Northern Trust (NTRS) revenue breakdown

Financial Services · Asset Management · Market cap $31.5B

By segment, ASSET SERVICING is the largest at 59% of fiscal 2025 revenue, growing 12% a year over 8 years.

By product, Investment Management and Advisory is the largest at 53% of fiscal 2025 revenue, growing 5% a year over 7 years.

Revenue by segment

Fiscal years, as Northern Trust reports them in its 10-K filings; fiscal 2025 total $8.1B.

Segments201720182019202020212022202320242025Share
ASSET SERVICING$2.0B$2.2B$2.2B$2.3B$2.5B$4.1B$4.1B$4.4B$4.8B 59%
WEALTH MANAGEMENT$1.4B$1.6B$1.6B$1.7B$1.9B$2.9B$2.9B$3.2B$3.4B 41%

Revenue by product

Fiscal years, as Northern Trust reports them in its 10-K filings; fiscal 2025 total $5.0B.

Products20182019202020212022202320242025Share
Investment Management and Advisory$1.9B$1.9B$2.0B$2.1B$2.3B$2.2B$2.5B$2.7B 53%
Custody and Fund Administration$1.6B$1.6B$1.7B$1.9B$1.8B$1.8B$1.9B$2.0B 40%
Other$199M$197M$203M$227M$236M$240M$247M$248M 5%
Securities Lending$103M$88M$88M$77M$82M$84M$74M$83M 2%

Revenue by region

Fiscal years, as Northern Trust reports them in its 10-K filings; fiscal 2025 total $8.1B.

Regions201720182019202020212022202320242025Share
U.S.$3.7B$3.9B$4.2B$4.4B$4.4B$4.5B$4.7B$6.2B$5.7B 70%
Non-U.S.$1.7B$2.0B$1.9B$1.7B$2.0B$2.3B$2.1B$2.1B$2.4B 30%
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for NTRS.
Open NTRS in Investingly

Questions

Where does Northern Trust make its money?

In fiscal 2025, by segment: ASSET SERVICING $4.8B, WEALTH MANAGEMENT $3.4B.

From Northern Trust's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.