State Street (STT) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter decreased from the prior quarter but increased compared to the same period a year ago. The sequential decline follows a prior quarter's growth.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter decreased from the prior quarter but increased compared to the same period a year ago. The sequential decline follows a prior quarter's growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1B
Revenue reported for this quarter.
Quarter-over-quarter
-1.7%
Change from the immediately preceding quarter.
Year-over-year
+0.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $3B | -2.7% |
| Sep 30, 2022 | $3B | -1.0% |
| Dec 31, 2022 | $3.2B | +3.3% |
| Mar 31, 2023 | $3.1B | +0.6% |
Revenue performance
The reported revenue reflects a decline from the immediately preceding quarter. Year-over-year, however, revenue was higher.
Quarterly comparison
Compared to the previous quarter, revenue moved lower. In contrast, revenue was above the level of the same quarter one year earlier.
What to watch
The mixed directional moves between sequential and annual comparisons may warrant monitoring of revenue trends.