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: 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.