How does Northern Trust (NTRS) make money?

Northern Trust (NTRS) primarily makes money through Corporate and Institutional Service, which accounts for 58% of total revenue. For TTM through Q1 2026, Northern Trust generated $14.57B in total revenue with a net profit margin of 12.8%.

What is Northern Trust (NTRS) gross profit margin?

Northern Trust (NTRS) reported a gross profit margin of 57.3% for TTM through Q1 2026, equivalent to $8.36B in gross profit. This means Northern Trust retains 57.3% of each revenue unit after direct costs of production.

What is Northern Trust (NTRS) operating profit margin?

Northern Trust (NTRS) reported an operating profit margin of 17.2% for TTM through Q1 2026, equivalent to $2.51B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Northern Trust (NTRS) net profit margin?

Northern Trust (NTRS) reported a net profit margin of 12.8% for TTM through Q1 2026, equivalent to $1.87B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Northern Trust (NTRS) spend on capital expenditures?

Northern Trust (NTRS) spent $799.20M on capital expenditures in TTM through Q1 2026 (5.5% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Northern Trust (NTRS) free cash flow?

Northern Trust (NTRS) generated $4.73B in free cash flow for TTM through Q1 2026 (32.5% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Northern Trust (NTRS) effective tax rate?

Northern Trust (NTRS) had an effective tax rate of 25.7% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Northern Trust (NTRS) Makes Money: A Visual Guide

Northern Trust (NTRS) generated $14.57B in revenue, earning $1.87B in net profit (12.8% margin). Its largest revenue source is Corporate and Institutional Service (58% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Northern Trust (NTRS) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 21, 2026).

Frequently asked questions

How does Northern Trust (NTRS) make money?: Northern Trust (NTRS) primarily makes money through Corporate and Institutional Service, which accounts for 58% of total revenue. For TTM through Q1 2026, Northern Trust generated $14.57B in total revenue with a net profit margin of 12.8%.
What is Northern Trust (NTRS) gross profit margin?: Northern Trust (NTRS) reported a gross profit margin of 57.3% for TTM through Q1 2026, equivalent to $8.36B in gross profit. This means Northern Trust retains 57.3% of each revenue unit after direct costs of production.
What is Northern Trust (NTRS) operating profit margin?: Northern Trust (NTRS) reported an operating profit margin of 17.2% for TTM through Q1 2026, equivalent to $2.51B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Northern Trust (NTRS) net profit margin?: Northern Trust (NTRS) reported a net profit margin of 12.8% for TTM through Q1 2026, equivalent to $1.87B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Northern Trust (NTRS) spend on capital expenditures?: Northern Trust (NTRS) spent $799.20M on capital expenditures in TTM through Q1 2026 (5.5% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Northern Trust (NTRS) free cash flow?: Northern Trust (NTRS) generated $4.73B in free cash flow for TTM through Q1 2026 (32.5% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Northern Trust (NTRS) effective tax rate?: Northern Trust (NTRS) had an effective tax rate of 25.7% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.