State Street (STT) Rent Expense (2009 - 2026)
State Street (STT) reported Rent Expense of $101.0 million for Q1 2026, down 1.94% on a YoY basis from $103.0 million in Q1 2025, and down 41.62% quarter-over-quarter from $173.0 million in Q4 2025.
State Street (STT) Rent Expense (2009 - 2026) Analysis & Trends
State Street has reported Rent Expense for 18 years, with the latest figure at $101.0 million in Q1 2026.
- For the quarter ending Q1 2026, Rent Expense fell 1.94% year-over-year to $101.0 million; the trailing twelve-month figure through Mar 2026 stood at $485.0 million (up 10.98% YoY), and the FY2025 full-year result was $487.0 million, up 11.44% from the prior year.
- Rent Expense for Q1 2026 stood at $101.0 million, down from $173.0 million in the prior quarter.
- The five-year high for Rent Expense was $173.0 million in Q4 2025, with the low at $94.0 million in Q1 2023.
- Historically, Rent Expense has averaged $108.5 million across 5 years, with a median of $103.0 million in 2023.
- Annual changes were most pronounced in 2022 — Rent Expense decreased 20.3% — and 2025, when it soared 40.65%.
- State Street's Rent Expense stood at $106.0 million in 2022, then climbed by 20.75% to $128.0 million in 2023, then decreased by 3.91% to $123.0 million in 2024, then soared by 40.65% to $173.0 million in 2025, then sank by 41.62% to $101.0 million in 2026.
- The last three Rent Expense figures came in at $101.0 million (Q1 2026), $173.0 million (Q4 2025), and $106.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | - |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | - |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 37.84 Mn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | - |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 101.00 Mn |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | - |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 51.30 Mn |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 80.00 Mn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | - |
| 10 | Principal Financial | 23.79 Bn | 20.28 Bn | -463.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 101.00 Mn |
| Mar 31, 2026 | 101.00 Mn |
| Dec 31, 2025 | 173.00 Mn |
| Dec 31, 2025 | 173.00 Mn |
| Sep 30, 2025 | 106.00 Mn |
| Sep 30, 2025 | 106.00 Mn |
| Jun 30, 2025 | 105.00 Mn |
| Jun 30, 2025 | 105.00 Mn |
| Mar 31, 2025 | 103.00 Mn |
| Mar 31, 2025 | 103.00 Mn |
| Dec 31, 2024 | 123.00 Mn |
| Dec 31, 2024 | 123.00 Mn |
| Sep 30, 2024 | 105.00 Mn |
| Sep 30, 2024 | 105.00 Mn |
| Jun 30, 2024 | 106.00 Mn |
| Jun 30, 2024 | 106.00 Mn |
| Mar 31, 2024 | 103.00 Mn |
| Mar 31, 2024 | 103.00 Mn |
| Dec 31, 2023 | 128.00 Mn |
| Dec 31, 2023 | 128.00 Mn |