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
DateValue
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