Northern Trust Corporation (NTRS) Financial Statements
Northern Trust financial statements at a glance
Northern Trust reported revenue of $8.09 billion for fiscal year 2025 (ended December 31, 2025), down 46.5% from fiscal year 2024. Net income was $1.68 billion, a net margin of 20.8%, and diluted earnings per share were $8.74.
At the end of fiscal year 2025 it had total assets of $177.13 billion, total liabilities of $164.17 billion and shareholders' equity of $12.96 billion, with cash of $61.13 billion and total debt of $13.99 billion.
Its operations brought in $5.53 billion of cash; capital spending was $774.20 million, leaving free cash flow of $4.76 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Northern Trust Corporation
Income Statement
Annual • USD
Northern Trust key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $8.1B | $15.1B | $11.3B | $7.5B | $6.5B |
| Gross profit | – | $8.3B | $6.8B | $6.8B | – |
| Operating income | – | $2.7B | $1.5B | $1.8B | – |
| Net income | $1.7B | $2.0B | $1.1B | $1.3B | $1.5B |
| Diluted EPS | $8.74 | – | – | – | $7.14 |
| Total assets | $177.1B | $155.5B | $150.8B | $155.0B | $183.9B |
| Total liabilities | $164.2B | $142.7B | $138.9B | $143.8B | $171.9B |
| Shareholders' equity | $13.0B | $12.8B | $11.9B | $11.3B | $12.0B |
| Cash | $61.1B | – | – | – | $69.6B |
| Total debt | $14.0B | $138.5B | $133.4B | $138.8B | $7.2B |
| Operating cash flow | $5.5B | -$486.0M | $2.6B | $2.4B | $1.4B |
| Capital spending | $774.2M | – | – | – | $515.1M |
| Free cash flow | $4.8B | – | – | – | $840.9M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Northern Trust's revenue in fiscal year 2025?
$8.09 billion, down 46.5% from $15.12 billion in fiscal year 2024.
How much profit does Northern Trust make?
Northern Trust reported net income of $1.68 billion for fiscal year 2025 (20.8% of revenue).
How much cash and debt does Northern Trust have?
At the end of fiscal year 2025: cash of $61.13 billion and total debt of $13.99 billion.
What is Northern Trust's free cash flow?
$4.76 billion in fiscal year 2025 (operating cash flow of $5.53 billion minus capital spending of $774.20 million).
