STATE STREET CORPORATION (STT) FY2024 Annual P&L / Income Statement

STATE STREET CORPORATION (STT) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Product and service (8 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenue

13,000,000,000 US dollars

Operating expenses (calculated)

9,605,000,000 US dollars

Operating profit (calculated)

3,395,000,000 US dollars

Other income (expense), net (calculated)

0 US dollars

Income before income tax expense

3,395,000,000 US dollars

Income tax expense

708,000,000 US dollars

Net income

2,687,000,000 US dollars

Servicing fees

5,016,000,000 US dollars

Management fees

2,124,000,000 US dollars

Foreign exchange trading services

1,401,000,000 US dollars

Securities finance

438,000,000 US dollars

Software and processing fees

888,000,000 US dollars

Other fee revenue

289,000,000 US dollars

Net interest income

2,923,000,000 US dollars

Provision for credit losses

75,000,000 US dollars

Total expenses

9,530,000,000 US dollars

Revenue before reconciliation (calculated)

13,079,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Total other income

negative 79,000,000 US dollars. Reported reconciliation to consolidated revenue.

Chart connections

• Revenue minus operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.