State Street (STT) Operating Expenses (2009 - 2026)
State Street (STT) reported Operating Expenses of $2.8 billion for Q1 2026, up 14.73% on a YoY basis from $2.4 billion in Q1 2025, and up 2.55% quarter-over-quarter from $2.7 billion in Q4 2025.
State Street (STT) Operating Expenses (2009 - 2026) Analysis & Trends
State Street has reported Operating Expenses for 18 years, with the latest figure at $2.8 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 14.73% year-over-year to $2.8 billion; the trailing twelve-month figure through Mar 2026 stood at $10.5 billion (up 11.07% YoY), and the FY2025 full-year result was $10.2 billion, up 6.55% from the prior year.
- Operating Expenses for Q1 2026 stood at $2.8 billion, up from $2.7 billion in the prior quarter.
- The five-year high for Operating Expenses was $2.8 billion in Q4 2023, with the low at $2.1 billion in Q2 2022.
- Historically, Operating Expenses has averaged $2.4 billion across 5 years, with a median of $2.4 billion in 2023.
- Annual changes were most pronounced in 2023 — Operating Expenses rose 25.09% — and 2024, when it decreased 13.54%.
- State Street's Operating Expenses stood at $2.3 billion in 2022, then climbed by 25.09% to $2.8 billion in 2023, then declined by 13.54% to $2.4 billion in 2024, then gained by 12.34% to $2.7 billion in 2025, then gained by 2.55% to $2.8 billion in 2026.
- The last three Operating Expenses figures came in at $2.8 billion (Q1 2026), $2.7 billion (Q4 2025), and $2.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 3.88 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 2.26 Bn |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 3.87 Bn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 4.68 Bn |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 3.12 Bn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 1.17 Bn |
| 10 | Principal Financial | 23.79 Bn | 20.28 Bn | -463.00 Mn | 3.05 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.81 Bn |
| Dec 31, 2025 | 2.74 Bn |
| Sep 30, 2025 | 2.43 Bn |
| Jun 30, 2025 | 2.53 Bn |
| Mar 31, 2025 | 2.45 Bn |
| Dec 31, 2024 | 2.44 Bn |
| Sep 30, 2024 | 2.31 Bn |
| Jun 30, 2024 | 2.27 Bn |
| Mar 31, 2024 | 2.51 Bn |
| Dec 31, 2023 | 2.82 Bn |
| Sep 30, 2023 | 2.18 Bn |
| Jun 30, 2023 | 2.21 Bn |
| Mar 31, 2023 | 2.37 Bn |
| Dec 31, 2022 | 2.26 Bn |
| Sep 30, 2022 | 2.11 Bn |
| Jun 30, 2022 | 2.11 Bn |
| Mar 31, 2022 | 2.33 Bn |
| Dec 31, 2021 | 2.33 Bn |
| Sep 30, 2021 | 2.12 Bn |
| Jun 30, 2021 | 2.11 Bn |