Northern Trust (NTRS) Net Margin (2009 - 2026)
Northern Trust's (NTRS) quarterly Net Margin came in at 37.97% in Q1 2026, up 701.0% year-on-year from 4.74% in Q1 2025, and up 7.61% quarter-over-quarter from 35.28% in Q4 2025.
Northern Trust (NTRS) Net Margin (2009 - 2026) Analysis & Trends
Northern Trust has disclosed Net Margin across 18 years of filings, most recently posting 37.97% for Q1 2026.
- Net Margin for Q1 2026 came in at 37.97%, up 701.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 35.54% (down 961.0% YoY), and the FY2025 annual result was 33.78%, down 829.0% from the prior year.
- Net Margin came in at 37.97% for Q1 2026 at Northern Trust, up from 35.28% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 76.44% in Q2 2024 to a low of 9.94% in Q4 2023.
- The 5-year median for Net Margin is 33.84% (2025), against an average of 32.62%.
- Across the five-year window, Net Margin jumped 4661 bps in 2024 and plunged 4260 bps in 2025, its largest moves.
- Northern Trust's Net Margin stood at 14.49% in 2022, then tumbled by 31 bps to 9.94% in 2023, then jumped by 271 bps to 36.88% in 2024, then retreated by 4 bps to 35.28% in 2025, then advanced by 8 bps to 37.97% in 2026.
- The last three Net Margin figures came in at 37.97% (Q1 2026), 35.28% (Q4 2025), and 34.88% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 34.73% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 34.77% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 8.45% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | -38.15% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 37.97% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 12.72% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 8.40% |
| 10 | Principal Financial | 23.79 Bn | 20.28 Bn | -463.00 Mn | 35.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.97% |
| Dec 31, 2025 | 35.28% |
| Sep 30, 2025 | 34.88% |
| Jun 30, 2025 | 33.84% |
| Mar 31, 2025 | 30.96% |
| Dec 31, 2024 | 36.88% |
| Sep 30, 2024 | 37.50% |
| Jun 30, 2024 | 76.44% |
| Mar 31, 2024 | 17.37% |
| Dec 31, 2023 | 9.94% |
| Sep 30, 2023 | 28.02% |
| Jun 30, 2023 | 29.84% |
| Mar 31, 2023 | 29.94% |
| Dec 31, 2022 | 14.49% |
| Sep 30, 2022 | 35.10% |
| Jun 30, 2022 | 34.24% |
| Mar 31, 2022 | 31.93% |
| Dec 31, 2021 | 36.16% |
| Sep 30, 2021 | 34.16% |
| Jun 30, 2021 | 33.79% |