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Northern Trust revenue

Northern Trust's revenue was $8.09bn in fiscal 2025, down 2.5% on the year before. Since fiscal 2009 ($3.79bn) it has grown at a compound 4.9% a year. Over the last twelve months it was $8.44bn.

Revenue history

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

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue3,7873,6483,7703,8964,0894,3314,7034,9625,3755,9606,0736,1016,4656,7616,7748,2908,0868,440
Growth on the year before—−3.7%+3.4%+3.3%+5.0%+5.9%+8.6%+5.5%+8.3%+10.9%+1.9%+0.5%+6.0%+4.6%+0.2%+22.4%−2.5%—

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Investment Management and Advisory $2.7B ▲ 6.8%
Custody and Fund Administration $2B ▲ 5.8%
Other Trust Investment and Other Servicing Fees $248M ▲ 0.6%
Securities Commission and Trading $163M ▲ 13.4%
Securities Lending $83M ▲ 11.7%
Products and Services Other Operating Income $41.8M ▲ 6.4%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
United States $5.7B 69.9% ▼ 8.4%
Outside the US $2.4B 30.1% ▲ 14.7%

From Northern Trust's 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Asset Management & Custody Banks: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Northern Trust $8.44bn -0.7% 8.3%
T. Rowe Price $7.70bn 6.9% 6.7%
Franklin Resources $9.32bn 7.9% 6.1%
Invesco $6.90bn 12.2% 6.3%
Brookfield Asset Management Ltd. $5.74bn 31.9% —
Ares Management $5.30bn 28.5% 18.9%

Compare with peers

Head to head: NTRS vs TROWBEN vs NTRSIVZ vs NTRS

More: Asset Management & Custody Banks stocks compared, Financials sector, rankings of US companies

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.