State Street (STT) Rent Expense (2009 - 2026)
State Street (STT) posted Rent Expense of $101.0 million for Q1 2026, down 41.62% on a QoQ basis from $173.0 million in Q4 2025, and down 1.94% year-over-year from $103.0 million in Q1 2025.
State Street (STT) Rent Expense (2009 - 2026) Analysis & Trends
State Street's Rent Expense history runs 18 years deep, the most recent figure standing at $101.0 million for Q1 2026.
- Quarterly Rent Expense fell 1.94% year-over-year to $101.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $485.0 million (up 10.98% YoY) and the FY2025 annual result came in at $487.0 million, up 11.44% from the prior year.
- Rent Expense was $101.0 million for Q1 2026 at State Street, down from $173.0 million in the prior quarter.
- Across five years, Rent Expense topped out at $173.0 million in Q4 2025 and bottomed at $94.0 million in Q1 2023.
- A 5-year average of $108.5 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 declined 20.3% — and 2025, when it soared 40.65%.
- State Street's Rent Expense stood at $106.0 million in 2022, then increased by 20.75% to $128.0 million in 2023, then dropped by 3.91% to $123.0 million in 2024, then surged by 40.65% to $173.0 million in 2025, then tumbled by 41.62% to $101.0 million in 2026.
- Business Quant data shows STT's Rent Expense at $101.0 million in Q1 2026, $173.0 million in Q4 2025, and $106.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | - |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | - |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | - |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 101.00 Mn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | - |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 51.30 Mn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 80.00 Mn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | - |
| 10 | Principal Financial | 23.31 Bn | -27.00 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 |