10x Insights
Loading account…
Companies / Financials / Northern Trust
NTRS

Northern Trust

FinancialsBanks & BrokersS&P 500
Ticker NTRSCHICAGO, ILFiscal year ends DecemberBook value per share $72.16Diluted shares 185.7M

Northern Trust Corporation (Nasdaq: NTRS) provides wealth management, asset servicing, asset management and banking solutions to corporations, institutions, families and individuals through its subsidiaries. Its two reportable segments are Asset Servicing and Wealth Management; asset management and related services… From the company’s description.

In fiscal 2025, Northern Trust reported revenue of $8.09B, down 2.5% from fiscal 2024, and net income of $1.74B. Its pre-tax margin was 28.9%. Over the twelve months to Jun 30, 2026, revenue was $9.05B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$8.09BFY2025
−2.5% year over year
Last 12 mo $9.05B
28.93%FY2025
−3.1 percentage points
Last 12 mo 33.06%
$1.74BFY2025
−14.5% year over year
Last 12 mo $2.24B
13.40%FY2025
−2.5 percentage points
Last 12 mo 16.72%
Cash & financing
$5.53BFY2025
+1238.6% year over year
Last 12 mo $529.30M
$4.76BFY2025
+486.5% year over year
Last 12 mo $-217.90M
12.10FY2025
Was 10.62× a year earlier
Last 12 mo 1.05
192.2MFY2025
−4.8% year over year
Last 12 mo 185.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Northern Trust does

In the company’s own words

Northern Trust Corporation (Nasdaq: NTRS) provides wealth management, asset servicing, asset management and banking solutions to corporations, institutions, families and individuals through its subsidiaries. Its two reportable segments are Asset Servicing and Wealth Management; asset management and related services support both, with associated revenue and expenses allocated to those segments. Asset Servicing serves institutional investors, including retirement funds, foundations, endowments, fund managers, insurers and sovereign wealth funds, offering custody, fund administration, investment operations, investment management, securities lending, foreign exchange and banking services. Wealth Management serves affluent individuals and families, business owners, executives, professionals, retirees and privately held businesses with trust, investment management, custody, financial consulting, estate administration and private banking services. In 2025, Northern Trust managed $1.8 trillion in assets, including $1.3 trillion for Asset Servicing clients and $507.2 billion for Wealth Management clients. At year-end, it had $177.1 billion in consolidated assets. The Bank, its principal subsidiary, was founded in 1889, and the Corporation was formed as its holding company in 1971.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
CHICAGO, IL
Fiscal year end
December
CIK
73124
SIC
6022

Financial performance, year by year

Fiscal 2013–2025 · USD
$-905.22M$1.81B$4.53B$7.24B$9.96B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Northern Trust — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

758
funds hold it
0 of 35
superinvestors hold it
$11.37B
held by funds, at market
36.3%
of shares held by funds
9
bond issues held by funds

Largest fund holders · Northern Trust’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.04%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.05%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.30%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.05%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.05%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Northern Trust’s bonds, as funds hold them

Funds report holding 9 issues of Northern Trust’s debt, $693.02M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.25%, maturing 2026 to 2040.

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”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Northern Trust and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Northern Trust's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Northern Trust's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.