Northern Trust revenue and financials
$169.46Change from previous close: −0.71%Absolute change: −$1.21
In the fiscal year ended December 2025, Northern Trust reported revenue of $8.09B (−2.46% year over year). Net income was $1.74B, a net margin of 21.5%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −2.46%
- 2025 vs 2024
- Net income growth
- −14.48%
- 2025 vs 2024
- Net margin
- 21.5%
- 2024: 24.5%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -64.9 | -320 | 388 | 526 | 1,870 | 2,750 | -2,635 | 611 | 2,990 | -1,453 | 2,803 | 86.7 |
| Depreciation and amortization | 198 | 197 | 197 | 196 | 196 | — | — | — | — | — | — | — |
| Capital expenditure | -25.4 | -9.4 | -32.8 | -16.4 | -12.4 | -12.4 | -40.7 | -25.7 | -20.8 | -14.3 | -63.8 | -21.1 |
| Investing cash flow | -4,846 | 3,486 | -7,071 | 808 | -3,621 | -10,285 | -2,208 | 3,487 | 951 | -4,793 | -4,863 | 10,079 |
| Financing cash flow | 4,770 | -3,123 | 7,137 | -2,302 | 3,516 | 6,824 | 3,152 | -4,011 | -2,638 | 6,936 | 1,708 | -9,962 |
| Dividends paid | -152 | -165 | -154 | -168 | -149 | -162 | -152 | -165 | -157 | -170 | -159 | -172 |
| Share repurchases | -351 | -359 | -370 | -277 | -339 | — | — | — | — | — | — | — |
| Debt issued | 751 | 701 | 1,817 | -608 | 382 | 226 | -250 | 40.7 | 209 | — | -2,276 | -7,014 |
| Debt repaid | -1,322 | -767 | -1,034 | -448 | 69.7 | -126 | -415 | -103 | -45.8 | -749 | -320 | -739 |
| Effect of exchange rates | 61.4 | -100 | 72.3 | -109 | 290 | 403 | -504 | 217 | -44.7 | -173 | 188 | -145 |
| Net change in cash | -79.1 | -57.1 | 527 | -1,077 | 2,055 | -309 | -2,195 | 305 | 1,258 | 517 | -164 | 58.0 |
| Free cash flow | -90.3 | -329 | 356 | 509 | 1,857 | 2,737 | -2,676 | 585 | 2,970 | -1,467 | 2,739 | 65.6 |