Financials · Asset Management & Custody Banks · US stock · price as of 16 Oct 2026
Key indicators
Price
$165.72
52-week range
$102.22 – $194.90
Market cap
$46.6B
P/E (trailing)
13.7×
Dividend yield
2.1%
Revenue (last 12 months)
$15.1B
Revenue growth (3y a year)
4.7%
Price / book
1.6×
Return on equity
12.2%
Fair value
Blended fair value$137.28 book-value models
Versus priceFair−17% to fair value
Excess-return model (banks, insurers)
$112.00
Price / book vs return on equity
$175.19
Model uncertainty
High
X-Ray Score
50/ 100 · Medium confidence · ahead of 46% of sector peers
Valuation40
Growth44
Profitability41
Financial health84
Dividends42
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
State Street provides custody, fund administration and investment services to institutional clients such as pension funds, asset managers and insurers. It also manages assets through its investment arm, which includes a large exchange traded fund business. The company earns fees for servicing and managing client assets, along with net interest income and foreign exchange and trading revenue, so its results move with market levels and client activity.
Over the latest twelve months the company reported revenue of $15.1 billion, with growth of 4.7% a year across three years. It reports an operating margin of 29.1%, with return on invested capital of 14%. A dividend is paid, with a yield of 2.1%. Taken together, these numbers give a factual snapshot of the business.
StocksXray gives State Street Corp an X-Ray Score of 50 out of 100 (medium confidence), ahead of 46% of the S&P 500 stocks in its sector. Its strongest lens is financial health (84) and its weakest is valuation (40).
Our fair value blend is $137.28. At $165.72 the stock trades 21% above that blend, so the label is "Fair" with high model uncertainty. Fair value is a range, not a price target.
XStocksXray
State Street Corp (STT)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$79.98
$68.98
$71.42
$92.97
$126.02
$165.72
Market cap
$28.6B
$25.5B
$23.3B
$28.1B
$36.4B
$46.6B
P/E
11.1×
9.6×
12.8×
11.3×
13.4×
13.7×
Price / book
1.0×
1.0×
1.0×
1.1×
1.3×
1.6×
Dividend yield
2.73%
3.48%
3.70%
3.12%
2.54%
2.08%
Fundamentals checklist ● 2 Good · ● 4 Average · ● 1 Bad · each check graded against the sector
Risk models
Piotroski F-Score9 of 9Good
Growth
EPS growth (3y)9.3%Average
Revenue growth (3y)4.7%Bad
Growth consistency100%Good
Valuation
Fair value vs price0.8×Average
Profitability
Return on invested capital14.4%Average
Operating margin29.1%Average
XStocksXray
State Street Corp (STT)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
12,027
12,148
11,945
13,000
13,944
15,056
Net income
2,693
2,774
1,944
2,687
2,945
3,456
Diluted EPS ($)
7.19
7.19
5.58
8.21
9.40
12.11
Net margin
22.4%
22.8%
16.3%
20.7%
21.1%
23.0%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
314,624
301,450
297,258
353,240
366,047
418,381
Cash
3,631
3,970
4,047
3,145
4,433
4,290
Total debt
–
–
–
–
–
–
Equity
27,363
25,191
23,799
25,326
27,841
28,268
Dividend per share ($)
2.18
2.40
2.64
2.90
3.20
3.36
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.