Ticker League

Northern Trust (NTRS) Cash Flow Waterfall

Trace Northern Trust's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$2.46B

Capex

−$625.10M

Free Cash Flow

$1.84B

FCF Margin

+74.6%

Cash flow waterfall for Northern Trust (NTRS) — TTM through Q1 2026

Free cash flow: $1.84B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Northern Trust (NTRS) — TTM through Q1 2026

  • Operating Cash Flow$2.46B
  • Capital Expenditure−$625.10M
  • Free Cash Flow$1.84B
  • Other Investing−$5.77B
  • Share Buybacks−$1.35B
  • Dividends Paid−$635.80M
  • Net Debt Change$702.50M
  • Other Financing$6.51B
  • Forex Effect$153.30M
  • Net Cash Increase$1.45B
Want to see what drove the FCF change?Free Cash Flow Bridge

Frequently asked questions

Data & methodology