Northern Trust Corporation (NTRS) Revenue by Segment

Northern Trust revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Northern Trust's largest business segment was Asset Servicing, with $1.36 billion or 60% of revenue, up 16.3% from a year earlier. Next: Wealth Management (40%).

By product or service, Investment Management and Advisory brought in 53%, Custody and Fund Administration brought in 40% and Other Trust, Investment, And Other Servicing Fees brought in 5% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Asset Servicing (+16.3%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Northern Trust Corporation

NTRSFinancial Services

United States

Financial Services

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Asset ServicingWealth ManagementCorporate and Institutional ServiceCorporate and Reconciling ItemsTreasury and OtherCorporate and other

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Asset Servicing	USD 1.36B	60.4%	+16.3%
Wealth Management	USD 891.40M	39.6%	+7.2%
Corporate and Reconciling Itemsi	USD 444.90M		–

Sum of items USD 2.25B; corporate items and eliminations USD 444.90M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18
Asset Servicing	1.4B	1.3B	729.6M	1.2B	1.2B	1.1B	1.1B	1.1B	1.1B	1.1B	611.7M	1.0B	1.1B	1.0B	587.9M	1.0B	1.0B	991.0M	–	917.9M	901.4M	916.0M	–	–	–	–	–	–	–	–	–	–	–
Wealth Management	891.4M	891.0M	577.8M	846.4M	831.8M	820.3M	838.0M	808.4M	786.0M	780.3M	478.3M	709.7M	728.9M	725.3M	454.2M	735.5M	750.9M	738.9M	485.9M	730.2M	695.7M	677.6M	430.0M	418.9M	395.3M	475.4M	206.1M	415.6M	406.1M	195.0M	–	398.2M	390.7M
Corporate and Institutional Service	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	625.1M	–	–	–	596.1M	584.9M	566.2M	701.3M	224.4M	559.9M	549.4M	234.8M	–	541.0M	552.2M
Corporate and Reconciling Items	444.9M	- 3.4M	–	- 10.3M	- 4.5M	- 8.4M	–	45.9M	874.6M	- 196.1M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Treasury and Other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	- 3.6M	- 8.5M	- 3.6M	–	–	–	2.9M	–	–	–	–	–	–	–
Corporate and other	–	–	–	–	–	–	–	–	–	–	–	2.4M	- 10.9M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

Northern Trust revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Asset Servicing	$1.4B	$1.3B	$1.2B	$1.2B	60%
Wealth Management	$891.4M	$891.0M	$846.4M	$831.8M	40%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Northern Trust revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Investment Management and Advisory	$712.3M	$717.5M	$668.3M	$649.6M	53%
Custody and Fund Administration	$544.9M	$531.7M	$515.5M	$498.4M	40%
Other Trust, Investment, And Other Servicing Fees	$62.7M	$68.6M	$60.2M	$62.8M	5%
Securities Lending	$29.6M	$23.6M	$21.5M	$20.3M	2%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Northern Trust's business segments?

Asset Servicing and Wealth Management (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Northern Trust?

Asset Servicing: $1.36 billion, or 60% of revenue, in Q2 fiscal 2026.

What are Northern Trust's main products and services?

By revenue in Q2 fiscal 2026: Investment Management and Advisory (53%), Custody and Fund Administration (40%), Other Trust, Investment, And Other Servicing Fees (5%) and Securities Lending (2%).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.