Northern Trust Corporation (NTRS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NTRS Revenue Growth
Revenue Breakdown (FY 2025)
NTRS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
NTRS Revenue Analysis (2014–2025)
As of May 7, 2026, Northern Trust Corporation (NTRS) generated trailing twelve-month (TTM) revenue of $14.30 billion, reflecting slight decline in growth of -1.8% year-over-year. The most recent quarter (Q4 2025) recorded $3.61 billion in revenue, up 0.8% sequentially.
Looking at the longer-term picture, NTRS's 5-year compound annual growth rate (CAGR) stands at +17.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $15.88 billion in 2024.
Revenue diversification analysis shows NTRS's business is primarily driven by Corporate and Institutional Service (59%), and Wealth Management (41%). With over half of revenue concentrated in Corporate and Institutional Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including STT, BK, and TROW. Compare NTRS vs STT →
NTRS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NTRSCurrent | $14.3B | -1.8% | +17.8% | 16.3% | |
 STT | $22.0B | - | - | 15.5% | |
 BK | $39.6B | - | - | 14.8% | |
 TROW | $7.3B | - | - | 29.9% | |
 BEN | $8.8B | - | - | 6.9% | |
 IVZ | $6.4B | - | - | -10.9% |
NTRS Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $14.30B | - | $8.09B | 56.5% | $2.33B | 16.3% |
| 2024 | $15.88B | - | $8.29B | 52.2% | $2.66B | 16.8% |
| 2023 | $12.12B | - | $6.75B | 55.7% | $1.46B | 12.1% |
| 2022 | $7.75B | - | $6.75B | 87.1% | $1.77B | 22.8% |
| 2021 | $6.49B | - | $6.55B | 100.9% | $2.01B | 31.0% |
| 2020 | $6.30B | - | $5.98B | 94.8% | $1.63B | 25.8% |
| 2019 | $6.90B | - | $6.09B | 88.3% | $1.94B | 28.2% |
| 2018 | $6.66B | - | $5.97B | 89.7% | $1.96B | 29.4% |
| 2017 | $5.72B | - | $5.40B | 94.5% | $1.63B | 28.6% |
| 2016 | $5.02B | - | $4.86B | 96.9% | $1.52B | 30.2% |
Full NTRS Stock Analysis
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Start ComparisonNTRS — Frequently Asked Questions
Quick answers to the most common questions about buying NTRS stock.
Is NTRS's revenue growth accelerating or slowing?
NTRS revenue growth slowed to -1.8%, below the 5-year CAGR of +17.8%. TTM revenue is $14.3B. The deceleration marks a shift from historical growth rates.
What is NTRS's long-term revenue growth rate?
Northern Trust Corporation's 5-year revenue CAGR of +17.8% reflects the variable expansion pattern. Current YoY growth of -1.8% is near this long-term average.
How is NTRS's revenue distributed by segment?
NTRS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.