The earnings call reflects a strong financial year for State Street with significant revenue growth, record-breaking wins, and successful capital returns. Despite some challenges with pricing headwinds and rising operational costs, the company demonstrated effective strategic execution and robust operational improvements.

Company Guidance

During the State Street Corporation's Q4 2024 earnings call, the executives provided a robust outlook for 2025, emphasizing several key metrics and strategic priorities. The company reported a full-year fee and total revenue growth of 7% and 9% respectively, with an EPS of $8.21, up from $5.58 in 2023, indicating a 13% year-over-year increase excluding notable items. The pretax margin expanded by over 100 basis points, while the return on average tangible common equity reached 19%. The company celebrated significant wins with assets under custody/administration (AUC/A) totaling over $2.3 trillion, including $1.1 trillion in Q4 alone. Investment Management also saw record management fees and ETF inflows, with $146 billion of net new assets for the year. Looking ahead, fee revenue is expected to increase by 3-5%, with a focus on maintaining a 2-3% expense growth rate and achieving positive operating leverage. The company targets a capital payout ratio of about 80% for 2025, subject to market conditions. Additionally, productivity savings of approximately $500 million were realized, supporting ongoing investments in strategic growth areas like Alpha, private markets, and asset management distribution.

Strong Revenue and Earnings Growth

Full year fee and total revenue increased 7% and 9% respectively, with EPS growth up 13% year-over-year. Pretax margin expanded by more than 100 basis points.

Record AUC/A Wins

State Street achieved over $2.3 trillion in AUC/A wins for 2024, including $1.1 trillion in Q4.

Investment Management Success

Generated $146 billion of net new assets in 2024 with a 3% organic AUM growth, above the 2% target. Record ETF inflows and new product launches contribute to growth.

Operational Improvements

Achieved approximately $500 million in productivity savings in 2024 through operational simplification and technology modernization.

Strong Balance Sheet and Capital Return

Returned $2.2 billion of capital to shareholders in 2024, including common share repurchases and a 10% increase in the quarterly dividend.

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State Street (STT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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STT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 11, 2025	2025 (Q1)	2.01 / -	1.69	―	―	―
Jan 17, 2025	2024 (Q4)	2.44 / 2.60	2.04	27.45% (+0.56)
Oct 15, 2024	2024 (Q3)	2.12 / 2.26	1.93	17.10% (+0.33)
Jul 16, 2024	2024 (Q2)	2.03 / 2.15	2.17	-0.92% (-0.02)
Apr 12, 2024	2024 (Q1)	1.49 / 1.69	1.52	11.18% (+0.17)
Jan 19, 2024	2023 (Q4)	1.83 / 2.04	2.07	-1.45% (-0.03)
Oct 18, 2023	2023 (Q3)	1.79 / 1.93	1.82	6.04% (+0.11)
Jul 14, 2023	2023 (Q2)	2.10 / 2.17	1.94	11.86% (+0.23)
Apr 17, 2023	2023 (Q1)	1.64 / 1.52	1.59	-4.40% (-0.07)
Jan 20, 2023	2022 (Q4)	1.98 / 2.07	2	3.50% (+0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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STT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 17, 2025	$100.49	$97.63	-2.85%
Oct 15, 2024	$90.22	$91.11	+0.99%
Jul 16, 2024	$77.66	$83.44	+7.44%
Apr 12, 2024	$72.03	$73.85	+2.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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