State Street (STT) Rent Expense (2009 - 2026)
State Street's (STT) quarterly Rent Expense came in at $96.0 million in Q2 2026, down 8.57% YoY from $105.0 million in Q2 2025, and down 4.95% on a QoQ basis from $101.0 million in Q1 2026.
State Street (STT) Rent Expense (2009 - 2026) Analysis & Trends
State Street (STT) has 18 years of Rent Expense data on file, last reported at $96.0 million in Q2 2026.
- Quarterly Rent Expense fell 8.57% year-over-year to $96.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $476.0 million (up 9.17% YoY) and the FY2025 annual result came in at $487.0 million, up 11.44% from the prior year.
- Rent Expense slipped to $96.0 million in Q2 2026, from $101.0 million in the prior quarter.
- In the past five years, Rent Expense ranged from a high of $173.0 million in Q4 2025 to a low of $94.0 million in Q1 2023.
- A 5-year average of $107.8 million and a median of $103.0 million in 2023 frame the typical range for Rent Expense.
- Annual changes were most pronounced in 2022 — Rent Expense decreased 20.3% — and 2025, when it soared 40.65%.
- Tracing STT's Rent Expense over 5 years: 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 slumped by 44.51% to $96.0 million in 2026.
- The last three Rent Expense figures came in at $96.0 million (Q2 2026), $101.0 million (Q1 2026), and $173.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.24 Bn | 165.37 Bn | - | - |
| 2 | Blackstone | 114.72 Bn | 112.22 Bn | - | - |
| 3 | Kkr | 97.18 Bn | -179.90 Bn | - | 39.46 Mn |
| 4 | Brookfield | 93.29 Bn | 45.89 Bn | - | - |
| 5 | Brookfield Asset Management | 83.67 Bn | 82.16 Bn | - | - |
| 6 | Apollo Global Management | 78.67 Bn | 53.30 Bn | 10.54 Bn | - |
| 7 | State Street | 51.33 Bn | 51.33 Bn | - | 96.00 Mn |
| 8 | Ameriprise Financial | 51.05 Bn | 40.00 Bn | 4.72 Bn | - |
| 9 | Raymond James Financial | 33.89 Bn | 20.64 Bn | - | 85.00 Mn |
| 10 | Northern Trust | 33.86 Bn | 33.86 Bn | - | 53.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 96.00 Mn |
| Jun 30, 2026 | 96.00 Mn |
| 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 |