What is Northern Trust Corp's earnings per share (EPS)?

Northern Trust Corp (NTRS) reported diluted earnings per share of $8.74 for fiscal year 2025. This represents a -10.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Northern Trust (NTRS) Financials

NTRS NASDAQ

Trailing 12 months to June 30, 2026

Revenue $9.1B +15.1% YoY

Net Income $2.2B +29.3% YoY

EPS (Diluted) $8.74 FY2025 annual

Free Cash Flow $445.3M -82.2% YoY

Market Cap $31.0B as of Oct 26, 2026

Price / Sales 3.4x on $9.1B revenue, trailing 12 months to June 30, 2026

Price / Earnings 13.8x on $2.2B net income, trailing 12 months to June 30, 2026

Price / Book 2.3x on $13.4B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NTRS SEC filings page.

Northern Trust Corp (NTRS) reported $9.1B in revenue over the twelve months to Jun 30, 2026, up 15.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NTRS FY2025 2026-10-25

Northern Trust is a liability-funded financial institution whose reported cash generation can swing sharply despite modest capital spending.

Cash conversion is highly volatile: operating cash flow shifted from -$486M in FY2024 to $5.5B in FY2025, while net income remained positive in both years. Because capital expenditures were only $74M in FY2025, the free-cash-flow reversal reflects operating and balance-sheet movements more than reinvestment needs.

Balance-sheet growth was funded mainly by liabilities. In FY2025, assets grew 13.9% while liabilities grew 15.0% and equity only 1.3%; liabilities represented 92.7% of assets and stood at 12.7x equity.

The earnings picture is stronger than FY2023 but less efficient than FY2024: FY2025 net income was $1.7B, return on equity was 13.4%, and net margin was 21.5%, each below the prior year's level. Over the same two-year span, revenue was up 19.4% and net income up 56.9%, indicating that profitability improved substantially from FY2023 even after the FY2025 pullback.

Financial Health Signals

Financial Health Score (4 of 6 dimensions) 62/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Northern Trust Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

Northern Trust Corp's revenue declined 2.5% year-over-year, from $8.3B to $8.1B. This contraction results in a growth score of 63/100.

Leverage

Liquidity

n/a

Not available for Northern Trust Corp, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

Cash Flow

Northern Trust Corp converts 67.5% of revenue into free cash flow ($5.5B). This strong cash generation earns a score of 97/100.

Returns

n/a

Not available for Northern Trust Corp, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

Piotroski F-Score Partial

4/6

Northern Trust Corp passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.

Earnings Quality Cash-Backed

3.19x

For every $1 of reported earnings, Northern Trust Corp generates $3.19 in operating cash flow ($5.5B OCF vs $1.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.7B

YoY+35.0%

QoQ+22.3%

5Y CAGR+11.3%

10Y CAGR+7.4%

Northern Trust Corp generated $2.7B in revenue in Q2 2026. This represents an increase of 35.0% from the same quarter a year earlier. Against the prior quarter it is up 22.3%.

Net Income

$792.2M

YoY+88.0%

QoQ+50.8%

5Y CAGR+16.6%

10Y CAGR+11.7%

Northern Trust Corp reported $792.2M in net income in Q2 2026. This represents an increase of 88.0% from the same quarter a year earlier. Against the prior quarter it is up 50.8%.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

-$90.3M

YoY-104.9%

QoQn/m

5Y CAGRn/m

10Y CAGRn/m

Northern Trust Corp recorded an outflow of $90.3M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 104.9% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Debt

$5.7B

YoY-10.7%

QoQ-1.4%

5Y CAGR+3.6%

Northern Trust Corp held $5.7B in cash as of Q2 2026; no long-term debt figure is on record for that period.

Dividends Per Share

$0.80

YoY+6.7%

QoQ0.0%

Northern Trust Corp paid $0.80 per share in dividends in Q2 2026. This represents an increase of 6.7% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

183M

YoY-4.3%

QoQ-1.1%

5Y CAGR-2.6%

10Y CAGR-2.1%

Northern Trust Corp had 183M shares outstanding in Q2 2026. This represents a decrease of 4.3% from the same quarter a year earlier. Against the prior quarter it is down 1.1%.

Margins & Returns

Net Margin

29.4%

YoY+8.3pp

QoQ+5.5pp

5Y change+6.1pp

10Y change+9.4pp

Northern Trust Corp's net profit margin was 29.4% in Q2 2026, showing the share of revenue converted to profit. This is up 8.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.5 percentage points.

Return on Equity

5.9%

YoY+2.6pp

QoQ+1.9pp

5Y change+2.8pp

10Y change+3.0pp

Northern Trust Corp's quarterly ROE was 5.9% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$350.6M

YoY+3.3%

QoQ-2.3%

5Y CAGR+63.3%

10Y CAGR+9.6%

Northern Trust Corp spent $350.6M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 3.3% from the same quarter a year earlier. Against the prior quarter it is down 2.3%.

Capital Expenditures

$25.4M

YoY+104.8%

QoQ+170.2%

5Y CAGR-2.2%

10Y CAGR+2.4%

Northern Trust Corp invested $25.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 104.8% from the same quarter a year earlier. Against the prior quarter it is up 170.2%.

R&D Spending

Not reported for Q2 2026.

NTRS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NTRS quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$9.1B	$8.1B-2.5%	$8.3B+22.4%	$6.8B+0.2%	$6.8B+4.6%	$6.5B+6.0%	$6.1B+0.5%	$6.1B+1.9%	$6.0B+10.9%	$5.4B+8.3%	$5.0B+5.5%	$4.7B+8.6%	$4.3B+5.9%	$4.1B+5.0%	$3.9B+3.3%	$3.8B
Interest Expense	$6.1B	$6.2B-18.1%	$7.6B+42.0%	$5.3B+439.4%	$990.5M+4061.8%	$23.8M-88.1%	$200.3M-75.6%	$822.0M+17.6%	$698.7M+105.4%	$340.2M+86.9%	$182.0M+18.3%	$153.9M-15.2%	$181.4M-18.4%	$222.4M-25.2%	$297.4M-25.6%	$399.5M
Income Tax	$777.3M	$602.6M-4.1%	$628.4M+75.8%	$357.5M-16.9%	$430.3M-7.4%	$464.8M+11.1%	$418.3M-7.4%	$451.9M+12.6%	$401.4M-7.7%	$434.9M-10.3%	$484.6M-1.3%	$491.2M+29.8%	$378.4M+9.9%	$344.2M+12.9%	$305.0M+8.9%	$280.1M
Net Income	$2.2B	$1.7B-14.5%	$2.0B+83.4%	$1.1B-17.1%	$1.3B-13.5%	$1.5B+27.8%	$1.2B-19.0%	$1.5B-4.1%	$1.6B+29.8%	$1.2B+16.1%	$1.0B+6.0%	$973.8M+20.0%	$811.8M+11.0%	$731.3M+6.4%	$687.3M+13.9%	$603.6M
EPS (Basic)	N/A	$8.78-10.4%	$9.80+92.5%	$5.09-17.4%	$6.16-14.0%	$7.16+30.7%	$5.48-17.7%	$6.66-0.3%	$6.68+34.9%	$4.95+13.8%	$4.35+7.9%	$4.03+20.7%	$3.34+11.0%	$3.01+6.7%	$2.82+14.2%	$2.47
EPS (Diluted)	—	$8.74-10.5%	$9.77+92.3%	$5.08-17.3%	$6.14-14.0%	$7.14+30.8%	$5.46-17.6%	$6.63-0.2%	$6.64+35.0%	$4.92+13.9%	$4.32+8.3%	$3.99+20.2%	$3.32+11.0%	$2.99+6.4%	$2.81+13.8%	$2.47
Diluted Shares (Avg)	N/A	192M-4.8%	202M-2.7%	208M-0.6%	209M0.0%	209M-0.1%	209M-3.1%	216M-4.0%	224M-2.2%	230M+0.2%	229M-2.2%	234M-1.5%	238M-1.2%	241M-0.1%	241M-0.4%	242M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$2.7B+35.0%	$2.2B+13.7%	$2.1B+8.3%	$2.0B+2.9%	$2.0B-26.4%	$1.9B+17.8%	$2.0B+26.8%	$2.0B+14.0%
Interest Expense	$1.5B-5.5%	$1.6B+0.5%	$1.5B-13.5%	$1.6B-21.1%	$1.6B-19.2%	$1.6B-18.0%	$1.7B0.0%	$2.0B+33.1%
Income Tax	$272.5M+89.9%	$175.1M+35.3%	$167.8M+20.9%	$161.9M+18.9%	$143.5M-48.3%	$129.4M+70.5%	$138.8M+324.5%	$136.2M+27.9%
Net Income	$792.2M+88.0%	$525.5M+34.1%	$466.0M+2.3%	$457.6M-1.6%	$421.3M-53.0%	$392.0M+82.6%	$455.4M+302.7%	$464.9M+41.8%
EPS (Basic)	N/A	$2.72+42.4%	$2.44+7.5%	$2.30+3.1%	$2.14-50.8%	$1.91+99.0%	$2.27+328.3%	$2.23+49.7%
EPS (Diluted)	N/A	$2.71+42.6%	$2.42+7.1%	$2.29+3.2%	$2.13-50.9%	$1.90+97.9%	$2.26+334.6%	$2.22+49.0%
Diluted Shares (Avg)	185M-4.4%	187M-4.9%	N/A	191M-4.8%	193M-5.1%	196M-4.4%	N/A	201M-3.2%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.

NTRS Balance Sheet

NTRS quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$177.1B+13.9%	$155.5B+3.1%	$150.8B-2.7%	$155.0B-15.7%	$183.9B+8.2%	$170.0B+24.2%	$136.8B+3.5%	$132.2B-4.6%	$138.6B+11.8%	$123.9B+6.1%	$116.7B+6.2%	$109.9B+6.8%	$102.9B+5.6%	$97.5B-2.8%	$100.2B
Cash & Equivalents	$5.9B+25.6%	$4.7B-2.4%	$4.8B+3.0%	$4.7B+52.3%	$3.1B-30.4%	$4.4B-1.6%	$4.5B-2.7%	$4.6B+1.4%	$4.5B-15.3%	$5.3B	N/A	N/A	N/A	N/A	N/A
Goodwill	$712.9M+2.6%	$694.9M-1.1%	$702.3M+1.6%	$691.3M-2.1%	$706.2M-0.1%	$707.2M+1.5%	$696.8M+4.1%	$669.3M+10.5%	$605.6M+16.6%	$519.4M-1.3%	$526.4M-1.3%	$533.2M-1.4%	$540.7M+0.5%	$537.8M+1.1%	$532.0M
Total Liabilities	$164.2B+15.0%	$142.7B+2.8%	$138.9B-3.4%	$143.8B-16.3%	$171.9B+8.6%	$158.3B+25.9%	$125.7B+3.3%	$121.7B-5.2%	$128.4B+12.5%	$114.2B+5.7%	$108.0B+6.4%	$101.5B+6.8%	$95.0B+5.7%	$89.9B-3.4%	$93.1B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.4B-33.4%	$2.1B
Total Equity	$13.0B+1.3%	$12.8B+7.5%	$11.9B+5.7%	$11.3B-6.3%	$12.0B+2.8%	$11.7B+5.5%	$11.1B+5.4%	$10.5B+2.9%	$10.2B+4.6%	$9.8B+12.2%	$8.7B+3.0%	$8.4B+6.8%	$7.9B+5.1%	$7.5B+5.8%	$7.1B
Retained Earnings	$16.7B+7.0%	$15.6B+9.7%	$14.2B+3.2%	$13.8B+5.2%	$13.1B+7.5%	$12.2B+4.7%	$11.7B+8.2%	$10.8B+11.3%	$9.7B+8.7%	$8.9B+8.1%	$8.2B+8.1%	$7.6B+6.9%	$7.1B+6.4%	$6.7B+6.4%	$6.3B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$179.3B+4.3%	$174.6B+5.8%	$177.1B+13.9%	$170.3B+9.3%	$171.9B+9.6%	$165.1B+5.7%	$155.5B+3.1%	$155.8B+6.4%
Cash & Equivalents	$5.7B-10.7%	$5.8B+33.1%	$5.9B+25.6%	$5.3B-22.2%	$6.4B-2.2%	$4.4B-17.7%	$4.7B-2.4%	$6.9B+38.7%
Goodwill	$709.6M-0.7%	$709.5M+1.3%	$712.9M+2.6%	$712.9M+0.7%	$714.6M+2.5%	$700.5M+0.4%	$694.9M-1.1%	$707.8M+2.2%
Total Liabilities	$165.9B+4.3%	$161.6B+6.2%	$164.2B+15.0%	$157.3B+10.0%	$159.0B+10.3%	$152.2B+5.7%	$142.7B+2.8%	$143.0B+6.3%
Total Equity	$13.4B+4.2%	$13.0B+0.8%	$13.0B+1.3%	$13.0B+1.6%	$12.9B+1.7%	$12.9B+6.4%	$12.8B+7.5%	$12.7B+7.6%
Retained Earnings	$17.7B+9.9%	$17.1B+7.7%	$16.7B+7.0%	$16.4B+7.1%	$16.1B+7.3%	$15.8B+10.9%	$15.6B+9.7%	$15.3B+7.2%

Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

NTRS Cash Flow Statement

NTRS quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$529.3M	$5.5Bn/m	-$486.0M-118.5%	$2.6B+9.7%	$2.4B+76.4%	$1.4B-28.5%	$1.9B-26.8%	$2.6B+46.6%	$1.8B+2.7%	$1.7B+13.9%	$1.5B-17.7%	$1.8B+96.0%	$936.0M+11.5%	$839.3M+3.1%	$814.4M-35.1%	$1.3B
Depreciation & Amortization	N/A	$779.1M+8.7%	$716.8M+13.0%	$634.6M+14.6%	$553.6M+7.4%	$515.6M+3.1%	$500.3M+9.0%	$458.9M-0.4%	$460.9M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Stock-Based Compensation	N/A	$126.5M+5.9%	$119.4M+1.0%	$118.2M-5.6%	$125.2M+31.1%	$95.5M+4.5%	$91.4M-15.3%	$107.9M-17.6%	$130.9M+2.3%	$128.0M+47.5%	$86.8M+13.6%	$76.4M-1.7%	$77.7M+5.3%	$73.8M-0.1%	$73.9M+5.1%	$70.3M
Capital Expenditures	$84.0M	$74.0M-27.1%	$101.5M-12.9%	$116.5M-9.4%	$128.6M+34.7%	$95.5M-29.7%	$135.8M-14.1%	$158.0M+61.9%	$97.6M+6.6%	$91.6M-17.7%	$111.3M+13.0%	$98.5M+20.3%	$81.9M-10.9%	$91.9M+25.4%	$73.3M-24.4%	$96.9M
Free Cash Flow	$445.3M	$5.5Bn/m	-$587.5M-123.4%	$2.5B+10.8%	$2.3B+79.6%	$1.3B-28.4%	$1.8B-27.6%	$2.4B+45.8%	$1.7B+2.5%	$1.6B+16.5%	$1.4B-19.4%	$1.7B+103.2%	$854.1M+14.3%	$747.4M+0.9%	$741.1M-36.0%	$1.2B
Investing Cash Flow	-$7.6B	-$20.2Bn/m	-$2.6B-153.6%	$4.8B-81.5%	$25.9Bn/m	-$18.6Bn/m	-$29.9Bn/m	-$3.4B-178.7%	$4.3Bn/m	-$14.0Bn/m	-$10.2Bn/m	-$6.9Bn/m	-$8.2Bn/m	-$5.7B-449.2%	$1.6Bn/m	-$15.4B
Financing Cash Flow	$6.5B	$15.2B+341.2%	$3.4Bn/m	-$7.2Bn/m	-$26.4B-264.5%	$16.1B-42.3%	$27.9B+4425.4%	$615.9Mn/m	-$5.8B-151.7%	$11.3B+49.3%	$7.5B-11.7%	$8.5B+20.6%	$7.1B+61.2%	$4.4Bn/m	-$3.1B-119.4%	$15.8B
Dividends Paid	$596.9M	$591.6M-1.8%	$602.3M-3.1%	$621.5M-17.2%	$750.2M+28.6%	$583.3M-0.2%	$584.6M+10.4%	$529.7M+30.7%	$405.4M+13.6%	$356.8M+7.1%	$333.0M+3.6%	$321.4M+6.1%	$302.9M+37.3%	$220.6M-37.7%	$354.3M+29.4%	$273.7M
Share Buybacks	$1.4B	$1.3B+35.8%	$937.8M+169.9%	$347.5M+881.6%	$35.4M-86.8%	$267.6M-10.7%	$299.8M-72.8%	$1.1B+19.0%	$924.3M+76.7%	$523.1M+27.2%	$411.1M-17.3%	$496.9M+3.4%	$480.7M+55.2%	$309.7M+90.7%	$162.4M+105.6%	$79.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$64.9M-103.5%	-$320.0M-111.6%	$388.4Mn/m	$525.8M-14.0%	$1.9B-37.5%	$2.7Bn/m	-$2.6B-194.0%	$611.1M+604.8%
Depreciation & Amortization	$198.4M+1.4%	$197.1M+3.4%	$196.9M+7.7%	$195.8M+6.9%	$195.7M+8.4%	$190.7M+12.0%	$182.9M+8.2%	$183.1M+16.3%
Stock-Based Compensation	$52.8M+190.1%	$74.3M+3.3%	N/A	$17.6M+19.7%	$18.2M+7.1%	$71.9M+8.3%	N/A	$14.7M-10.9%
Capital Expenditures	$25.4M+104.8%	$9.4M-24.2%	$32.8M-19.4%	$16.4M-36.2%	$12.4M-40.4%	$12.4M-13.3%	$40.7M-36.2%	$25.7M+21.8%
Free Cash Flow	-$90.3M-104.9%	-$329.4M-112.0%	$355.6Mn/m	$509.4M-13.0%	$1.9B-37.5%	$2.7Bn/m	-$2.7B-197.7%	$585.4M+792.4%
Investing Cash Flow	-$4.8Bn/m	$3.5Bn/m	-$7.1Bn/m	$807.7M-76.8%	-$3.6B-481.0%	-$10.3Bn/m	-$2.2Bn/m	$3.5B-65.4%
Financing Cash Flow	$4.8B+35.7%	-$3.1B-145.8%	$7.1B+126.4%	-$2.3Bn/m	$3.5Bn/m	$6.8B-1.6%	$3.2B+84.5%	-$4.0Bn/m
Dividends Paid	$146.9M+2.0%	$148.5M+1.6%	$149.6M+1.4%	$151.9M+1.8%	$144.0M-5.2%	$146.1M-4.9%	$147.6M-4.3%	$149.2M-4.0%
Share Buybacks	$350.6M+3.3%	$358.9M+25.0%	$369.9M+45.9%	$277.0M-8.1%	$339.4M+35.3%	$287.2M+117.6%	$253.6M+73.5%	$301.4M+27300.0%

NTRS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NTRS quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	21.5%-3.0pp	24.5%+8.1pp	16.4%-3.4pp	19.8%-4.1pp	23.9%+4.1pp	19.8%-4.8pp	24.6%-1.5pp	26.1%+3.8pp	22.3%+1.5pp	20.8%+0.1pp	20.7%+2.0pp	18.7%+0.9pp	17.9%+0.2pp	17.6%+1.6pp	16.0%
Return on Equity	13.4%-2.5pp	15.9%+6.6pp	9.3%-2.6pp	11.9%-1.0pp	12.9%+2.5pp	10.3%-3.1pp	13.5%-1.3pp	14.8%+3.1pp	11.7%+1.2pp	10.6%-0.6pp	11.2%+1.6pp	9.6%+0.4pp	9.2%+0.1pp	9.1%+0.7pp	8.5%
Return on Assets	1.0%-0.3pp	1.3%+0.6pp	0.7%-0.1pp	0.9%0.0pp	0.8%+0.1pp	0.7%-0.4pp	1.1%-0.1pp	1.2%+0.3pp	0.9%0.0pp	0.8%0.0pp	0.8%+0.1pp	0.7%0.0pp	0.7%0.0pp	0.7%+0.1pp	0.6%
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.19-0.1x	0.30
Liabilities-to-Equity	12.67+1.5x	11.16-0.5x	11.67-1.1x	12.77-1.5x	14.30+0.8x	13.54+2.2x	11.35-0.2x	11.58-1.0x	12.57+0.9x	11.68-0.7x	12.41+0.4x	12.010.0x	12.01+0.1x	11.95-1.1x	13.08
Asset Turnover	0.050.0x	0.050.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.050.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.04
FCF Margin	67.5%+74.6pp	-7.1%-44.1pp	37.0%+3.6pp	33.5%+14.0pp	19.5%-9.4pp	28.9%-11.2pp	40.1%+12.1pp	28.0%-2.3pp	30.3%+2.1pp	28.2%-8.7pp	36.9%+17.2pp	19.7%+1.4pp	18.3%-0.7pp	19.0%-11.7pp	30.7%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	29.4%+8.3pp	23.8%+3.6pp	21.9%-1.3pp	22.6%-1.0pp	21.1%-11.9pp	20.2%+7.2pp	23.2%+15.9pp	23.6%+4.6pp
Return on Equity	5.9%+2.6pp	4.0%+1.0pp	3.6%0.0pp	3.5%-0.1pp	3.3%-3.8pp	3.0%+1.3pp	3.6%+2.6pp	3.6%+0.9pp
Return on Assets	0.4%+0.2pp	0.3%+0.1pp	0.3%0.0pp	0.3%0.0pp	0.3%-0.3pp	0.2%+0.1pp	0.3%+0.2pp	0.3%+0.1pp
Liabilities-to-Equity	12.380.0x	12.44+0.6x	12.67+1.5x	12.14+0.9x	12.36+1.0x	11.82-0.1x	11.16-0.5x	11.22-0.1x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x
FCF Margin	-3.4%-96.3pp	-14.9%	16.8%	25.1%-4.6pp	93.0%	141.1%	-136.5%	29.7%+25.9pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, Debt-to-Equity.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Northern Trust Corp NTRS	FY2025	$8.1B	$1.7B	21.5%	$31.0B	62/100
T Rowe Price Group Inc TROW	FY2025	$7.3B	$2.1B	28.5%	$22.1B	76/100
State Street Corporation STT	FY2025	$13.9B	$2.9B	21.1%	$46.4B	49/100
The Carlyle Group Inc. CG	FY2025	$4.8B	$808.7M	16.9%	$13.8B	44/100
TPG Inc. TPG	FY2025	$4.7B	$184.6M	4.0%	$17.2B	61/100
Raymond James Financial, Inc. RJF	FY2025	$14.1B	$2.1B	15.2%	$30.4B	54/100

Where Northern Trust Corp Ranks

Frequently Asked Questions

What is Northern Trust Corp's annual revenue?

Northern Trust Corp (NTRS) reported $8.1B in total revenue for fiscal year 2025. This represents a -2.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Northern Trust Corp's revenue growing?

Northern Trust Corp (NTRS) revenue declined by 2.5% year-over-year, from $8.3B to $8.1B in fiscal year 2025.

Is Northern Trust Corp profitable?

Yes, Northern Trust Corp (NTRS) reported a net income of $2.2B over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $1.7B, with a net profit margin of 21.5%.

What is Northern Trust Corp's net profit margin?

Northern Trust Corp (NTRS) had a net profit margin of 21.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Northern Trust Corp pay dividends?

Yes, Northern Trust Corp (NTRS) paid $3.10 per share in dividends during fiscal year 2025.

What is Northern Trust Corp's return on equity (ROE)?

Northern Trust Corp (NTRS) has a return on equity of 13.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Northern Trust Corp's free cash flow?

Northern Trust Corp (NTRS) generated $5.5B in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Northern Trust Corp's operating cash flow?

Northern Trust Corp (NTRS) generated $5.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Northern Trust Corp's total assets?

Northern Trust Corp (NTRS) had $177.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Northern Trust Corp's capital expenditures?

Northern Trust Corp (NTRS) invested $74.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Northern Trust Corp buy back shares?

Yes, Northern Trust Corp (NTRS) spent $1.3B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Northern Trust Corp have outstanding?

Northern Trust Corp (NTRS) had 186M shares outstanding as of fiscal year 2025.

What is Northern Trust Corp's liabilities-to-equity ratio?

Northern Trust Corp (NTRS) had a liabilities-to-equity ratio of 12.67 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.

What is Northern Trust Corp's return on assets (ROA)?

Northern Trust Corp (NTRS) had a return on assets of 1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Northern Trust Corp's P/E ratio?

Northern Trust Corp (NTRS) trades at 13.8x earnings, its market capitalization divided by $2.2B net income, trailing 12 months to June 30, 2026. The market capitalization is $31.0B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Northern Trust Corp's price-to-sales ratio?

Northern Trust Corp (NTRS) trades at 3.4x sales, its market capitalization divided by $9.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $31.0B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Northern Trust Corp's Piotroski F-Score?

Northern Trust Corp (NTRS) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Northern Trust Corp's earnings high quality?

Northern Trust Corp (NTRS) has an earnings quality ratio of 3.19x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Northern Trust Corp?

Northern Trust Corp (NTRS) scores 62 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Northern Trust Corp it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.