Northern Trust income statement
In fiscal 2025, Northern Trust reported revenue of $8.09bn, down 2.5% on the year before and net income of $1.74bn, or $8.74 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,787 | 3,648 | 3,770 | 3,896 | 4,089 | 4,331 | 4,703 | 4,962 | 5,375 | 5,960 | 6,073 | 6,101 | 6,465 | 6,761 | 6,774 | 8,290 | 8,086 | 8,440 |
| Interest expense | 406 | 378 | 400 | 297 | 222 | 181 | 154 | 182 | 340 | 699 | 822 | 200 | 24 | 991 | 5,343 | — | — | — |
| Net interest income | 1,000 | 919 | 1,009 | 990 | 933 | 1,006 | 1,070 | 1,235 | 1,429 | 1,623 | 1,678 | 1,443 | 1,383 | 1,887 | 1,982 | 2,177 | 2,411 | 2,643 |
| Non-interest income | 2,787 | 2,729 | 2,761 | 2,906 | 3,156 | 3,326 | 3,633 | 3,727 | 3,946 | 4,338 | 4,395 | 4,658 | 5,082 | 4,874 | 4,792 | 6,113 | 5,675 | 6,679 |
| Non-interest expense | 2,317 | 2,498 | 2,831 | 2,879 | 2,994 | 3,135 | 3,281 | 3,471 | 3,769 | 4,017 | 4,144 | 4,348 | 4,536 | 4,983 | 5,284 | 5,634 | 5,754 | 6,136 |
| Provision for credit losses | 215 | 160 | 55 | 25 | 20 | 6 | −43 | — | — | −18 | −9 | 92 | −59 | 2 | 38 | 1 | −3 | 0 |
| Income before tax | 1,255 | 990 | 884 | 992 | 1,076 | 1,190 | 1,465 | 1,517 | 1,634 | 1,958 | 1,944 | 1,628 | 2,010 | 1,766 | 1,465 | 2,660 | 2,340 | 3,196 |
| Income tax | 391 | 320 | 280 | 305 | 344 | 378 | 491 | 485 | 435 | 401 | 452 | 418 | 465 | 430 | 358 | 628 | 603 | 769 |
| Net income | 864 | 670 | 604 | 687 | 731 | 812 | 974 | 1,033 | 1,199 | 1,556 | 1,492 | 1,209 | 1,545 | 1,336 | 1,107 | 2,031 | 1,737 | 2,427 |
| Diluted EPS | $3.16 | $2.74 | $2.47 | $2.81 | $2.99 | $3.32 | $3.99 | $4.32 | $4.92 | $6.64 | $6.63 | $5.46 | $7.14 | $6.14 | $5.08 | $9.77 | $8.74 | $13.06 |
| Diluted shares (average) | 236m | 243m | 242m | 241m | 241m | 238m | 234m | 229m | 230m | 224m | 216m | 209m | 209m | 209m | 208m | 202m | 192m | 186m |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,785 | 1,940 | 1,998 | 2,025 | 4,376 | 2,206 | 2,698 | 2,294 |
| Net interest income | 564 | 568 | 611 | 591 | 642 | 654 | 676 | 671 |
| Non-interest income | 1,396 | 1,372 | 1,387 | 1,435 | 1,482 | 1,552 | 2,023 | 1,623 |
| Non-interest expense | 1,376 | 1,418 | 1,417 | 1,423 | 1,497 | 1,508 | 1,639 | 1,493 |
| Provision for credit losses | −13 | −1 | 13 | −16 | 0 | −3 | −1 | 4 |
| Income before tax | 594 | 521 | 565 | 620 | 634 | 701 | 1,065 | 797 |
| Income tax | 139 | 129 | 144 | 162 | 168 | 175 | 273 | 154 |
| Net income | 455 | 392 | 421 | 458 | 466 | 526 | 792 | 643 |
| Diluted EPS | $2.26 | $1.90 | $2.13 | $2.29 | $2.42 | $2.71 | — | — |
Compare with peers
- T. Rowe Price income statement
- Franklin Resources income statement
- Invesco income statement
- Brookfield Asset Management Ltd. income statement
- Ares Management income statement
Head to head: NTRS vs TROWBEN vs NTRSIVZ vs NTRS
More: Asset Management & Custody Banks stocks compared, Financials sector, rankings of US companies