Northern Trust (NTRS) FCF Margin (2014 - 2026)
Northern Trust's FCF Margin was -6.69% in Q2 2026, down 157.54 percentage points from 150.85% a year earlier but up 17.87 percentage points from the prior quarter.
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Analysis
Northern Trust (NTRS) FCF Margin (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Northern Trust's FCF Margin was 8.46% through Jun 30, 2026, down 43.03 percentage points year-over-year; for FY2025, it was 108.80%, up 121.23 percentage points from FY2024.
- FCF Margin shows a five-year change of +64.72 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was -12.43% in FY2024 (-69.95 pp), 57.52% in FY2023 (+6.45 pp), 51.07% in FY2022 (+22.17 pp) and 28.90% in FY2021 (-15.18 pp).
- Quarterly FCF Margin has moved between -218.91% (Q4 2024) and 392.87% (Q4 2022) over five years.
- Compared with a year earlier, FCF Margin was higher in three of the last eight quarters, with an average year-over-year change of -43.42 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q1 2025 (a gain of 353.87 percentage points); the worst was Q4 2024 (a drop of 470.23 percentage points).
- Per Business Quant data, NTRS's FCF Margin in the three quarters before Q2 2026 was -24.56% (Q1 2026), 27.20% (Q4 2025) and 40.25% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | 54.13% |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | 34.85% |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | 54.13% |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | 51.34% |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 25.04% |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | -74.14% |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | 326.90% |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | -6.69% |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | -37.17% |
| 10 | LPL Financial Holdings | 24.92 Bn | 20.24 Bn | - | 3.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.69% |
| Mar 31, 2026 | -24.56% |
| Dec 31, 2025 | 27.20% |
| Sep 30, 2025 | 40.25% |
| Jun 30, 2025 | 150.85% |
| Mar 31, 2025 | 225.52% |
| Dec 31, 2024 | -218.91% |
| Sep 30, 2024 | 48.92% |
| Jun 30, 2024 | 254.65% |
| Mar 31, 2024 | -128.35% |
| Dec 31, 2023 | 251.32% |
| Sep 30, 2023 | 5.90% |
| Jun 30, 2023 | -10.90% |
| Mar 31, 2023 | -16.59% |
| Dec 31, 2022 | 392.87% |
| Sep 30, 2022 | -85.21% |
| Jun 30, 2022 | -142.75% |
| Mar 31, 2022 | 61.72% |
| Dec 31, 2021 | 181.04% |
| Sep 30, 2021 | 41.04% |
API Access
Northern Trust FCF 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=fcf-margin&ticker=NTRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=NTRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();