Shares Outstanding for Northern Trust (NTRS)
According to Northern Trust's latest reported financial statements, the company's latest reported diluted shares outstanding is 186.54M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

NTRS
Currently viewingShares OutstandingSwitch metric
Latest period
186.54M
YoY change
-6.6%
5Y CAGR
-2.0%
Peak year (2010)
242.50M
Latest annual
188.58M
Shares Outstanding history chart for Northern Trust (NTRS) from 1985 to 2025
Shares Outstanding history table for Northern Trust (NTRS) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 188.58M | -6.6% | ||
| 2024 | 201.87M | -2.7% | ||
| 2023 | 207.56M | -0.6% | ||
| 2022 | 208.87M | -0.0% | ||
| 2021 | 208.90M | -0.1% | ||
| 2020 | 209.01M | -3.1% | ||
| 2019 | 215.60M | -4.0% | ||
| 2018 | 224.49M | -2.2% | ||
| 2017 | 229.65M | +0.2% | ||
| 2016 | 229.15M | -2.2% | ||
| 2015 | 234.22M | -1.5% | ||
| 2014 | 237.72M | -1.2% | ||
| 2013 | 240.56M | -0.1% | ||
| 2012 | 240.88M | -0.4% | ||
| 2011 | 241.81M | -0.3% | ||
| 2010 | 242.50M | +2.6% | ||
| 2009 | 236.42M | +5.5% | ||
| 2008 | 224.05M | +0.4% | ||
| 2007 | 223.08M | +0.6% | ||
| 2006 | 221.78M | +0.1% | ||
| 2005 | 221.56M | +0.9% | ||
| 2004 | 219.49M | -2.0% | ||
| 2003 | 224.07M | -0.8% | ||
| 2002 | 225.83M | -1.4% | ||
| 2001 | 228.97M | -0.7% | ||
| 2000 | 230.61M | +0.3% | ||
| 1999 | 229.87M | +0.1% | ||
| 1998 | 229.60M | +0.1% | ||
| 1997 | 229.32M | +0.3% | ||
| 1996 | 228.74M | -1.5% | ||
| 1995 | 232.28M | +3.0% | ||
| 1994 | 225.41M | +3.2% | ||
| 1993 | 218.38M | +1.0% | ||
| 1992 | 216.21M | +1.5% | ||
| 1991 | 212.98M | +1.4% | ||
| 1990 | 210.00M | +1.2% | ||
| 1989 | 207.45M | +10.2% | ||
| 1988 | 188.33M | +5.8% | ||
| 1987 | 178.00M | -2.5% | ||
| 1986 | 182.59M | +7.1% | ||
| 1985 | 170.56M | — |
Shares Outstanding 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 diluted shares outstanding for Northern Trust (NTRS) came in at 188.58M – declined 6.6% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Northern Trust diluted shares outstanding compounded at -2.0% per year, with a net decline across the window.
Northern Trust diluted shares outstanding declined from 242.50M in 2010 to 188.58M in 2025, a 22.2% drawdown.
2010 marks the peak diluted shares outstanding at 242.50M, with the historical low of 170.56M recorded in 1985.
Among 8 Financial Services peers, Northern Trust (NTRS) ranks 9th; the peer median for diluted shares outstanding is 2.06B.
Northern Trust Shares Outstanding by Year
Northern Trust Shares Outstanding 2025: 188.58M
Northern Trust diluted shares outstanding in 2025 was 188.58M, declined 6.6% below 2024.
Northern Trust Shares Outstanding 2024: 201.87M
Northern Trust diluted shares outstanding in 2024 was 201.87M, edged down 2.7% below 2023.
Northern Trust Shares Outstanding 2023: 207.56M
Northern Trust diluted shares outstanding in 2023 was 207.56M, edged down 0.6% below 2022.
Northern Trust Shares Outstanding 2022: 208.87M
Northern Trust diluted shares outstanding in 2022 was 208.87M, edged down 0.0% below 2021.
Northern Trust Shares Outstanding 2021: 208.90M
Northern Trust diluted shares outstanding in 2021 was 208.90M.
See more financial history for Northern Trust (NTRS).
Sector peers — Shares Outstanding
Companies in the same sector as Northern Trust, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Bank of America Corporation (BAC) | 7.55B | Financial Services |
| Wells Fargo & Company (WFC) | 3.22B | Financial Services |
| JPMorgan Chase & Co. (JPM) | 2.79B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | 2.16B | Financial Services |
| Visa Inc. (V) | 1.97B | Financial Services |
| Morgan Stanley (MS) | 1.59B | Financial Services |
| Mastercard Incorporated (MA) | 898.00M | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | 317.60M | Financial Services |
Frequently asked questions
What is Northern Trust's diluted shares outstanding?
- Latest reported diluted shares outstanding for Northern Trust (NTRS) is 186.54M (period ending March 31, 2026).
How has Northern Trust diluted shares outstanding changed year-over-year?
- Northern Trust (NTRS) diluted shares outstanding changed -6.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Northern Trust diluted shares outstanding?
- Northern Trust (NTRS) diluted shares outstanding compound annual growth rate is -2.0% over the most recent 5 years available.
When did Northern Trust diluted shares outstanding hit its highest annual value?
- Northern Trust diluted shares outstanding reached its highest annual value of 242.50M in 2010.
What was Northern Trust diluted shares outstanding in 2024?
- Northern Trust (NTRS) diluted shares outstanding in 2024 was 201.87M.
What was Northern Trust diluted shares outstanding in 2025?
- Northern Trust (NTRS) diluted shares outstanding in 2025 was 188.58M.
Metrics overview
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