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Northern Trust number of employees

Northern Trust reported 23,800 employees at December 31, 2025 in its latest annual report, up 500 (2.1%) on the year before. That compares with 21,100 at December 31, 2021. Revenue per employee was $339,765.

Headcount by year

Fiscal year endEmployeesChangeRevenue per employeeSource
December 31, 2025 23,800 +500 (2.1%) $339,765 10-K, filed February 24, 2026
December 31, 2024 23,300 +200 (0.9%) $355,811 10-K, filed February 24, 2025
December 31, 2023 23,100 −500 (2.1%) $293,225 10-K, filed February 27, 2024
December 31, 2022 23,600 +2,500 (11.8%) $286,492 10-K, filed February 28, 2023
December 31, 2021 21,100 — $306,374 10-K, filed February 28, 2022

What the annual reports say

  • Northern Trust employed approximately 23,800 full-time equivalent employees as of December 31, 2025. 2025 annual report
  • Northern Trust employed approximately 23,300 full-time equivalent employees as of December 31, 2024. 2024 annual report
  • EMPLOYEES Northern Trust employed approximately 23,100 full-time equivalent employees as of December 31, 2023. 2023 annual report
  • EMPLOYEES Northern Trust employed approximately 23,600 full-time equivalent employees as of December 31, 2022. 2022 annual report
  • EMPLOYEES Northern Trust employed approximately 21,100 full-time equivalent staff members as of December 31, 2021. 2021 annual report

Headcount as the company states it in Item 1 of its annual report (some count full-time equivalents or exclude part-time and temporary staff), at the date it gives. Years where the report states no clear total are left out rather than estimated. Changes can reflect acquisitions and disposals as well as hiring and job cuts.

Compare with peers

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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.