $6.9M |
| Mark R. Keating Executive Vice President and Global Head of Strategic Finance and former Interim CFO | 2025 | $495,385 | $975,066 | $1.7M | $3.2M |
Employees
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| 2026-10-01 | $0.92 | 2026-10-13 |
| 2026-07-01 | $0.84 | 2026-07-13 |
| 2026-04-01 | $0.84 | 2026-04-13 |
| 2026-01-02 | $0.84 | 2026-01-12 |
| 2025-10-01 | $0.84 | 2025-10-14 |
| 2025-07-01 | $0.76 | 2025-07-11 |
| 2025-04-01 | $0.76 | 2025-04-11 |
| 2025-01-02 | $0.76 | 2025-01-13 |
Moat model
Weak · Switching Costs · 2026-06-30Cost advantage27
Intangibles47
Switching costs63
Network effect62
Efficient scale47
Our component scores (0-100) and overall 49.3; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17