NORTHERN TRUST CORP
NTRS· Nasdaq, Nasdaq· State Commercial Banks
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 108.8%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +4.7%
We record prices for the companies we cover; NTRS is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 192.2M
- Revenue
- $5.0B
- Free cash flow
- $5.5B
- Owner earnings
- $5.3B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 34.6%
- Free cash flow
- 108.8%
- Owner earnings
- 106.3%
- Stock pay
- 2.5%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 13.4%
- ROE, 5 yr avg
- 12.7%
Growth (CAGR)
- Revenue, 3 yr
- 4.2%
- Revenue, 5 yr
- 4.7%
- Revenue, 9 yr
- 0.1%
- Diluted EPS, 3 yr
- 12.5%
- Diluted EPS, 5 yr
- 9.9%
- Diluted EPS, 9 yr
- 8.1%
- Free cash flow, 3 yr
- 34.1%
- Free cash flow, 5 yr
- 25.4%
- Free cash flow, 9 yr
- 16.3%
Financial health · FY2025
- Cash and investments
- $5.9B
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 34.1%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -1.7%
Financials: ten years from the 10-Ks
Revenue
$5.0B
+0.1% a year over 9 years
FY2016FY2025
Margins
34.6%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$5.5BOwner earnings$5.3B
Free cash flow +16.3% a year
FY2016FY2025
Diluted shares
192.2M
-16.1% over 9 years, net buybacks
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $5.0B | $3.4B | $3.8B | $3.9B | $4.0B | $4.4B | $4.4B | $4.4B | $4.7B | $5.0B |
| Revenue growth | 5.5% | -30.8% | 9.3% | 2.6% | 3.7% | 9.2% | 1.6% | -1.6% | 8.4% | 6.1% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | – | – | – | – | – | – | – | – | – | – |
| Net income | $1.0B | $1.2B | $1.6B | $1.5B | $1.2B | $1.5B | $1.3B | $1.1B | $2.0B | $1.7B |
| Net margin | 20.8% | 34.9% | 41.5% | 38.7% | 30.3% | 35.4% | 30.1% | 25.4% | 43.0% | 34.6% |
| Diluted EPS | $4.32 | $4.92 | $6.64 | $6.63 | $5.46 | $7.14 | $6.14 | $5.08 | $9.77 | $8.74 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $1.5B | $1.7B | $1.8B | $2.6B | $1.9B | $1.4B | $2.4B | $2.6B | -$486.0M | $5.5B |
| Capital expenditure | $111.3M | $91.6M | $97.6M | $158.0M | $135.8M | $95.5M | $128.6M | $116.5M | $101.5M | $74.0M |
| Free cash flow | $1.4B | $1.6B | $1.7B | $2.4B | $1.8B | $1.3B | $2.3B | $2.5B | -$587.5M | $5.5B |
| Stock-based compensation | $86.8M | $128.0M | $130.9M | $107.9M | $91.4M | $95.5M | $125.2M | $118.2M | $119.4M | $126.5M |
| Owner earnings? | $1.3B | $1.5B | $1.5B | $2.3B | $1.7B | $1.2B | $2.1B | $2.4B | -$706.9M | $5.3B |
| Free cash flow per share | $6.10 | $7.09 | $7.44 | $11.29 | $8.43 | $6.03 | $10.84 | $12.09 | $-2.91 | $28.40 |
| Capital allocation | ||||||||||
| Dividends paid | $333.0M | $356.8M | $405.4M | $529.7M | $584.6M | $583.3M | $750.2M | $621.5M | $602.3M | $591.6M |
| Share repurchases | $411.1M | $523.1M | $924.3M | $1.1B | $299.8M | $267.6M | $35.4M | $347.5M | $937.8M | $1.3B |
| Diluted shares | 229.2M | 229.7M | 224.5M | 215.6M | 209.0M | 208.9M | 208.9M | 207.6M | 201.9M | 192.2M |
| Share count change? | -2.2% | 0.2% | -2.2% | -4.0% | -3.1% | -0.1% | 0.0% | -0.6% | -2.7% | -4.8% |
| Balance sheet | ||||||||||
| Cash and equivalents | $5.3B | $4.5B | $4.6B | $4.5B | $4.4B | $3.1B | $4.7B | $4.8B | $4.7B | $5.9B |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | – | – | – | – | – | – | – | – | – | – |
| Net debt | – | – | – | – | – | – | – | – | – | – |
| Shareholders' equity | $9.8B | $10.2B | $10.5B | $11.1B | $11.7B | $12.0B | $11.3B | $11.9B | $12.8B | $13.0B |
Latest filings
| 2026-10-29 | 10-Q | Quarterly report |
| 2026-10-21 | 8-K | Earnings release |
| 2026-07-30 | 10-Q | Quarterly report |
| 2026-07-22 | 8-K | Earnings release |
| 2026-04-30 | 10-Q | Quarterly report |
| 2026-04-21 | 8-K | Earnings release |
| 2026-03-11 | DEF 14A | Proxy statement |
| 2026-02-24 | 10-K | Annual report |
| 2026-01-22 | 8-K | Earnings release |
| 2025-10-30 | 10-Q | Quarterly report |
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