Filing Flows › State Street (STT) › Q3 2025
State Street (STT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
State Street (STT) reported revenue of $3.5B for the third quarter 2025 (Q3 2025), +9% from a year earlier and +3% from the quarter before. Operating margin was 31.1%, net earnings $861M (24.3% of revenue).
State Street, Q3 2025: revenue $3.5B (+9% year over year), operating margin 31.1%, net earnings $861M, operating cash flow $7.9B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | +3% | +9% |
| Operating profit | $1.1B | +24% | +19% |
| Net earnings | $861M | +24% | +18% |
| Operating cash flow | $7.9B | — | +192% |
| Free cash flow | $7.7B | — | +210% |
What changed
Revenue was $3.5B in Q3 2025, up 9% year over year and up 3% from the previous quarter. Account Servicing was the largest line at 38% of revenue. Account Servicing added $0.09B year over year (up 7%), 32% of the total change. Other fee revenue declined 37%.
Operating profit was $1.1B, a 31.1% margin (up 2.7 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 28% margin then. Total costs grew 5% against revenue growth of 9%. The fastest-growing cost line was Sales & marketing (+13%). Net earnings were $0.86B, up 18% year over year. The effective tax rate was 21.9%.
Operating cash flow was $7.9B (up 192% year over year), 918% of net earnings. Working capital and other items added $7.0B. Capital expenditures of $0.24B left free cash flow of $7.7B.
Questions
What was State Street's revenue in the third quarter 2025?
State Street (STT) reported revenue of $3.5B for the third quarter 2025 (Q3 2025), +9% from a year earlier and +3% from the quarter before.
Was State Street profitable in the third quarter 2025?
Operating profit was $1.1B (31.1% of revenue) and net earnings $861M.
Source: State Street 10-Q on SEC EDGAR.