Northern Trust (NTRS) EV to EBIT (2009 - 2026)
Northern Trust's EV to EBIT came in at 3.48 for Q2 2026, up 31.1% from 2.65 a year earlier and up 17.6% from the prior quarter.
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Analysis
Northern Trust (NTRS) EV to EBIT (2009 - 2026) Analysis & Trends
For FY2025, Northern Trust's EV to EBIT was 2.98, up 51.8% from FY2024.
- Going back by year, EV to EBIT was 1.96 in FY2024 (-22.9%), 2.54 in FY2023 (-61.8%), 6.66 in FY2022 (-45.5%) and 12.22 in FY2021 (+15.1%).
- The Q2 2026 figure represents the highest quarterly EV to EBIT since Q1 2023.
- Year-over-year, EV to EBIT has increased for five consecutive quarters, with growth averaging 21.5% over the last eight quarters.
- The fastest year-over-year change in EV to EBIT over five years came in Q3 2025 (growth of 59.8%), and the weakest in Q3 2023 (a decline of 65.9%).
- Business Quant data shows NTRS's EV to EBIT at 2.96 (Q1 2026), 2.98 (Q4 2025) and 2.91 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robinhood Markets | 104.70 Bn | 85.79 Bn | - |
| 2 | Bank of New York Mellon | 100.72 Bn | 40.09 Bn | - |
| 3 | Cme | 94.58 Bn | 94.58 Bn | - |
| 4 | Intercontinental Exchange | 85.83 Bn | 79.63 Bn | - |
| 5 | Nasdaq | 52.05 Bn | 49.49 Bn | 1.50 Bn |
| 6 | State Street | 49.39 Bn | 49.39 Bn | - |
| 7 | Interactive Brokers | 39.24 Bn | 32.69 Bn | - |
| 8 | Northern Trust | 31.94 Bn | 31.94 Bn | - |
| 9 | Cboe Global Markets | 26.47 Bn | 18.13 Bn | 731.60 Mn |
| 10 | LPL Financial Holdings | 24.62 Bn | 19.94 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.48 |
| Mar 31, 2026 | 2.96 |
| Dec 31, 2025 | 2.98 |
| Sep 30, 2025 | 2.91 |
| Jun 30, 2025 | 2.65 |
| Mar 31, 2025 | 1.89 |
| Dec 31, 2024 | 1.96 |
| Sep 30, 2024 | 1.82 |
| Jun 30, 2024 | 1.85 |
| Mar 31, 2024 | 2.38 |
| Dec 31, 2023 | 2.54 |
| Sep 30, 2023 | 2.49 |
| Jun 30, 2023 | 3.29 |
| Mar 31, 2023 | 5.08 |
| Dec 31, 2022 | 6.66 |
| Sep 30, 2022 | 7.30 |
| Jun 30, 2022 | 9.33 |
| Mar 31, 2022 | 11.89 |
| Dec 31, 2021 | 12.22 |
| Sep 30, 2021 | 11.81 |
API Access
Northern Trust EV to EBIT 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=ev-to-ebit&ticker=NTRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "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=ev-to-ebit&ticker=NTRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();