Northern Trust (NTRS) EBITDA Margin (2009 - 2026)
Northern Trust (NTRS) reported EBITDA Margin of 205.77% for Q2 2026, up 13.85 percentage points from 191.93% a year earlier and up 21.06 percentage points from the prior quarter.
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Analysis
Northern Trust (NTRS) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Northern Trust's EBITDA Margin came in at 188.82%, down 14.59 percentage points year-over-year; for FY2025, it was 185.98%, down 45.87 percentage points from FY2024.
- EBITDA Margin has a five-year change of +127.70 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at 231.85% in FY2024 (+61.23 pp), 170.63% in FY2023 (+95.94 pp), 74.68% in FY2022 (+16.22 pp) and 58.46% in FY2021 (+0.18 pp).
- The Q2 2026 figure ranks as the highest quarterly EBITDA Margin since Q3 2024.
- Year over year, EBITDA Margin gained in four of the last eight quarters, with an average year-over-year change of +6.40 percentage points.
- The high point for year-over-year EBITDA Margin in five years was Q2 2023 (a gain of 101.03 percentage points); the low point was Q2 2024 (a drop of 42.86 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 184.71% (Q1 2026), 177.12% (Q4 2025) and 187.18% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn | 70.50% |
| 2 | Bank of New York Mellon | 103.23 Bn | 37.32 Bn | - | 120.58% |
| 3 | Intercontinental Exchange | 99.60 Bn | 93.42 Bn | 1.22 Bn | 49.83% |
| 4 | Robinhood Markets | 70.15 Bn | 49.76 Bn | - | 60.39% |
| 5 | Nasdaq | 60.57 Bn | 58.01 Bn | 1.48 Bn | 37.48% |
| 6 | State Street | 47.32 Bn | 43.94 Bn | - | 91.71% |
| 7 | Cboe Global Markets | 39.19 Bn | 29.68 Bn | 712.20 Mn | 41.36% |
| 8 | Interactive Brokers | 37.06 Bn | 20.72 Bn | - | 145.98% |
| 9 | Northern Trust | 32.28 Bn | 32.28 Bn | - | 174.63% |
| 10 | Tradeweb Markets | 30.81 Bn | 23.33 Bn | - | 54.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 174.63% |
| Jun 30, 2026 | 205.77% |
| Mar 31, 2026 | 184.71% |
| Dec 31, 2025 | 177.12% |
| Sep 30, 2025 | 187.18% |
| Jun 30, 2025 | 191.93% |
| Mar 31, 2025 | 188.24% |
| Dec 31, 2024 | 204.00% |
| Sep 30, 2024 | 229.99% |
| Jun 30, 2024 | 122.91% |
| Mar 31, 2024 | 208.10% |
| Dec 31, 2023 | 186.36% |
| Sep 30, 2023 | 186.22% |
| Jun 30, 2023 | 165.78% |
| Mar 31, 2023 | 143.20% |
| Dec 31, 2022 | 93.48% |
| Sep 30, 2022 | 88.23% |
| Jun 30, 2022 | 64.75% |
| Mar 31, 2022 | 55.14% |
| Dec 31, 2021 | 57.97% |
API Access
Northern Trust EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NTRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "NTRS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NTRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();