Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of State Street Corp

STT · NYSE · Financial

Fundamental quality

REASONABLE

72

out of 100

State Street Corp earns a fundamental-quality score of 72 out of 100, profiling it as a company of reasonable quality. Its score rests mainly on its financial strength (FCF margin 13.4%). Its weakest area is its growth (revenue +4.7%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

State Street is one of the world's large custody banks: it safekeeps and administers assets for institutional investors, and it also owns the 'SPDR' ETFs (like the famous one that tracks the S&P 500). It's not a retail bank.

What will shape its future

  • Assets under custody and management, tied to how markets perform.
  • Its asset-management and ETF business, competing with giants like BlackRock and Vanguard.
  • Pressure on fees, a scale business with thin margins.

Breakdown by area

I.Growth
54

EPS growth: 11.2% · Revenue growth: 4.7%

II.Profitability
79

Net margin: 23% · ROE: 12.2%

III.Financial health
83

FCF: 13.4%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 71 Financial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 64%
ROEbeats 39%
Growthbeats 19%
Cash generationbeats 30%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Why isn't a bank measured like other companies? Read the how to analyze a bank guide.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

State Street Corp strengths

  • High net margin (23%): the business is clearly profitable.
  • Strong free-cash-flow generation (FCF margin of 13.4%): profit turns into real cash.
  • Growing earnings per share (11.2% annualized).

State Street Corp risks and weaknesses

  • Erratic free cash flow, with several years in the red.

State Street Corp historical evolution

YearRevenueNet incomeFree cash flowNet debt
202011,7032,4202,972-3,467
202112,0272,693-7,521-3,631
202212,1482,77411,220-3,970
202311,9451,944-126-4,047
202413,0002,687-14,136-3,145
202513,9442,94510,843-4,433

Between 2020 and 2025, revenue went from $11,703M to $13,944M (+19%) and net income went from $2,420M to $2,945M (+22%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+16.5%
  • Net income+38.2%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score5272
  • Net margin21.2%23%
  • ROE11%12.2%
  • FCF margin-25.9%13.4%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$3.88

per share, yearly

38% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is State Street Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is State Street Corp a good company to invest in?

In terms of business quality, State Street Corp scores 72 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is State Street Corp a profitable company?

Very. State Street Corp shows a net margin of 23% and an ROE of 12.2%, typical of a highly profitable business.

Is State Street Corp growing?

Its revenue has grown 4.7% annualized in recent years and its earnings per share 11.2%.

Does State Street Corp generate cash?

Yes. It converts about 13.4% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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