Northern Trust NTRS · USD
Financials · Capital Markets · US listing · 🇺🇸 United States
S&P 500
177.65
+2.83%
Close of 9 Nov 2026, in USD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in USD, from our data supplier.
Revenue, before interest expense
$14.30bn
FY2016FY2025
Net income
$1.74bn
FY2016FY2025
Total assets
$177.13bn
FY2016FY2025
Shareholders' equity
$12.96bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | $14.30bn | $15.88bn | $12.12bn | $7.75bn | $6.49bn | $6.30bn | $6.90bn | $6.66bn | $5.72bn | $5.02bn |
| Operating income | $2.33bn | $2.66bn | $1.46bn | $1.77bn | $2.01bn | $1.63bn | $1.94bn | $1.96bn | $1.63bn | $1.52bn |
| Net income | $1.74bn | $2.03bn | $1.11bn | $1.34bn | $1.55bn | $1.21bn | $1.49bn | $1.56bn | $1.20bn | $1.03bn |
| Diluted earnings per share | 9.21 | 10.25 | 5.36 | 6.40 | 7.41 | 5.79 | 7.04 | 7.03 | 5.26 | 4.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $177.13bn | $155.51bn | $150.78bn | $155.04bn | $183.89bn | $170.00bn | $136.83bn | $132.21bn | $138.59bn | $123.93bn |
| Cash and short-term investments | $63.78bn | $56.54bn | $64.93bn | $74.52bn | $3.06bn | $4.39bn | $4.46bn | $4.72bn | $4.54bn | $5.34bn |
| Total liabilities | $164.17bn | $142.72bn | $138.89bn | $143.78bn | $7.24bn | $8.60bn | $125.74bn | $121.70bn | $128.37bn | $114.16bn |
| Debt | $159.23bn | $138.48bn | $133.40bn | $138.78bn | $167.70bn | $152.78bn | $120.91bn | $118.56bn | $124.79bn | $110.55bn |
| Shareholders' equity | $12.96bn | $12.79bn | $11.90bn | $11.26bn | $176.65bn | $161.40bn | $11.09bn | $10.51bn | $10.22bn | $9.77bn |
| Shares outstanding | 189m | 198m | 206m | 209m | 209m | 209m | 212m | 222m | 228m | 229m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | $4.21bn | $3.79bn | $3.61bn | $3.58bn | $3.60bn | $3.51bn | $3.68bn | $3.94bn |
| Operating income | $1.06bn | $700.6m | $625.8m | $619.5m | $564.8m | $521.4m | $594.2m | $601.1m |
| Net income | $792.2m | $525.5m | $466.0m | $457.6m | $421.3m | $392.0m | $455.4m | $464.9m |
| Diluted earnings per share | 4.28 | 2.84 | 2.47 | 2.43 | 2.23 | 2.08 | 2.30 | 2.35 |
| Total assets | $179.30bn | $174.57bn | $177.13bn | $170.26bn | $171.88bn | $165.07bn | $155.51bn | $155.75bn |
| Cash and short-term investments | $51.76bn | $47.65bn | $63.78bn | $71.34bn | $73.40bn | $69.32bn | $56.54bn | $60.09bn |
| Debt | $24.39bn | $24.21bn | $26.94bn | $15.64bn | $16.69bn | $16.14bn | $15.99bn | $16.73bn |
| Shareholders' equity | $13.40bn | $12.99bn | $12.96bn | $12.96bn | $12.87bn | $12.88bn | $12.79bn | $12.75bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 16.3% | 16.8% | 12.1% | 22.8% | 31.0% | 25.8% |
| Net margin | 12.1% | 12.8% | 9.1% | 17.2% | 23.8% | 19.2% |
| Return on equity | 13.4% | 15.9% | 9.3% | 11.9% | 0.9% | 0.7% |
| Return on assets | 1.0% | 1.3% | 0.7% | 0.9% | 0.8% | 0.7% |
| Revenue growth | -9.9% | 31.0% | 56.3% | 19.5% | 3.0% | -8.6% |
| Earnings growth | -14.5% | 83.4% | -17.1% | -13.5% | 27.8% | -19.0% |
| Current ratio | 0.41x | 0.45x | 0.54x | 0.60x | 170.44x | 1.76x |
| Debt to equity | 2.08x | 1.25x | 1.45x | 1.32x | 0.04x | 0.08x |
| Equity ratio | 7.3% | 8.2% | 7.9% | 7.3% | 96.1% | 94.9% |
| Interest coverage | 0.38x | 0.35x | 0.27x | 1.78x | 84.46x | 8.13x |
| Buybacks as a share of market value | 4.8% | 4.1% | 1.2% | -0.1% | 0.2% | 1.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.6% | 17.8% | 11.6% |
| Operating income | 9.7% | 7.5% | 4.8% |
| Net income | 9.1% | 7.5% | 6.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 16.5% | 16.4% | 18.9% | 22.2% |
| Net margin | 12.5% | 12.4% | 14.3% | 16.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.8 | 10.0 | 15.7 | 13.8 | 16.1 | 16.1 | 15.1 | 11.9 | 19.0 | 19.8 |
| Price to sales | 1.8 | 1.3 | 1.4 | 2.4 | 3.9 | 3.1 | 3.3 | 2.8 | 4.0 | 4.1 |
Market value over time
31 Oct 2016 to 23 Sept 2026, in USD
$16.51bn$32.17bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 38% | 17% | -2% | -24% | 26% | -15% | 32% | -18% | 9% | 28% |
Dividends and splits
Per share, in the currency the company pays
Paid for 37 years. Last went ex-dividend on 4 Dec 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.36 | 3.10 | 3.00 | 3.00 | 2.90 | 2.80 | 2.80 | 2.60 |
- 2-for-1 split · 10 Dec 1999
- 2-for-1 split · 10 Dec 1996
- 3-for-2 split · 10 Dec 1992
- 2-for-1 split · 1 May 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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