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: 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.