Operating Income for Northern Trust (NTRS)
According to Northern Trust's latest reported financial statements, the company's current operating income (TTM) is $2.51B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
NTRS
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$2.51B
YoY change
-12.3%
5Y CAGR
+7.5%
Peak year (2024)
$2.66B
Cumulative operating income
$38.13B
Operating Income history chart for Northern Trust (NTRS) from 1985 to 2025
Operating Income history table for Northern Trust (NTRS) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $2.33B | -12.3% | ||
| 2024 | $2.66B | +81.6% | ||
| 2023 | $1.46B | -17.1% | ||
| 2022 | $1.77B | -12.1% | ||
| 2021 | $2.01B | +23.5% | ||
| 2020 | $1.63B | -16.3% | ||
| 2019 | $1.94B | -0.7% | ||
| 2018 | $1.96B | +19.8% | ||
| 2017 | $1.63B | +7.7% | ||
| 2016 | $1.52B | +3.6% | ||
| 2015 | $1.47B | +23.1% | ||
| 2014 | $1.19B | +10.7% | ||
| 2013 | $1.08B | +8.4% | ||
| 2012 | $992.30M | +12.3% | ||
| 2011 | $883.70M | -10.7% | ||
| 2010 | $989.80M | -21.1% | ||
| 2009 | $1.26B | -1.6% | ||
| 2008 | $1.28B | +20.3% | ||
| 2007 | $1.06B | +3.6% | ||
| 2006 | $1.02B | +15.4% | ||
| 2005 | $887.80M | +17.5% | ||
| 2004 | $755.30M | +19.7% | ||
| 2003 | $631.10M | -5.7% | ||
| 2002 | $669.00M | -8.6% | ||
| 2001 | $731.90M | +0.2% | ||
| 2000 | $730.10M | +18.4% | ||
| 1999 | $616.50M | +13.6% | ||
| 1998 | $542.70M | +15.0% | ||
| 1997 | $471.90M | +21.8% | ||
| 1996 | $387.40M | +20.9% | ||
| 1995 | $320.50M | +22.6% | ||
| 1994 | $261.50M | +11.8% | ||
| 1993 | $234.00M | +13.3% | ||
| 1992 | $206.50M | +26.2% | ||
| 1991 | $163.60M | +17.1% | ||
| 1990 | $139.70M | +11.8% | ||
| 1989 | $124.90M | +14.3% | ||
| 1988 | $109.30M | -267.9% | ||
| 1987 | -$65.10M | -224.5% | ||
| 1986 | $52.30M | +53.4% | ||
| 1985 | $34.10M | — |
Operating Income values are taken from Northern Trust's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for Northern Trust (NTRS) came in at $2.33B – declined 12.3% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Northern Trust operating income compounded at +7.5% per year, with the latest reading among the more recent periods of the dataset.
Northern Trust operating income peaked at $2.66B in 2024; the latest annual figure is $2.33B in 2025 (12.3% below peak).
The highest annual operating income of $2.66B was reported in 2024. The lowest in the available history was -$65.10M in 1987.
Among 8 Financial Services peers, Northern Trust (NTRS) ranks 9th; the peer median for operating income is $24.60B.
Northern Trust Operating Income by Year
Northern Trust Operating Income 2025: $2.33B
Northern Trust operating income in 2025 was $2.33B, declined 12.3% below 2024.
Northern Trust Operating Income 2024: $2.66B
Northern Trust operating income in 2024 was $2.66B, surged 81.6% from 2023. This figure represents the highest annual value in the available history.
Northern Trust Operating Income 2023: $1.46B
Northern Trust operating income in 2023 was $1.46B, declined 17.1% below 2022.
Northern Trust Operating Income 2022: $1.77B
Northern Trust operating income in 2022 was $1.77B, declined 12.1% below 2021.
Northern Trust Operating Income 2021: $2.01B
Northern Trust operating income in 2021 was $2.01B.
See more financial history for Northern Trust (NTRS).
Sector peers — Operating Income
Companies in the same sector as Northern Trust, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $72.59B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $59.54B | Financial Services |
| Bank of America Corporation (BAC) | $37.70B | Financial Services |
| Wells Fargo & Company (WFC) | $25.20B | Financial Services |
| Visa Inc. (V) | $23.99B | Financial Services |
| Morgan Stanley (MS) | $21.95B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $21.85B | Financial Services |
| Mastercard Incorporated (MA) | $19.40B | Financial Services |
Frequently asked questions
What is Northern Trust's operating income?
- Latest reported operating income for Northern Trust (NTRS) is $2.51B (period ending March 31, 2026).
How has Northern Trust operating income changed year-over-year?
- Northern Trust (NTRS) operating income changed -12.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Northern Trust operating income?
- Northern Trust (NTRS) operating income compound annual growth rate is +7.5% over the most recent 5 years available.
When did Northern Trust operating income hit its highest annual value?
- Northern Trust operating income reached its highest annual value of $2.66B in 2024.
What was Northern Trust operating income in 2024?
- Northern Trust (NTRS) operating income in 2024 was $2.66B.
What was Northern Trust operating income in 2025?
- Northern Trust (NTRS) operating income in 2025 was $2.33B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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