State Street (STT) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter was essentially flat compared to the prior quarter, while increasing from the same quarter last year. The company's filing discusses risk management and credit risk, which are ongoing areas of focus.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter was essentially flat compared to the prior quarter, while increasing from the same quarter last year. The company's filing discusses risk management and credit risk, which are ongoing areas of focus.
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
+0.3%
Change from the immediately preceding quarter.
Year-over-year
+5.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.3B
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 |
|---|---|---|
| Sep 30, 2022 | $3B | -1.0% |
| Dec 31, 2022 | $3.2B | +3.3% |
| Mar 31, 2023 | $3.1B | +0.6% |
| Jun 30, 2023 | $3.1B | +5.3% |
Revenue performance
Revenue remained stable sequentially, reflecting consistent business activity. The year-over-year growth indicates improved performance relative to the prior year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was nearly unchanged. In contrast, revenue was higher than the same quarter one year earlier.
What to watch
The filing notes attention to credit risk and allowance for credit losses, which could affect future revenue.