TTM
—
YoY change
−0.45pp
Trough year (1989)
10.2%
Peak year (2021)
31.0%
Latest annual
16.3%
Operating Margin history chart for Northern Trust (NTRS) from 1989 to 2025
Latest: 16.3%
Operating Margin change chart for Northern Trust (NTRS) from 1989 to 2025
Latest: −0.45pp
Operating Margin history table for Northern Trust (NTRS) from 1989 to 2025
| 2025 | 16.3% | -0.45pp | ||
| 2024 | 16.8% | +4.66pp | ||
| 2023 | 12.1% | -10.70pp | ||
| 2022 | 22.8% | -8.19pp | ||
| 2021 | 31.0% | +5.15pp | ||
| 2020 | 25.8% | -2.36pp | ||
| 2019 | 28.2% | -1.21pp | ||
| 2018 | 29.4% | +0.81pp | ||
| 2017 | 28.6% | -1.63pp | ||
| 2016 | 30.2% | -0.58pp | ||
| 2015 | 30.8% | +4.42pp | ||
| 2014 | 26.4% | +1.24pp | ||
| 2013 | 25.1% | +1.47pp | ||
| 2012 | 23.7% | +2.46pp | ||
| 2011 | 21.2% | -3.39pp | ||
| 2010 | 24.6% | -4.59pp | ||
| 2009 | 29.2% | +6.04pp | ||
| 2008 | 23.1% | +3.65pp | ||
| 2007 | 19.5% | -3.27pp | ||
| 2006 | 22.8% | -2.29pp | ||
| 2005 | 25.0% | -1.65pp | ||
| 2004 | 26.7% | +2.40pp | ||
| 2003 | 24.3% | +0.19pp | ||
| 2002 | 24.1% | +1.89pp | ||
| 2001 | 22.2% | +1.82pp | ||
| 2000 | 20.4% | -1.58pp | ||
| 1999 | 22.0% | +0.91pp | ||
| 1998 | 21.1% | +0.26pp | ||
| 1997 | 20.8% | +0.76pp | ||
| 1996 | 20.1% | +2.07pp | ||
| 1995 | 18.0% | +0.30pp | ||
| 1994 | 17.7% | -0.90pp | ||
| 1993 | 18.6% | +1.82pp | ||
| 1992 | 16.8% | +3.79pp | ||
| 1991 | 13.0% | +2.42pp | ||
| 1990 | 10.6% | +0.40pp | ||
| 1989 | 10.2% | — |
- 202516.3%-0.45pp
- 202416.8%+4.66pp
- 202312.1%-10.70pp
- 202222.8%-8.19pp
- 202131.0%+5.15pp
- 202025.8%-2.36pp
- 201928.2%-1.21pp
- 201829.4%+0.81pp
- 201728.6%-1.63pp
- 201630.2%-0.58pp
- 201530.8%+4.42pp
- 201426.4%+1.24pp
- 201325.1%+1.47pp
- 201223.7%+2.46pp
- 201121.2%-3.39pp
- 201024.6%-4.59pp
- 200929.2%+6.04pp
- 200823.1%+3.65pp
- 200719.5%-3.27pp
- 200622.8%-2.29pp
- 200525.0%-1.65pp
- 200426.7%+2.40pp
- 200324.3%+0.19pp
- 200224.1%+1.89pp
- 200122.2%+1.82pp
- 200020.4%-1.58pp
- 199922.0%+0.91pp
- 199821.1%+0.26pp
- 199720.8%+0.76pp
- 199620.1%+2.07pp
- 199518.0%+0.30pp
- 199417.7%-0.90pp
- 199318.6%+1.82pp
- 199216.8%+3.79pp
- 199113.0%+2.42pp
- 199010.6%+0.40pp
- 198910.2%—
Operating Margin values are taken from Northern Trust's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Northern Trust (NTRS)
According to Northern Trust's latest reported financial statements, the company's latest reported operating margin is 16.3%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Northern Trust (NTRS) operating margin is 16.30% – contracted 0.4 percentage points year-over-year.
2021 marks the peak operating margin at 30.98%, with the historical low of 10.16% recorded in 1989.
Northern Trust Operating Margin by Year
Northern Trust Operating Margin 2025: 16.3%
2025's operating margin for Northern Trust came in at 16.30%, contracted 0.4 percentage points from 2024.
Northern Trust Operating Margin 2024: 16.8%
Northern Trust posted operating margin of 16.75% in 2024, expanded 4.7 percentage points from 2023.
Northern Trust Operating Margin 2023: 12.1%
In 2023, Northern Trust reported operating margin of 12.09%, contracted 10.7 percentage points from 2022.
Northern Trust Operating Margin 2022: 22.8%
Northern Trust operating margin in 2022 was 22.79%, contracted 8.2 percentage points from 2021.
Northern Trust Operating Margin 2021: 31.0%
Northern Trust operating margin in 2021 was 30.98%.
See more financial history for Northern Trust (NTRS).
Sector peers by Operating Margin
Financial Services peers of Northern Trust (NTRS), ranked by their latest operating margin
| 61.1% | |
| 59.4% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% |
- 61.1%
- 59.4%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
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Northern Trust (NTRS) Key Financials
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