NORTHERN TRUST CORP

NTRS 10-K · FY 2025

NTRS FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue (FY) — — —
Show Product Lines breakouts
Custody and Fund Administration 2,026.7 1,915.2 +5.8%
Investment Management and Advisory 2,659.7 2,491.5 +6.8%
Other Trust Investment And Other Servicing Fees 248.4 246.8 +0.6%
Products and Services Other Operating Income 41.8 39.3 +6.4%
Securities Commission and Trading 162.9 143.7 +13.4%
Securities Lending 83 74.3 +11.7%
Show Business Segments breakouts
Asset Servicing Segment · Operating Segments 2,800.2 2,632.8 +6.4%
Wealth Management Segment · Operating Segments 2,217.6 2,095 +5.9%
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Revenue 5,017.8 4,727.8 +6.1%
Revenue (FY) — — —
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Non Us 2,434.6 2,123.2 +14.7%
US 5,651.8 6,167.2 -8.4%
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Revenue 8,086.4 8,290.4 -2.5%
Show Consolidated Entities breakouts
Parent Company 1,601.6 3,487 -54.1%
Income Before Taxes (FY) — — —
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Asset Servicing Segment · Operating Segments 1,127.1 877.4 +28.5%
Wealth Management Segment · Operating Segments 1,297.9 1,213.1 +7.0%
Show Geography breakouts
Non Us 556.6 388.9 +43.1%
US 1,782.9 2,270.6 -21.5%
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Income Before Taxes 2,339.5 2,659.5 -12.0%
Show Consolidation Items breakouts
Corporate And Reconciling Items -85.5 569 -115.0%
Income Tax Expense (Benefit) (FY) — — —
Show Business Segments breakouts
Asset Servicing Segment · Operating Segments 244.5 192.4 +27.1%
Wealth Management Segment · Operating Segments 317.2 304.9 +4.0%
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Income Tax Expense (Benefit) 602.6 628.4 -4.1%
Show Consolidated Entities breakouts
Parent Company -11.1 4.1 -370.7%
Show Consolidation Items breakouts
Corporate And Reconciling Items 40.9 131.1 -68.8%
Net Income (FY) — — —
Show Business Segments breakouts
Asset Servicing Segment · Operating Segments 882.6 685 +28.8%
Wealth Management Segment · Operating Segments 980.7 908.2 +8.0%
Show Geography breakouts
Non Us 439.5 307.9 +42.7%
US 1,297.4 1,723.2 -24.7%
Show Equity Components breakouts
Retained Earnings 1,736.9 2,031.1 -14.5%
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Net Income 1,736.9 2,031.1 -14.5%
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Parent Company 1,736.9 2,031.1 -14.5%
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Corporate And Reconciling Items -126.4 437.9 -128.9%
Comprehensive Income (FY) — — —
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Comprehensive Income 1,960.4 2,355 -16.8%
Other Comprehensive Income (FY) — — —
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Accumulated Defined Benefit Plans Adjustment 10.6 -31.2 +134.0%
Accumulated Foreign Currency Adjustment Attributableto Parent Other 262.4 -143.6 +282.7%
Accumulated Gain Loss Net Cash Flow Hedge Parent 0.3 -0.2 +250.0%
Accumulated Net Unrealized Investment Gain Loss 196.8 325.8 -39.6%
Accumulated Other Comprehensive Income 223.5 323.9 -31.0%
Accumulated Translation Adjustment 15.8 29.5 -46.4%
Longterm Intraentity Foreign Currency Transaction Gains Losses 1 -0.7 +242.9%
Net Investment Hedge Gain Loss -247.6 173.8 -242.5%
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Other Comprehensive Income 223.5 323.9 -31.0%
EPS (Basic) (FY) — — —
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EPS (Basic) 8.78 9.8 -10.4%
EPS (Diluted) (FY) — — —
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EPS (Diluted) 8.74 9.77 -10.5%
Wtd Avg Shares (Basic) (FY) — — —
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Wtd Avg Shares (Basic) 191,358,026 201,263,646 -4.9%
Wtd Avg Shares (Diluted) (FY) — — —
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Wtd Avg Shares (Diluted) 192,246,525 201,870,105 -4.8%
Foreign Currency Transaction Gain Loss Before Tax (FY) — — —
Show Business Segments breakouts
Asset Servicing Segment · Operating Segments 268 247.2 +8.4%
Wealth Management Segment · Operating Segments -27.2 -16 -70.0%
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Foreign Currency Transaction Gain Loss Before Tax 240.8 231.2 +4.2%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments (FY) — — —
Show Consolidated Entities breakouts
Parent Company 1,295.7 3,136.7 -58.7%
Interest And Dividend Income Operating (FY) — — —
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Interest And Dividend Income Operating 8,624.6 9,762.3 -11.7%
Interest And Other Income (FY) — — —
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Parent Company 15.4 75.3 -79.5%
Interest Expense Operating (FY) — — —
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Interest Expense Operating 6,213.6 7,585.2 -18.1%
Show Consolidated Entities breakouts
Parent Company 263.6 302.8 -12.9%
Interest Income Expense Net (FY) — — —
Show Business Segments breakouts
Asset Servicing Segment · Operating Segments 1,398.3 1,209.5 +15.6%
Wealth Management Segment · Operating Segments 1,042.5 993.4 +4.9%
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Interest Income Expense Net 2,411 2,177.1 +10.7%
Show Consolidation Items breakouts
Corporate And Reconciling Items -29.8 -25.8 -15.5%
Marketing And Advertising Expense (FY) — — —
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Marketing And Advertising Expense 77.2 81.3 -5.0%
Net Income Loss Available To Common Stockholders Basic (FY) — — —
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Net Income Loss Available To Common Stockholders Basic 1,695.1 1,989.3 -14.8%
Show Consolidated Entities breakouts
Parent Company 1,695.1 1,989.3 -14.8%
Noninterest Expense (FY) — — —
Show Business Segments breakouts
Asset Servicing Segment · Operating Segments 3,640.8 3,487.7 +4.4%
Wealth Management Segment · Operating Segments 2,086.3 1,990.8 +4.8%
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Noninterest Expense 5,754.4 5,633.9 +2.1%
Show Consolidated Entities breakouts
Parent Company 305.9 350.3 -12.7%
Show Consolidation Items breakouts
Corporate And Reconciling Items 27.3 155.4 -82.4%
Noninterest Income (FY) — — —
Show Business Segments breakouts
Asset Servicing Segment · Operating Segments 3,366.4 3,151 +6.8%
Wealth Management Segment · Operating Segments 2,334.2 2,219.3 +5.2%
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Noninterest Income 5,675.4 6,113.3 -7.2%
Show Consolidation Items breakouts
Corporate And Reconciling Items -25.2 743 -103.4%
Occupancy Net (FY) — — —
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Occupancy Net 217.3 216.8 +0.2%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax (FY) — — —
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Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax -328.1 233.1 -240.8%
Other Noninterest Expense (FY) — — —
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Other Noninterest Expense 345.3 455.2 -24.1%
Show Consolidated Entities breakouts
Parent Company 42.3 47.5 -10.9%
Preferred Stock Dividends Income Statement Impact (FY) — — —
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Preferred Stock Dividends Income Statement Impact 41.8 41.8 0.0%
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Parent Company 41.8 41.8 0.0%
Professional Fees (FY) — — —
Show Business Segments breakouts
Asset Servicing Segment · Operating Segments 122.1 188.2 -35.1%
Wealth Management Segment · Operating Segments 61.4 46.4 +32.3%
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Professional Fees 988.5 998 -1.0%
Show Consolidation Items breakouts
Corporate And Reconciling Items 805 763.4 +5.4%
Revenues Net Of Interest Expense (FY) — — —
Show Business Segments breakouts
Asset Servicing Segment · Operating Segments 4,764.7 4,360.5 +9.3%
Wealth Management Segment · Operating Segments 3,376.7 3,212.7 +5.1%
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Revenues Net Of Interest Expense 8,086.4 8,290.4 -2.5%
Show Consolidation Items breakouts
Corporate And Reconciling Items -55 717.2 -107.7%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Non-Current Assets
Property, Plant & Equipment (Q) — — —
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Property, Plant & Equipment 464.6 490.3 -5.2%
Show Property Plant And Equipment By Type breakouts
Building 87.8 83.1 +5.7%
Equipment 176.7 196.2 -9.9%
Land Improvements 11.2 11.2 0.0%
Leasehold Improvements 188.9 199.8 -5.5%
Operating Lease Right-of-Use Assets (Q) — — —
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Operating Lease Right-of-Use Assets 464.6 478 -2.8%
Goodwill (Q) — — —
Show Business Segments breakouts
Asset Servicing Segment 632.5 614.6 +2.9%
Wealth Management Segment 80.4 80.3 +0.1%
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Goodwill 712.9 694.9 +2.6%
Intangible Assets (Q) — — —
Show Finite Lived Intangible Assets By Major Class breakouts
Computer Software Intangible Asset 2,352 2,155.1 +9.1%
Other Intangible Assets 59.6 58.1 +2.6%
Total Assets (Q) — — —
Show Geography breakouts
Non Us 54,803.5 52,343.8 +4.7%
US 122,329.2 103,164.6 +18.6%
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Total Assets 177,132.7 155,508.4 +13.9%
Show Consolidated Entities breakouts
Parent Company 18,910 18,143.5 +4.2%
Non-Current Liabilities
Total Liabilities (Q) — — —
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Total Liabilities 164,174.8 142,720 +15.0%
Show Consolidated Entities breakouts
Parent Company 5,952.1 5,355.1 +11.1%
Stockholders' Equity
Common Stock (Q) — — —
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Common Stock 408.6 408.6 0.0%
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Parent Company 408.6 408.6 0.0%
Additional Paid-In Capital (Q) — — —
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Additional Paid-In Capital 1,039 1,025.3 +1.3%
Show Consolidated Entities breakouts
Parent Company 1,039 1,025.3 +1.3%
Retained Earnings (Q) — — —
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Retained Earnings 16,709.3 15,614.7 +7.0%
Show Consolidated Entities breakouts
Parent Company 16,709.3 15,614.7 +7.0%
Accumulated Other Comprehensive Income (Q) — — —
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Accumulated Other Comprehensive Income -590.5 -814 +27.5%
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Parent Company -590.5 -814 +27.5%
Total Stockholders' Equity (Q) — — —
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -439 -449.6 +2.4%
Accumulated Gain Loss Net Cash Flow Hedge Parent 0.9 0.6 +50.0%
Accumulated Net Unrealized Investment Gain Loss -401.3 -598.1 +32.9%
Accumulated Other Comprehensive Income -590.5 -814 +27.5%
Accumulated Translation Adjustment 248.9 233.1 +6.8%
Additional Paid In Capital 1,039 1,025.3 +1.3%
Common Stock 408.6 408.6 0.0%
Preferred Stock 884.9 884.9 0.0%
Retained Earnings 16,709.3 15,614.7 +7.0%
Treasury Stock Common -5,493.4 -4,331.1 -26.8%
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Total Stockholders' Equity 12,957.9 12,788.4 +1.3%
Show Consolidated Entities breakouts
Parent Company 12,957.9 12,788.4 +1.3%
Total Liabilities & Equity (Q) — — —
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Total Liabilities & Equity 177,132.7 155,508.4 +13.9%
Show Consolidated Entities breakouts
Parent Company 18,910 18,143.5 +4.2%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Deferred Income Taxes (FY) — — —
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Deferred Income Taxes 194.5 20.7 +839.6%
Net Cash from Operations (FY) — — —
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Net Cash from Operations 5,533.5 -486 +1238.6%
Show Consolidated Entities breakouts
Parent Company 1,458.6 3,160 -53.8%
Investing Activities
Capital Expenditures (FY) — — —
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Capital Expenditures 74 101.5 -27.1%
Purchases of Investments (FY) — — —
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Purchases of Investments 9,428.8 13,010 -27.5%
Other Investing Activities (FY) — — —
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Other Investing Activities 986.3 -793.1 +224.4%
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Parent Company 116.6 -0.1 +116700.0%
Parent Company · Seed Capital Investments Certain Northern Funds 111.7 — —
Net Cash from Investing (FY) — — —
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Net Cash from Investing -20,169.9 -2,563.5 -686.8%
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Parent Company -116.6 0.1 -116700.0%
Financing Activities
Share Repurchases (FY) — — —
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Share Repurchases 1,273.5 937.8 +35.8%
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Parent Company 1,273.5 937.8 +35.8%
Net Cash from Financing (FY) — — —
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Net Cash from Financing 15,175.9 3,439.5 +341.2%
Show Consolidated Entities breakouts
Parent Company -1,404.5 -1,572.5 +10.7%
Supplemental
Income Taxes Paid (FY) — — —
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Income Taxes Paid 426.8 268.6 +58.9%
Interest Paid (FY) — — —
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Interest Paid 6,223.7 7,610.3 -18.2%
Other Cash Flow
Net Change in Cash (FY) — — —
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Net Change in Cash 1,195.9 -114.3 +1146.3%
Show Consolidated Entities breakouts
Parent Company -62.5 1,587.6 -103.9%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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