NTRS

NORTHERN TRUST CORP

Ticker: NTRSFinancialsBanks & BrokersS&P 500
HQ CHICAGO, ILCIK 73124FY end 12-31Book / share $72.16Shares 186M
Revenue (FY)
$8.09B-2.46%
TTM $9.05B
Op. margin
28.84%-3.20%
TTM 32.98%
Net income
$1.74B-14.48%
TTM $2.24B
Operating cash
$5.53B+1238.58%
TTM $529.30M
Free cash flow
$4.76B+486.46%
TTM $-217.90M
Return on equity
13.40%-2.48%
TTM 16.72%
Debt / equity
12.10+1.48%
TTM 1.05
Shares outstanding
192.2M-4.77%
TTM 185.7M

The business

Northern Trust Corporation (NASDAQ: NTRS) is a leading global financial services provider headquartered in Chicago with a presence across 24 U.S. states, Washington D.C., and 22 international locations spanning Canada, Europe, the Middle East, and the Asia-Pacific region. Founded in 1889, the company operates through its principal subsidiary, The Northern Trust Company, an Illinois-chartered bank with consolidated assets of $176.4 billion as of December 31, 2025.

Northern Trust organizes its business around two primary client-focused reporting segments: Asset Servicing and Wealth Management. The Asset Servicing division serves as a leading global provider of custody, fund administration, investment operations outsourcing, securities lending, foreign exchange, treasury management, and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, and sovereign wealth funds. As of year-end 2025, Asset Servicing managed $17.4 trillion in assets under custody and administration, $13.6 trillion in assets under custody, and $1.3 trillion in assets under management.

The Wealth Management segment focuses on high-net-worth individuals, families, business owners, executives, and established privately-held businesses, offering trust services, investment management, custody, philanthropic services, financial consulting, and private banking. Wealth Management maintains one of the largest advisory service networks in the United States with $1.3 trillion in assets under custody and administration and $507.2 billion in assets under management. The company also operates a Global Family Office division providing customized solutions for complex family financial needs.

Asset Management, operating across both segments, delivers investment solutions through separately managed accounts, collective funds, exchange-traded funds, and private investment funds, encompassing active and passive equity and fixed income strategies, alternative asset classes, and multi-asset solutions. Northern Trust managed $1.8 trillion in total assets as of December 31, 2025.

The company's competitive positioning rests on its trusted brand, deep expertise, tailored technology, proven client relationships, and strong balance sheet. Northern Trust emphasizes scalable, fee-based revenue generation and continues investing in talent, technology, data analytics, artificial intelligence, and operational excellence to support its growth strategy across targeted client segments and select geographies.

Sector
Financials
Industry
Banks & Brokers
HQ
CHICAGO, IL
FY end
12-31
CIK
73124
SIC
6022
Financial performance · annual
20132025
$-905.22M$1.81B$4.53B$7.24B$9.96B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds NORTHERN TRUST CORP — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

758
funds hold it
0 of 35
superinvestors hold it
$11.37B
fund-held value
36.3%
of shares held by funds
9
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.04%$970.19M
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.05%$833.71M
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.30%$662.14M
iShares Core S&P 500 ETF
IVV · iShares Trust
0.05%$442.59M
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.05%$394.53M

Bonds held by funds

Funds report holding 9 issues of NORTHERN TRUST CORP's debt, $693.02M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 3.88%, maturing 20272040.

IssueCouponMaturesFundsFund-held
NORTHERN TRST CO5.117%Variable2040-11-1978$158.45M
Northern Trust Corp6.125%2032-11-0255$115.04M
Northern Trust Corp1.950%2030-05-0151$113.62M
NTRS V3.375 05/08/323.375%2032-05-0846$66.26M
NORTHERN TRUST CORP4.150%2030-11-1954$60.06M
Northern Trust Corp3.650%2028-08-0340$53.78M
Northern Trust Corp3.150%2029-05-0341$52.37M
Northern Trust Corp.4.000%2027-05-1021$37.74M
NTRS V4.6 PERP D4.600%Perpetual16$35.71M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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15 years of NORTHERN TRUST CORP's financials

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