Northern Trust (NTRS) Interest Expense - Debt (2009 - 2026)
Northern Trust (NTRS) reported Interest Expense - Debt of $38.3 million for Q2 2026, down 31.5% from $55.9 million a year earlier and down 16.6% from the prior quarter.
Powered by 
Analysis
Northern Trust (NTRS) Interest Expense - Debt (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Northern Trust's Interest Expense - Debt came in at $193.6 million, down 13.5% year-over-year; for FY2025, it came in at $220.9 million, down 1.2% from FY2024.
- Interest Expense - Debt has a five-year compound annual growth rate of 48.4% (FY2020 to FY2025).
- By year, Interest Expense - Debt came in at $223.5 million in FY2024 (+51.8%), $147.2 million in FY2023 (+234.5%), $44 million in FY2022 (+93.0%) and $22.8 million in FY2021 (-25.7%).
- The Q2 2026 figure ranks as the lowest quarterly Interest Expense - Debt since Q3 2023.
- Year over year, Interest Expense - Debt has now declined in each of the last three quarters, with growth averaging 2.9% over the last eight quarters.
- The high point for year-over-year Interest Expense - Debt in five years was Q1 2023 (growth of 440.7%); the low point was Q2 2026 (a decline of 31.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $45.9 million (Q1 2026), $53 million (Q4 2025) and $56.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense - Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn | - |
| 2 | Bank of New York Mellon | 103.23 Bn | 37.32 Bn | - | 404.00 Mn |
| 3 | Intercontinental Exchange | 99.60 Bn | 93.42 Bn | 1.22 Bn | - |
| 4 | Robinhood Markets | 70.15 Bn | 49.76 Bn | - | - |
| 5 | Nasdaq | 60.57 Bn | 58.01 Bn | 1.48 Bn | - |
| 6 | State Street | 47.32 Bn | 43.94 Bn | - | 297.00 Mn |
| 7 | Cboe Global Markets | 39.19 Bn | 29.68 Bn | 712.20 Mn | - |
| 8 | Interactive Brokers | 37.06 Bn | 20.72 Bn | - | - |
| 9 | Northern Trust | 32.28 Bn | 32.28 Bn | - | 28.50 Mn |
| 10 | Tradeweb Markets | 30.81 Bn | 23.33 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 28.50 Mn |
| Jun 30, 2026 | 38.30 Mn |
| Mar 31, 2026 | 45.90 Mn |
| Dec 31, 2025 | 53.00 Mn |
| Sep 30, 2025 | 56.40 Mn |
| Jun 30, 2025 | 55.90 Mn |
| Mar 31, 2025 | 55.60 Mn |
| Dec 31, 2024 | 56.10 Mn |
| Sep 30, 2024 | 56.10 Mn |
| Jun 30, 2024 | 55.70 Mn |
| Mar 31, 2024 | 55.60 Mn |
| Dec 31, 2023 | 55.80 Mn |
| Sep 30, 2023 | 31.80 Mn |
| Jun 30, 2023 | 30.40 Mn |
| Mar 31, 2023 | 29.20 Mn |
| Dec 31, 2022 | 22.50 Mn |
| Sep 30, 2022 | 9.30 Mn |
| Jun 30, 2022 | 6.80 Mn |
| Mar 31, 2022 | 5.40 Mn |
| Dec 31, 2021 | 5.30 Mn |
API Access
Northern Trust Interest Expense - Debt 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=interest-expense-debt&ticker=NTRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-debt", "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=interest-expense-debt&ticker=NTRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();