| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.30B | $15.88B | $12.12B | $7.75B | $6.49B | $6.30B | $6.90B | $6.66B |
| Cost of Revenue | $6.21B | $7.58B | $5.37B | $1.00B | $-57.70M | $325.30M | $807.50M | $684.20M |
| Gross Profit | $8.09B | $8.29B | $6.75B | $6.75B | $6.55B | $5.98B | $6.09B | $5.97B |
| Gross Margin | 56.54% | 52.24% | 55.70% | 87.07% | 100.89% | 94.84% | 88.29% | 89.73% |
| Operating Expenses | $5.75B | $5.63B | $5.28B | $4.98B | $4.54B | $4.35B | $4.14B | $4.02B |
| Operating Income | $2.33B | $2.66B | $1.46B | $1.77B | $2.01B | $1.63B | $1.94B | $1.96B |
| Operating Margin | 16.30% | 16.75% | 12.09% | 22.79% | 30.98% | 25.83% | 28.20% | 29.40% |
| Net Income | $1.74B | $2.03B | $1.11B | $1.34B | $1.55B | $1.21B | $1.49B | $1.56B |
| Net Margin | 12.15% | 12.79% | 9.14% | 17.23% | 23.82% | 19.19% | 21.64% | 23.37% |
| EPS (Basic) | $8.79 | $9.80 | $5.09 | $6.16 | $7.16 | $5.48 | $6.66 | $6.68 |
| EBITDA | N/A | $3.38B | $2.10B | $2.32B | $2.53B | $2.13B | $2.40B | $2.42B |
| Stock Option Compensation Expense | N/A | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Price To Earnings Ratio | N/A | 10.16 | 15.79 | 13.80 | 16.11 | 16.04 | 15.27 | 11.98 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | $20.63B | $17.49B | $18.43B | $24.89B | $19.40B | $22.79B | $18.65B |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $177.13B | $155.51B | $150.78B | $155.04B | $183.89B | $170.00B | $136.83B | $132.21B |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $164.17B | $142.72B | $138.89B | $143.78B | $171.87B | $158.32B | $125.74B | $121.70B |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $12.96B | $12.79B | $11.90B | $11.26B | $12.02B | $11.69B | $11.09B | $10.51B |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $12.96B | $12.79B | $11.90B | $11.26B | $12.02B | $11.69B | $11.09B | $10.51B |
| Total Liabilities & Stockholders Equity | $177.13B | $155.51B | $150.78B | $155.04B | $183.89B | $170.00B | $136.83B | $132.21B |
| Book Value Per Share | N/A | $63.54 | $57.41 | $54.05 | $57.75 | $56.11 | $51.70 | $47.09 |
| Tangible Book Value Per Share | N/A | $49.09 | $54.02 | $50.73 | $45.83 | $44.53 | $48.45 | $44.09 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | 1.31% | 0.73% | 0.86% | 0.84% | 0.71% | 1.09% | 1.18% |
| Return on Equity | N/A | 15.88% | 9.31% | 11.87% | 12.86% | 10.35% | 13.45% | 14.81% |
| Return on Invested Capital | N/A | 6.15% | 3.20% | 4.30% | 6.14% | 4.87% | 5.39% | 5.62% |
| Quick Ratio | N/A | 0.45 | 0.54 | 0.60 | 1.39 | 1.42 | 0.76 | 0.73 |
| Current Ratio | N/A | 0.45 | 0.54 | 0.60 | 1.39 | 1.42 | 0.76 | 0.73 |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $1.74B | $2.03B | $1.11B | $1.34B | $1.55B | $1.21B | $1.49B | $1.56B |
| Depreciation | N/A | $716.80M | $634.60M | $553.60M | $515.60M | $500.30M | $458.90M | $460.90M |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $0.00 | $-486.00M | $2.63B | $2.39B | $1.36B | $1.90B | $2.59B | $1.77B |
| Capital Expenditures | N/A | $745.50M | $675.80M | $723.50M | $515.10M | $560.40M | $599.80M | $506.00M |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | N/A | $644.10M | $663.30M | $796.70M | $625.10M | $630.50M | $576.10M | $451.80M |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | N/A | $937.80M | $347.50M | $35.40M | $267.60M | $299.80M | $1.10B | $924.30M |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | $-1.23B | $1.95B | $1.67B | $840.90M | $1.34B | $1.99B | $1.26B |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Company coverage
Northern Trust Corporation, a financial holding company established in 1889 and based in Chicago, Illinois, offers a comprehensive suite of wealth management, asset servicing, asset management, and banking solutions worldwide. Its diverse client base includes corporations, institutions, families, and individual investors. The company structures its operations across two primary segments: Asset Servicing and Wealth Management. The Asset Servicing division delivers a broad spectrum of support and operational services tailored for institutional entities. These services include custody, fund administration, outsourced investment operations, investment management, investment risk and analytical reporting, employee benefit services, securities lending, foreign exchange, treasury management, brokerage, transition management, and banking and cash management solutions. This segment serves corporate and public retirement funds, charitable foundations, endowments, investment managers, insurance companies, sovereign wealth funds, and other major institutional investors. Conversely, the Wealth Management segment is dedicated to high-net-worth individuals, families, business owners, executives, professionals, retirees, and established privately held businesses. Its offerings span trust administration, investment management, custody, philanthropic advisory, financial consulting, guardianship and estate administration, family business consulting, family financial education, brokerage services, and private and business banking. Furthermore, Northern Trust provides extensive asset management capabilities, encompassing active and passive strategies for both equity and fixed income, cash management, and alternative asset classes like private equity and hedge funds of funds. These investment products are delivered via diverse vehicles, including individually managed accounts, bank common and collective funds, registered investment companies, exchange-traded funds, non-U.S. collective investment funds, and unregistered private investment funds. The corporation also offers sophisticated overlay and other risk management services.
Why it moved over time
Northern Trust was chosen as fund administrator for First Sentier Investors' Singapore unit trust, a client win that can increase fee revenue and expand its asset-servicing footprint in Asia.
Key fact: Appointed fund administrator for First Sentier Investors Global Growth Funds' Singapore unit trust.
businesswire.com: Northern Trust Expands Relationship with First Sentier Group to Support Singapore Unit Trust Offering