STT
State Street Corporation127.15
-1.80-1.4%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Guidance details, organic growth baked in.
Q&A elaborated 2026 guidance conservatism under flat markets, embedding 2-4% organic growth in servicing and management fees while noting software transition headwinds. Management detailed NII upside from terminated hedge runoffs (2bps/quarter) and balance sheet tweaks—trimming wholesale funding, thin loans—targeting stable $150B deposits. Digital assets emerged as tokenization bridges between tradfi and rails, promising medium-term P&L lift. Software hits SaaS tipping point; few on-prem renewals loom. No contradictions. Confident on AI ramp. Watch NIM path, return frame later.
Key Stats
Market Cap
36.07BP/E (TTM)
13.50Basic EPS (TTM)
9.42Dividend Yield
0.02%Recent Filings
8-K
10-K
FY2025 results
State Street closed FY2025 with AUC/A at $53.80T (up 16% y/y) and AUM at $5.67T (up 20% y/y), fueled by market gains and $2.12T in new servicing mandates. Total revenue hit $13.94B (up 7% y/y), with fee revenue up 8% on servicing (+6%), management fees (+13%), FX trading (+15%) and securities finance (+15%); NII edged 1% higher on 11% asset growth despite 10bps NIM compression to 1.00%. Expenses rose 7% to $10.15B amid $326M repositioning charges, yet pre-tax margin expanded to 26.8%. Q4 accelerated with strong client flows. CET1 strengthened to 11.6%; $2.1B returned via buybacks and dividends. Intense competition pressures pricing.
8-K
Q4 revenue up 7%, charges sting
State Street posted Q4 revenue of $3.7B, up 7% YoY on record $53.8T AUC/A and $5.7T AUM, fueled by market gains and $85B net inflows. Expenses climbed 12% to $2.7B from $226M repositioning charges—workforce cuts, real estate tweaks—yet ex-notables delivered 105bps operating leverage and 30.7% pre-tax margin. Charges hit hard.
10-Q
Q3 FY2025 results
State Street posted Q3 revenue of $3.5B, up 9% y/y on 8% fee growth from servicing (+7%), management fees (+16%), FX trading (+11%), and securities finance (+19%), while NII dipped 1% y/y. Expenses rose 5% y/y to tech investments and revenue costs, driving pre-tax income up 19% y/y to $1.1B with margins expanding to 31.1%; diluted EPS hit $2.78, up 23% y/y on share buybacks. AUC/A reached $51.66T (+10% y/y), AUM $5.45T (+15% y/y) on markets and flows; deposits swelled to $280B with CET1 at 11.3%. Returned $637M to shareholders. Intense competition pressures pricing and market share.
8-K
State Street redeems $500M notes
State Street Corporation announced on October 29, 2025, the full redemption of its $500,000,000 5.751% Fixed-to-Floating Rate Senior Notes due 2026, set for November 4, 2025, at 100% of principal plus accrued interest. The company will fund this using cash on hand, ceasing interest accrual post-redemption. This move streamlines State Street's debt profile ahead of maturity. No risks beyond standard redemption terms disclosed.
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