Northern Trust Corp (NTRS)

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytics services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage, transition management, banking, and cash management services. It serves corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors. The Wealth Management segment offers trust, investment management, custody, and philanthropic services; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage; and private and business banking services. This segment also provides global custody, fiduciary services, family office consulting, and technology solutions to high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately held businesses. In addition, it offers asset management and related services comprising active and passive equity; active and passive fixed income; cash management; multi-asset and alternative asset classes that include private equity and hedge funds of funds; and multi-manager advisory services and products through separately managed accounts, bank common and collective funds, registered investment companies, exchange-traded funds, non-U.S. collective investment funds, and unregistered private investment funds. Further, the company provides overlay and other risk management services. The company was founded in 1889 and is headquartered in Chicago, Illinois.

Symbol
NTRS
Exchange
Nasdaq
Sector
Financial Services
Industry
Asset Management
Market cap
$31.36B
52 week range
121.12 - 195.78

Valuation

Share price
$171.40 (close of 2026-10-02)
P/E (TTM)
14.58x
Price to book
2.34x
Price to free cash flow
70.42x
Enterprise value
$39.65B
Book value per share
$73.25

Price performance

PeriodChange
1 day+1.30%
5 days-2.46%
1 month-6.84%
3 months-2.89%
6 months+20.49%
Year to date+25.49%
1 year+28.64%
3 years+152.65%
5 years+56.92%
10 years+152.10%
All time+21060.49%

Members of Congress who disclosed NTRS trades

Lisa McClain · Val Hoyle

Super investors holding NTRS

John Rogers (Ariel Investments LLC) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates) · Yacktman Asset Mgmt (Yacktman Asset Management LP) · Mairs & Power (Mairs & Power Inc)

Profitability and growth

Return on equity
13.40%
Return on assets
0.98%
Net margin
34.61%
EBITDA margin
185.98%
Revenue growth
6.13%
Net income growth
-14.48%
Free cash flow growth
1029.28%

Cash flow and balance sheet

Free cash flow yield (TTM)
1.42%
Net debt to EBITDA
0.89x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$5.02B
EBITDA
$9.33B
Net income
$1.74B
Earnings per share
$8.78
Interest expense
$6.21B
Shares outstanding
191.36M

Income statement by year

Period endRevenueNet incomeEPS
2025-12-31$5.02B$1.74B$8.78
2024-12-31$4.73B$2.03B$9.80
2023-12-31$4.36B$1.11B$5.09
2022-12-31$4.43B$1.34B$6.16
2021-12-31$4.36B$1.55B$7.16
2020-12-31$4.00B$1.21B$5.48
2019-12-31$3.85B$1.49B$6.66
2018-12-31$3.75B$1.56B$6.68
2017-12-31$3.43B$1.20B$4.95
2016-12-31$4.96B$1.03B$4.35

Margins and returns by year

Period endNet marginReturn on equity
2025-12-3134.61%13.40%
2024-12-3142.96%15.88%
2023-12-3125.39%9.31%
2022-12-3130.14%11.87%
2021-12-3135.43%12.86%
2020-12-3130.27%10.35%
2019-12-3138.74%13.47%
2018-12-3141.46%14.81%
2017-12-3134.91%11.74%
2016-12-3120.81%10.57%

Cash and debt by year

Period endCash
2025-12-31$5.87B
2024-12-31$4.68B
2023-12-31$4.79B
2022-12-31$4.65B
2021-12-31$3.06B
2020-12-31$4.39B
2019-12-31$4.46B
2018-12-31$4.58B
2017-12-31$4.52B
2016-12-31$5.33B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$5.46B$126.50M
2024-12-31-$587.50M$119.40M
2023-12-31$2.51B$118.20M
2022-12-31$2.26B$125.20M
2021-12-31$1.26B$95.50M
2020-12-31$1.76B$91.40M
2019-12-31$2.43B$107.90M
2018-12-31$1.67B$130.90M
2017-12-31$1.63B$128.00M
2016-12-31$1.40B$86.80M

Dividend history

Most recent payment
2026-09-04
Paid in the last twelve months
$3.28
Payment dateDividend per share
2026-09-04$0.88
2026-06-05$0.80
2026-03-06$0.80
2025-12-05$0.80
2025-09-05$0.80
2025-06-06$0.75
2025-03-14$0.75
2024-12-06$0.75

Investor relations

Next earnings report

Next confirmed report
2026-10-21
Consensus EPS estimate
$2.83

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-22Jun/2026$2.68
2026-04-21Mar/2026$2.37
2026-01-22Dec/2025$2.37
2025-10-22Sep/2025$2.26
2025-07-23Jun/2025$2.08
2025-04-22Mar/2025$1.85
2025-01-23Dec/2024$2.02
2024-10-23Sep/2024$1.73

Filings and sources

Company website
northerntrust.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

Similar companies

Raymond James Financial Inc (RJF) · Ameriprise Financial Inc (AMP) · Ares Management Corp (ARES) · State Street Corp (STT) · Principal Financial Group Inc (PFG) · Apollo Global Management, Inc. (APO) · T. Rowe Price Group Inc (TROW) · Brookfield Corp (BN)

All Financial Services companies

Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades