Northern Trust Corp (NTRS)
Northern Trust Corp brought in $9.3B of revenue over the twelve months to September 30, 2026, up 17.6% from a year earlier. Net income was $2.4B, a net margin of 26.0%. Operating cash flow minus capital spending left $5.5B of free cash flow in fiscal 2025. At September 30, 2026 it held $6.4B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.
Key facts about Northern Trust Corp
- Net worth
- Northern Trust Corp has a market value (market cap) of $32.5B at the latest share price, and shareholders' equity of $13.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $8.1B (-2.5% year on year), with net income of $1.7B. Over the 12 months to September 30, 2026: revenue $9.3B, net income $2.4B.
- Cash flow
- In fiscal 2025 operations brought in $5.5B of cash; after $74M of capital spending, free cash flow was $5.5B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Northern Trust Corp's next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Northern Trust Corp declared dividends of $3.10 per share in fiscal 2025, a yield of 1.74% at the current price.
What Northern Trust Corp does
Northern Trust Corp is registered with the SEC under industry code SIC 6022 (State Commercial Banks). Its shares trade on NASDAQ under the ticker NTRS.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $8.1B | $1.7B | $8.74 | $5.5B |
| 2024 | $8.3B | $2B | $9.77 | -$587.5M |
| 2023 | $6.8B | $1.1B | $5.08 | $2.5B |
| 2022 | $6.8B | $1.3B | $6.14 | $2.3B |
| 2021 | $6.5B | $1.5B | $7.14 | $1.3B |
| 2020 | $6.1B | $1.2B | $5.46 | $1.8B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NTRS ranks in Finance
Dividends
Northern Trust Corp declared $3.10 per share in fiscal 2025. At the current price that is a yield of 1.74%. It paid out $591.6M in cash dividends, 34% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $3.10 | $591.6M | 34% |
| 2024 | $3.00 | $602.3M | 30% |
| 2023 | $3.00 | $621.5M | 56% |
| 2022 | $2.90 | $750.2M | 56% |
| 2021 | $2.80 | $583.3M | 38% |
| 2020 | $2.80 | $584.6M | 48% |
Latest SEC filings
What Northern Trust Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 29, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 13% to $2.3B versus the same quarter last year; net income rose 40% to $642.9M.
- October 21, 2026
- October 20, 2026
- September 29, 2026Executive or director change8-KNorthern Trust Chief Financial Officer David W. Fox, Jr. announced his planned retirement effective on or around March 31, 2027.
- August 28, 2026Form N-PX filing N-PX
- August 13, 2026Form 13F-HR filing 13F-HR
- August 6, 2026Passive stake changed SCHEDULE 13G/A
- August 3, 2026Other event 8-K
- July 30, 2026
- July 30, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 35% to $2.7B versus the same quarter last year; net income rose 88% to $792.2M.
What is NTRS worth? A DCF from its reported cash flow
Insider trades
What the people running Northern Trust Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $39.9K and sold $3.9M worth of shares in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 3, 2026 | O'Grady MichaelChairman and CEO, Director | Shares withheld for tax | 787 | $135.2K |
| November 3, 2026 | Levy Susan CohenEVP and General Counsel | Shares withheld for tax | 191 | $32.8K |
| November 3, 2026 | Cherecwich PeterChief Operating Officer | Shares withheld for tax | 325 | $55.8K |
| November 3, 2026 | Tyler Jason J.President/Wealth Management | Shares withheld for tax | 815 | $140K |
| November 3, 2026 | South Thomas AExecutive Vice President | Shares withheld for tax | 683 | $117.3K |
| November 3, 2026 | Fox David W JrEVP & Chief Financial Officer | Shares withheld for tax | 258 | $44.3K |
| October 30, 2026 | Smith David Byron JrDirector | Gave as a giftindirect | 1,160 | - |
| October 30, 2026 | Moritz Robert Edward Jr.Director | Bought | 236 | $39.9K |
Who owns NTRS
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Northern Trust Corp13G, passive | 8.8% | February 17, 2026 |
| Vanguard Capital Management13G, passive | 7.38% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,019 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 14,517,839 | +147,984 |
| Vanguard Capital Management LLC | 11,779,613 | -3,917 |
| State Street Corp | 9,095,046 | +12,298 |
| Fmr LLC | 8,683,057 | -2,126,833 |
| Vanguard Portfolio Management LLC | 8,414,408 | -4,824 |
| Primecap Management Co | 6,100,742 | -448,295 |
| Massachusetts Financial Services Co | 5,702,539 | -103,177 |
| Northern Trust Corp | 5,554,330 | -322,171 |
| Geode Capital Management, LLC | 5,155,381 | -9,990 |
| State Farm Mutual Automobile Insurance Co | 4,145,102 | 0 |
| Invesco Ltd. | 3,273,660 | -240,495 |
| Aqr Capital Management LLC | 2,939,835 | +453,028 |
| Goldman Sachs Group Inc | 2,886,875 | +90,013 |
| Morgan Stanley | 2,678,749 | +150,960 |
| Dimensional Fund Advisors LP | 2,497,902 | +41,906 |
| Bank of New York Mellon Corp | 2,077,076 | +40,939 |
| Norges Bank | 2,001,944 | new |
| American Century Companies Inc | 1,929,640 | +56,931 |
| Robeco Institutional Asset Management B.V. | 1,471,471 | +30,732 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1,355,184 | -200,253 |
Insiders
26 insiders reported holding 1,227,324 shares in total, about $218.3M at the last price.
| Holder | Shares |
|---|---|
| O'Grady MichaelChairman and CEO, Director | 417,928361,818 held indirectly |
| South Thomas AExecutive Vice President | 92,234 |
| Smith David Byron JrDirector | 89,30688,317 held indirectly |
| Tyler Jason J.President/Wealth Management | 88,580 |
| Levy Susan CohenEVP and General Counsel | 59,187 |
| Cherecwich PeterChief Operating Officer | 47,89626,259 held indirectly |
| Taylor AlexandriaChief Administrative Officer | 43,629 |
| Fradkin Steven LVice Chairman | 43,257 |
| Crown SusanDirector | 38,847 |
| Tribbett Charles ADirector | 35,949 |
Questions about NTRS
What does Northern Trust Corp do?
Northern Trust Corp is a company in the Finance sector, listed on NASDAQ as NTRS. Its shares trade on NASDAQ under the ticker NTRS.
What is Northern Trust Corp's net worth?
Northern Trust Corp has a market value (market cap) of $32.5B at the latest share price, and shareholders' equity of $13.4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Northern Trust Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $2.4B on revenue of $9.3B, a net margin of 26.0%.
How much revenue does Northern Trust Corp make?
Over the twelve months to September 30, 2026 Northern Trust Corp reported revenue of $9.3B. That is 17.6% more than a year earlier.
When did Northern Trust Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 5, 2026.
When is Northern Trust Corp's next earnings report?
Northern Trust Corp's next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Northern Trust Corp pay a dividend?
Yes. Northern Trust Corp declared dividends of $3.10 per share in fiscal 2025, a yield of 1.74% at the current price.
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Where the numbers come from
Financial figures are the values Northern Trust Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.