Filing Flows › State Street (STT) › Q4 2025
State Street (STT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
State Street (STT) reported revenue of $3.7B for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +3% from the quarter before. Operating margin was 25.0%, net earnings $747M (20.4% of revenue).
State Street, Q4 2025: revenue $3.7B (+8% year over year), operating margin 25.0%, net earnings $747M, operating cash flow $10.0B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | +3% | +7% |
| Operating profit | $918M | -17% | -4% |
| Net earnings | $747M | -13% | -5% |
| Operating cash flow | $10.0B | +27% | — |
| Free cash flow | $9.8B | +28% | — |
What changed
Revenue was $3.7B in Q4 2025, up 7% year over year and up 3% from the previous quarter. Account Servicing was the largest line at 38% of revenue.
Operating profit was $0.92B, a 25.0% margin (down 3.1 points year over year). Operating profit fell $0.04B even though revenue rose $0.26B versus a year earlier, so costs grew faster than sales. Total costs grew 12% against revenue growth of 7%. The fastest-growing cost line was Sales & marketing (+55%). Net earnings were $0.75B, down 5% year over year. The effective tax rate was 18.6%.
Operating cash flow was $10.0B, 1344% of net earnings. Working capital and other items added $9.3B. Capital expenditures of $0.27B left free cash flow of $9.8B.
Questions
What was State Street's revenue in the fourth quarter 2025?
State Street (STT) reported revenue of $3.7B for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +3% from the quarter before.
Was State Street profitable in the fourth quarter 2025?
Operating profit was $918M (25.0% of revenue) and net earnings $747M.
Source: State Street 10-K on SEC EDGAR.