How does State Street (STT) make money?

State Street (STT) generates revenue primarily from Investment Servicing, which accounted for 78.9% of total revenue in TTM through Q1 2026. The company reported $22.75B in revenue and converted 13.5% of it into net profit, equivalent to roughly $3.06B 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 63.3% in TTM through Q1 2026, equivalent to $14.39B in gross profit on $22.75B 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 17% in TTM through Q1 2026, equivalent to $3.88B 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 13.5% in TTM through Q1 2026, equivalent to $3.06B 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 $3.06B in net income for TTM through Q1 2026, with a net profit margin of 13.5%. 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 $630.00M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 2.8% 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 −$11.85B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -52.1%. 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% in TTM through Q1 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 4 reportable product segments, led by Investment Servicing at 78.9% of total revenue in TTM through Q1 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.

Where does State Street (STT) generate most of its revenue?

UNITED STATES is the largest geographic market for State Street (STT), accounting for 57.1% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How State Street Makes Money: 2026 Visual Revenue Map

State Street (STT) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 29, 2026).

State Street (STT) Revenue by Product Segment — TTM through Q1 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) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Investment Servicing	$17.95B	78.9%
Investment Management	$4.72B	20.7%
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment	$52.41M	0.2%
Processing Services and Other	$29.95M	0.1%
Total	$22.75B	100%

Investment Servicing$17.95B
Investment Management$4.72B
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment$52.41M
Processing Services and Other$29.95M
Total$22.75B

State Street (STT) Revenue by Geography — TTM through Q1 2026

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

Revenue contribution by geographic region for State Street (STT), TTM through Q1 2026
Region	Revenue (USD)	% of total
UNITED STATES	$10.13B	57.1%
Non-US	$7.61B	42.9%
Total	$17.74B	100%

UNITED STATES
Non-US
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, State Street (STT) reports revenue across 4 operating segments; the largest segment was Investment Servicing at 78.9%, followed by Investment Management (20.7%) and Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment (0.2%). Separately, by end-market geography, UNITED STATES accounted for 57.1% of revenue, followed by Non-US (42.9%).

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