NYSE$STT

State Street Corp · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

State Street reported Q4 2024 earnings with EPS of $2.46, or $2.60 excluding notable items, and total revenue up 12%.

State Street reported a strong fourth quarter in 2024, with a 12% increase in total revenue driven by fee revenue growth and net interest income. The company achieved positive fee and total operating leverage, with a pre-tax margin of 28% (30% ex-notables). New AUC/A wins exceeded $1 trillion, and the company met its full-year Servicing fee revenue wins goal.

  • Total revenue increased by 12%, driven by higher fee revenue and net interest income.
  • Fee revenue increased by 13%, reflecting broad-based strength across the entire franchise.
  • New AUC/A wins in Investment Services exceeded $1 trillion.
  • Investment Management achieved record Management fees and $64 billion of quarterly net inflows.

Headline financials

Total Revenue

$3.41B

Previous: $3.04B+12.1%
EPS (adj)

$2.60

Previous: $2.04+27.5%
Capital Expenditures

-$288M

Previous: $329M-187.5%
Net Income

$783M

Previous: $210M+272.9%
Operating Income

$972M

Previous: $221M+339.8%

Revenue & EPS history

State Street · Revenue · Quarterly

$3.41B

Q4 2024+12.1%vs Q4 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

State Street · $2.32B total across 5 segments · Q3 2023

  • Servicing Fees
    $1.23B+1.2%
  • Management Fees
    $479M+1.5%
  • FX Trading Services
    $313M-1.9%
  • Software & Processing
    $188M+2.2%
  • Securities Finance
    $103M-6.4%

Forward guidance

State Street remains intensely focused on executing against its strategic priorities to drive sustainable growth while also maintaining expense discipline and generating and returning capital to its shareholders.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.9%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+1.8%

Avg return

30 days after

41%

30 / 73 earnings

Positive

+12.2%

Q2 2016

Best reaction

-14.1%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-6.1%+7.4%+7.7%
Q1 2026-0.9%+7.4%+7.7%
Q3 2025-1.5%+0.2%+3.4%
Q2 2025+1.9%-0.3%+0.8%
Q1 2025+2.0%+5.3%+23.4%
Q4 2024-1.5%-3.3%-1.3%
Q3 2024+2.1%+0.5%+3.6%
Q2 2024+8.1%+7.0%+2.0%
Q1 2024+1.4%-1.5%+3.6%
Q4 2023+0.0%-0.6%-2.4%
Q3 2023-1.3%-4.5%+4.4%
Q2 2023-14.1%-10.4%-4.9%
Q1 2023-6.4%-8.0%-14.5%
Q4 2022+7.1%+9.5%+14.3%
Q3 2022+1.2%+8.3%+16.8%
Q2 2022+8.6%+11.9%+25.2%
Q1 2022-10.2%-9.6%-16.5%
Q4 2021-6.7%-7.1%-7.5%
Q3 2021+4.7%+7.2%+3.7%
Q2 2021-2.9%+3.9%+10.8%
Q1 2021-6.5%-7.4%+0.3%
Q4 2020-0.7%-3.9%-3.2%
Q3 2020-3.9%-4.4%+2.3%
Q2 2020-6.4%-4.8%+9.3%
Q1 2020-0.5%-1.8%-7.0%
Q4 2019+0.2%-0.7%-4.1%
Q3 2019+9.5%+10.4%+21.5%
Q2 2019+5.2%+5.9%-10.8%
Q1 2019-5.4%-3.9%-16.1%
Q4 2018-0.6%-0.3%-0.5%
Q3 2018-11.2%-15.6%-10.1%
Q2 2018-6.2%-6.0%-8.4%
Q1 2018-1.8%-3.2%-4.7%
Q4 2017+3.4%+1.8%-5.8%
Q3 2017-2.7%-5.7%-6.5%
Q2 2017+1.1%+0.7%+1.0%
Q1 2017+5.1%+4.1%+1.7%
Q4 2016-4.9%+2.3%+3.1%
Q3 2016-0.1%-1.0%+10.7%
Q2 2016+12.2%+13.1%+18.4%
Q1 2016+0.5%
Q4 2015-7.1%
Q3 2015-3.4%
Q2 2015-6.1%
Q1 2015-1.6%
Q4 2014-4.9%
Q3 2014+5.0%
Q2 2014+0.8%
Q1 2014-3.4%
Q4 2013-6.1%
Q3 2013-3.1%
Q2 2013-0.1%
Q1 2013+1.3%
Q4 2012+9.7%
Q3 2012+7.5%
Q1 2012-5.7%
Q2 2012-5.7%
Q4 2011+3.7%
Q3 2011+0.6%
Q2 2011-9.7%
Q1 2011+0.9%
Q4 2008-1.0%
Q4 2010-1.0%
Q3 2010+1.8%
Q2 2010-0.9%
Q4 2009-0.9%
Q1 2009+2.8%
Q1 2010+0.4%
Q4 2007-1.7%
Q3 2008+2.1%
Q3 2009+2.1%
Q2 2009-5.9%
Q2 2008-5.9%

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