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| Date | Value |
|---|---|
| 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 |