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State Street (State Street) Net Margin %

: 6.90% (As of Dec. 2023)
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Net margin is calculated as Net Income divided by its Revenue. State Street's Net Income for the three months ended in Dec. 2023 was $210.00 Mil. State Street's Revenue for the three months ended in Dec. 2023 was $3,043.00 Mil. Therefore, State Street's net margin for the quarter that ended in Dec. 2023 was 6.90%.

The historical rank and industry rank for State Street's Net Margin % or its related term are showing as below:

STTpC.CL.PFD' s Net Margin % Range Over the Past 10 Years
Min: 15.51   Med: 20.19   Max: 22.88
Current: 15.51


STTpC.CL.PFD's Net Margin % is ranked worse than
75.46% of 1671 companies
in the Asset Management industry
Industry Median: 86.35 vs STTpC.CL.PFD: 15.51

State Street Net Margin % Historical Data

The historical data trend for State Street's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

State Street Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.07 20.69 22.39 22.88 16.27

State Street Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.70 24.53 15.68 6.90 14.75

Competitive Comparison

For the Asset Management subindustry, State Street's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


State Street Net Margin % Distribution

For the Asset Management industry and Financial Services sector, State Street's Net Margin % distribution charts can be found below:

* The bar in red indicates where State Street's Net Margin % falls into.



State Street Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

State Street's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=1944/11945
=16.27 %

State Street's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=210/3043
=6.90 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


State Street  (NYSE:STTpC.CL.PFD) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


State Street Net Margin % Related Terms

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State Street (State Street) Business Description

Address
One Lincoln Street, Boston, MA, USA, 02111
State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $42 trillion in assets under custody and administration and $4.1 trillion assets under management as of Dec. 31, 2023, State Street operates globally in more than 100 geographic markets and employs more than 46,000 worldwide.