Northern Trust Corp (NTRS) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, Northern Trust reported revenue of $8.09B, down 2.5% from $8.29B the year before. Net income was $1.74B (a 21.5% net margin), or $8.74 per diluted share. Net interest income was $2.41B, and the efficiency ratio (noninterest expense / revenue) was 71.2%. Operating activities generated $5.53B of cash, leaving $5.46B of free cash flow. At fiscal year end, Northern Trust held $177.13B in total assets against $164.17B in total liabilities.
Open the full interactive Northern Trust financials → Quarterly statements, key ratios, valuation history and price charts.
Northern Trust Key Stats
| Share Price | $167.48 |
|---|---|
| Market Cap | $30.97B |
| P/E Ratio | 19.2 |
| Revenue YoY Growth | -2.5% |
| 52-Week Range | $120.18 – $190.57 |
| Shares Outstanding | 184.0 million (basic, 2026 Q2) |
Northern Trust Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $1.44B | $1.38B | $1.89B | $1.98B | $2.18B | $2.41B |
| Provision for Credit Losses | $125.0M | -$81.5M | $12.0M | $24.5M | -$3.0M | -$7.5M |
| Noninterest Income | $4.66B | $5.08B | $4.87B | $4.79B | $6.11B | $5.68B |
| Noninterest Expense | $4.35B | $4.54B | $4.98B | $5.28B | $5.63B | $5.75B |
| Revenue | $6.10B | $6.46B | $6.76B | $6.77B | $8.29B | $8.09B |
| Pre-Tax Income | $1.63B | $2.01B | $1.77B | $1.46B | $2.66B | $2.34B |
| Income Tax | $418.3M | $464.8M | $430.3M | $357.5M | $628.4M | $602.6M |
| Net Income | $1.21B | $1.55B | $1.34B | $1.11B | $2.03B | $1.74B |
| Diluted EPS | $5.46 | $7.14 | $6.14 | $5.08 | $9.77 | $8.74 |
Northern Trust Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.03B | $2.12B | $2.21B | $2.70B |
| Net Income | $457.6M | $466.0M | $525.5M | $792.2M |
| Diluted EPS | $2.29 | $2.42 | $2.71 | $4.28 |
Northern Trust Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Total Assets | $170.00B | $183.89B | $155.04B | $150.78B | $155.51B | $177.13B |
| Deposits | $143.88B | $159.93B | $123.93B | $116.16B | $122.48B | $142.80B |
| Total Long-Term Debt | $8.32B | $7.24B | $12.38B | $13.41B | $13.37B | $13.99B |
| Total Liabilities | $158.32B | $171.87B | $143.78B | $138.89B | $142.72B | $164.17B |
| Shareholders' Equity | $11.69B | $12.02B | $11.26B | $11.90B | $12.79B | $12.96B |
Northern Trust Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.90B | $1.36B | $2.39B | $2.63B | -$486.0M | $5.53B |
| Cash From Investing | -$29.92B | -$18.60B | $25.93B | $4.78B | -$2.56B | -$20.17B |
| Cash From Financing | $27.87B | $16.07B | -$26.44B | -$7.18B | $3.44B | $15.18B |
| Free Cash Flow | $1.76B | $1.26B | $2.26B | $2.51B | -$587.5M | $5.46B |
Figures from Northern Trust's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Northern Trust financials page for every line item.
Northern Trust Company Profile
| Ticker | NTRS |
|---|---|
| Exchange | Nasdaq |
| Industry | State Commercial Banks |
| Headquarters | Chicago, Illinois |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000073124 |
Frequently Asked Questions
What was Northern Trust's revenue in fiscal 2025?
Northern Trust (NTRS) reported revenue of $8.09B for fiscal 2025.
What is Northern Trust's annual revenue history?
Northern Trust's annual revenue by fiscal year: 2020: $6.10B; 2021: $6.46B; 2022: $6.76B; 2023: $6.77B; 2024: $8.29B; 2025: $8.09B.
What was Northern Trust's net income in fiscal 2025?
Northern Trust reported net income of $1.74B for fiscal 2025.
What was Northern Trust's earnings per share (EPS) in fiscal 2025?
Northern Trust's diluted EPS was $8.74 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Northern Trust generate in fiscal 2025?
Northern Trust generated $5.46B of free cash flow in fiscal 2025.
What was Northern Trust's revenue last quarter?
In its most recent reported quarter (2026 Q2), Northern Trust reported revenue of $2.70B.
How much debt does Northern Trust have?
Northern Trust reported $13.99B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Northern Trust are outstanding?
Northern Trust reported a weighted average of 184.0 million basic shares outstanding in 2026 Q2.
What is Northern Trust's market cap?
Based on its latest closing price, Northern Trust (NTRS) has a market capitalization of about $30.97B.
When does Northern Trust's fiscal year end?
Northern Trust's fiscal year end, as registered with the SEC, is December 31.
Where is Northern Trust headquartered?
Northern Trust lists its business address in Chicago, Illinois in its SEC filings.