NORTHERN TRUST CORP
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NTRS FY 2025 request
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Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue (FY) | — | — | — |
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| 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% |
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| 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% |
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| 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% |
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| 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% |
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| Corporate And Reconciling Items | -85.5 | 569 | -115.0% |
| Income Tax Expense (Benefit) (FY) | — | — | — |
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| 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% |
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| Parent Company | -11.1 | 4.1 | -370.7% |
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| Corporate And Reconciling Items | 40.9 | 131.1 | -68.8% |
| Net Income (FY) | — | — | — |
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| Asset Servicing Segment · Operating Segments | 882.6 | 685 | +28.8% |
| Wealth Management Segment · Operating Segments | 980.7 | 908.2 | +8.0% |
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| Non Us | 439.5 | 307.9 | +42.7% |
| US | 1,297.4 | 1,723.2 | -24.7% |
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| 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) | — | — | — |
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| 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) | — | — | — |
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| 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% |
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| Parent Company | 263.6 | 302.8 | -12.9% |
| Interest Income Expense Net (FY) | — | — | — |
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| 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% |
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| 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% |
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| Parent Company | 1,695.1 | 1,989.3 | -14.8% |
| Noninterest Expense (FY) | — | — | — |
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| 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% |
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| Parent Company | 305.9 | 350.3 | -12.7% |
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| Corporate And Reconciling Items | 27.3 | 155.4 | -82.4% |
| Noninterest Income (FY) | — | — | — |
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| 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% |
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| 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% |
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| 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) | — | — | — |
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| 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% |
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| Corporate And Reconciling Items | 805 | 763.4 | +5.4% |
| Revenues Net Of Interest Expense (FY) | — | — | — |
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| 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% |
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| Corporate And Reconciling Items | -55 | 717.2 | -107.7% |
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% |
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| 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) | — | — | — |
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| 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) | — | — | — |
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| Computer Software Intangible Asset | 2,352 | 2,155.1 | +9.1% |
| Other Intangible Assets | 59.6 | 58.1 | +2.6% |
| Total Assets (Q) | — | — | — |
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| 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% |
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| 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% |
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| 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% |
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| 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% |
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| 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) | — | — | — |
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| 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% |
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| 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% |
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| Parent Company | 18,910 | 18,143.5 | +4.2% |
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% |
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| 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% |
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| 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% |
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| Parent Company | -62.5 | 1,587.6 | -103.9% |
Values in millions USD. Source: SEC EDGAR 10-K filing.