Northern Trust (NTRS): financials, SEC filings and peers
Northern Trust (NTRS) is an asset management & custody banks company in the Financials sector of the S&P 500, headquartered in Chicago, Illinois.
It was founded in 1889 and joined the S&P 500 on January 30, 1998.
Its fiscal year ends in December, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “State Commercial Banks”.
Northern Trust at a glance
- Revenue (12 months)
- $5.3B
- Revenue growth
- +8.2%
- Operating margin
- 57.3%
- Net income (12 months)
- $2.2B
- Free cash flow (12 months)
- $445M
- Cash
- $5.7B
- Debt
- —
- Diluted EPS (12 months)
- —
Twelve months to June 30, 2026, from the 10-Q filed July 30, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Northern Trust reported revenue of $5.3 billion, up 8.2% from a year earlier.
Its operating margin was 57.3%, up 10.4 percentage points from a year earlier: for every $100 of sales, about $57 was left as operating profit.
Net income was $2.2 billion (42.6% of revenue), 29.3% higher than a year earlier.
Operating cash flow was $529 million and capital spending $84 million, leaving free cash flow of $445 million (8.5% of revenue).
At the end of the period it held $5.7 billion in cash and not reported in debt, a net cash position of $5.7 billion.
The diluted share count fell 4.4% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $6.1 billion in fiscal 2020 to $8.1 billion in fiscal 2025, about 5.8% a year.
- Free cash flow was negative in 1 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.5B | $6.8B | $6.8B | $8.3B | $8.1B |
| Revenue growth | 6.0% | 4.6% | 0.2% | 22.4% | -2.5% |
| Operating margin | — | — | — | — | — |
| Net income | $1.5B | $1.3B | $1.1B | $2.0B | $1.7B |
| Free cash flow | $1.3B | $2.3B | $2.5B | −$588M | $5.5B |
| Diluted EPS | $7.14 | $6.14 | $5.08 | $9.77 | $8.74 |
Fiscal years as reported in Northern Trust’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed August 3, 2026 — Other event
- 10-Q filed July 30, 2026 — quarterly report
- 8-K filed July 22, 2026 — Earnings results; Regulation FD disclosure
- 10-Q filed April 30, 2026 — quarterly report
- 8-K filed April 22, 2026 — Shareholder vote results
- 8-K filed April 21, 2026 — Regulation FD disclosure
- 8-K filed April 21, 2026 — Earnings results; Regulation FD disclosure
Companies like Northern Trust
Other S&P 500 companies in Asset Management & Custody Banks:
- AMPAmeriprise FinancialMinneapolis, Minnesota
- APOApollo Global ManagementNew York City, New York
- ARESAres ManagementLos Angeles, California
- BENFranklin ResourcesSan Mateo, California
- BLKBlackRockNew York City, New York
- BNYBNY MellonNew York City, New York
- BXBlackstone Inc.New York City, New York
- IVZInvescoAtlanta, Georgia
More from Financials
Questions about Northern Trust
Is Northern Trust's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $5.3 billion, up 8.2% from a year earlier, according to its SEC filings.
Is Northern Trust profitable?
Yes. It earned $2.2 billion in net income over the twelve months to June 30, 2026, a net margin of 42.6%.
When did Northern Trust last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 30, 2026.
Which companies are similar to Northern Trust?
In the S&P 500, Northern Trust is grouped in Asset Management & Custody Banks within the Financials sector. Ameriprise Financial (AMP), Apollo Global Management (APO), Ares Management (ARES), Franklin Resources (BEN), BlackRock (BLK) are in the same group.
Understand the numbers
Source: Northern Trust’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.