Northern Trust (NTRS) Net Margin (2009 - 2026)
Northern Trust (NTRS) posted Net Margin of 58.35% for Q2 2026, up 24.52 percentage points from 33.84% a year earlier and up 20.39 percentage points from the prior quarter.
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Analysis
Northern Trust (NTRS) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Northern Trust was 41.79%, up 7.00 percentage points year-over-year; for FY2025, it was 33.78%, down 8.29 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +4.92 percentage points (FY2020 to FY2025).
- In prior years, Northern Trust's Net Margin was 42.08% in FY2024 (+17.65 pp), 24.43% in FY2023 (-4.77 pp), 29.20% in FY2022 (-5.28 pp) and 34.48% in FY2021 (+5.61 pp).
- The Q2 2026 figure stands as the highest quarterly Net Margin in data going back to Q1 2009.
- On a year-over-year basis, Net Margin increased in six of the last eight quarters, with an average year-over-year change of +9.79 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q4 2024, with a gain of 26.93 percentage points; the weakest was Q4 2022, with a drop of 21.67 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 37.97% (Q1 2026), 35.28% (Q4 2025) and 34.88% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - | 59.68% |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - | 28.31% |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - | 25.90% |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - | 32.87% |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn | 22.57% |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - | 25.72% |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn | 31.40% |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - | 16.41% |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 45.64% |
| 10 | Tradeweb Markets | 26.89 Bn | 18.69 Bn | - | 33.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 45.64% |
| Jun 30, 2026 | 58.35% |
| 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 | 32.83% |
| 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% |
API Access
Northern Trust Net Margin 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=net-margin&ticker=NTRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=NTRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();