Northern Trust (NTRS) Free Cash Flow (2014 - 2026)

Northern Trust's (NTRS) quarterly Free Cash Flow came in at -$329.4 million in Q1 2026, down 112.03% year-on-year from $2.7 billion in Q1 2025, and down 21.73% quarter-over-quarter from -$270.6 million in Q4 2025.

Northern Trust (NTRS) Free Cash Flow (2014 - 2026) Analysis & Trends

Northern Trust has disclosed Free Cash Flow across 13 years of filings, most recently posting -$329.4 million for Q1 2026.

  • Free Cash Flow for Q1 2026 came in at -$329.4 million, down 112.03% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.8 billion (down 42.54% YoY), and the FY2025 annual result was $4.8 billion, up 527.73% from the prior year.
  • Free Cash Flow came in at -$329.4 million for Q1 2026 at Northern Trust, down from -$270.6 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $4.1 billion in Q4 2022 to a low of -$2.8 billion in Q4 2024.
  • The 5-year median for Free Cash Flow is $188.0 million (2024), against an average of $453.2 million.
  • Peak annual rise in Free Cash Flow reached 1284.48% in 2024, while the deepest fall reached 419.26% in 2024.
  • Northern Trust's Free Cash Flow stood at $4.1 billion in 2022, then tumbled by 43.9% to $2.3 billion in 2023, then tumbled by 222.82% to -$2.8 billion in 2024, then soared by 90.41% to -$270.6 million in 2025, then declined by 21.73% to -$329.4 million in 2026.
  • The last three Free Cash Flow figures came in at -$329.4 million (Q1 2026), -$270.6 million (Q4 2025), and $509.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -1.09 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 957.64 Mn
3 Kkr 86.45 Bn 133.96 Bn - 1.72 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 1.62 Bn
5 State Street 46.95 Bn 21.27 Bn - -12.41 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 430.00 Mn
7 Northern Trust 31.92 Bn 31.92 Bn - -329.40 Mn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 1.05 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 390.87 Mn
10 Principal Financial 23.79 Bn 20.28 Bn -463.00 Mn 153.30 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -329.40 Mn
Mar 31, 2026 -329.40 Mn
Dec 31, 2025 -270.60 Mn
Dec 31, 2025 -270.60 Mn
Sep 30, 2025 509.40 Mn
Sep 30, 2025 509.40 Mn
Jun 30, 2025 1.86 Bn
Jun 30, 2025 1.86 Bn
Mar 31, 2025 2.74 Bn
Mar 31, 2025 2.74 Bn
Dec 31, 2024 -2.82 Bn
Dec 31, 2024 -2.82 Bn
Sep 30, 2024 188.00 Mn
Sep 30, 2024 188.00 Mn
Jun 30, 2024 2.97 Bn
Jun 30, 2024 2.97 Bn
Mar 31, 2024 -1.47 Bn
Mar 31, 2024 -1.47 Bn
Dec 31, 2023 2.30 Bn
Dec 31, 2023 2.30 Bn