Northern Trust (NTRS) Invested Capital (2009 - 2026)
Northern Trust's Invested Capital was $25.36 billion in Q2 2026, up 14.1% from $22.23 billion a year earlier and up 4.9% from the prior quarter.
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Analysis
Northern Trust (NTRS) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Invested Capital at Northern Trust came in at $25.55 billion, up 5.8% from FY2024.
- Invested Capital shows a five-year compound annual growth rate of 5.0% (FY2020 to FY2025).
- In earlier years, Invested Capital was $24.16 billion in FY2024 (+3.7%), $23.3 billion in FY2023 (-1.4%), $23.64 billion in FY2022 (+22.8%) and $19.25 billion in FY2021 (-3.8%).
- Quarterly Invested Capital has moved between $18.42 billion (Q1 2022) and $28.81 billion (Q2 2023) over five years.
- Compared with a year earlier, Invested Capital has increased for three straight quarters, with an average decline of 0.9% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was Q2 2023 (growth of 51.7%); the worst was Q3 2025 (a decline of 15.7%).
- Per Business Quant data, NTRS's Invested Capital in the three quarters before Q2 2026 was $24.17 billion (Q1 2026), $25.55 billion (Q4 2025) and $22.38 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn | 29.99 Bn |
| 2 | Bank of New York Mellon | 103.23 Bn | 37.32 Bn | - | 85.20 Bn |
| 3 | Intercontinental Exchange | 99.60 Bn | 93.42 Bn | 1.22 Bn | 53.25 Bn |
| 4 | Robinhood Markets | 70.15 Bn | 49.76 Bn | - | 12.74 Bn |
| 5 | Nasdaq | 60.57 Bn | 58.01 Bn | 1.48 Bn | 20.74 Bn |
| 6 | State Street | 47.32 Bn | 43.94 Bn | - | 54.75 Bn |
| 7 | Cboe Global Markets | 39.19 Bn | 29.68 Bn | 712.20 Mn | 7.37 Bn |
| 8 | Interactive Brokers | 37.06 Bn | 20.72 Bn | - | 24.66 Bn |
| 9 | Northern Trust | 32.28 Bn | 32.28 Bn | - | 27.36 Bn |
| 10 | Tradeweb Markets | 30.81 Bn | 23.33 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.36 Bn |
| Jun 30, 2026 | 27.43 Bn |
| Mar 31, 2026 | 27.05 Bn |
| Dec 31, 2025 | 25.55 Bn |
| Sep 30, 2025 | 26.48 Bn |
| Jun 30, 2025 | 26.32 Bn |
| Mar 31, 2025 | 26.31 Bn |
| Dec 31, 2024 | 24.16 Bn |
| Sep 30, 2024 | 26.55 Bn |
| Jun 30, 2024 | 26.30 Bn |
| Mar 31, 2024 | 25.44 Bn |
| Dec 31, 2023 | 23.30 Bn |
| Sep 30, 2023 | 25.47 Bn |
| Jun 30, 2023 | 28.81 Bn |
| Mar 31, 2023 | 27.79 Bn |
| Dec 31, 2022 | 23.64 Bn |
| Sep 30, 2022 | 21.96 Bn |
| Jun 30, 2022 | 18.98 Bn |
| Mar 31, 2022 | 18.42 Bn |
| Dec 31, 2021 | 19.25 Bn |
API Access
Northern Trust Invested Capital 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=invested-capital&ticker=NTRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=NTRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();