STT State Street margins

Relative Growth: Rel. Growth:
Relative Strength: Rel. Strength:
Relative Valuation: Rel. Valuation:
Relative Profitability: Rel. Profitability: 83
Gross margin
100%
Operating margin
30.2%
EBITDA margin
32.5%
Net margin
22.2%

Based on the latest figures, State Street reports a gross margin of 100%, an operating margin of 30.2%, an EBITDA margin of 32.5%, and a net margin of 22.2%. EBITDA margin led the available margin gains with 4.7 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, 25.26% operating, 26.68% EBITDA, and 18.34% 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 2.2 percentage points, EBITDA margin by 4.7 percentage points, and net margin by 2.1 percentage points. Gross margin was unchanged.

Gross margin expansion
0pp
Operating margin expansion
2.2pp
EBITDA margin expansion
4.7pp
Net margin expansion
2.1pp

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 Sep 2026, while the lowest was 100% in Dec 2023.

STT Operating margin

The average operating margin for State Street was 25.26% over the last 3 years. As of the latest period, the current operating margin for State Street is 30.2%, 4.9 percentage points above its three-year average. The operating margin for State Street moved between 18.8% in Mar 2024 and 30.2% in Sep 2026.

STT EBITDA margin

Over the last 3 years, State Street's EBITDA margin averaged 26.68%. The current EBITDA margin of 32.5% is 5.8 percentage points above its three-year average. During this period, EBITDA margin reached a high of 32.5% in Sep 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 18.34%. Against its three-year average, State Street's net margin is currently 22.2%, 3.9 percentage points above its three-year average. Looking back over the last 3 years, State Street's net margin reached 22.2% at its highest point in Sep 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 83.5%, State Street's gross margin is 20% higher.

STT margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is State Street's gross margin?

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

What is State Street's operating margin?

The current operating margin for STT is 30.2% as of Sep 30, 2026.

What is State Street's EBITDA margin?

For the period ending Sep 30, 2026, STT recorded an EBITDA margin of 32.5%.

What is State Street's net margin?

As of Sep 30, 2026, STT has a net margin of 22.2%.

What are the average margins of STT?

State Street's gross, operating, EBITDA, and net margins averaged 100.0% gross, 25.3% operating, 26.7% EBITDA, and 18.3% 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 Sep 2026, 30.2% operating in Sep 2026, 36.3% EBITDA in Dec 2021, and 22.2% net in Sep 2026.

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.