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

Northern Trust Corporation (NTRSO) 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 Corporation (NTRSO) Financials

NTRSO

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

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 NTRSO SEC filings page.

Northern Trust Corporation (NTRSO) 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 NTRSO FY2025 2026-08-29

A liability-funded balance sheet turns volatile cash flows and investment funding into the central operating mechanic.

The earnings-to-cash relationship is unusually swingy: FY2024 net income of $2.0B coincided with operating cash flow of -$486M, then FY2025 net income of $1.7B was accompanied by operating cash flow of $5.5B. That reversal means reported profit alone does not describe period economics; cash timing or operating balance-sheet movements materially shape results.

At FY2025, liabilities of $164.2B stood against equity of $13.0B, indicating a balance sheet funded overwhelmingly by obligations. The resulting 12.7x debt-to-equity ratio and 1.0% ROA show why asset productivity matters more than headline net margin.

The business appears less capital-intensive in maintenance spending than its financing flows suggest: FY2025 capex was only $74M while investing cash flow was -$20.2B. Free cash flow of $5.5B nearly matched operating cash flow of $5.5B, but the much larger investing outflow means free cash flow does not represent total capital deployment.

Financial Health Signals

Financial health score not available

Northern Trust Corporation does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/6

Northern Trust Corporation 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, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

3.19x

For every $1 of reported earnings, Northern Trust Corporation 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 Corporation 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 Corporation 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%

QoQ+72.6%

Northern Trust Corporation 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. Against the prior quarter it is up 72.6%.

Cash & Debt

$5.7B

YoY-10.7%

QoQ-1.4%

5Y CAGR+3.6%

Northern Trust Corporation held $5.7B in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.80

YoY+6.7%

QoQ0.0%

Northern Trust Corporation 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 Corporation 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 Corporation'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 Corporation's ROE was 5.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. 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 Corporation 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 Corporation 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.

NTRSO 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.

NTRSO 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
SG&A Expenses	$6.0B	$5.8B+2.1%	$5.6B+6.6%	$5.3B+6.0%	$5.0B+9.9%	$4.5B+4.3%	$4.3B+4.9%	$4.1B+3.2%	$4.0B+6.6%	$3.8B+8.6%	$3.5B+5.8%	$3.3B+4.6%	$3.1B+4.7%	$3.0B+4.0%	$2.9B+1.7%	$2.8B
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-Q	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%
SG&A Expenses	$868.0M+18.5%	$822.2M+9.0%	$2.8B+106.8%	$1.4B+4.7%	$732.5M-52.2%	$754.1M-44.7%	$1.4B-0.9%	$1.4B+6.4%
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, Operating Income, EBITDA.

NTRSO Balance Sheet

NTRSO 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
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	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-Q	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%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
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, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

NTRSO Cash Flow Statement

NTRSO 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	$5.5B+1238.6%	-$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	$5.5B+1029.3%	-$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	-$20.2B-686.8%	-$2.6B-153.6%	$4.8B-81.5%	$25.9B+239.4%	-$18.6B+37.8%	-$29.9B-778.8%	-$3.4B-178.7%	$4.3B+130.9%	-$14.0B-37.6%	-$10.2B-47.7%	-$6.9B+16.2%	-$8.2B-44.9%	-$5.7B-449.2%	$1.6B+110.6%	-$15.4B
Financing Cash Flow	$6.5B	$15.2B+341.2%	$3.4B+147.9%	-$7.2B+72.8%	-$26.4B-264.5%	$16.1B-42.3%	$27.9B+4425.4%	$615.9M+110.6%	-$5.8B-151.7%	$11.3B+49.3%	$7.5B-11.7%	$8.5B+20.6%	$7.1B+61.2%	$4.4B+242.8%	-$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-Q	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%	$388.4M+114.7%	$525.8M-14.0%	$1.9B-37.5%	$2.7B+289.3%	-$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%	$355.6M+113.3%	$509.4M-13.0%	$1.9B-37.5%	$2.7B+286.6%	-$2.7B-197.7%	$585.4M+792.4%
Investing Cash Flow	-$4.8B-33.8%	$3.5B+133.9%	-$7.1B-220.3%	$807.7M-76.8%	-$3.6B-481.0%	-$10.3B-114.6%	-$2.2B+54.6%	$3.5B-65.4%
Financing Cash Flow	$4.8B+35.7%	-$3.1B-145.8%	$7.1B+126.4%	-$2.3B+42.6%	$3.5B+233.3%	$6.8B-1.6%	$3.2B+84.5%	-$4.0B+59.7%
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%

NTRSO 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.

NTRSO 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	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+11.8x	0.19-0.1x	0.30
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-Q	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
Debt-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.

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.

Where Northern Trust Corporation Ranks

Frequently Asked Questions

What is Northern Trust Corporation's annual revenue?

Northern Trust Corporation (NTRSO) 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 Corporation's revenue growing?

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

Is Northern Trust Corporation profitable?

Yes, Northern Trust Corporation (NTRSO) reported a net income of $1.7B in fiscal year 2025, with a net profit margin of 21.5%.

What is Northern Trust Corporation's net profit margin?

Northern Trust Corporation (NTRSO) 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 Corporation pay dividends?

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

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

Northern Trust Corporation (NTRSO) 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 Corporation's free cash flow?

Northern Trust Corporation (NTRSO) generated $5.5B in free cash flow during fiscal year 2025. This represents a 1029.3% change compared to the previous fiscal year. 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 Corporation's operating cash flow?

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

What are Northern Trust Corporation's total assets?

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

What are Northern Trust Corporation's capital expenditures?

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

Does Northern Trust Corporation buy back shares?

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

How many shares does Northern Trust Corporation have outstanding?

Northern Trust Corporation (NTRSO) had 186M shares outstanding as of fiscal year 2025.

What is Northern Trust Corporation's debt-to-equity ratio?

Northern Trust Corporation (NTRSO) had a debt-to-equity ratio of 12.67 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

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

Northern Trust Corporation (NTRSO) 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 Corporation's Piotroski F-Score?

Northern Trust Corporation (NTRSO) 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 Corporation's earnings high quality?

Northern Trust Corporation (NTRSO) 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.