Filing Flows › State Street (STT) › Q1 2025
State Street (STT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
State Street (STT) reported revenue of $3.3B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -4% from the quarter before. Operating margin was 25.0%, net earnings $644M (19.6% of revenue).
State Street, Q1 2025: revenue $3.3B (+5% year over year), operating margin 25.0%, net earnings $644M, operating cash flow $2.4B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | -4% | +5% |
| Operating profit | $822M | -14% | +37% |
| Net earnings | $644M | -18% | +39% |
| Operating cash flow | $2.4B | — | — |
| Free cash flow | $2.2B | — | — |
What changed
Revenue was $3.3B in Q1 2025, up 5% year over year and down 4% from the previous quarter.
Operating profit was $0.82B, a 25.0% margin (up 6.0 points year over year). Of the extra revenue versus a year earlier, 153% reached operating profit, above the 19% margin then. Total costs fell 3% while revenue rose 5%. Net earnings were $0.64B, up 39% year over year. The effective tax rate was 21.7%.
Operating cash flow was $2.4B, 372% of net earnings. Working capital and other items added $1.8B. Capital expenditures of $0.23B left free cash flow of $2.2B.
Questions
What was State Street's revenue in the first quarter 2025?
State Street (STT) reported revenue of $3.3B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -4% from the quarter before.
Was State Street profitable in the first quarter 2025?
Operating profit was $822M (25.0% of revenue) and net earnings $644M.
Source: State Street 10-Q on SEC EDGAR.