Buyback yield (TTM)
5.20%
Shareholder yield (TTM)
7.49%
5Y share count change
-9.8%
Buyback spend (TTM)
$1.35B
Cumulative buybacks
$8.39B
Key takeaways
- Northern Trust (NTRS) repurchased about $1.35B of stock over the trailing twelve months.
- Diluted share count is down 9.8% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- Cash buyback spend has compounded at +33.5% per year over the latest 5-year window.
- TTM repurchases used about 130% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Northern Trust (NTRS)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Northern Trust (NTRS)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Northern Trust (NTRS)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Northern Trust (NTRS)
Latest: $1.27B
Overview
As of the 2025 fiscal year, Northern Trust (NTRS) reported buyback spend of $1.27B – surged 35.8% year-over-year.
Northern Trust buyback spend has grown for 3 consecutive years, with a +33.5% compound annual growth rate over 2020–2025 (5 years).
The highest annual buyback spend of $1.27B was reported in 2025. The lowest in the available history was $0.00 in 1989.
Northern Trust Buyback Spend 2025: $1.27B
2025's buyback spend for Northern Trust came in at $1.27B, surged 35.8% from 2024. This figure represents the highest annual value in the available history.
Northern Trust Buyback Spend 2024: $937.80M
Northern Trust posted buyback spend of $937.80M in 2024, surged 169.9% from 2023.
Northern Trust Buyback Spend 2023: $347.50M
In 2023, Northern Trust reported buyback spend of $347.50M, surged 881.6% from 2022.
Northern Trust Buyback Spend 2022: $35.40M
Northern Trust buyback spend in 2022 was $35.40M, plunged 86.8% below 2021.
Northern Trust Buyback Spend 2021: $267.60M
Northern Trust buyback spend in 2021 was $267.60M.
See more financial history for Northern Trust (NTRS).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.27B | $0.00 | $1.27B | 4.97% | 0.19B | -6.6% | |
| 2024 | $937.80M | $0.00 | $937.80M | 4.64% | 0.20B | -2.7% | |
| 2023 | $347.50M | $0.00 | $347.50M | 2.00% | 0.21B | -0.6% | |
| 2022 | $35.40M | $0.00 | $35.40M | 0.19% | 0.21B | -0.0% | |
| 2021 | $267.60M | $0.00 | $267.60M | 1.08% | 0.21B | -0.1% | |
| 2020 | $299.80M | $0.00 | $299.80M | 1.55% | 0.21B | -3.1% | |
| 2019 | $1.10B | $0.00 | $1.10B | 4.92% | 0.22B | -4.0% | |
| 2018 | $924.30M | $0.00 | $924.30M | 5.02% | 0.22B | -2.2% | |
| 2017 | $523.10M | $0.00 | $523.10M | 2.31% | 0.23B | +0.2% | |
| 2016 | $411.10M | $0.00 | $411.10M | 2.03% | 0.23B | -2.2% | |
| 2015 | $496.90M | $0.00 | $496.90M | 2.99% | 0.23B | -1.5% | |
| 2014 | $480.70M | $0.00 | $480.70M | 3.04% | 0.24B | -1.2% | |
| 2013 | $309.70M | $0.00 | $309.70M | 2.10% | 0.24B | -0.1% | |
| 2012 | $162.40M | $0.00 | $162.40M | 1.35% | 0.24B | -0.4% | |
| 2011 | $79.00M | $0.00 | $79.00M | 0.83% | 0.24B | -0.3% | |
| 2010 | $5.90M | $0.00 | $5.90M | 0.04% | 0.24B | +2.6% | |
| 2009 | $10.70M | $0.00 | $10.70M | 0.08% | 0.24B | +5.5% | |
| 2008 | $68.30M | $0.00 | $68.30M | 0.59% | 0.22B | +0.4% | |
| 2007 | $213.00M | $0.00 | $213.00M | 1.26% | 0.22B | +0.6% | |
| 2006 | $127.40M | $0.00 | $127.40M | 0.96% | 0.22B | +0.1% | |
| 2005 | $165.30M | $0.00 | $165.30M | 1.47% | 0.22B | +0.9% | |
| 2004 | $147.60M | $0.00 | $147.60M | 1.39% | 0.22B | -2.0% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.22B | -0.8% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.23B | -1.4% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 0.23B | -0.7% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.23B | +0.3% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.23B | +0.1% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.23B | +0.1% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.23B | +0.3% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 0.23B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$1.27B
- 2024$937.80M
- 2023$347.50M
- 2022$35.40M
- 2021$267.60M
- 2020$299.80M
- 2019$1.10B
- 2018$924.30M
- 2017$523.10M
- 2016$411.10M
- 2015$496.90M
- 2014$480.70M
- 2013$309.70M
- 2012$162.40M
- 2011$79.00M
- 2010$5.90M
- 2009$10.70M
- 2008$68.30M
- 2007$213.00M
- 2006$127.40M
- 2005$165.30M
- 2004$147.60M
- 2003$0.00
- 2002$0.00
- 2001$0.00
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$0.00
- 1989$0.00
Buybacks vs stock-based compensation for Northern Trust (NTRS)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: N/A.
Buybacks vs dividends (share of cash returned) for Northern Trust (NTRS)
How Northern Trust splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Northern Trust, ranked by their latest buyback spend.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $13.39B | |
| $12.36B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $13.39B
- $12.36B
- $11.73B
- $5.83B
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.03B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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