Northern Trust (NTRS) Revenue & Revenue Breakdown

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Northern Trust Revenue Highlights

Latest Revenue (Y)

$14.30B

Latest Revenue (Q)

$2.03B

Main Segment (Y)

Corporate and Institutional Service

Main Geography (Y)

Domestic Country

Northern Trust Revenue by Period

Northern Trust Revenue by Year

Date	Revenue	Change
2025-12-31	$14.30B	-9.93%
2024-12-31	$15.88B	31.02%
2023-12-31	$12.12B	56.31%
2022-12-31	$7.75B	19.47%
2021-12-31	$6.49B	2.97%
2020-12-31	$6.30B	-8.61%
2019-12-31	$6.90B	3.55%
2018-12-31	$6.66B	16.51%
2017-12-31	$5.72B	13.84%
2016-12-31	$5.02B	5.55%
2015-12-31	$4.76B	5.41%
2014-12-31	$4.51B	5.46%
2013-12-31	$4.28B	2.04%
2012-12-31	$4.19B	0.60%
2011-12-31	$4.17B	3.55%
2010-12-31	$4.03B	-6.43%
2009-12-31	$4.30B	-21.99%
2008-12-31	$5.51B	1.27%
2007-12-31	$5.45B	20.98%
2006-12-31	$4.50B	26.98%
2005-12-31	$3.54B	25.30%
2004-12-31	$2.83B	8.90%
2003-12-31	$2.60B	-6.39%
2002-12-31	$2.78B	-15.75%
2001-12-31	$3.29B	-7.95%
2000-12-31	$3.58B	27.62%
1999-12-31	$2.80B	8.90%
1998-12-31	$2.57B	13.56%
1997-12-31	$2.27B	17.39%
1996-12-31	$1.93B	86.49%
1995-12-31	$1.04B	6.99%
1994-12-31	$968.00M	9.79%
1993-12-31	$881.70M	-

Northern Trust generated $14.30B in revenue during NA 2025, up -9.93% compared to the previous quarter, and up 226.94% compared to the same period a year ago.

Northern Trust Revenue by Quarter

Date	Revenue	Change
2025-09-30	$2.03B	-43.74%
2025-06-30	$3.60B	2.49%
2025-03-31	$3.51B	-4.44%
2024-12-31	$3.68B	-6.62%
2024-09-30	$3.94B	-16.23%
2024-06-30	$4.70B	31.84%
2024-03-31	$3.56B	9.27%
2023-12-31	$3.26B	1.76%
2023-09-30	$3.21B	7.54%
2023-06-30	$2.98B	11.68%
2023-03-31	$2.67B	23.87%
2022-12-31	$2.15B	5.56%
2022-09-30	$2.04B	11.52%
2022-06-30	$1.83B	6.33%
2022-03-31	$1.72B	3.15%
2021-12-31	$1.67B	1.82%
2021-09-30	$1.64B	3.21%
2021-06-30	$1.59B	-0.34%
2021-03-31	$1.59B	3.45%
2020-12-31	$1.54B	1.87%
2020-09-30	$1.51B	-1.84%
2020-06-30	$1.54B	-9.86%
2020-03-31	$1.71B	0.34%
2019-12-31	$1.70B	-2.18%
2019-09-30	$1.74B	0.67%
2019-06-30	$1.73B	0.45%
2019-03-31	$1.72B	-0.78%
2018-12-31	$1.74B	4.20%
2018-09-30	$1.67B	0.29%
2018-06-30	$1.66B	3.92%
2018-03-31	$1.60B	4.26%
2017-12-31	$1.53B	13.34%
2017-09-30	$1.35B	1.81%
2017-06-30	$1.33B	3.33%
2017-03-31	$1.29B	0.97%
2016-12-31	$1.27B	4.64%
2016-09-30	$1.22B	-8.14%
2016-06-30	$1.32B	11.30%
2016-03-31	$1.19B	18.81%
2015-12-31	$1.00B	0.44%
2015-09-30	$997.20M	-10.06%
2015-06-30	$1.11B	10.94%
2015-03-31	$999.40M	1.27%
2014-12-31	$986.90M	5.38%
2014-09-30	$936.50M	-0.06%
2014-06-30	$937.10M	4.58%
2014-03-31	$896.10M	0.34%
2013-12-31	$893.10M	-0.91%
2013-09-30	$901.30M	1.92%
2013-06-30	$884.30M	4.47%
2013-03-31	$846.50M	92.17%
2012-12-31	$440.50M	-54.70%
2012-09-30	$972.50M	-1.62%
2012-06-30	$988.50M	2.39%
2012-03-31	$965.40M	1.03%
2011-12-31	$955.60M	-1.64%
2011-09-30	$971.50M	2.83%
2011-06-30	$944.80M	5.22%
2011-03-31	$897.90M	0.20%
2010-12-31	$896.10M	0.74%
2010-09-30	$889.50M	-7.75%
2010-06-30	$964.20M	7.38%
2010-03-31	$897.90M	-4.52%
2009-12-31	$940.40M	2.47%
2009-09-30	$917.70M	-11.35%
2009-06-30	$1.04B	15.85%
2009-03-31	$893.60M	-21.44%
2008-12-31	$1.14B	22.81%
2008-09-30	$926.20M	-14.35%
2008-06-30	$1.08B	-

Northern Trust generated $2.03B in revenue during Q3 2025, up -43.74% compared to the previous quarter, and up 43.10% compared to the same period a year ago.

Northern Trust Revenue Breakdown

Northern Trust Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Wealth Management	$3.38B	$3.21B	$2.88B	-	-
Corporate and Institutional Service	$4.76B	-	-	-	-
Asset Servicing Segment	-	$4.37B	-	-	-
Investment Management and Advisory	-	-	$2.23B	$2.30B	$2.14B
Securities Lending	-	-	$83.90M	$81.60M	$76.90M
Other Trust, Investment, And Other Servicing Fees	-	-	$240.30M	$235.90M	$226.70M
Custody and Fund Administration	-	-	$1.81B	$1.82B	$1.92B

Northern Trust's latest annual revenue breakdown by segment (product or service), as of Dec 25: Corporate and Institutional Service (58.52%), and Wealth Management (41.48%).

Quarterly Revenue by Product

Product/Service	Dec 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Corporate and Institutional Service	$3.59B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth Management	$2.54B	$17.00M	$820.40M	$1.62B	$807.80M	$780.50M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Servicing Segment	-	$43.90M	$1.13B	$2.19B	$1.12B	$1.06B	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Custody and Fund Administration	-	-	-	-	-	$467.40M	$446.60M	$459.00M	$458.10M	$441.60M	$432.60M	$435.00M	$464.40M	$484.00M	$482.70M	$485.90M	$479.20M	$469.70M	$442.60M	$416.40M
Investment Management and Advisory	-	-	-	-	-	$593.90M	$558.90M	$574.10M	$558.80M	$540.50M	$533.30M	$565.30M	$597.30M	$603.20M	$553.20M	$549.20M	$521.20M	$516.40M	$514.10M	$519.30M
Other Trust, Investment, And Other Servicing Fees	-	-	-	-	-	$63.00M	$61.90M	$58.10M	$57.90M	$62.40M	$56.80M	$56.70M	$60.10M	$62.30M	$56.20M	$55.70M	$55.50M	$59.30M	$51.80M	$48.30M
Securities Lending	-	-	-	-	-	$18.60M	$22.60M	$20.70M	$21.50M	$19.10M	$19.40M	$21.70M	$21.60M	$18.90M	$18.90M	$20.20M	$19.50M	$18.30M	$17.60M	$19.80M

Northern Trust's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Corporate and Institutional Service (58.59%), and Wealth Management (41.41%).

Northern Trust Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 25	Dec 24	Dec 23	Dec 22
Foreign Country	$2.43B	$2.24B	$2.16B	-
Domestic Country	$5.65B	$6.05B	$4.62B	-
UNITED STATES	-	-	$4.62B	$4.49B
Non-US	-	-	$2.16B	$2.27B

Northern Trust's latest annual revenue breakdown by geography, as of Dec 25: Domestic Country (69.89%), and Foreign Country (30.11%).

Northern Trust Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
USB	U.S. Bancorp	$42.86B	$9.81B
STT	State Street	$20.70B	$5.97B
MKL	Markel	$16.59B	$3.93B
FCNCA	First Citizens BancShares	$14.50B	$3.68B
NTRS	Northern Trust	$14.30B	$2.03B
CINF	Cincinnati Financial	$12.63B	$3.73B
CFG	Citizens Financial Group	$11.15B	$2.12B
TROW	T. Rowe Price Group	$7.31B	$1.89B
CG	Carlyle Group	$4.90B	$455.90M
OWL	Blue Owl Capital	$2.87B	$727.99M

NTRS Revenue FAQ

What is Northern Trust’s yearly revenue?

Northern Trust's yearly revenue for 2025 was $14.3B, representing a decrease of -9.93% compared to 2024. The company's yearly revenue for 2024 was $15.88B, representing an increase of 31.02% compared to 2023. NTRS's yearly revenue for 2023 was $12.12B, representing an increase of 56.31% compared to 2022.

What is Northern Trust’s quarterly revenue?

Northern Trust's quarterly revenue for Q3 2025 was $2.03B, a -43.74% decrease from the previous quarter (Q2 2025), and a -48.55% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $3.6B, a 2.49% increase from the previous quarter (Q1 2025), and a -23.39% decrease year-over-year (Q2 2024). NTRS's quarterly revenue for Q1 2025 was $3.51B, a -4.44% decrease from the previous quarter (Q4 2024), and a -1.45% decrease year-over-year (Q1 2024).

What is Northern Trust’s revenue growth rate?

Northern Trust's revenue growth rate for the last 3 years (2023-2025) was 18.02%, and for the last 5 years (2021-2025) was 120.40%.

What are Northern Trust’s revenue streams?

Northern Trust's revenue streams in c 25 are Wealth Management, and Corporate and Institutional Service. Wealth Management generated $3.38B in revenue, accounting 41.48% of the company's total revenue, up 5.10% year-over-year. Corporate and Institutional Service generated $4.76B in revenue, accounting 58.52% of the company's total revenue

What is Northern Trust’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Northern Trust was Corporate and Institutional Service. This segment made a revenue of $4.76B, representing 58.52% of the company's total revenue.