State Street profit margin STT
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 23.0%
- Net margin on a year earlier
- +1.8 pts
- Peer median
- 14.2%
Over the twelve months to Jun 30, 2026, State Street kept 23.0% of its revenue as net profit.
Five years earlier its net margin was 20.3%.
The median for 10 asset managers of a similar size is 14.2%.
Profit margin over time
Net
Fiscal year by fiscal year
| Fiscal year | Net margin |
|---|---|
| FY2025 | 21.1% |
| FY2024 | 20.5% |
| FY2023 | 15.9% |
| FY2022 | 22.8% |
| FY2021 | 22.4% |
| FY2020 | 20.7% |
| FY2019 | 19.1% |
| FY2018 | 21.4% |
| FY2017 | 19.4% |
| FY2016 | 21.0% |
| FY2015 | 19.1% |
| FY2014 | 19.7% |
| FY2013 | 21.6% |
| FY2012 | 21.4% |
| FY2011 | 20.0% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 23.0% | +1.8 pts | |
| Q1 FY26 | 21.2% | −0.5 pts | |
| Q4 FY25 | 21.1% | +0.6 pts | |
| Q3 FY25 | 21.8% | +5.1 pts | |
| Q2 FY25 | 21.1% | +6.5 pts | |
| Q1 FY25 | 21.7% | +6.6 pts | |
| Q4 FY24 | 20.5% | +4.7 pts | |
| Q3 FY24 | 16.6% | −3.3 pts | |
| Q2 FY24 | 14.6% | −7.6 pts | |
| Q1 FY24 | 15.1% | −7.2 pts | |
| Q4 FY23 | 15.9% | −7.0 pts | |
| Q3 FY23 | 20.0% | −2.8 pts |
Against its peers
Companies in Asset Management nearest State Street's size, closest first, today.
| Company | Profit margin |
|---|---|
| STTState Street | 23.0% |
| AMPAmeriprise Financial | 19.9% |
| ARESAres Management | 10.6% |
| APOApollo Global Management | 5.2% |
| NTRSNorthern Trust | 24.8% |
| RJFRaymond James Financial | 13.6% |
| KKRKKR | 14.8% |
| BXBlackstone | 21.8% |
| PFGPrincipal Financial | 9.9% |
| TROWT. Rowe Price | 29.3% |
| TPGTPG | 4.7% |
| Peer median | 14.2% |
Where State Street ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on State Street
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.