Financials · Asset Management & Custody Banks
Northern Trust: revenue, profit and dividends
In fiscal 2025, Northern Trust had revenue of $8.09B, up 5.6% a year on average since 2015, and net income of $1.74B (21.5% of revenue). It paid a dividend of $3.10 a share. It has 18% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · −2.5% vs 2024
- Ticker
- NTRS · Nasdaq
- Sector
- Financials
- Sub-industry
- Asset Management & Custody Banks
- Headquarters
- Chicago, Illinois
- Founded
- 1889
- In the S&P 500 since
- January 30, 1998
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Northern Trust Corp · CIK 0000073124
Revenue and net income
Revenue went from $3.51B in 2007 to $8.09B in 2025.
Diluted earnings per share
Diluted EPS went from $3.23 in 2007 to $8.74 in 2025. Ten-year growth: 8.2% a year.
Dividends per share
Raised 1 year in a row, every year from 2025 to 2025.
Shares outstanding
17.9% fewer shares in 2025 than in 2015 (234M → 192M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $5.46B in 2025, 67.5% of revenue. Negative in 2024.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $8.09B | $1.74B | 21.5% | $8.74 | $3.10 | 192M | $5.53B | $74M | $5.46B |
| 2024 | $8.29B | $2.03B | 24.5% | $9.77 | $3.00 | 202M | −$486M | $102M | −$588M |
| 2023 | $6.77B | $1.11B | 16.3% | $5.08 | $3.00 | 208M | $2.63B | $116M | $2.51B |
| 2022 | $6.76B | $1.34B | 19.8% | $6.14 | $2.90 | 209M | $2.39B | $129M | $2.26B |
| 2021 | $6.46B | $1.55B | 23.9% | $7.14 | $2.80 | 209M | $1.36B | $95.5M | $1.26B |
| 2020 | $6.1B | $1.21B | 19.8% | $5.46 | $2.80 | 209M | $1.9B | $136M | $1.76B |
| 2019 | $6.07B | $1.49B | 24.6% | $6.63 | $2.60 | 216M | $2.59B | $158M | $2.43B |
| 2018 | $5.96B | $1.56B | 26.1% | $6.64 | $1.94 | 224M | $1.77B | $97.6M | $1.67B |
| 2017 | $5.38B | $1.2B | 22.3% | $4.92 | $1.60 | 230M | $1.72B | $91.6M | $1.63B |
| 2016 | $4.96B | $1.03B | 20.8% | $4.32 | — | 229M | $1.51B | $111M | $1.4B |
| 2015 | $4.7B | $974M | 20.7% | $3.99 | — | 234M | $1.83B | $98.5M | $1.74B |
| 2014 | $4.33B | $812M | 18.7% | $3.32 | — | 238M | $936M | $81.9M | $854M |
| 2013 | $4.09B | $731M | 17.9% | $2.99 | — | 241M | $839M | $91.9M | $747M |
| 2012 | $3.9B | $687M | 17.6% | $2.81 | — | 241M | $814M | $73.3M | $741M |
| 2011 | $3.77B | $604M | 16.0% | $2.47 | — | 242M | $1.25B | $96.9M | $1.16B |
| 2010 | $3.65B | $670M | 18.4% | $2.74 | $1.12 | 243M | $790M | $90.5M | $700M |
| 2009 | $3.79B | $864M | 22.8% | $3.16 | $1.12 | 236M | $1.01B | $133M | $882M |
| 2008 | $4.28B | $795M | 18.6% | $3.47 | $1.12 | 224M | $855M | $102M | $753M |
| 2007 | $3.51B | $727M | 20.7% | $3.23 | $1.03 | 223M | $881M | $89.5M | $791M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Revenue is net of interest expense (net interest income plus fees and other income), the way banks and brokers report it.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Asset Management & Custody Banks companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.