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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.26B | 2.1% |
| Gross Profit | 951M | 3.1% |
| Cost of Revenue | 2.31B | 1.7% |
| Operating expense | 1.13B | 0.6% |
| Net Income | 730M | 2.7% |
| EBITDA | -207M | 53.5% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 338B | 4% |
| Total Liabilities | 313B | 3.9% |
| Total Equity | 25.8B | 4.3% |
| Shares Outstanding | 294M | 1.7% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.71B | 135.4% |
| Cash from investing | -6.27B | 132.7% |
| Cash from financing | 4.73B | 139.2% |
EPS
Financial Highlights for State Street Corporation in Q3 '24
State Street Corporation reported a revenue of 3.26B, which is a 2.1% 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 951M, marking a 3.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.31B, a 1.7% 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 0.6% 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 730M, showing a 2.7% 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 -207M, showing a 53.5% 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.
