State Street (STT) Restructuring Costs (2009 - 2023)
State Street (STT) posted Restructuring Costs of -$15.0 million for Q4 2023, down 148.39% on a QoQ basis from $31.0 million in Q4 2022, and down 148.39% year-over-year from $31.0 million in Q4 2022.
State Street (STT) Restructuring Costs (2009 - 2023) Analysis & Trends
State Street's Restructuring Costs history runs 15 years deep, the most recent figure standing at -$15.0 million for Q4 2023.
- Quarterly Restructuring Costs fell 148.39% year-over-year to -$15.0 million in Q4 2023, while the trailing twelve-month figure through Dec 2023 was -$15.0 million (down 123.08% YoY) and the FY2023 annual result came in at -$15.0 million, down 123.08% from the prior year.
- Restructuring Costs was -$15.0 million for Q4 2023 at State Street, down from $31.0 million in the prior quarter.
- Across five years, Restructuring Costs topped out at $31.0 million in Q4 2022 and bottomed at -$15.0 million in Q4 2023.
- A 5-year average of $14.2 million and a median of $12.0 million in 2019 frame the typical range for Restructuring Costs.
- Annual changes were most pronounced in 2021 — Restructuring Costs jumped 116.67% — and 2023, when it tumbled 148.39%.
- State Street's Restructuring Costs stood at $29.0 million in 2019, then slumped by 58.62% to $12.0 million in 2020, then surged by 116.67% to $26.0 million in 2021, then rose by 19.23% to $31.0 million in 2022, then tumbled by 148.39% to -$15.0 million in 2023.
- Business Quant data shows STT's Restructuring Costs at -$15.0 million in Q4 2023, $31.0 million in Q4 2022, and $13.0 million in Q3 2022.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 | - |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - |
| 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 |
|---|---|
| Dec 31, 2023 | -15.00 Mn |
| Dec 31, 2022 | 31.00 Mn |
| Sep 30, 2022 | 13.00 Mn |
| Jun 30, 2022 | 12.00 Mn |
| Mar 31, 2022 | 9.00 Mn |
| Dec 31, 2021 | 26.00 Mn |
| Sep 30, 2021 | 18.00 Mn |
| Jun 30, 2021 | 11.00 Mn |
| Mar 31, 2021 | 10.00 Mn |
| Dec 31, 2020 | 12.00 Mn |
| Sep 30, 2020 | 15.00 Mn |
| Jun 30, 2020 | 12.00 Mn |
| Mar 31, 2020 | 11.00 Mn |
| Dec 31, 2019 | 29.00 Mn |
| Sep 30, 2019 | 27.00 Mn |
| Jun 30, 2019 | 12.00 Mn |
| Mar 31, 2019 | 9.00 Mn |
| Dec 31, 2018 | 24.00 Mn |
| Dec 31, 2017 | 133.00 Mn |
| Sep 30, 2017 | 33.00 Mn |