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Financials · S&P 500 · data as of 2026-10-05

NTRS stock analysis: Northern Trust

Northern Trust (NTRS) is an S&P 500 company in Asset Management & Custody Banks. It grades weakest on profitability and growth.

The model's view of NTRS · subscribers

Where NTRS ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with NTRS · updated 2026-10-05 · from prices and SEC filings

NTRS price performance

NTRS against the S&P 500, one year
+0%+20%+40%NTRS +30%S&P 500 +18%2025-09-292026-10-05
Year to date+26.9%S&P 500 +14.5% · ahead by 12.3 pts
1 year+31.7%S&P 500 +17.0% · ahead by 14.6 pts
3 years+178.7%S&P 500 +89.3% · ahead by 89.5 pts
5 years+78.5%S&P 500 +91.3% · behind by 12.8 pts

Total returns with dividends reinvested.

NTRS factor grades

Each grade compares NTRS with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

–ValueFCF yield 1.4% (industry 4.7%)
D-GrowthRevenue growth -1% (industry +12%)
D+Profitability
B+Momentum12-month change +32%From 52-wk high -10%

NTRS in plain numbers

NTRS key statistics

SectorFinancials
IndustryAsset Management & Custody Banks
IndexS&P 500
Market value$31.2B
Revenue growth (y/y)-1%
Free-cash-flow yield1.4%
Dividend yield1.9%
Next earnings (expected)2026-10-21
Valuation measures
Market value$31.2B
Enterprise value$25.5B
Price / sales3.7x
Price / book2.3x
EV / revenue3.1x
Financial highlights
Revenue, last 12 months$8.3B
Net income, last 12 months$2.2B
Net margin26.9%
Return on equity17.1%
Cash$5.7B
Free cash flow, last 12 months$445.3M

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

NTRS earnings trends

Revenue vs earnings
$0$1.2B$2.4B$3.6B$4.8BSep 2024 Revenue: $1.2BDec 2024 Revenue: $4.8BMar 2025 Revenue: $1.2BJun 2025 Revenue: $1.2BSep 2025 Revenue: $1.3BDec 2025 Revenue: $4.4BMar 2026 Revenue: $1.3BJun 2026 Revenue: $1.3BSep 2024 Net income: $464.9MDec 2024 Net income: $455.4MMar 2025 Net income: $392.0MJun 2025 Net income: $421.3MSep 2025 Net income: $457.6MDec 2025 Net income: $466.0MMar 2026 Net income: $525.5MJun 2026 Net income: $792.2MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 38.9%Net margin: 9.5%Net margin: 32.3%Net margin: 34.2%Net margin: 36.2%Net margin: 10.6%Net margin: 39.2%Net margin: 58.7%0%29%59%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.7$1.4$2.0$2.7Sep 2024 EPS (GAAP, diluted): $2.2Dec 2024 EPS (GAAP, diluted): $2.3Mar 2025 EPS (GAAP, diluted): $1.9Jun 2025 EPS (GAAP, diluted): $2.1Sep 2025 EPS (GAAP, diluted): $2.3Dec 2025 EPS (GAAP, diluted): $2.4Mar 2026 EPS (GAAP, diluted): $2.7Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026■ EPS (GAAP, diluted) Change from a year earlier: Jun 2025 -51% · Sep 2025 +3% · Dec 2025 +7% · Mar 2026 +43%

From the company's 10-Q and 10-K filings with the SEC.

Northern Trust financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$6.5B$6.8B$6.8B$8.3B$8.1B
Net income$1.5B$1.3B$1.1B$2.0B$1.7B
EPS (GAAP)$7.14$6.14$5.08$9.78$8.74
Free cash flow$1.3B$2.3B$2.5B-$587.5M$5.5B

NTRS earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-22n/an/a+10%-2.5%
2026-04-21$2.71+43%+11%+5.2%
2026-01-22$2.42+7%-9%+2.4%
2025-10-22$2.29+3%+6%-3.0%
2025-07-23$2.13-51%+6%+0.9%
2025-04-22$1.90+98%+6%+0.2%

About Northern Trust

HeadquartersChicago, IL
Industry (SEC code)State Commercial Banks
Fiscal year endsDecember 31
Incorporated inDE
Listed onNasdaq, Nasdaq

From the company's SEC registration record.

Companies similar to NTRS

CompanyMarket valueP/ERevenue growthOperating margin12-month change
NTRS Northern Trust$31.2Bn/a-1%n/a+32%
AMP Ameriprise$43.7B11.9x+9%n/a+2%compare
TROW T. Rowe Price$22.2B10.4x+7%30.8%+6%compare
STT State Street$48.4B15.6x+12%n/a+55%compare
BEN Franklin Resources$16.7B22.4x+8%9.7%+45%
APO Apollo Global$68.1B42.3x+41%n/a-7%
IVZ Invesco$13.5Bn/a+12%-7.1%+31%

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Frequently asked questions

Is NTRS stock a buy?

Torvanta does not tell individuals what to buy. Its grades for NTRS are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

When does NTRS report earnings next?

Based on its filing history, Torvanta expects Northern Trust to report around 2026-10-21.

Does NTRS pay a dividend?

Yes. Its dividend yield is about 1.9%, and it has raised its dividend 1 years in a row.

How has NTRS performed against the S&P 500?

Over the past year NTRS returned +31.7%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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