STTState Street Corporation

Financials · Banks · NYSE

State Street Corporation is one of the world’s leading providers of financial services to institutional investors, including investment servicing, markets and financing solutions and investment management. 10-K, Item 1

Headquarters: Boston, MA
CEO: Hanley Ronald P. O
Next results: around Jan 15, 2027

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STT and 9 peers, year by year

The 9 Financials companies closest to STT in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
STT State Street Corporation	FY2025	$13.9B	+7.3%	-	21.1%	77.8%	10.6%	0.90
BX Blackstone Inc.	FY2025	$14.5B	+9.2%	-	20.9%	31.5%	34.8%	1.45
WRB W. R. Berkley Corporation	FY2025	$14.7B	+7.8%	-	12.1%	-	18.3%	-
EG Everest Group	FY2025	$17.5B	+1.2%	-	9.1%	-	10.3%	-
SPGI S&P Global	FY2025	$15.3B	+7.9%	42.2%	29.2%	35.6%	14.4%	0.44
AJG Arthur J. Gallagher & Co.	FY2025	$13.9B	+20.7%	-	10.7%	-	6.4%	0.58
AFL Aflac	FY2025	$17.2B	−9.3%	-	21.2%	-	12.4%	-
PFG Principal Financial Group	FY2025	$15.6B	−3.1%	-	7.6%	-	10.0%	0.33
ICE Intercontinental Exchange	FY2025	$12.6B	+7.5%	39.0%	26.2%	33.9%	11.5%	0.72
RJF Raymond James Financial	FY2025	$15.9B	+6.6%	-	13.4%	14.1%	17.1%	0.06

Revenuepeer median $15.3B

Sales growthpeer median +7.5%

Operating margin

SPGI 42.2%
ICE 39.0%
STT -
BX -
WRB -
EG -
AJG -
AFL -
PFG -
RJF -

Net marginpeer median 13.4%

FCF marginpeer median 32.7%

STT 77.8%
SPGI 35.6%
ICE 33.9%
BX 31.5%
RJF 14.1%
WRB -
EG -
AJG -
AFL -
PFG -

Return on equitypeer median 12.4%

Debt / equitypeer median 0.51

BX 1.45
STT 0.90
ICE 0.72
AJG 0.58
SPGI 0.44
PFG 0.33
RJF 0.06
WRB -
EG -
AFL -

RevenueSales growthOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
STT Dec	$10.2B	$11.3B	$12.1B	$11.8B	$11.7B	$12.0B	$12.2B	$12.2B	$13.1B	$13.9B
BX Dec	$5.1B	$7.1B	$6.8B	$7.3B	$6.1B	$22.6B	$8.5B	$8.0B	$13.2B	$14.5B
WRB Dec	$7.7B	$7.7B	$7.7B	$7.9B	$11.2B	-	-	$12.1B	$13.6B	$14.7B
EG Dec	$5.8B	$6.6B	$7.4B	$8.2B	$9.6B	$11.9B	$12.1B	$14.6B	$17.3B	$17.5B
SPGI Dec	$5.7B	$6.1B	$6.3B	$6.7B	$7.4B	$8.3B	$11.2B	$12.5B	$14.2B	$15.3B
AJG Dec	$5.7B	$6.2B	$6.9B	$7.2B	$7.0B	$8.2B	$8.6B	$10.1B	$11.6B	$13.9B
AFL Dec	$22.6B	$21.7B	$21.8B	$22.3B	$22.1B	$21.6B	$19.1B	$18.7B	$18.9B	$17.2B
PFG Dec	$12.4B	$14.1B	$14.2B	$16.2B	$14.7B	$14.4B	$17.5B	$13.7B	$16.1B	$15.6B
ICE Dec	$6.0B	$5.8B	$6.3B	$6.5B	$8.2B	$9.2B	$9.6B	$9.9B	$11.8B	$12.6B
RJF Sep	$5.5B	$6.5B	$7.5B	$8.0B	$8.2B	$9.9B	$11.3B	$13.0B	$14.9B	$15.9B
Peer median	$5.8B	$6.6B	$7.4B	$7.9B	$8.2B	$10.9B	$11.2B	$12.5B	$14.2B	$15.3B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
STT Dec	−1.5%	+9.4%	+7.7%	−3.1%	−0.5%	+2.8%	+1.0%	−1.7%	+8.8%	+7.3%
BX Dec	+10.3%	+38.8%	−4.4%	+7.4%	−16.8%	+270%	−62.3%	−5.8%	+64.9%	+9.2%
WRB Dec	+6.2%	+0.4%	+0.1%	+2.7%	+18.1%	-	-	+8.7%	+12.3%	+7.8%
EG Dec	+2.1%	+14.0%	+11.2%	+11.8%	+16.6%	+23.6%	+1.6%	+21.0%	+18.5%	+1.2%
SPGI Dec	+6.5%	+7.1%	+3.2%	+7.0%	+11.1%	+11.5%	+34.8%	+11.8%	+13.7%	+7.9%
AJG Dec	+3.8%	+10.0%	+11.0%	+3.8%	−2.7%	+17.2%	+4.2%	+17.8%	+14.7%	+20.7%
AFL Dec	+8.1%	−4.0%	+0.4%	+2.5%	−0.7%	−0.2%	−11.2%	−2.3%	+1.2%	−9.3%
PFG Dec	+3.6%	+13.7%	+1.0%	+13.9%	−9.1%	−3.2%	+21.5%	−22.1%	+18.0%	−3.1%
ICE Dec	+34.8%	−2.1%	+7.4%	+4.3%	+25.9%	+11.2%	+5.1%	+2.8%	+18.8%	+7.5%
RJF Sep	+4.0%	+18.2%	+14.6%	+7.3%	+1.8%	+21.3%	+14.1%	+14.9%	+14.9%	+6.6%
Peer median	+6.2%	+10.0%	+3.2%	+7.0%	+1.8%	+14.4%	+4.6%	+8.7%	+14.9%	+7.5%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
STT Dec	-	-	-	-	-	-	-	-	-	-
BX Dec	-	-	-	-	-	-	-	-	-	-
WRB Dec	-	-	-	-	-	-	-	-	-	-
EG Dec	-	-	-	-	-	-	-	-	-	-
SPGI Dec	59.0%	42.6%	44.6%	48.2%	48.6%	50.9%	44.2%	32.2%	39.3%	42.2%
AJG Dec	-	-	-	-	-	-	-	-	-	-
AFL Dec	18.2%	18.9%	20.0%	20.0%	19.9%	22.9%	21.7%	-	-	-
PFG Dec	-	-	-	-	-	-	-	-	-	-
ICE Dec	36.4%	40.7%	41.2%	40.8%	36.8%	37.6%	37.8%	37.3%	36.6%	39.0%
RJF Sep	-	-	-	-	-	-	-	-	-	-
Peer median	36.4%	40.7%	41.2%	40.8%	36.8%	37.6%	37.8%	-	-	-

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
STT Dec	21.0%	19.1%	21.4%	19.1%	20.7%	22.4%	22.8%	15.9%	20.5%	21.1%
BX Dec	20.2%	20.6%	22.6%	27.9%	17.1%	25.9%	20.5%	17.3%	21.0%	20.9%
WRB Dec	7.9%	7.1%	8.3%	8.6%	12.4%	-	-	11.4%	12.9%	12.1%
EG Dec	13.7%	4.1%	−1.7%	9.3%	2.7%	11.6%	5.0%	17.3%	7.9%	9.1%
SPGI Dec	37.2%	24.7%	31.3%	31.7%	31.4%	36.4%	29.0%	21.0%	27.1%	29.2%
AJG Dec	7.0%	7.7%	9.1%	9.3%	11.7%	11.0%	13.0%	9.6%	12.7%	10.7%
AFL Dec	11.8%	21.2%	13.4%	14.8%	21.6%	19.6%	23.1%	24.9%	28.8%	21.2%
PFG Dec	10.6%	16.4%	10.9%	8.6%	9.5%	11.0%	27.1%	4.6%	9.7%	7.6%
ICE Dec	23.9%	43.2%	31.7%	29.5%	25.3%	44.3%	15.0%	23.9%	23.4%	26.2%
RJF Sep	9.6%	9.7%	11.5%	12.9%	10.0%	14.2%	13.3%	13.4%	13.9%	13.4%
Peer median	11.8%	16.4%	11.5%	12.9%	12.4%	16.9%	17.8%	17.3%	13.9%	13.4%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
STT Dec	$1.7B	$6.3B	$9.6B	$5.0B	$3.0B	−$7.5B	$11.2B	−$126.0M	−$14.1B	$10.8B
BX Dec	−$110.4M	−$1.7B	$27.4M	$1.9B	$1.8B	$3.9B	$6.1B	$3.8B	$3.4B	$4.5B
WRB Dec	$797.5M	$595.2M	$570.3M	$1.1B	-	-	-	-	-	-
EG Dec	-	-	-	-	-	-	-	-	-	-
SPGI Dec	$1.4B	$1.9B	$2.0B	$2.7B	$3.5B	$3.6B	$2.5B	$3.6B	$5.6B	$5.5B
AJG Dec	$431.8M	-	-	-	-	-	-	-	-	-
AFL Dec	-	-	-	-	-	-	-	-	-	-
PFG Dec	-	-	-	-	-	-	-	-	-	-
ICE Dec	$1.9B	$1.9B	$2.4B	$2.5B	$2.7B	$2.9B	$3.3B	$3.4B	$4.2B	$4.3B
RJF Sep	−$695.1M	−$315.0M	$750.0M	$439.0M	$3.9B	$6.6B	−$19.0M	−$3.7B	$1.9B	$2.2B
Peer median	$614.7M	$595.2M	$750.0M	$1.9B	$3.1B	$3.7B	$2.9B	$3.5B	$3.8B	$4.4B

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
STT Dec	16.4%	55.8%	78.9%	42.2%	25.4%	−62.5%	92.3%	−1.0%	−108.1%	77.8%
BX Dec	−2.1%	−23.1%	0.4%	25.9%	29.9%	17.4%	71.6%	47.8%	25.9%	31.5%
WRB Dec	10.4%	7.7%	7.4%	13.7%	-	-	-	-	-	-
EG Dec	-	-	-	-	-	-	-	-	-	-
SPGI Dec	25.5%	31.2%	31.2%	39.7%	46.9%	42.9%	22.5%	28.5%	39.2%	35.6%
AJG Dec	7.6%	-	-	-	-	-	-	-	-	-
AFL Dec	-	-	-	-	-	-	-	-	-	-
PFG Dec	-	-	-	-	-	-	-	-	-	-
ICE Dec	31.8%	31.9%	38.2%	38.3%	32.4%	32.1%	34.5%	33.8%	35.7%	33.9%
RJF Sep	−12.6%	−4.8%	10.0%	5.5%	48.3%	66.3%	−0.2%	−28.4%	13.1%	14.1%
Peer median	9.0%	7.7%	10.0%	25.9%	39.7%	37.5%	28.5%	31.2%	30.8%	32.7%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
STT Dec	10.1%	9.7%	10.5%	9.2%	9.2%	9.8%	11.0%	8.2%	10.6%	10.6%
BX Dec	-	-	24.2%	29.2%	15.7%	62.2%	22.8%	20.4%	33.8%	34.8%
WRB Dec	11.9%	10.1%	11.8%	11.2%	20.5%	-	-	18.5%	20.9%	18.3%
EG Dec	9.8%	3.3%	−1.6%	8.4%	2.7%	13.6%	7.1%	19.1%	9.9%	10.3%
SPGI Dec	n/m	n/m	n/m	n/m	n/m	148.8%	8.9%	7.7%	11.6%	14.4%
AJG Dec	11.0%	11.4%	14.1%	13.0%	13.2%	10.7%	12.2%	9.0%	7.3%	6.4%
AFL Dec	13.0%	18.7%	12.4%	11.4%	14.2%	24.8%	21.9%	21.2%	20.9%	12.4%
PFG Dec	12.9%	18.0%	13.6%	9.5%	8.4%	9.8%	47.7%	5.7%	14.2%	10.0%
ICE Dec	9.1%	14.9%	11.6%	11.2%	10.7%	17.9%	6.4%	9.2%	10.0%	11.5%
RJF Sep	10.8%	11.4%	13.5%	15.7%	11.5%	17.0%	16.0%	17.0%	17.7%	17.1%
Peer median	11.0%	11.4%	13.0%	11.3%	12.4%	17.4%	14.1%	17.0%	14.2%	12.4%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
STT Dec	0.54	0.52	0.45	0.51	0.53	0.49	0.60	0.79	0.92	0.90
BX Dec	-	-	1.63	1.65	0.86	0.83	1.63	1.70	1.40	1.45
WRB Dec	-	-	-	-	-	-	-	-	-	-
EG Dec	-	-	-	-	-	-	-	-	-	-
SPGI Dec	5.48	5.03	5.83	8.24	8.07	2.02	0.31	0.34	0.34	0.44
AJG Dec	0.17	0.07	0.09	0.12	0.02	0.03	0.04	0.06	0.01	0.58
AFL Dec	-	-	-	-	-	-	-	-	-	-
PFG Dec	0.31	0.25	0.29	0.26	0.26	0.27	0.41	0.37	0.37	0.33
ICE Dec	0.35	0.43	0.49	0.53	0.97	0.66	0.80	0.96	0.76	0.72
RJF Sep	-	-	-	-	-	0.00	0.00	-	-	0.06
Peer median	0.33	0.34	0.49	0.53	0.86	0.46	0.36	0.37	0.37	0.51

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
STT Dec	$4.97	$5.19	$6.39	$5.38	$6.32	$7.19	$7.19	$5.58	$8.21	$9.40
BX Dec	$1.56	$2.21	$2.26	$3.03	$1.50	$8.13	$2.36	$1.84	$3.62	$3.87
WRB Dec	$4.68	$2.84	$3.33	$3.52	$3.29	-	-	$3.37	$4.36	$4.45
EG Dec	$23.68	$11.70	$2.17	$24.70	$12.78	$34.62	$15.19	$60.19	$31.78	$37.80
SPGI Dec	$7.94	$5.78	$7.73	$8.60	$9.66	$12.51	$10.20	$8.23	$12.35	$14.66
AJG Dec	$2.22	$2.64	$3.40	$3.52	$4.20	$4.37	$5.19	$4.42	$6.50	$5.74
AFL Dec	$3.21	$5.77	$3.77	$4.43	$6.67	$6.25	$6.93	$7.78	$9.63	$6.82
PFG Dec	$4.50	$7.88	$5.36	$4.96	$5.05	$5.79	$18.63	$2.55	$6.68	$5.25
ICE Dec	$2.39	$4.25	$3.43	$3.42	$3.77	$7.18	$2.58	$4.19	$4.78	$5.77
RJF Sep	$3.65	$4.33	$5.75	$4.78	$3.88	$6.63	$6.98	$7.97	$9.70	$10.30
Peer median	$3.65	$4.33	$3.43	$4.43	$4.20	$6.90	$6.96	$4.42	$6.68	$5.77

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out STT and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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