STATE STREET CORP

Listed Company

STTCIK 0000093751NYSELarge AcceleratedState Commercial BanksMassachusettsFY ends Dec 31

Period

FY 2025

Revenue

$13.94B

Net Income

$2.94B

Total Assets

$366.05B

Equity

$27.84B

Shares Out

276.77M

Op. Cash Flow

$11.90B

+ 13F Filer

Business

STATE STREET CORP provides financial services to institutional investors, offering investment servicing, markets and financing solutions, and investment management. It offers custody, accounting and fund administration, recordkeeping, trading and foreign exchange, securities finance and prime services, performance/risk analytics, deposit and short-term investment facilities, investment strategies and products (including ETFs and index funds), and technology platforms such as State Street Alpha and Charles River. Its operations are organized into two lines of business: Investment Servicing and Investment Management. It serves institutional clients globally across the Americas, Europe, the Middle East and Asia-Pacific through its banking and subsidiary platforms.

Summary from filing dated 2025-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Servicing fees	5,324	5,016	4,922	5,087	5,531
Management fees	2,398	2,124	1,876	1,939	2,053
Foreign exchange trading services	1,614	1,401	1,265	1,376	1,211
Securities finance	505	438	426	416	416
Software and processing fees	903	888	811	789	738
Other fee revenue	236	289	180	−1	63
Total fee revenue	10,980	10,156	9,480	9,606	10,012
Interest income	11,644	11,977	9,180	4,088	1,908
Interest expense	8,684	9,054	6,421	1,544	—
Net interest income	2,960	2,923	2,759	2,544	1,905
Gains (losses) from sales of available-for-sale securities, net	4	−79	−294	−2	57
Total other income	4	−79	−294	−2	110
Total revenue	13,944	13,000	11,945	12,148	12,027
Provision for credit losses	59	75	46	20	−33
Compensation and employee benefits	5,035	4,697	4,744	4,428	4,554
Information systems and communications	2,094	1,829	1,703	1,630	1,661
Transaction processing services	1,050	998	957	971	1,024
Occupancy	487	437	426	394	444
Other	1,488	1,569	1,753	1,075	896
Total expenses	10,154	9,530	9,583	8,801	8,889
Income before income tax expense	3,731	3,395	2,316	3,327	3,171
Income tax expense	786	708	372	553	478
Net income	2,945	2,687	1,944	2,774	2,693
Net income available to common shareholders -basic	2,717	2,483	1,821	2,660	2,572
Net income available to common shareholders - diluted	2,717	2,483	1,821	2,660	2,572
Basic (in USD per share)	9.55	8.33	5.65	7.28	7.3
Diluted (in USD per share)	9.4	8.21	5.58	7.19	7.19
Basic (in shares)	285	298	322	365	353
Diluted (in shares)	289	302	327	370	358
Cash dividends declared (in USD per share)	3.2	2.9	2.64	2.4	2.18

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	4,433	3,145	4,047	3,970	3,631
Interest-bearing deposits with banks	126,930	112,957	87,665	101,593	106,358
Securities purchased under resale agreements	6,810	6,680	6,690	5,210	3,010
Trading account assets	827	768	773	650	758
Investment securities available-for-sale	67,154	58,895	44,526	40,579	73,399
Investment securities held-to-maturity (fair value of $34,166 and $41,906)	38,171	47,727	57,117	64,700	42,430
Loans (less allowance for credit losses on loans of $193 and $174)	46,589	43,026	36,496	32,053	32,445
Premises and equipment (net of accumulated depreciation of $7,046 and $6,461)	3,174	2,715	2,399	2,315	2,261
Accrued interest and fees receivable	4,395	4,034	3,806	3,434	3,278
Goodwill	8,159	7,691	7,611	7,495	7,621
Other intangible assets	935	1,089	1,320	1,544	1,816
Other assets	58,468	64,514	44,806	37,902	37,615
Total assets	366,047	353,240	297,258	301,450	314,624
Non-interest-bearing	35,267	33,180	32,569	46,755	56,461
Interest-bearing - U.S.	168,079	166,483	121,738	111,384	102,985
Interest-bearing - non-U.S.	71,004	62,257	66,663	77,325	95,589
Total deposits	274,350	261,920	220,970	235,464	255,035
Securities sold under repurchase agreements	840	3,680	1,870	1,180	1,570
Other short-term borrowings	3,821	9,840	3,660	2,097	128
Accrued expenses and other liabilities	34,051	29,201	28,123	22,525	17,048
Long-term debt	25,143	23,272	18,839	14,996	13,475
Total liabilities	338,206	327,914	273,459	276,259	287,261
Commitments, guarantees and contingencies (Notes 12 and 13)	—	—	—	—	—
Common stock	504	504	504	504	504
Surplus	10,705	10,722	10,741	10,730	10,787
Retained earnings	31,392	29,582	27,957	27,028	25,238
Accumulated other comprehensive income (loss)	−1,043	−2,100	−2,354	−3,711	−1,133
Treasury stock, at cost (224,801,735 and 215,113,190 shares)	−17,276	−16,198	−15,025	—	—
Total shareholders equity	27,841	25,326	23,799	25,191	27,363
Total liabilities and shareholders equity	366,047	353,240	297,258	301,450	314,624

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income tax (benefit)	−89	145	−184	−62	−162
Amortization of other intangible assets	223	230	239	—	—
Other non-cash adjustments for depreciation, amortization and accretion, net	331	375	643	918	1,312
(Gains) losses related to investment securities, net	−4	79	294	2	−57
Change in trading account assets, net	−59	5	−123	108	57
Change in accrued interest and fees receivable, net	−350	−224	−359	−156	−173
Change in collateral deposits, net	6,611	−12,109	−2,246	7,821	−7,662
Change in unrealized losses (gains) on foreign exchange derivatives, net	5,512	−7,191	2,146	−1,125	−3,448
Change in other assets, net	−2,524	1,672	−1,839	421	691
Change in accrued expenses and other liabilities, net	−1,167	743	−128	557	−574
Other, net	410	303	257	438	401
Net cash provided by (used in) operating activities	11,898	−13,210	690	11,954	−6,710
Net (increase) decrease in interest-bearing deposits with banks	−12,998	−25,292	13,928	4,765	10,602
Net (increase) decrease in securities purchased under resale agreements	−133	13	−1,477	−2,203	94
Proceeds from sales of available-for-sale securities	15,999	10,973	4,917	4,590	12,822
Proceeds from maturities of available-for-sale securities	29,040	18,517	15,703	17,254	23,484
Purchases of available-for-sale securities	−50,245	−44,301	−23,089	−18,029	−53,750
Proceeds from maturities of held-to-maturity securities	9,858	9,330	9,474	9,817	15,586
Purchases of held-to-maturity securities	0	−5	−1,582	−8,564	−8,583
Sale of loans	1,068	246	506	1,786	172
Net increase in loans	−3,719	−7,369	−4,746	−1,667	−4,779
Business acquisitions, net of cash acquired	−286	−194	−61	0	−346
Purchases of equity investments and other long-term assets	−1,164	−143	−136	−250	−216
Purchases of premises and equipment, net	−1,055	−926	−816	−734	−811
Other, net	644	−332	117	51	241
Net cash (used in) provided by investing activities	−12,991	−39,483	12,738	6,816	−2,172
Net (decrease) increase in time deposits	−3,108	−19	2,820	1,673	−363
Net increase (decrease) in all other deposits	14,471	40,971	−17,311	−21,244	15,611
Net (decrease) increase in securities sold under repurchase agreements	−2,840	1,814	690	−398	−1,838
Net (decrease) increase in other short-term borrowings	−6,018	6,180	1,563	1,969	−557
Proceeds from issuance of long-term debt, net of issuance costs	5,722	6,523	6,221	3,731	1,343
Payments for long-term debt and obligations under finance leases	−4,143	−2,046	−2,545	−1,567	−1,443
Payments for redemption of preferred stock	0	−1,500	0	0	−500
Proceeds from issuance of preferred stock, net of issuance costs	743	2,323	0	0	—
Repurchases of common stock	−1,200	−1,319	−3,781	−1,500	−900
Repurchases of common stock for employee tax withholding	−106	−83	−95	−123	−39
Payments for cash dividends	−1,120	−1,033	−970	−972	−866
Other, net	−20	−20	57	0	0
Net cash provided by (used in) financing activities	2,381	51,791	−13,351	−18,431	9,046
Net increase (decrease)	1,288	−902	77	339	164
Interest paid	8,805	8,951	6,184	1,354	37
Income taxes paid, net	594	451	423	436	559

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 4,919 positions

Reported AUM

$2.02T

Holdings

4.9K

Top sector

$2.02T

Top sectors

Sector	Value	% of portfolio
Uncategorized	$2.02T	100.0%

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