State Street STT Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Total Revenue by Business | |||||
| Investment Management | $2.63B+12.4% | $2.34B+12.7% | $2.08B+2.9% | $2.02B-4.9% | |
| Investment Servicing | $11.33B+6.3% | $10.66B+4.9% | $10.16B+0.2% | $10.14B+3.5% | |
| Total other income by Business | |||||
| Investment Management | $0— | —— | $0— | $0— | |
| Investment Servicing | $4M— | —— | $0+100% | -$2M-100% | |
| Net Interest Income by Business | |||||
| Investment Management | $15M-37.5% | $24M+26.3% | $19M+371% | -$7M+50.0% | |
| Investment Servicing | $2.95B+1.6% | $2.9B+5.8% | $2.74B+7.4% | $2.55B+32.9% | |
| Other by Business | |||||
| Investment Management | $904M+7.5% | $841M+12.7% | $746M+12.9% | $661M— | |
| Investment Servicing | $1B-3.8% | $1.04B+0.6% | $1.04B+1.5% | $1.02B— | |
| Noninterest Income by Business | |||||
| Investment Management | $2.62B+12.9% | $2.32B+12.6% | $2.06B+3.4% | $1.99B-6.6% | |
| Investment Servicing | $8.38B+8.1% | $7.76B+4.5% | $7.42B-2.2% | $7.59B-3.7% | |
| Income before income tax expense by Business | |||||
| Investment Management | $859M+24.7% | $689M+27.8% | $539M-8.6% | $590M-12.5% | |
| Investment Servicing | $3.22B+11.1% | $2.89B+7.1% | $2.7B-5.5% | $2.86B+8.0% | |
| Pre-tax margin by Business | |||||
| Investment Management | 97.6%+11.4pp | 86.2%— | —— | 90%-3.0pp | |
| Investment Servicing | 83%+3.4pp | 79.6%-0.4pp | 80%-3.0pp | 83%— | |
| Other fee revenue by Business | |||||
| Investment Management | $27M-22.9% | $35M0.0% | $35M— | —— | |
| Investment Servicing | $276M+46.8% | $188M+29.7% | $145M+215% | $46M-22.0% | |
| Noninterest Expense by Business | |||||
| Investment Management | $1.78B+7.3% | $1.66B+7.5% | $1.54B+10.3% | $1.4B-3.4% | |
| Investment Servicing | $8.06B+4.8% | $7.69B+3.7% | $7.41B+2.1% | $7.26B+1.1% | |
| Securities finance by Business | |||||
| Investment Management | $24M+4.3% | $23M-4.2% | $24M+26.3% | $19M+35.7% | |
| Investment Servicing | $481M+15.9% | $415M+3.2% | $402M+1.3% | $397M-1.2% | |
| Software services by Business | |||||
| Investment Management | $0— | $0— | $0— | $0— | |
| Investment Servicing | $860M-3.2% | $888M+9.5% | $811M+2.8% | $789M+6.9% | |
| Foreign exchange trading services by Business | |||||
| Investment Management | $145M+5.1% | $138M+10.4% | $125M+52.4% | $82M+32.3% | |
| Investment Servicing | $1.44B+15.5% | $1.25B+9.5% | $1.14B-10.3% | $1.27B+10.6% | |
| Acquisitions by Business | |||||
| Investment Management | $0— | $0— | —— | $0— | |
| Investment Servicing | $243M+25.3% | $194M— | —— | —— | |
| Finite-Lived Intangible Assets, Net by Business | |||||
| Investment Management | $88M-16.2% | $105M-25.5% | $141M-37.6% | $226M-28.3% | |
| Investment Servicing | $3.87B-16.3% | $4.62B-15.6% | $5.47B-13.0% | $6.28B-14.2% | |
| Compensation and employee benefits expenses by Business | |||||
| Investment Management | $604M+9.0% | $554M+6.5% | $520M+8.8% | $478M— | |
| Investment Servicing | $4.22B+3.5% | $4.08B+1.1% | $4.03B+3.5% | $3.9B— | |
| Average assets (in billions) by Business | |||||
| Investment Management | $10.5B+11.7% | $9.4B+194% | $3.2B0.0% | $3.2B0.0% | |
| Amortization of other intangible assets by Business | |||||
| Investment Management | $7M— | —— | $22M+4.8% | $21M-12.5% | |
| Investment Servicing | $216M— | —— | $217M0.0% | $217M-1.8% | |
| Foreign currency translation by Business | |||||
| Investment Management | $0— | $0— | $0— | $0— | |
| Servicing fees by Business | |||||
| Investment Management | $0— | $0— | $0— | $0— | |
| Investment Servicing | $5.32B+6.1% | $5.02B+1.9% | $4.92B-3.2% | $5.09B-8.0% | |
| Transaction processing services by Business | |||||
| Investment Management | $176M+1.1% | $174M-3.3% | $180M+11.1% | $162M— | |
| Investment Servicing | $874M+6.1% | $824M+6.0% | $777M-4.0% | $809M— | |
| Provision for Credit Losses by Business | |||||
| Investment Management | $0— | $0— | $0— | $0— | |
| Investment Servicing | $59M-21.3% | $75M+63.0% | $46M+130% | $20M+161% | |
| Goodwill by Business | |||||
| Investment Management | $1.07B+1.1% | $1.06B0.0% | $1.06B+0.6% | $1.05B-2.1% | |
| Investment Servicing | $30.69B+3.0% | $29.8B+2.4% | $29.12B+0.9% | $28.84B-2.1% | |
| Information systems and communications by Business | |||||
| Investment Management | $91M+5.8% | $86M-8.5% | $94M-1.1% | $95M— | |
| Investment Servicing | $1.96B+12.5% | $1.74B+11.2% | $1.57B+2.1% | $1.54B— | |
| All other revenue by Product | |||||
| Account Servicing | $0— | $0— | $0— | $0— | |
| Foreign exchange trading services | $3M-80.0% | $15M-92.1% | $190M-61.0% | $487M— | |
| Management fees | $0— | $0— | $0— | $0— | |
| Other fee revenue | $0-100% | $66M+13.8% | $58M+514% | -$14M— | |
| Securities finance | $0— | $0-100% | $56M-36.4% | $88M— | |
| Software services | $0— | $0-100% | $47M-53.0% | $100M— | |
| Topic 606 revenue by Product | |||||
| Account Servicing | $5.32B+40.5% | $3.79B-38.7% | $6.18B-20.3% | $7.75B— | |
| Foreign exchange trading services | $1.59B+48.5% | $1.07B-22.4% | $1.38B-14.0% | $1.6B— | |
| Management fees | $2.42B+50.1% | $1.61B-30.9% | $2.34B-20.8% | $2.95B— | |
| Other fee revenue | $303M+26.8% | $239M+32.8% | $180M+18,100% | -$1M— | |
| Securities finance | $505M+47.7% | $342M-29.8% | $487M-8.3% | $531M— | |
| Software services | $836M+22.8% | $681M-30.9% | $985M-8.6% | $1.08B— | |
| Percentage of consolidated revenues by segment by Product | |||||
| Investment Servicing and Management Services | 70%0.0pp | 70%-10.0pp | 80%0.0pp | 80%0.0pp | |
| Processing and Other Services | 30%0.0pp | 30%0.0pp | 30%0.0pp | 30%0.0pp | |
| Total Revenue by Geography | |||||
| Non-U.S. | $5.94B+8.2% | $5.49B+7.7% | $5.1B-1.7% | $5.18B-4.1% | |
| U.S. | $8.01B+6.6% | $7.52B+9.7% | $6.85B-1.7% | $6.97B+5.1% | |
| Income before income tax expense by Geography | |||||
| Non-U.S. | $1.49B+9.5% | $1.36B+29.5% | $1.05B-22.6% | $1.36B-14.3% | |
| U.S. | $2.24B+10.2% | $2.03B+56.2% | $1.3B-33.9% | $1.97B+24.2% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does State Street break its business down?
- State Street (STT) reports total revenue by business across 2 parts — Investment Management and Investment Servicing. Each is extracted from the segment footnotes and tracked over time.
- Where does State Street's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in State Street's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
