Northern Trust (NTRS) Revenue & Revenue Breakdown

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Northern Trust Revenue Highlights

Latest Revenue (Y)

$12.12B

Latest Revenue (Q)

$3.94B

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
2024-09-30	$3.94B	-14.61%
2024-06-30	$4.61B	29.33%
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 $3.94B in revenue during Q3 2024, up -14.61% compared to the previous quarter, and up 222.07% 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
Custody and Fund Administration	$1.81B	$1.82B	$1.92B	$1.67B	$1.64B
Other Trust, Investment, And Other Servicing Fees	$240.30M	$235.90M	$226.70M	$203.10M	$197.40M
Securities Lending	$83.90M	$81.60M	$76.90M	$88.30M	$87.70M
Investment Management and Advisory	$2.23B	$2.30B	$2.14B	$2.03B	$1.93B

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	Sep 24	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
Asset Servicing Segment	$1.12B	$1.06B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth Management	$807.80M	$780.50M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
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
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
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

Northern Trust's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Asset Servicing Segment (57.99%), and Wealth Management (42.01%).

Northern Trust Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22
UNITED STATES	$4.62B	$4.49B
Non-US	$2.16B	$2.27B

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	$10.22B
AMP	Ameriprise Financial	$15.54B	$4.56B
NTRS	Northern Trust	$12.12B	$3.94B
STT	State Street	$11.95B	$5.62B
BEN	Franklin Resources	$8.48B	$2.12B
BBUC	Brookfield Business	$7.82B	$1.86B
TROW	T. Rowe Price Group	$6.46B	$1.79B
IVZ	Invesco	$5.72B	$1.52B
SEIC	SEI Investments Company	$1.92B	$537.40M

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 Q3 2024 was $3.94B, a -14.61% decrease from the previous quarter (Q2 2024), and a 129.86% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $4.61B, a 29.33% increase from the previous quarter (Q1 2024), and a 160.05% increase year-over-year (Q2 2023). NTRS'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).

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 Custody and Fund Administration, Other Trust, Investment, And Other Servicing Fees, Securities Lending, and Investment Management and Advisory. Custody and Fund Administration generated $1.81B in revenue, accounting 41.39% of the company's total revenue, down -0.59% year-over-year. 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. Securities Lending generated $83.9M in revenue, accounting 1.92% of the company's total revenue, up 2.82% 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.

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.