State Street Corporation

Financial Services advisory analytics investment management

State Street Corporation is a financial holding company, providing a full range of products and services for large pools of investment assets. State Street operates in 3 lines of business, which are Investment Management, Investment Servicing, and Investment Research and Trading.

The State Street Global Advisors division serves as an investment advisor to investment companies globally. They offer investment strategies for clients of every size and investment objective.

The Company's newly formed State Street Alternative Investment Solutions operates under the Investment Servicing business, combines State Street Corporation’s hedge fund, private equity, and alternative risk offerings to provide a complete set of fund accounting, fund administration, and risk services to hedge funds and private equity funds.

Revenue(FY, 2017)

$11.2 B

Market capitalization(2018-04-25)

$38.4 B

Assets Under Management(Q2, 2017)

$2.6 T

Type

Public

Boston, US

Founded

1792

Size (employees)

36,303 (est)

Website

statestreet.com

State Street Corporation was founded in 1792 and is headquartered in Boston, US

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Key People/Management at State Street Corporation

Joseph Hooley

Chairman and Chief Executive Officer

Michael Rogers

President and Chief Operating Officer

Michael Bell

Executive Vice President and Chief Financial Officer

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State Street Corporation Office Locations

State Street Corporation has offices in London, Edinburgh, Dubai, Zürich and in 60 other locations

Boston, US (HQ)

1 Lincoln St

Alameda, US

1001 Marina Village Pkwy

Atlanta, US

3424 Peachtree Rd NE

Austin, US

1450 816 Congress Ave

Berwyn, US

Cassatt Rd

Boston, US

100 Huntington Ave

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State Street Corporation Financials and Metrics

State Street Corporation Financials

State Street Corporation's revenue was reported to be $11.17 b in FY, 2017

Summary

USD
Revenue (FY, 2017)	11.2 b
Net income (FY, 2017)	2.2 b
EBIT (FY, 2017)	2.3 b
Market capitalization (25-Apr-2018)	38.4 b
Cash (31-Dec-2017)	2.1 b
EV	47.9 b

State Street Corporation's current market capitalization is $38.4 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	9.9 b	10.3 b	10.4 b	10.2 b	11.2 b
Revenue growth, %		4%	1%	(2%)
Sales and marketing expense	1.1 b	1.2 b	1.2 b	1.3 b	1.6 b
Operating expense total	1.1 b	1.2 b	1.2 b	1.3 b	8.3 b

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Revenue	2.4 b	2.5 b	2.6 b	2.6 b	2.6 b	2.6 b	2.6 b	2.5 b	2.6 b	2.6 b	2.7 b	2.8 b
Sales and marketing expense	276 m	292 m	300 m	316 m	301 m	304 m	287 m	270 m	293 m	368 m	382 m	397 m
Operating expense total	1.7 b	2 b	1.9 b	1.9 b	2.1 b	2.1 b	2 b	2.1 b	1.9 b	2 b	2.1 b	2 b
EBIT											510 m	575 m

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Source: SEC Filings

Balance Sheet

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	3.2 b	1.9 b	1.2 b	1.3 b	2.1 b
Accounts Receivable				5.3 m	67.2 b
Inventories		4 m	19.5 m	917 k
PP&E					2.2 b

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	2.1 b	2 b	2 b	2.1 b	2.2 b
Inventories		(32 k)		(2.3 m)
Accounts Payable		(766 k)	3.6 m	832 k
Cash From Operating Activities	(2 b)	(561 m)	(1.4 b)	2.3 b	6.9 b

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Net Income	1.6 b	363 m	985 m	1.5 b	409 m	831 m	1.4 b	368 m	987 m	1.6 b	502 m	1.1 b
Cash From Operating Activities	(1.1 b)	1.9 b	446 m	(964 m)	397 m	(4.5 b)	(4.8 b)	2.9 b	5 b	2.3 b	3.5 b	4 b
Cash From Investing Activities	11.4 b	(14.5 b)	(34.5 b)	(23.9 b)	(991 m)	(16.8 b)	29.8 b	8 b	(2.3 b)	(5.6 b)	3.2 b	5 b
Dividends Paid	(365 m)	(120 m)	(251 m)	(396 m)	(156 m)	(308 m)	(489 m)	(184 m)	(353 m)	(541 m)	(201 m)	(379 m)

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Ratios

USD	Y, 2017
EV/EBIT	20.8 x
EV/CFO	6.9 x
Revenue/Employee	311.9 k
Financial Leverage	10.7 x

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State Street Corporation Operating Metrics

State Street Corporation's Assets Under Management was reported to be $2.6t in Q2, 2017.

	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 2017
Assets Under Custody	$28.19 t	$28.49 t	$28.65 t	$27.27 t	$27.51 t	$26.94 t	$27.79 t	$29.18 t	$28.77 t	$29.83 t	$31.04 t
Assets Under Management	$2.45 t	$2.44 t	$2.37 t	$2.20 t	$2.25 t	$2.30 t	$2.30 t	$2.45 t	$2.47 t	$2.56 t	$2.61 t
Markets									100		100