Northern Trust relies on fee income, which constitutes roughly 70% to 80% of revenue, from custody, servicing, and wealth management, reducing its dependence on lending spreads.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Net interest income rose from $522.9M in 2024Q2 to $671.4M in 2026Q3, but a net interest margin of roughly 0.4% and a volatile efficiency ratio ranging from 56.5% to 73.1% indicate that top-line and margin performance remain uneven across quarters.
Northern Trust posted net income of $466 million and adjusted EPS of $2.69 in Q4 2025, exceeding analyst expectations. The performance was driven by a sharp rise in fee‑based revenue amid a sustained global market rally.
The company’s wealth management arm now enjoys higher pretax margins than asset servicing. Northern Trust is expanding through Family Office Solutions, targeting ultra‑high‑net‑worth clients for additional growth.
Significant technology investments made over the past three years are entering a payback phase, improving operational leverage. Expense‑to‑trust fee ratios are declining, with guidance for low‑ to mid‑single‑digit fee growth versus less than 5% expense growth in 2026.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 21, 2026 | $3.20+11.5% vs $2.87 | $2.3B+1.8% vs $2.3B |
Q3 2026 Jul 22, 2026 | $2.97+9.6% vs $2.71 | $2.7B+0.5% vs $2.7B |
Q2 2026 Apr 21, 2026 | $2.71+16.8% vs $2.32 | $2.2B+4.4% vs $2.1B |
Q1 2026 Jan 22, 2026 | $2.69+13.5% vs $2.37 | $2.1B+3.8% vs $2.1B |
SINGAPORE--(BUSINESS WIRE)-- #assetmanagement--Northern Trust is celebrating the 30th anniversary of its Singapore branch, marking three decades of serving clients across the Asia Pacific region.
Northern Trust increased third quarter revenue 11% excluding notable items. The company returned over $1.5 billion to shareholders year to date.
LONDON--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) today announced that Andy Ponsford has joined the company as Head of Insurance, Europe, Middle East and Africa (EMEA). In this newly created role, Ponsford will lead the continued expansion of Northern Trust's insurance servicing capabilities across the region, helping to deliver an integrated operating model designed to support the operational, accounting, investment and regulatory needs of insurance companies. Northern Trust currently ser.
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Benchmark NTRS against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Northern Trust Corporation (NTRS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $172.76 | $31.61B | 19.77 | -2.46% | 21.48% | 13.49% | 1.82% | |
| $165.56 | $45.82B | 17.61 | 7.93% | 23.09% | 12.37% | 1.87% | |
| $143.80 | $98.7B | 19.41 | 8.22% | 14.66% | 13.32% | 1.43% | |
| $108.41 | $23.23B | 11.72 | 3.12% | 28.4% | 17.96% | 4.71% | |
| $33.73 | $17.53B | 37.07 | 3.52% | 9.56% | 6.35% | 3.93% | |
| $27.08 | $12B | -16.93 | 4.75% | -1.12% | -0.59% | 3.07% |
Northern Trust Corporation (NTRS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Northern Trust Corporation (NTRS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 21, 2026·SEC
Oct 20, 2026·SEC
Aug 3, 2026·SEC
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Northern Trust Corporation (NTRS) stock FAQ — growth, dividends, profitability & financials explained
Northern Trust Corporation (NTRS) revenue fell by 2.5% in fiscal year 2025, compared with the prior fiscal year.
Yes. Northern Trust Corporation (NTRS) earned $2.43B in net income over the trailing twelve months (a 26.0% net margin).
Yes. Northern Trust Corporation (NTRS) pays a dividend that yields 1.82% at the current price, a moderate yield.
Northern Trust Corporation (NTRS) had a return on equity (ROE) of 13.5% in fiscal year 2025. That is in line with the market's typical 10-15%.
Northern Trust Corporation (NTRS) has a net interest margin (NIM) of 1.4%. NIM has been under pressure due to interest rate environment.
Northern Trust Corporation (NTRS) has an efficiency ratio of 71.2%. This is higher than peers, suggesting room for cost optimization.
