State Street (STT) Revenue — Quarter Ended Dec 31, 2023
Revenue increased compared to the previous quarter but decreased compared to the same quarter a year ago.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue increased compared to the previous quarter but decreased compared to the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
+13.1%
Change from the immediately preceding quarter.
Year-over-year
-3.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.9B
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 |
|---|---|---|
| Mar 31, 2023 | $3.1B | +0.6% |
| Jun 30, 2023 | $3.1B | +5.3% |
| Sep 30, 2023 | $2.7B | -9.1% |
| Dec 31, 2023 | $3B | -3.5% |
Revenue performance
The sequential rise reversed a decline in the prior quarter, while the year-over-year decrease continued a pattern of lower revenue.
Quarterly comparison
Revenue was higher than the immediately preceding quarter and lower than the same quarter one year earlier.
What to watch
Monitor whether the sequential revenue growth can be sustained in future quarters.