Northern Trust Corp (NTRSO) revenue by segment
NTRSONasdaqState Commercial BanksFiscal year ends December 31Also trades as NTRS
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 11/3020% above fair value
$17.40−0.42 (-2.36%)
Close on Oct 30, 2026Market cap $30.95BP/E 13.2Yield 1.83%
Northern Trust Corp revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSET SERVICING | $2.80B | $2.63B | $2.46B | $2.50B | $2.49B | $2.32B | $2.21B | $2.17B | – | – | 34.6% | +6.4% |
| WEALTH MANAGEMENT | $2.22B | $2.10B | $1.90B | $1.94B | $1.87B | $1.67B | $1.64B | $1.58B | $1.45B | – | 27.4% | +5.9% |
| CORPORATE AND INSTITUTIONAL SERVICES | – | – | – | – | – | – | $2.21B | $2.17B | $1.98B | – | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investment Management and Advisory | $2.66B | $2.49B | $2.23B | $2.30B | $2.14B | $2.03B | $1.93B | $1.86B | – | – | 32.9% | +6.8% |
| Custody and Fund Administration | $2.03B | $1.92B | $1.81B | $1.82B | $1.92B | $1.67B | $1.64B | $1.59B | – | – | 25.1% | +5.8% |
| Other | $248.40M | $246.80M | $240.30M | $235.90M | $226.70M | $203.10M | $197.40M | $199.20M | – | – | 3.1% | +0.6% |
| Securities Commissions and Trading Income | $162.90M | $143.70M | $115.90M | $116.80M | $112.10M | $102.40M | $87.10M | $86.70M | – | – | 2.0% | +13.4% |
| Securities Lending | $83.00M | $74.30M | $83.90M | $81.60M | $76.90M | $88.30M | $87.70M | $102.80M | – | – | 1.0% | +11.7% |
| Other Operating Income | $41.80M | $39.30M | $38.90M | $37.20M | $53.90M | $42.80M | $41.80M | $44.00M | – | – | 0.5% | +6.4% |
| Total Trust, Investment and Other Servicing Fees | – | – | – | – | – | – | – | $3.75B | $3.43B | $3.11B | – | – |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $5.65B | $6.17B | $4.69B | $4.49B | $4.45B | $4.36B | – | – | – | – | 69.9% | -8.4% |
| Non-U.S. | $2.43B | $2.12B | $2.09B | $2.27B | $2.02B | $1.74B | – | – | – | – | 30.1% | +14.7% |
| Foreign Tax Jurisdiction | – | – | – | – | $2.02B | $1.74B | $1.89B | $2.02B | $1.71B | $1.22B | – | – |
| U.S. | – | – | – | – | $4.45B | $4.36B | $4.18B | $3.94B | $3.67B | $3.74B | – | – |
From the segment and revenue-disaggregation notes of Northern Trust's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.
Operating metrics
| States of operation | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WEALTH MANAGEMENT | – | – | – | – | – | – | 19 | 18 | 18 | 18 | – |
| WEALTH MANAGEMENT | 19 | 19 | 19 | 19 | 19 | 19 | – | – | – | – | 0.0% |
Counts and sizes Northern Trust tags in the notes of its 10-K and 10-Q filings (XBRL), as of the end of each period. Breakdowns follow the company's own labels; at most 15 are shown per metric.