STT State Street margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 81

Gross margin

100%

Operating margin

29.3%

EBITDA margin

31.1%

Net margin

21.4%

Based on the latest figures, State Street reports a gross margin of 100%, an operating margin of 29.3%, an EBITDA margin of 31.1%, and a net margin of 21.4%. EBITDA margin led the available margin gains with 4 percentage points, while the other margins did not change.

STT margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, State Street recorded average margins of 100% gross, 24.81% operating, 26.15% EBITDA, and 17.99% net. State Street's current performance shows that operating, EBITDA, and net margins are above their three-year averages.

STT margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 1.9 percentage points, EBITDA margin by 4 percentage points, and net margin by 1.7 percentage points. Gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

1.9pp

EBITDA margin expansion

4pp

Net margin expansion

1.7pp

STT Gross margin

Across the last 3 years, State Street recorded an average gross margin of 100%. State Street's current gross margin is 100% and is in line with its three-year average. The highest gross margin for State Street was 100% in Jun 2026, while the lowest was 100% in Dec 2023.

STT Operating margin

The average operating margin for State Street was 24.81% over the last 3 years. As of the latest period, the current operating margin for State Street is 29.3%, 4.5 percentage points above its three-year average. The operating margin for State Street moved between 18.8% in Mar 2024 and 29.3% in Jun 2026.

STT EBITDA margin

Over the last 3 years, State Street's EBITDA margin averaged 26.15%. The current EBITDA margin of 31.1% is 5 percentage points above its three-year average. During this period, EBITDA margin reached a high of 31.1% in Jun 2026 and a low of 21.4% in Jun 2024.

STT Net margin

Throughout the last 3 years, State Street had an average net margin of 17.99%. Against its three-year average, State Street's net margin is currently 21.4%, 3.4 percentage points above its three-year average. Looking back over the last 3 years, State Street's net margin reached 21.4% at its highest point in Jun 2026 and 13.6% at its lowest in Jun 2024.

STT margin group comparison

Margins compared with peer-group, industry and sector averages

State Street's gross margin of 100% is above the Financial Services sector, the industry and its peers average. Looking at its Financial Services sector average of 83.9%, State Street's gross margin is 19% higher.

STT margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is State Street's gross margin?

For the period ending Jun 30, 2026, STT recorded a gross margin of 100%.

What is State Street's operating margin?

The current operating margin for STT is 29.3% as of Jun 30, 2026.

What is State Street's EBITDA margin?

For the period ending Jun 30, 2026, STT recorded an EBITDA margin of 31.1%.

What is State Street's net margin?

As of Jun 30, 2026, STT has a net margin of 21.4%.

What are the average margins of STT?

State Street's gross, operating, EBITDA, and net margins averaged 100.0% gross, 24.8% operating, 26.2% EBITDA, and 18.0% net over the last 3 years.

What are the highest historical margins of STT?

Across the 5-year period, STT posted its highest margins at 100% gross in Jun 2026, 29.3% operating in Jun 2026, 36.3% EBITDA in Dec 2021, and 21.9% net in Dec 2022.

What are the lowest historical margins of STT?

Over the last 5 years, State Street's lowest margins were 100% gross in Dec 2021, 18.8% operating in Mar 2024, 21.4% EBITDA in Jun 2024, and 13.6% net in Jun 2024.