Northern Trust balance sheet

At the end of fiscal 2025, Northern Trust had total assets of $177.13bn, total liabilities of $164.17bn and shareholders' equity of $12.96bn. It held $5.87bn in cash against $0 of debt.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Northern Trust: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	—	—	—	—	—	—	—	5.3	4.5	4.6	4.5	4.4	3.1	4.7	4.8	4.7	5.9	6.4
Goodwill	0.4	0.4	0.5	0.5	0.5	0.5	0.5	0.5	0.6	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7
Total assets	82.1	83.8	100.2	97.5	102.9	109.9	116.7	123.9	138.6	132.2	136.8	170.0	183.9	155.0	150.8	155.5	177.1	167.3
Long-term debt	2.8	2.7	2.1	1.4	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total debt	2.8	2.7	2.1	1.4	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total liabilities	75.8	77.0	93.1	89.9	95.0	101.5	108.0	114.2	128.4	121.7	125.7	158.3	171.9	143.8	138.9	142.7	164.2	153.9
Shareholders' equity	6.3	6.8	7.1	7.5	7.9	8.4	8.7	9.8	10.2	10.5	11.1	11.7	12.0	11.3	11.9	12.8	13.0	13.4
Shares outstanding	242m	242m	241m	239m	237m	233m	229m	229m	226m	219m	210m	208m	208m	208m	205m	196m	186m	181m

US$ billions unless shown otherwise. Fiscal quarters.

Northern Trust: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Goodwill	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7
Total assets	155.5	165.1	171.9	170.3	177.1	174.6	179.3	167.3
Total liabilities	142.7	152.2	159.0	157.3	164.2	161.6	165.9	153.9
Shareholders' equity	12.8	12.9	12.9	13.0	13.0	13.0	13.4	13.4
Shares outstanding	196m	195m	191m	189m	186m	185m	183m	181m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Northern Trust's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Northern Trust.