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State Street Income Statement

Revenue, expenses, and profitability over time

State Street generated $14.5B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $3.1B with a 21.2% net margin. Diluted EPS is $9.86, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$14.5BNet Income (TTM)$3.1BEps Diluted (TTM)$9.86
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$45.6B
P/E Ratio14.89
ROE11.26%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Compensation and benefits$1.2B$1.3B$1.3B$1.2B$1.3B$1.4B
Depreciation and amortization$54M$54M$56M$56M$57M$57M
Occupancy and equipment$123M$103M$105M$106M$173M$101M
Other expenses$556M$330M$305M$317M$590M$349M
Other operating expenses—$0$0$1M$3M$1M
Professional fees—$110M———$104M
Restructuring charges—————$89M
Selling and marketing—$25M———$34M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$2.48$2.07$2.20$2.83$2.46$2.53
Diluted earnings per share$2.44$2.04$2.17$2.78$2.42$2.49
Weighted-average shares, basic297.9M288.6M286.3M283.4M284.5M278.4M
Weighted-average shares, diluted302.2M292.7M290.5M288.2M289M282.9M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (loss) on disposal of assets—$0———$1M
Interest expense$2.3B$2.2B$2.3B$2.2B$1.9B$1.8B
Impairment of strategic investments—————$0
Other income (expense), net—-$156M———-$237M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$960M$822M$889M$1.1B$918M$969M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$177M$178M$196M$241M$171M$205M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$783M$644M$693M$861M$747M$764M
Preferred stock dividends—$46M———$58M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net interest income$749M$714M$729M$715M$802M$835M
Total noninterest income$2.7B$2.6B$2.7B$2.8B$2.9B$3B
Total revenue$3.4B$3.3B$3.4B$3.5B$3.7B$3.8B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of capitalized software and acquired intangible assets$54M$54M$56M$56M$57M$57M
Stock options excluded as their inclusion would be anti-dilutive (in shares)—0———0
Number of securities in loss position—————1597.00
Bank operations—$13M———$10M
Business Exit Costs1—————$1M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation—$1.5B———$2.1B
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months—————$27M
Derivatives—-$82M———$40M
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge—$81M———-$40M
Dividends declared (in dollars per share)$0.76$0.76$0.76$0.84$0.84$0.84
Communications And Information Technology$480M$497M$523M$517M$557M$637M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$952M———$525M
Revenue recognized that was included in deferred income at the beginning of the period—————$52M
Debt securities, available-for-sale, gain (loss)—————$1M
AFS transferred to HTM—-$66.8M-$66.8M-$66.8M-$66.8M-$253M
Deferred taxes$88M$18M-$82M$0-$26M$28M
Derivative, Fair Value Hedge, Included in Effectiveness, Gain (Loss)—-$210M———-$105M
Dividends and undistributed earnings allocated to participating securities—$1M———$1M
Dividends, Common Stock—$220M———$233M
Dividends, Common Stock, Cash—$220M———$233M
Dividends, Preferred Stock, Cash—$46M———$58M
Donations—$4M———$0
Foreign exchange trading services$360M$337M$431M$416M$405M$435M
Software services—$158M———$169M
Management fees$576M$587M$562M$612M$662M$724M
Software services$259M$158M$230M$227M$221M$169M
Securities finance$118M$114M$126M$138M$127M$116M
Servicing fees$1.3B$1.3B$1.3B$1.4B$1.4B$1.4B
Provision for credit losses$12M$12M$30M$9M$59M$16M
Amount of foreign currency translation increase (decrease)—$8.8M$8.8M$8.8M$8.8M-$6M
Purchase accounting adjustments, intangible assets—$8.5M$8.5M$8.5M$8.5M—
Floor Brokerage Exchange And Clearance Fees$245M$258M$260M$276M$256M$283M
Goodwill Additions—$60.8M$60.8M$60.8M$60.8M$2M
Translation and other—$56.3M$56.3M$56.3M$56.3M-$40M
Income Taxes Paid, Net$106M$186M$183M$82M$143M$92M
Change in collateral deposits, net-$2.3B-$1.7B-$11.4B$11.2B$8.5B-$5.7B
Net increase in all other deposits$9.9B$7.5B$15.6B——$20.1B
Increase (Decrease) in Other Operating Assets-$1.5B$1.8B$919M$2M$0$4.7B
Other liabilities—$545M$2.1B-$2.7B-$1.2B$1.6B
Increase (Decrease) in Other Receivables—$247M$308M——$313M
Increase (Decrease) in Time Deposits—$2.7B-$4.6B—-$2.3B-$1.1B
Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI-$34M-$25M$47M$93M—$15M
Interest and Dividend Income, Operating$3B$2.9B$3.1B$2.9B$2.7B$2.7B
Interest And Fee Income Loans And Leases Held In Portfolio—$557M———$543M
Other interest-earning assets—$466M———$346M
Interest Expense, Deposits—$1.6B———$1.4B
Interest Expense, Long-Term Debt—$297M———$286M
U.S. Treasury securities sold, not yet purchased—$51M———$2M
Trading account assets—$0———$1M
Interest Income, Deposits with Financial Institutions—$768M———$696M
Interest Income (Expense), Operating$749M$714M$729M$715M$802M$835M
Interest Income, Investment Securities—$966M———$913M
Investment securities available-for-sale—$724M———$706M
Investment securities held-to-maturity—$242M———$207M
Interest Income Operating—$2.9B———$2.7B
Securities purchased under agreements to resell—$165M———$152M
Interest Paid, Excluding Capitalized Interest, Operating Activity$2.4B$2.1B$2.4B$2.3B$2B$1.8B
Number of loans and leases segments—————2.00
Marketable Securities Unrealized Gain Loss—————-$4.4B
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$17.6B$13.7B$8.2B——$18.6B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$11B-$14.6B-$384M——-$4.4B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation-$7.4B$2.4B-$8.4B$7.9B$10B-$12.1B
Net (Decrease) Increase in Other Short-Term Borrowings—$2B-$2B-$19M-$6B$159M
Net increase in securities purchased under resale agreements$1.7B-$1.3B-$304M——-$1.4B
Other non-cash adjustments for depreciation, amortization and accretion, net$65M$34M$61M$103M$133M$160M
Noninterest Expense$2.4B$2.5B$2.5B$2.4B$2.7B$2.8B
Total other income$66M$99M$66M$79M$59M$107M
Number of reportable segments—————2.00
Other comprehensive income/(loss) before reclassifications—$252M———-$272M
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax—$10M———-$6M
Cash flow hedges—$2M———-$37M
Unrealized gains (losses) on hedge instruments—$30M———-$4M
Cash flow hedges, Gain or (loss) reclassified from accumulated OCI into income—-$37M———-$26M
Other Comprehensive Income Loss Cash Flow Hedge Reclassification For Discontinuance Before Tax—————-$29M
Change in net unrealized gains (losses) on available-for-sale securities, taxes—$41M———-$54M
Other Comprehensive Income (Loss), Derivative, Before Reclassification And Tax—-$283M———$93M
Other Comprehensive Income (Loss), Derivative, Gain (Loss), Reclassification, before Tax—-$37M———-$26M
Foreign currency translation gains (losses)—$164M———-$107M
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax—-$78M———$30M
Change in unrealized gains (losses) on retirement plans, taxes—$2M———$1M
Net investment hedges—-$285M———$130M
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), Reclassification, before Tax—$0———$0
Other comprehensive income/(loss)—$308M———-$239M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax—-$3M———-$3M
Net unrealized gains (losses) on securities still held—$111M———-$131M
Other interest-bearing liabilities—$159M———$136M
Other Noncash Income (Expense)-$135M-$156M-$126M-$61M-$67M-$237M
Other income, net—$0$0$1M$3M$1M
Other Restructuring Costs—————$9M
Payment for (Proceeds from) Other Investing Activity$235M$103M-$258M-$96M-$393M-$59M
Payments for Repurchase of Common Stock$550M$100M$300M$400M$400M$400M
Payments for Restructuring—$14M———$40M
Payments of Dividends$278M$266M$283M$275M$296M$293M
Payments to Acquire Debt Securities, Available-for-Sale$11.9B$18.4B$13.8B$9.5B$8.6B$13.9B
Payments to Acquire Loans and Leases Held-for-investment—$1.3B———$2.9B
Payments to Acquire Other Investments—$47M———$156M
Payments to Acquire Property, Plant, and Equipment$249M$226M$319M$243M$267M$270M
Pre-tax margin—25.0%———26.0%
Debt issued (Note 13)$4.5B$2.7B$2B$0$994M$123M
Proceeds from issuance of preferred stock—$743M———$0
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities$1.6B$2.3B$2.4B$2.4B$2.8B$1.4B
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$5.2B$8.8B$7.4B$7.6B$5.1B$5.3B
Proceeds From Payments For In Interest Bearing Deposits In Banks—-$6.5B———$3.4B
Financing — other-$4M-$6M-$4M-$3M-$7M-$5M
Sale of investments$2.6B$2B$5.5B$2.4B$6.1B$3.9B
Loans$23M$85M$66M$37M$880M$132M
Gross realized gains (losses)-$19.8M$0——$3M$1M
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent—-$56M———-$33M
Regulatory fees and assessments—$13M———$12M
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security$2B$1.3B$1B$1.3B$504M$5M
Repurchases Of Common Stock For Employee Tax Withholding$15M$57M$14M$16M$19M$85M
Restructuring Reserve Accrual Adjustment1—$0———$89M
Securities processing—$4M———$10M
Net increase (decrease) in securities sold under repurchase agreements$1.6B-$157M-$1.1B-$2.2B—$128M
Segment Reporting, Other Segment Item, Amount—$433M———$450M
Issuance of common stock in connection with the Spin-Off and reclassification of net parent investment—$743M————
Stock Issued During Period, Value, Stock Options Exercised—$37M———$71M
Effect of dilutive securities: equity-based awards (in shares)—4.2M———4.4M
Stockholders' Equity, Other—$0———$0
Average assets (in billions)—$337.3B———$351.7B
Total Purchase Price—$100M———$404M
Change in fair value of interest rate swap—-$4.6B———$4.4B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total interest expense (banking)—$135M———$39M