Northern Trust's Q2 2026 results reveal a potential inflection point, with EPS of $4.23 surging 98.6% YoY and a 51% beat over consensus, driven by a shift toward fee-based revenue (48% of total revenue, up from 38% a year earlier) and a 10.6% YoY rise in net i...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth is mixed, with total revenue rising to $4.2B in Q2 2026 (up from $3.6B a year earlier) and EPS surging 98.6% YoY to $4.23, but the net interest margin remains stuck at 0.4%, and the efficiency ratio improved to 38.9% from 41.5% in Q4 2025, indicating better cost control amid revenue headwinds.
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 9/23/2026, 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) |
|---|---|---|
Q3 2026Latest 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 |
Q4 2025 Oct 22, 2025 | $2.29+1.3% vs $2.26 | $3.6B+76.5% vs $2.0B |
Global asset managers are concentrating resources on core capabilities, accelerating outsourcing of non-core activities, tightening cost controls and expanding
CHICAGO--(BUSINESS WIRE)-- #ETFs--Northern Trust's report, Driving Growth in Asset Management 2026, is based on a survey of 300 leaders at asset management firms across the globe.
Northern Trust Corporation (NTRS) Presents at Barclays 24th Annual Global Financial Services Conference Transcript
Northern Trust's (Nasdaq: NTRS) [url="]Integrated Trading Solutions[/url] (ITS) outsourced trading desk has been appointed by J O Hambro Capital Management (JOH
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 |
|---|---|---|---|---|---|---|---|
| $173.40 | $31.73B | 19.84 | -2.46% | 12.15% | 13.49% | 1.81% | |
| $180.25 | $49.89B | 19.18 | 7.93% | 13.47% | 11.09% | — | |
| $141.91 | $100.01B | 19.15 | 8.22% | 14.66% | 13.32% | — | |
| $104.18 | $22.32B | 11.26 | 3.12% | 29.26% | 18.49% | — | |
| $33.13 | $17.22B | 36.41 | 3.52% | 9.56% | 6.35% | — | |
| $30.85 | $13.68B | -19.28 | 4.75% | -0.93% | -0.48% | — |
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)
Aug 3, 2026·SEC
Jul 22, 2026·SEC
Apr 22, 2026·SEC
Get notified when NTRS posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Northern Trust Corporation (NTRS) stock FAQ — growth, dividends, profitability & financials explained
Northern Trust Corporation (NTRS) saw revenue decline by 2.5% over the past year.
Yes, Northern Trust Corporation (NTRS) is profitable, generating $2.24B in net income for fiscal year 2025 (12.1% net margin).
Yes, Northern Trust Corporation (NTRS) pays a dividend with a yield of 1.81%. This makes it attractive for income-focused investors.
Northern Trust Corporation (NTRS) has a return on equity (ROE) of 13.5%. This is reasonable for most industries.
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 40.2%. This is excellent, indicating strong cost control.
