0000093751-26-000124
SEC filingState Street Corporation reported total revenue of $13.94 billion for fiscal year 2025, driven primarily by fee revenue of $10.98 billion and net interest income of $2.96 billion. The company generated net income of $2.94 billion, with net income available to common shareholders of $2.72 billion. Earnings per share were $10 basic and $9 diluted. Total assets stood at $366.05 billion, with shareholders' equity of $27.84 billion. Operating cash flow was strong at $11.90 billion, while investing activities used $12.99 billion primarily for securities purchases and deposits. The company returned capital to shareholders through $1.12 billion in dividend payments and $1.20 billion in common stock repurchases. No prior year comparison data is provided in the source material.
State Street Corporation reported total revenue of $13.94 billion for fiscal year 2025, consisting of $10.98 billion in fee revenue and $2.96 billion in net interest income. Fee revenue breakdown includes servicing fees ($5.32B), management fees ($2.40B), foreign exchange trading services ($1.61B), securities finance ($505M), software and processing fees ($903M), and other fee revenue ($236M). The company generated net income of $2.94 billion after $786 million in income tax expense and $59 million in provision for credit losses. Net income available to common shareholders was $2.72 billion, with earnings per share of $10 basic and $9 diluted. Total expenses were $10.15 billion, led by compensation and employee benefits ($5.04B) and information systems and communications ($2.09B).
Revenue composition shows fee-based income as the dominant contributor at $10.98 billion (78.8% of total revenue), while net interest income contributed $2.96 billion (21.2%). Within fee revenue, servicing fees represented the largest component at $5.32 billion, followed by management fees at $2.40 billion. Foreign exchange trading services generated $1.61 billion, while securities finance, software and processing fees, and other fee revenue contributed smaller amounts. Interest income totaled $11.64 billion against interest expense of $8.68 billion, resulting in net interest income of $2.96 billion. Other income was minimal at $4 million from gains on sales of available-for-sale securities.
Income before income tax expense was $3.73 billion, representing a 26.8% pre-tax margin on total revenue of $13.94 billion. Net income margin was 21.1% ($2.94B net income / $13.94B revenue). The expense structure shows compensation and employee benefits as the largest cost at $5.04 billion (49.7% of total expenses), followed by information systems and communications at $2.09 billion (20.6%). Transaction processing services ($1.05B), occupancy ($487M), and other expenses ($1.49B) complete the cost profile. No prior period margin comparisons are available in the provided data.
Operating activities generated $11.90 billion in cash flow, starting from net income of $2.94 billion and including significant adjustments such as change in collateral deposits ($6.61B) and change in unrealized losses on foreign exchange derivatives (-$5.51B). Investing activities used $12.99 billion, primarily for purchases of available-for-sale securities ($50.24B) and net increase in interest-bearing deposits with banks (-$13.00B), partially offset by proceeds from security sales and maturities. Financing activities provided $2.38 billion, driven by net increase in all other deposits ($14.47B) and proceeds from long-term debt issuance ($5.72B), offset by various decreases in borrowings and capital returns. The balance sheet shows total assets of $366.05 billion, including interest-bearing deposits with banks ($126.93B) and other assets ($58.47B). Total liabilities were $338.21 billion, resulting in shareholders' equity of $27.84 billion.
No forward-looking statements, management guidance, strategic priorities, or specific risk factors are provided in the source material. The analysis is limited to the factual financial data presented in the 10-K filing for fiscal year 2025.