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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 3.19B | 1.7% |
Gross Profit | 922M | 47.5% |
Cost of Revenue | 2.27B | 9.7% |
Operating expense | 1.13B | 4.4% |
Net Income | 711M | 53.6% |
EBITDA | -445M | 115.7% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 326B | 3.7% |
Total Liabilities | 301B | 4.1% |
Total Equity | 24.8B | 1.3% |
Shares Outstanding | 299M | 0.8% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -7.64B | 805.7% |
Cash from investing | 19.2B | 146.4% |
Cash from financing | -12B | 129% |
EPS
Financial Highlights for State Street Corporation in Q2 '24
State Street Corporation reported a revenue of 3.19B, which is a 1.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 922M, marking a 47.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.27B, a -9.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.13B, showing a 4.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 711M, showing a 53.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -445M, showing a -115.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for State Street Corporation with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.