Northern Trust Corporation (NTRS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 2.21B | 2.12B | 2.04B | 1.98B | 1.94B | 1.97B | 1.96B | 2.71B | 1.66B | 1.53B | 1.71B | 1.77B | 1.73B | 1.51B | 1.75B | 1.76B | 1.72B | 1.68B | 1.65B | 1.61B |
| Gross Margin % | 58.34% | 58.84% | 57.07% | 55.04% | 55.2% | 53.6% | 49.8% | 57.62% | 46.44% | 47.04% | 53.43% | 59.47% | 64.81% | 70.27% | 85.95% | 96.14% | 99.74% | 100.59% | 100.49% | 101.23% |
| Gross Profit Growth % | 13.91% | 7.77% | 4.18% | -26.82% | 17.13% | 28.4% | 14.48% | 52.74% | -4.3% | 1.34% | -2.38% | 0.74% | 0.75% | -9.79% | 6.53% | 9.48% | 6.4% | 10.1% | 10.93% | 11.61% |
| Operating Expenses | 1.51B | 1.5B | 1.42B | 1.42B | 1.42B | 1.38B | 1.36B | 1.53B | 1.36B | 1.39B | 1.28B | 1.33B | 1.29B | 1.32B | 1.23B | 1.22B | 1.21B | 1.17B | 1.13B | 1.12B |
| OpEx % of Revenue | 39.84% | 41.5% | 39.76% | 39.35% | 40.35% | 37.43% | 34.53% | 32.64% | 38.29% | 42.57% | 39.88% | 44.69% | 48.17% | 61.43% | 60.25% | 66.6% | 70.06% | 70.05% | 68.88% | 70.59% |
| Selling, General & Admin | 857.6M | 1.15B | 773.7M | 771.2M | 783.1M | 664.4M | 731.4M | 804.2M | 765.3M | 785.5M | 694.4M | 742.5M | 726.4M | 706.6M | 694.8M | 695M | 687.7M | 650M | 638.7M | 627.5M |
| SG&A % of Revenue | 22.65% | 31.79% | 21.62% | 21.42% | 22.29% | 18.07% | 18.58% | 17.11% | 21.47% | 24.08% | 21.66% | 24.91% | 27.22% | 32.8% | 34.04% | 37.97% | 39.95% | 38.95% | 38.98% | 39.52% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 700.6M | 625.8M | 619.5M | 564.8M | 521.4M | 594.2M | 601.1M | 1.17B | 290.6M | 145.8M | 434.3M | 440.7M | 444M | 190.4M | 524.5M | 540.6M | 510.8M | 509.6M | 518.1M | 486.5M |
| Operating Margin % | 18.51% | 17.34% | 17.31% | 15.69% | 14.84% | 16.17% | 15.27% | 24.98% | 8.15% | 4.47% | 13.55% | 14.79% | 16.64% | 8.84% | 25.7% | 29.54% | 29.68% | 30.54% | 31.62% | 30.64% |
| Operating Income Growth % | 34.37% | 5.32% | 3.06% | -51.87% | 79.42% | 307.54% | 38.41% | 166.3% | -34.55% | -23.42% | -17.2% | -18.48% | -13.08% | -62.64% | 1.24% | 11.12% | 3% | 36.48% | 32.88% | 20.66% |
| EBITDA | 897.7M | 926.9M | 815.3M | 760.5M | 712.1M | 777.1M | 784.2M | 1.35B | 460.9M | 314.8M | 591.8M | 593.9M | 598.9M | 338.6M | 665.4M | 674.2M | 641.7M | 642.4M | 647.1M | 614.9M |
| EBITDA Margin % | 23.71% | 25.69% | 22.78% | 21.12% | 20.27% | 21.14% | 19.92% | 28.82% | 12.93% | 9.65% | 18.46% | 19.93% | 22.44% | 15.72% | 32.6% | 36.84% | 37.28% | 38.5% | 39.49% | 38.73% |
| EBITDA Growth % | 26.06% | 19.28% | 3.97% | -43.84% | 54.5% | 146.86% | 32.51% | 128% | -23.04% | -7.03% | -11.06% | -11.91% | -6.67% | -47.29% | 2.83% | 9.64% | 3.28% | 28.17% | 25.94% | 16.46% |
| D&A (Non-Cash Add-back) | 197.1M | 301.1M | 195.8M | 195.7M | 190.7M | 182.9M | 183.1M | 180.5M | 170.3M | 169M | 157.5M | 153.2M | 154.9M | 148.2M | 140.9M | 133.6M | 130.9M | 132.8M | 129M | 128.4M |
| EBIT | 700.6M | 625.8M | 619.5M | 564.8M | 521.4M | 594.2M | 601.1M | 1.17B | 290.6M | 145.8M | 434.3M | 440.7M | 444M | 190.4M | 524.5M | 540.6M | 510.8M | 509.6M | 518.1M | 486.5M |
| Net Interest Income | 654M | 641.6M | 590.8M | 610.5M | 568.1M | 563.8M | 562.3M | 522.9M | 528.1M | 483.1M | 456.2M | 511.5M | 531.2M | 534.5M | 513M | 458.7M | 381M | 360.5M | 346.4M | 335.6M |
| Interest Income | 2.23B | 2.13B | 2.14B | 2.21B | 2.14B | 2.28B | 2.53B | 2.51B | 2.45B | 2.2B | 1.94B | 1.74B | 1.46B | 1.17B | 799.3M | 524.8M | 383.5M | 362.2M | 351.3M | 343.1M |
| Interest Expense | 1.58B | 1.49B | 1.55B | 1.6B | 1.57B | 1.72B | 1.97B | 1.98B | 1.92B | 1.72B | 1.48B | 1.22B | 924.2M | 635.6M | 286.3M | 66.1M | 2.5M | 1.7M | 4.9M | 7.5M |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 700.6M | 633.8M | 619.5M | 564.8M | 521.4M | 594.2M | 601.1M | 1.17B | 290.6M | 145.8M | 434.3M | 440.7M | 444M | 190.4M | 524.5M | 540.6M | 510.8M | 509.6M | 518.1M | 486.5M |
| Pretax Margin % | 18.51% | 17.57% | 17.31% | 15.69% | 14.84% | 16.17% | 15.27% | 24.98% | 8.15% | 4.47% | 13.55% | 14.79% | 16.64% | 8.84% | 25.7% | 29.54% | 29.68% | 30.54% | 31.62% | 30.64% |
| Income Tax | 175.1M | 167.8M | 161.9M | 143.5M | 129.4M | 138.8M | 136.2M | 277.5M | 75.9M | 32.7M | 106.5M | 108.9M | 109.4M | 34.7M | 129.7M | 144.4M | 121.5M | 103.2M | 122.4M | 118.4M |
| Effective Tax Rate % | 24.99% | 26.48% | 26.13% | 25.41% | 24.82% | 23.36% | 22.66% | 23.65% | 26.12% | 22.43% | 24.52% | 24.71% | 24.64% | 18.22% | 24.73% | 26.71% | 23.79% | 20.25% | 23.62% | 24.34% |
| Net Income | 525.5M | 466M | 457.6M | 421.3M | 392M | 455.4M | 464.9M | 896.1M | 214.7M | 113.1M | 327.8M | 331.8M | 334.6M | 155.7M | 394.8M | 396.2M | 389.3M | 406.4M | 395.7M | 368.1M |
| Net Margin % | 13.88% | 12.92% | 12.79% | 11.7% | 11.16% | 12.39% | 11.81% | 19.07% | 6.02% | 3.47% | 10.23% | 11.13% | 12.54% | 7.23% | 19.34% | 21.65% | 22.62% | 24.36% | 24.15% | 23.18% |
| Net Income Growth % | 34.06% | 2.33% | -1.57% | -52.99% | 82.58% | 302.65% | 41.82% | 170.07% | -35.83% | -27.36% | -16.97% | -16.25% | -14.05% | -61.69% | -0.23% | 7.63% | 3.79% | 68.7% | 34.36% | 17.49% |
| Net Income (Continuing) | 525.5M | 466M | 457.6M | 421.3M | 392M | 455.4M | 464.9M | 896.1M | 214.7M | 113.1M | 327.8M | 331.8M | 334.6M | 155.7M | 394.8M | 396.2M | 389.3M | 406.4M | 395.7M | 368.1M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.71 | 2.42 | 2.29 | 2.13 | 1.90 | 2.26 | 2.22 | 4.34 | 0.96 | 0.52 | 1.49 | 1.56 | 1.51 | 0.71 | 1.80 | 1.86 | 1.77 | 1.91 | 1.80 | 1.72 |
| EPS Growth % | 42.63% | 7.08% | 3.15% | -50.92% | 97.92% | 334.62% | 48.99% | 178.21% | -36.42% | -26.76% | -17.22% | -16.13% | -14.69% | -62.83% | 0% | 8.14% | 4.12% | 70.54% | 36.36% | 17.81% |
| EPS (Basic) | 2.72 | 2.44 | 2.30 | 2.14 | 1.91 | 2.27 | 2.23 | 4.35 | 0.96 | 0.52 | 1.49 | 1.56 | 1.51 | 0.71 | 1.80 | 1.86 | 1.78 | 1.92 | 1.81 | 1.73 |
| Diluted Shares Outstanding | 186.54M | 188.58M | 191M | 193.37M | 196.13M | 198.11M | 200.55M | 203.74M | 205.13M | 206.48M | 207.25M | 207.82M | 208.73M | 208.89M | 208.89M | 208.88M | 208.81M | 208.59M | 208.92M | 209.14M |
| Basic Shares Outstanding | 185.5M | 187.53M | 190.05M | 192.75M | 195.19M | 197.24M | 199.94M | 203.31M | 204.63M | 206.17M | 207.02M | 207.64M | 208.19M | 208.42M | 208.4M | 208.38M | 208.03M | 207.71M | 208.12M | 208.37M |
| Dividend Payout Ratio | 28.26% | 32.1% | 33.19% | 34.18% | 37.27% | 32.41% | 32.09% | 16.95% | 71.54% | 136.34% | 47.41% | 46.84% | 46.77% | 200.83% | 36.98% | 36.85% | 37.37% | 35.8% | 36.92% | 39.61% |