Northern Trust (NTRS) Revenue & Revenue Breakdown
Northern Trust Revenue Highlights
Latest Revenue (Y)
$12.12B
Latest Revenue (Q)
$4.70B
Main Segment (Y)
Investment Management and Advisory
Main Geography (Y)
UNITED STATES
Northern Trust Revenue by Period
Northern Trust Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $12.12B | 79.52% |
| 2022-12-31 | $6.75B | 3.10% |
| 2021-12-31 | $6.55B | 9.54% |
| 2020-12-31 | $5.98B | -1.84% |
| 2019-12-31 | $6.09B | 1.89% |
| 2018-12-31 | $5.97B | 10.58% |
| 2017-12-31 | $5.40B | 7.92% |
| 2016-12-31 | $5.01B | 5.50% |
| 2015-12-31 | $4.75B | 9.72% |
| 2014-12-31 | $4.33B | 6.29% |
| 2013-12-31 | $4.07B | 5.12% |
| 2012-12-31 | $3.87B | 2.06% |
| 2011-12-31 | $3.79B | 1.97% |
| 2010-12-31 | $3.72B | -3.25% |
| 2009-12-31 | $3.84B | -9.24% |
| 2008-12-31 | $4.24B | 20.80% |
| 2007-12-31 | $3.51B | 17.05% |
| 2006-12-31 | $3.00B | 14.13% |
| 2005-12-31 | $2.63B | 15.55% |
| 2004-12-31 | $2.27B | 8.69% |
| 2003-12-31 | $2.09B | -2.25% |
| 2002-12-31 | $2.14B | -1.69% |
| 2001-12-31 | $2.18B | 3.31% |
| 2000-12-31 | $2.11B | 20.05% |
| 1999-12-31 | $1.75B | 13.25% |
| 1998-12-31 | $1.55B | 12.83% |
| 1997-12-31 | $1.37B | 17.71% |
| 1996-12-31 | $1.17B | 12.60% |
| 1995-12-31 | $1.04B | 6.99% |
| 1994-12-31 | $968.00M | 9.79% |
| 1993-12-31 | $881.70M | - |
Northern Trust generated $12.12B in revenue during NA 2023, up 79.52% compared to the previous quarter, and up 202.80% compared to the same period a year ago.
Northern Trust Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $4.70B | 31.84% |
| 2024-03-31 | $3.56B | 9.27% |
| 2023-12-31 | $3.26B | 90.47% |
| 2023-09-30 | $1.71B | -3.39% |
| 2023-06-30 | $1.77B | 2.49% |
| 2023-03-31 | $1.73B | 14.24% |
| 2022-12-31 | $1.51B | -13.70% |
| 2022-09-30 | $1.75B | -0.56% |
| 2022-06-30 | $1.76B | 2.77% |
| 2022-03-31 | $1.72B | 2.28% |
| 2021-12-31 | $1.68B | 1.92% |
| 2021-09-30 | $1.65B | 2.46% |
| 2021-06-30 | $1.61B | -0.38% |
| 2021-03-31 | $1.61B | 5.84% |
| 2020-12-31 | $1.52B | 2.68% |
| 2020-09-30 | $1.48B | 3.09% |
| 2020-06-30 | $1.44B | -5.67% |
| 2020-03-31 | $1.53B | -1.42% |
| 2019-12-31 | $1.55B | 0.25% |
| 2019-09-30 | $1.54B | 2.10% |
| 2019-06-30 | $1.51B | 2.17% |
| 2019-03-31 | $1.48B | -1.78% |
| 2018-12-31 | $1.51B | 1.65% |
| 2018-09-30 | $1.48B | -1.42% |
| 2018-06-30 | $1.50B | 1.73% |
| 2018-03-31 | $1.48B | 3.80% |
| 2017-12-31 | $1.42B | 5.37% |
| 2017-09-30 | $1.35B | 1.81% |
| 2017-06-30 | $1.33B | 3.33% |
| 2017-03-31 | $1.29B | 0.97% |
| 2016-12-31 | $1.27B | 4.64% |
| 2016-09-30 | $1.22B | -8.14% |
| 2016-06-30 | $1.32B | 11.30% |
| 2016-03-31 | $1.19B | 18.81% |
| 2015-12-31 | $1.00B | 0.44% |
| 2015-09-30 | $997.20M | -10.06% |
| 2015-06-30 | $1.11B | 10.94% |
| 2015-03-31 | $999.40M | 1.27% |
| 2014-12-31 | $986.90M | 5.38% |
| 2014-09-30 | $936.50M | -0.06% |
| 2014-06-30 | $937.10M | 4.58% |
| 2014-03-31 | $896.10M | 0.34% |
| 2013-12-31 | $893.10M | -0.91% |
| 2013-09-30 | $901.30M | 1.92% |
| 2013-06-30 | $884.30M | 4.47% |
| 2013-03-31 | $846.50M | 92.17% |
| 2012-12-31 | $440.50M | -54.70% |
| 2012-09-30 | $972.50M | -1.62% |
| 2012-06-30 | $988.50M | 2.39% |
| 2012-03-31 | $965.40M | 1.03% |
| 2011-12-31 | $955.60M | -1.64% |
| 2011-09-30 | $971.50M | 2.83% |
| 2011-06-30 | $944.80M | 5.22% |
| 2011-03-31 | $897.90M | 0.20% |
| 2010-12-31 | $896.10M | 0.74% |
| 2010-09-30 | $889.50M | -7.75% |
| 2010-06-30 | $964.20M | 7.38% |
| 2010-03-31 | $897.90M | -4.52% |
| 2009-12-31 | $940.40M | 2.47% |
| 2009-09-30 | $917.70M | -11.35% |
| 2009-06-30 | $1.04B | 15.85% |
| 2009-03-31 | $893.60M | -21.44% |
| 2008-12-31 | $1.14B | 22.81% |
| 2008-09-30 | $926.20M | -14.35% |
| 2008-06-30 | $1.08B | - |
Northern Trust generated $4.70B in revenue during Q2 2024, up 31.84% compared to the previous quarter, and up 271.69% compared to the same period a year ago.
Northern Trust Revenue Breakdown
Northern Trust Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Other Trust, Investment, And Other Servicing Fees | $240.30M | $235.90M | $226.70M | $203.10M | $197.40M |
| Investment Management and Advisory | $2.23B | $2.30B | $2.14B | $2.03B | $1.93B |
| Custody and Fund Administration | $1.81B | $1.82B | $1.92B | $1.67B | $1.64B |
| Securities Lending | $83.90M | $81.60M | $76.90M | $88.30M | $87.70M |
Northern Trust's latest annual revenue breakdown by segment (product or service), as of Dec 23: Investment Management and Advisory (51.18%), Custody and Fund Administration (41.39%), Other Trust, Investment, And Other Servicing Fees (5.51%), and Securities Lending (1.92%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wealth Management | $780.50M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investment Management and Advisory | $593.90M | $558.90M | $574.10M | $558.80M | $540.50M | $533.30M | $565.30M | $597.30M | $603.20M | $553.20M | $549.20M | $521.20M | $516.40M | $514.10M | $519.30M | $485.40M | $510.50M | $501.90M | $491.40M | $478.10M |
| Other Trust, Investment, And Other Servicing Fees | $63.00M | $61.90M | $58.10M | $57.90M | $62.40M | $56.80M | $56.70M | $60.10M | $62.30M | $56.20M | $55.70M | $55.50M | $59.30M | $51.80M | $48.30M | $51.00M | $52.00M | $50.80M | $49.20M | $48.00M |
| Securities Lending | $18.60M | $22.60M | $20.70M | $21.50M | $19.10M | $19.40M | $21.70M | $21.60M | $18.90M | $18.90M | $20.20M | $19.50M | $18.30M | $17.60M | $19.80M | $27.40M | $23.50M | $22.80M | $20.10M | $22.00M |
| Asset Servicing Segment | $1.06B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Custody and Fund Administration | $467.40M | $446.60M | $459.00M | $458.10M | $441.60M | $432.60M | $435.00M | $464.40M | $484.00M | $482.70M | $485.90M | $479.20M | $469.70M | $442.60M | $416.40M | $397.70M | $417.60M | $416.70M | $414.80M | $407.40M |
Northern Trust's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Asset Servicing Segment (35.62%), Wealth Management (26.13%), Investment Management and Advisory (19.88%), Custody and Fund Administration (15.65%), Other Trust, Investment, And Other Servicing Fees (2.11%), and Securities Lending (0.62%).
Northern Trust Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 |
|---|---|---|
| Non-US | $2.16B | $2.27B |
| UNITED STATES | $4.62B | $4.49B |
Northern Trust's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (68.17%), and Non-US (31.83%).
Northern Trust Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| BK | Bank of New York Mellon | $33.73B | $4.60B |
| AMP | Ameriprise Financial | $15.54B | $4.39B |
| NTRS | Northern Trust | $12.12B | $4.70B |
| STT | State Street | $11.95B | $5.45B |
| BEN | Franklin Resources | $7.85B | $2.12B |
| BBUC | Brookfield Business | $7.82B | $1.86B |
| TROW | T. Rowe Price Group | $6.46B | $1.73B |
| IVZ | Invesco | $5.72B | $1.48B |
| SEIC | SEI Investments Company | $1.92B | $519.65M |
NTRS Revenue FAQ
What is Northern Trust’s yearly revenue?
Northern Trust's yearly revenue for 2023 was $12.12B, representing an increase of 79.52% compared to 2022. The company's yearly revenue for 2022 was $6.75B, representing an increase of 3.10% compared to 2021. NTRS's yearly revenue for 2021 was $6.55B, representing an increase of 9.54% compared to 2020.
What is Northern Trust’s quarterly revenue?
Northern Trust's quarterly revenue for Q2 2024 was $4.7B, a 31.84% increase from the previous quarter (Q1 2024), and a 165.10% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $3.56B, a 9.27% increase from the previous quarter (Q4 2023), and a 106.08% increase year-over-year (Q1 2023). NTRS's quarterly revenue for Q4 2023 was $3.26B, a 90.47% increase from the previous quarter (Q3 2023), and a 115.44% increase year-over-year (Q4 2022).
What is Northern Trust’s revenue growth rate?
Northern Trust's revenue growth rate for the last 3 years (2021-2023) was 85.10%, and for the last 5 years (2019-2023) was 99.04%.
What are Northern Trust’s revenue streams?
Northern Trust's revenue streams in c 23 are Other Trust, Investment, And Other Servicing Fees, Investment Management and Advisory, Custody and Fund Administration, and Securities Lending. Other Trust, Investment, And Other Servicing Fees generated $240.3M in revenue, accounting 5.51% of the company's total revenue, up 1.87% year-over-year. Investment Management and Advisory generated $2.23B in revenue, accounting 51.18% of the company's total revenue, down -2.91% year-over-year. Custody and Fund Administration generated $1.81B in revenue, accounting 41.39% of the company's total revenue, down -0.59% year-over-year. Securities Lending generated $83.9M in revenue, accounting 1.92% of the company's total revenue, up 2.82% year-over-year.
What is Northern Trust’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Northern Trust was Investment Management and Advisory. This segment made a revenue of $2.23B, representing 51.18% of the company's total revenue.