Northern Trust (NTRS) EBITDA (2009 - 2026)
Northern Trust's (NTRS) quarterly EBITDA came in at $2.3 billion in Q1 2026, up 8.9% year-on-year from $2.1 billion in Q1 2025, and up 7.64% quarter-over-quarter from $2.1 billion in Q4 2025.
Northern Trust (NTRS) EBITDA (2009 - 2026) Analysis & Trends
Northern Trust has disclosed EBITDA across 18 years of filings, most recently posting $2.3 billion for Q1 2026.
- EBITDA for Q1 2026 came in at $2.3 billion, up 8.9% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.7 billion (down 13.73% YoY), and the FY2025 annual result was $8.6 billion, down 16.51% from the prior year.
- EBITDA came in at $2.3 billion for Q1 2026 at Northern Trust, up from $2.1 billion in the prior quarter.
- In the past five years, EBITDA ranged from a high of $3.2 billion in Q2 2024 to a low of $513.3 million in Q1 2022.
- The 5-year median for EBITDA is $2.1 billion (2025), against an average of $1.8 billion.
- Across the five-year window, EBITDA jumped 174.3% in 2023 and plunged 31.36% in 2025, its largest moves.
- Northern Trust's EBITDA stood at $826.0 million in 2022, then surged by 125.46% to $1.9 billion in 2023, then advanced by 24.06% to $2.3 billion in 2024, then fell by 8.29% to $2.1 billion in 2025, then increased by 7.64% to $2.3 billion in 2026.
- The last three EBITDA figures came in at $2.3 billion (Q1 2026), $2.1 billion (Q4 2025), and $2.2 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 2.81 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 1.59 Bn |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 1.99 Bn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 79.00 Mn |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 2.79 Bn |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 901.00 Mn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 2.28 Bn |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 524.00 Mn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 363.68 Mn |
| 10 | Principal Financial | 23.79 Bn | 20.28 Bn | -463.00 Mn | 1.20 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.28 Bn |
| Dec 31, 2025 | 2.12 Bn |
| Sep 30, 2025 | 2.17 Bn |
| Jun 30, 2025 | 2.17 Bn |
| Mar 31, 2025 | 2.09 Bn |
| Dec 31, 2024 | 2.31 Bn |
| Sep 30, 2024 | 2.57 Bn |
| Jun 30, 2024 | 3.16 Bn |
| Mar 31, 2024 | 2.21 Bn |
| Dec 31, 2023 | 1.86 Bn |
| Sep 30, 2023 | 1.91 Bn |
| Jun 30, 2023 | 1.66 Bn |
| Mar 31, 2023 | 1.37 Bn |
| Dec 31, 2022 | 826.00 Mn |
| Sep 30, 2022 | 810.80 Mn |
| Jun 30, 2022 | 606.70 Mn |
| Mar 31, 2022 | 513.30 Mn |
| Dec 31, 2021 | 511.20 Mn |
| Sep 30, 2021 | 523.00 Mn |
| Jun 30, 2021 | 494.00 Mn |