Financials State Street Corporation

Equities

STT

US8574771031

Investment Management & Fund Operators

Market Closed - Nyse Other stock markets 21:00:02 09/07/2025 BST			5-day change	1st Jan Change
109.40 ^USD	+0.18%		+2.28%	+11.46%

07-08	Wells Fargo Adjusts Price Target on State Street to $121 From $113, Maintains Overweight Rating	MT
07-08	Seaport Global Adjusts Price Target on State Street to $131 From $120, Maintains Buy Rating	MT

Projected Income Statement: State Street Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	11,703	12,027	12,148	11,945	13,000	13,496	13,975	14,445
Change	-	2.77%	1.01%	-1.67%	8.83%	3.81%	3.55%	3.36%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	3,329	3,378	3,604	2,987	3,470	3,865	4,041	3,947
Change	-	1.47%	6.69%	-17.12%	16.17%	11.37%	4.56%	-2.33%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	2,899	3,171	3,327	2,316	3,395	3,801	4,039	4,145
Change	-	9.38%	4.92%	-30.39%	46.59%	11.97%	6.25%	2.63%
Net income ¹	2,257	2,572	2,660	1,821	2,483	2,739	2,931	3,066
Change	-	13.96%	3.42%	-31.54%	36.35%	10.33%	6.98%	4.62%
Announcement Date	19/01/21	19/01/22	20/01/23	19/01/24	17/01/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	2,937	2,784	2,917	2,950	3,034	2,990	3,053	3,081	2,953	2,959	3,155	3,101	3,110	2,691	3,043	3,138	3,191	3,259	3,412	3,284	3,347	3,389	3,468	3,443	3,513	3,541	3,639
Change	-	-5.21%	4.78%	1.13%	2.85%	-1.45%	2.11%	0.92%	-4.15%	0.2%	6.62%	-1.71%	0.29%	-13.47%	13.08%	3.12%	1.69%	2.13%	4.69%	-3.75%	1.92%	1.24%	2.34%	-0.71%	2.01%	0.8%	2.77%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	872	697	790	661	927	895	896	766	860	864	1,080	730	898	805	843	625	922	951	972	834	962.7	1,023	1,072	906	1,076	1,072	1,150
Change	-	-20.07%	13.34%	-16.33%	40.24%	-3.45%	0.11%	-14.51%	12.27%	0.47%	25%	-32.41%	23.01%	-10.36%	4.72%	-25.86%	47.52%	3.15%	2.21%	-14.2%	15.43%	6.23%	4.82%	-15.49%	18.71%	-0.28%	7.18%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	803	681	641	627	938	876	730	754	835	849	889	688	916	511	201	598	912	925	960	822	938.7	996.8	1,043	908.3	1,078	1,088	1,155
Change	-	-15.19%	-5.87%	-2.18%	49.6%	-6.61%	-16.67%	3.29%	10.74%	1.68%	4.71%	-22.61%	33.14%	-44.21%	-60.67%	197.51%	52.51%	1.43%	3.78%	-14.38%	14.2%	6.19%	4.67%	-12.95%	18.72%	0.87%	6.19%
Net income ¹	662	517	498	489	728	693	662	583	712	669	696	525	726	398	172	418	655	682	728	597	667.8	719.7	754	651.5	783.3	791.3	845.3
Change	-	-21.9%	-3.68%	-1.81%	48.88%	-4.81%	-4.47%	-11.93%	22.13%	-6.04%	4.04%	-24.57%	38.29%	-45.18%	-56.78%	143.02%	56.7%	4.12%	6.74%	-17.99%	11.85%	7.78%	4.77%	-13.6%	20.23%	1.02%	6.82%
Announcement Date	17/07/20	16/10/20	19/01/21	16/04/21	16/07/21	18/10/21	19/01/22	14/04/22	15/07/22	18/10/22	20/01/23	17/04/23	14/07/23	18/10/23	19/01/24	12/04/24	16/07/24	15/10/24	17/01/25	17/04/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: State Street Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	21,205	15,178	18,270	24,366	36,793	44,997	46,679	48,404
Change	-	-28.42%	20.37%	33.37%	51%	22.3%	3.74%	3.7%
Announcement Date	19/01/21	19/01/22	20/01/23	19/01/24	17/01/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: State Street Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	730	560	811	734	816	926
Change	-	-23.29%	44.82%	-9.49%	11.17%	13.48%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	20/02/20	19/02/21	17/02/22	16/02/23	15/02/24	13/02/25

¹USD in Million

Estimates

Forecast Financial Ratios: State Street Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-
EBIT Margin (%)	28.45%	28.09%	29.67%	25.01%	26.69%	28.64%	28.92%	27.33%
EBT Margin (%)	24.77%	26.37%	27.39%	19.39%	26.12%	28.17%	28.9%	28.69%
Net margin (%)	19.29%	21.39%	21.9%	15.24%	19.1%	20.3%	20.97%	21.23%
FCF margin (%)	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-
Profitability
ROA	0.81%	0.85%	0.86%	0.84%	0.81%	0.82%	0.85%	0.8%
ROE	10%	10.7%	11.1%	8.2%	11.1%	11.85%	12.32%	12.87%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	9.891	-18.75	10.51	-	-	-	-	-
Change	-	-289.52%	156.07%	-	-	-	-	-
Dividend per Share ¹	2.08	2.18	2.4	2.64	2.9	3.189	3.372	3.62
Change	-	4.81%	10.09%	10%	9.85%	9.95%	5.75%	7.35%
Book Value Per Share ¹	74.19	74.77	72.18	78.82	77.95	85.12	90.84	93.34
Change	-	0.78%	-3.46%	9.2%	-1.1%	9.2%	6.72%	2.75%
EPS ¹	6.32	7.19	7.19	5.58	8.21	9.501	10.55	11.41
Change	-	13.77%	0%	-22.39%	47.13%	15.72%	11.06%	8.18%
Nbr of stocks (in thousands)	352,798	365,629	366,940	308,584	293,151	285,182	285,182	285,182
Announcement Date	19/01/21	19/01/22	20/01/23	19/01/24	17/01/25	-	-	-