Northern Trust (NTRS) Enterprise Value (2009 - 2026)
Northern Trust (NTRS) reported Enterprise Value of $31.81 billion for Q2 2026, up 31.2% from $24.25 billion a year earlier and up 23.2% from the prior quarter.
Powered by 
Analysis
Northern Trust (NTRS) Enterprise Value (2009 - 2026) Analysis & Trends
For FY2025, Northern Trust posted Enterprise Value of $25.45 billion, up 26.7% from FY2024.
- Enterprise Value has a five-year compound annual growth rate of 5.6% (FY2020 to FY2025).
- By year, Enterprise Value came in at $20.09 billion in FY2024 (+16.1%), $17.31 billion in FY2023 (-5.7%), $18.35 billion in FY2022 (-26.2%) and $24.85 billion in FY2021 (+28.1%).
- The Q2 2026 figure ranks as the highest quarterly Enterprise Value in data going back to Q1 2009.
- Year over year, Enterprise Value has now increased in each of the last nine quarters, with growth averaging 28.0% over the last eight quarters.
- The high point for year-over-year Enterprise Value in five years was Q2 2025 (growth of 43.2%); the low point was Q4 2022 (a decline of 26.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $25.83 billion (Q1 2026), $25.45 billion (Q4 2025) and $25.46 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn |
| 10 | LPL Financial Holdings | 24.92 Bn | 20.24 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.81 Bn |
| Mar 31, 2026 | 25.83 Bn |
| Dec 31, 2025 | 25.45 Bn |
| Sep 30, 2025 | 25.46 Bn |
| Jun 30, 2025 | 24.25 Bn |
| Mar 31, 2025 | 19.19 Bn |
| Dec 31, 2024 | 20.09 Bn |
| Sep 30, 2024 | 17.85 Bn |
| Jun 30, 2024 | 16.93 Bn |
| Mar 31, 2024 | 18.19 Bn |
| Dec 31, 2023 | 17.31 Bn |
| Sep 30, 2023 | 14.38 Bn |
| Jun 30, 2023 | 15.35 Bn |
| Mar 31, 2023 | 18.36 Bn |
| Dec 31, 2022 | 18.35 Bn |
| Sep 30, 2022 | 17.83 Bn |
| Jun 30, 2022 | 20.10 Bn |
| Mar 31, 2022 | 24.27 Bn |
| Dec 31, 2021 | 24.85 Bn |
| Sep 30, 2021 | 22.39 Bn |
API Access
Northern Trust Enterprise Value 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=enterprise-value&ticker=NTRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=NTRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();