Northern Trust profit margin NTRS
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 24.8%
- Net margin on a year earlier
- +2.7 pts
- Peer median
- 10.3%
Over the twelve months to Jun 30, 2026, Northern Trust kept 24.8% of its revenue as net profit.
Five years earlier its net margin was 20.7%.
The median for 10 asset managers of a similar size is 10.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin |
|---|---|
| FY2025 | 21.5% |
| FY2024 | 24.5% |
| FY2023 | 16.3% |
| FY2022 | 19.8% |
| FY2021 | 23.9% |
| FY2020 | 19.8% |
| FY2019 | 24.6% |
| FY2018 | 26.1% |
| FY2017 | 22.3% |
| FY2016 | 20.8% |
| FY2015 | 20.7% |
| FY2014 | 18.7% |
| FY2013 | 17.9% |
| FY2012 | 17.6% |
| FY2011 | 16.0% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 24.8% | +2.7 pts | |
| Q1 FY26 | 22.4% | −3.3 pts | |
| Q4 FY25 | 21.5% | −3.0 pts | |
| Q3 FY25 | 21.8% | +0.3 pts | |
| Q2 FY25 | 22.0% | +1.7 pts | |
| Q1 FY25 | 25.7% | +10.9 pts | |
| Q4 FY24 | 24.5% | +8.2 pts | |
| Q3 FY24 | 21.4% | +4.4 pts | |
| Q2 FY24 | 20.3% | +2.4 pts | |
| Q1 FY24 | 14.8% | −4.1 pts | |
| Q4 FY23 | 16.3% | −3.4 pts | |
| Q3 FY23 | 17.0% | −5.9 pts |
Against its peers
Companies in Asset Management nearest Northern Trust's size, closest first, today.
| Company | Profit margin |
|---|---|
| NTRSNorthern Trust | 24.8% |
| RJFRaymond James Financial | 13.6% |
| ARESAres Management | 10.6% |
| PFGPrincipal Financial | 9.9% |
| TROWT. Rowe Price | 29.3% |
| AMPAmeriprise Financial | 19.9% |
| STTState Street | 23.0% |
| TPGTPG | 4.7% |
| BENFranklin Resources | 8.7% |
| OWLBlue OWL Capital | 2.7% |
| APOApollo Global Management | 5.2% |
| Peer median | 10.3% |
Where Northern Trust ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Northern Trust
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.