Explain this page
Arphra AIPlain-English read on State Street Corporation’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $12.03B | $13.67B | $18.37B | $21.97B | $22.63B | $15.21B | $15.85B | $16.78B | $17.15B |
| Cost of revenue | -$30M | $1.56B | $6.47B | $9.13B | $8.74B | $5.88B | $5.98B | $6.32B | $6.44B |
| Gross profit | $12.06B | $12.11B | $11.9B | $12.84B | $13.89B | $9.4B | $9.95B | $10.43B | $10.68B |
| Gross margin | +100.25% | +88.56% | +64.79% | +58.45% | +61.36% | +61.81% | +62.76% | +62.16% | +62.30% |
| Operating | |||||||||
| Research & development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, general & administrative | $4.66B | $4.48B | $4.7B | $4.85B | $5.26B | $3.63B | $3.65B | $4.01B | $4B |
| Total operating expenses | $8.89B | $8.78B | $9.58B | $9.45B | $10.15B | $6.98B | $7.19B | $7.68B | $8.03B |
| Operating income | $3.17B | $3.33B | $2.32B | $3.4B | $3.73B | $2.23B | $2.34B | $2.53B | $2.47B |
| Operating margin | +26.36% | +24.34% | +12.61% | +15.45% | +16.49% | +14.67% | +14.76% | +15.10% | +14.43% |
| EBITDA | $4.73B | $4.48B | $3.2B | $4B | $4.29B | $2.74B | $2.93B | $3.07B | $3.1B |
| EBIT | $3.17B | $3.33B | $2.32B | $3.4B | $3.73B | $2.19B | $2.3B | $2.52B | $2.48B |
| Below the line | |||||||||
| Interest expense | $3M | $1.54B | $6.42B | $9.05B | $8.68B | $5.73B | $6.02B | $6.27B | $6.62B |
| Interest income | $1.91B | $4.09B | $9.18B | $11.98B | $11.64B | $7.9B | $8.41B | $8.82B | $8.91B |
| Other income / expense | $0 | $0 | $0 | $0 | $0 | — | — | — | — |
| Pre-tax income | $3.17B | $3.33B | $2.32B | $3.4B | $3.73B | $2.29B | $2.38B | $2.49B | $2.53B |
| Income tax expense | $478M | $553M | $372M | $708M | $786M | $446.92M | $462.11M | $485.67M | $497.01M |
| Earnings | |||||||||
| Net income | $2.69B | $2.77B | $1.94B | $2.69B | $2.95B | $1.77B | $1.93B | $2.03B | $2.08B |
| Net income · continuing ops | $2.69B | $2.77B | $1.94B | $2.69B | $2.95B | $1.79B | $1.84B | $1.97B | $2B |
| Net margin | +22.39% | +20.29% | +10.58% | +12.23% | +13.01% | +11.66% | +12.20% | +12.07% | +12.11% |
| EPS · basic | $7.30 | $7.28 | $5.65 | $8.33 | $9.55 | $12.47 | $14.11 | $15.94 | $18.08 |
| EPS · diluted | $7.19 | $7.19 | $5.58 | $8.21 | $9.40 | $12.43 | $13.80 | $15.74 | $17.80 |
| EPS · low estimate | — | — | — | — | — | $12.11 | $13.09 | $14.86 | $17.19 |
| EPS · high estimate | — | — | — | — | — | $12.64 | $14.40 | $16.42 | $18.33 |
| Shares · basic | 352.57M | 365.21M | 322.34M | 297.88M | 284.55M | 286.85M | 286.98M | 285.65M | 282.95M |
| Shares · diluted | 357.96M | 370.11M | 326.57M | 302.23M | 289.02M | 288.79M | 287.65M | 288.21M | 289.96M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 9 | 10 | 5 | 2 |
| Analysts (EPS) | — | — | — | — | — | 10 | 11 | 3 | 1 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
Full income statement, balance sheet, and cash-flow history is included with Pro.
Upgrade to Pro