State Street (STT) stock
Financials · Asset Management & Custody Banks
State Street (STT) is an Asset Management & Custody Banks company in the Financials sector, headquartered in Boston, Massachusetts. As of October 23, 2026, STT closed at $167.83, a market capitalization of $45.79 billion, the 250th largest company in the S&P 500. Over the last twelve months it generated $15.50 billion in revenue (+13% year over year) and $2.02 billion in free cash flow. The stock trades at 13.7x trailing earnings and 10.8x forward earnings.
- 1-year total return: +49.9% (dividends reinvested)
- 5-year return: +14.6% a year
- 52-week range: $111.63 – $195.93
- Gross margin 0.0%, operating margin 34.6%
- Dividend yield: 2.19%, 15 straight years of increases
- FI Handbook report card: B across 9 metrics
- 40th largest of 76 Financials stocks in the S&P 500
STT price chart
1Y price change: +46.4% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| STT | -6.2% | +33.2% | +49.9% | +41.9% | +14.6% | +12.2% | +17.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
STT key statistics
- Market cap
- $45.8B
- #250 in S&P 500
- P/E (TTM)
- 13.7x
- Forward P/E
- 10.8x
- EPS (TTM)
- $12.24
- Revenue (TTM)
- $15.5B
- +13%
- Free cash flow
- $2.0B
- Gross margin
- 0.0%
- Operating margin
- 34.6%
- Return on equity
- 13.1%
- Dividend yield
- 2.19%
- 52-week range
- $111.63 – $195.93
- Beta
- 1.42
- Price / sales
- 3.0x
- EV / EBITDA
- —
- Debt / equity
- —
- Employees
- 51,119
STT report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth13.3%B
- Gross margin0.0%F
- Operating margin34.6%A
- FCF margin13.0%C
- Return on equity13.1%C
- Net debt / EBITDA——
- Forward P/E10.8xA
- PEG ratio0.7xA
- Shareholder yield4.8%B
- Share count change / yr-4.1%A
State Street financials
Revenue went from $10.2B in fiscal 2016 to $13.9B in fiscal 2025, growing 3.5% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.2B | $11.3B | $12.1B | $11.8B | $11.7B | $12.0B | $12.1B | $11.9B | $13.0B | $13.9B |
| Net income | $2.1B | $2.2B | $2.6B | $2.2B | $2.4B | $2.7B | $2.8B | $1.9B | $2.7B | $2.9B |
| EPS (diluted) | $4.97 | $5.19 | $6.39 | $5.38 | $6.32 | $7.19 | $7.19 | $5.58 | $8.21 | $9.40 |
| Free cash flow | $1.7B | $6.3B | $9.6B | $5.0B | $3.0B | -$7.5B | $11.2B | -$126.0M | -$14.1B | $10.8B |
| Buybacks | $1.4B | $1.3B | $350.0M | $1.6B | $515.0M | $900.0M | $1.5B | $3.8B | $1.3B | $1.2B |
| Dividends paid | $723.0M | $768.0M | $828.0M | $930.0M | $889.0M | $866.0M | $972.0M | $970.0M | $1.0B | $1.1B |
| Diluted shares | 396.1M | 380.2M | 376.5M | 373.7M | 357.1M | 358.0M | 370.1M | 326.6M | 302.2M | 289.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into STT?
A reverse DCF asks what growth the current price requires. With an enterprise value of -$79.1B and $2.0B of trailing free cash flow, State Street needs to grow free cash flow at a rate outside our model for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 29.5% a year over the last five years.
P/E ratio history
Current 17.9x vs. median 13.8x (10th–90th percentile 10.0x–18.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
STT dividend
- Dividend yield
- 2.19%
- Annual dividend
- $3.68
- Years of increases
- 15
- 5-yr dividend growth
- 8.4%
- per year
- Payout ratio
- 30%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
STT earnings
Next report: January 15, 2027. State Street has beaten EPS estimates 8 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 14, 2026 | $3.68 | $3.69 | +0.4% |
| Jul 16, 2026 | $3.34 | $3.65 | +9.2% |
| Apr 17, 2026 | $2.64 | $2.84 | +7.5% |
| Jan 16, 2026 | $2.84 | $2.97 | +4.8% |
| Oct 17, 2025 | $2.65 | $2.78 | +5.0% |
| Jul 15, 2025 | $2.36 | $2.53 | +7.1% |
| Apr 17, 2025 | $2.01 | $2.04 | +1.7% |
| Jan 17, 2025 | $2.44 | $2.60 | +6.5% |
Stocks like STT
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 BLK BlackRock | -1.67% | +2% | $181.7B | 25.5x | Compare |
 BX Blackstone | -0.66% | -21% | $141.0B | 26.3x | Compare |
 BNY Bank of New York Mellon Cor | -0.03% | +39% | $97.8B | 16.1x | Compare |
 KKR KKR | -1.88% | -24% | $84.4B | 29.2x | Compare |
 APO Apollo Global Management | -1.74% | -7% | $66.6B | 40.4x | Compare |
 AMP Ameriprise Financial | -0.93% | +4% | $43.5B | 11.9x | Compare |
 ARES Ares Management | -1.31% | -14% | $40.5B | 56.3x | Compare |
 NTRS Northern Trust | +1.27% | +37% | $30.7B | 13.2x | Compare |
STT news
- Looking Beyond the S&P 500? These 2 International ETFs Offer Very Different Opportunities · Oct 24, 2026
- State Street: 3 Key Takeaways for Long-Term Investors · Oct 18, 2026
- State Street (STT) Q3 Earnings Impress But Stock Price Stays Cautious · Oct 16, 2026
- Stocks making big moves yesterday: Cullen/Frost Bankers, Bank of America, State Street, Hewlett Packard Enterprise, and IonQ · Oct 15, 2026
- State Street (STT) Q3 2026 Earnings Call Transcript · Oct 15, 2026
STT stock FAQ
What is STT's market cap?
State Street's market capitalization is $45.79 billion as of October 23, 2026, ranking 250th in the S&P 500.
What is STT's P/E ratio?
STT trades at a trailing price-to-earnings ratio of 13.7x and a forward P/E of 10.8x. Its median P/E over the period we track is 13.8x.
Does STT pay a dividend?
Yes. State Street pays $3.68 per share a year, a 2.19% yield. It has raised its dividend 15 years in a row. Dividends grew 8.4% a year over the last five years.
How much has STT stock returned?
Including reinvested dividends, STT returned +49.9% over one year, +14.6% a year over five years, +12.2% a year over ten years through October 23, 2026.
When does STT report earnings?
State Street is expected to report earnings on January 15, 2027. It has beaten EPS estimates 8 quarters in a row.
How many employees does State Street have?
State Street has about 51,119 full-time employees, or $303,116 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology