How does State Street (STT) make money?

State Street (STT) generates revenue primarily from Investment Servicing, which accounted for 80.9% of total revenue in TTM through Q2 2026. The company reported $23B in revenue and converted 15% of it into net profit, equivalent to roughly $3.46B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of State Street (STT)?

State Street (STT) reported a gross profit margin of 65.3% in TTM through Q2 2026, equivalent to $15B in gross profit on $23B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of State Street (STT)?

State Street (STT) reported an operating profit margin of 19% in TTM through Q2 2026, equivalent to $4.38B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of State Street (STT)?

State Street (STT) reported a net profit margin of 15% in TTM through Q2 2026, equivalent to $3.46B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is State Street (STT) profitable?

Yes. State Street (STT) reported $3.46B in net income for TTM through Q2 2026, with a net profit margin of 15%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does State Street (STT) spend on capital expenditures?

State Street (STT) spent $630M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 2.7% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does State Street (STT) generate?

State Street (STT) generated -$11.9B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of -51.6%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of State Street (STT)?

State Street (STT) had an effective tax rate of 21.1% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of State Street (STT)?

State Street (STT) reports revenue across 3 reportable product segments, led by Investment Servicing at 80.9% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How State Street Makes Money: 2026 Visual Revenue Map

State Street (STT) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 16, 2026).

State Street discloses geographic revenue only in annual filings. to view the full breakdown.

State Street (STT) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for State Street (STT), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Investment Servicing	$18.6B	80.9%
Investment Management	$4.33B	18.8%
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment	$70.2M	0.3%
Total	$23B	100%

Investment Servicing$18.6B
Investment Management$4.33B
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment$70.2M
Total$23B

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, State Street (STT) reports revenue across 3 reportable product segments; the largest segment was Investment Servicing at 80.9%, followed by Investment Management (18.8%) and Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment (0.3%).

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