NORTHERN TRUST CORP NTRS

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

Last close 167.92 2026-10-23
Market cap $30.72B 2026-06-30 share count
52-week range 121.53 - 195.78

Valuation FY2025 figures against the last close

P/S6.1x
P/E19.2x
P/FCF5.6x
EV/EBITDA—
Dividend yield1.9%
Diluted EPS8.74

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Asset Servicing segment
  • Wealth Management segment
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Asset Servicing segment, FY2025: 2.8B (55.8%) 56% Asset Servicing segment Wealth Management segment, FY2025: 2.2B (44.2%) 44% Wealth Management segment FY2024 Asset Servicing segment, FY2024: 2.6B (55.7%) 56% Wealth Management segment, FY2024: 2.1B (44.3%) 44% FY2023 Asset Servicing segment, FY2023: 2.5B (56.4%) 56% Wealth Management segment, FY2023: 1.9B (43.6%) 44%
Segment FY2025FY2024FY2023
Asset Servicing segment $2.80B $2.63B $2.46B
Wealth Management segment $2.22B $2.10B $1.90B

As the company reported it, from the “Reporting Segments and Related Information - Information by Reporting Segment (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $5.02B$4.73B$4.36B$4.43B$4.36B$4.00B$3.85B$3.75B$3.43B$4.96B
Interest expense $2.41B$2.18B$1.98B$1.89B$23.8M$200.3M$822.0M$698.7M$340.2M$182.0M
Pre-tax income $2.34B$2.66B$1.46B$1.77B$2.01B$1.63B$1.94B$1.96B$1.63B$1.52B
Income tax $602.6M$628.4M$357.5M$430.3M$464.8M$418.3M$451.9M$401.4M$434.9M$484.6M
Net income $1.74B$2.03B$1.11B$1.34B$1.55B$1.21B$1.49B$1.56B$1.20B$1.03B
EPS, basic 8.789.805.096.167.165.486.666.684.954.35
EPS, diluted 8.749.775.086.147.145.466.636.644.924.32
Shares, diluted (wtd. avg.) 192.2M201.9M207.6M208.9M208.9M209.0M215.6M224.5M229.7M229.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $5.87B$4.68B$4.79B$4.65B$3.06B$4.39B$4.46B$4.58B$4.52B$5.33B
Property, plant and equipment $464.6M$490.3M$502.2M$500.5M$488.7M$514.9M$483.3M$428.2M$464.6M$466.6M
Goodwill $712.9M$694.9M$702.3M$691.3M$706.2M$707.2M$696.8M$669.3M$605.6M$519.4M
Other intangibles ——————$120.6M$138.6M$161.4M$41.8M
Total assets $177.13B$155.51B$150.78B$155.04B$183.89B$170.00B$136.83B$132.21B$138.59B$123.93B
Total liabilities $164.17B$142.72B$138.89B$143.78B$171.87B$158.32B$125.74B$121.70B$128.37B$114.16B
Retained earnings $16.71B$15.61B$14.23B$13.80B$13.12B$12.21B$11.66B$10.78B$9.69B$8.91B
Total equity $12.96B$12.79B$11.90B$11.26B$12.02B$11.69B$11.08B$10.51B$10.22B$9.77B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $5.53B-$486.0M$2.63B$2.39B$1.36B$1.90B$2.59B$1.77B$1.72B$1.51B
Depreciation and amortisation $779.1M$716.8M$634.6M$553.6M$515.6M$500.3M$458.9M$460.9M——
Capital expenditure $74.0M$101.5M$116.5M$128.6M$95.5M$135.8M$158.0M$97.6M$91.6M$111.3M
Investing cash flow -$20.17B-$2.56B$4.78B$25.93B-$18.60B-$29.92B-$3.40B$4.33B-$14.02B-$10.19B
Financing cash flow $15.18B$3.44B-$7.18B-$26.44B$16.07B$27.87B$615.9M-$5.82B$11.25B$7.54B
Dividends paid $591.6M$602.3M$621.5M$750.2M$583.3M$584.6M$529.7M$405.4M$356.8M$333.0M
Buybacks $1.27B$937.8M$347.5M$35.4M$267.6M$299.8M$1.10B$924.3M$523.1M$411.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000073124-26-000016.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 5B Net income, FY2016: 1B Revenue, FY2017: 3.4B Net income, FY2017: 1.2B Revenue, FY2018: 3.8B Net income, FY2018: 1.6B Revenue, FY2019: 3.9B Net income, FY2019: 1.5B Revenue, FY2020: 4B Net income, FY2020: 1.2B Revenue, FY2021: 4.4B Net income, FY2021: 1.5B Revenue, FY2022: 4.4B Net income, FY2022: 1.3B Revenue, FY2023: 4.4B Net income, FY2023: 1.1B Revenue, FY2024: 4.7B Net income, FY2024: 2B Revenue, FY2025: 5B Net income, FY2025: 1.7B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $4.96B $3.43B $3.75B $3.85B $4.00B $4.36B $4.43B $4.36B $4.73B $5.02B
Gross profit — — — — — — — — — —
Net income $1.03B $1.20B $1.56B $1.49B $1.21B $1.55B $1.34B $1.11B $2.03B $1.74B

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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