# STATE STREET CORPORATION (STT) FY2024 Annual P&L / Income Statement - Company: STATE STREET CORPORATION (STT) - Period: 2024-01-01 to 2024-12-31 - Filing: FY2024 10-K, filed 2025-02-13, accession number 0000093751-25-000111 - Page: https://plicit.ai/financials/stt/fy2024-annual-income-statement - Chart image: https://plicit.ai/charts/stt-fy2024-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service (8 categories) 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. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/stt/fy2024-annual-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/stt-fy2024-annual-revenue-by-geography-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Geography. 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 - **Non-U.S.**: 5,485,000,000 US dollars - **UNITED STATES**: 7,515,000,000 US dollars - **Provision for credit losses**: 75,000,000 US dollars - **Total expenses**: 9,530,000,000 US dollars ### 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. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/stt/fy2024-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/stt-fy2024-annual-revenue-by-business-segment-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Business segment. 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 - **Investment Servicing**: 10,656,000,000 US dollars - **Investment Management**: 2,344,000,000 US dollars - **Provision for credit losses**: 75,000,000 US dollars - **Total expenses**: 9,530,000,000 US dollars ### 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. ## Chart details: Revenue by Product and Service (3 categories) - Page: https://plicit.ai/financials/stt/fy2024-annual-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/stt-fy2024-annual-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Product and service (3 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 - **Total fee revenue**: 10,156,000,000 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. ## Chart details: Revenue by Consolidated Entity - Page: https://plicit.ai/financials/stt/fy2024-annual-income-statement/revenue-by-consolidated-entity - Chart image: https://plicit.ai/charts/stt-fy2024-annual-revenue-by-consolidated-entity-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Consolidated Entities. 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 - **Parent Company**: 1,824,000,000 US dollars - **VIE - not primary beneficiary**: 29,000,000 US dollars - **Undisclosed (calculated)**: 11,147,000,000 US dollars - **Provision for credit losses**: 75,000,000 US dollars - **Total expenses**: 9,530,000,000 US dollars ### 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.