Northern Trust (NTRS) Operating Expenses (2009 - 2026)
Northern Trust (NTRS) posted Operating Expenses of $1.6 billion for Q2 2026, up 8.66% sequentially from $1.5 billion in Q1 2026, and up 15.67% YoY from $1.4 billion in Q2 2025.
Northern Trust (NTRS) Operating Expenses (2009 - 2026) Analysis & Trends
Northern Trust has reported Operating Expenses for 18 years, with the latest figure at $1.6 billion in Q2 2026.
- Quarterly Operating Expenses rose 15.67% year-over-year to $1.6 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $6.1 billion (up 8.93% YoY) and the FY2025 annual result came in at $5.8 billion, up 2.14% from the prior year.
- Operating Expenses grew to $1.6 billion in Q2 2026 per NTRS's latest filing, from $1.5 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.6 billion in Q2 2026 and troughed at $1.2 billion in Q1 2022.
- A 5-year average of $1.4 billion and a median of $1.4 billion in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses fell 7.65% in 2025, then grew 15.67% in 2026.
- Over 5 years, Operating Expenses stood at $1.3 billion in 2022, then gained by 4.9% to $1.4 billion in 2023, then slipped by 0.91% to $1.4 billion in 2024, then gained by 8.82% to $1.5 billion in 2025, then grew by 9.44% to $1.6 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.6 billion, $1.5 billion, and $1.5 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Raymond James Financial | 33.40 Bn | 20.15 Bn | - | 3.18 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.64 Bn |
| Mar 31, 2026 | 1.51 Bn |
| Dec 31, 2025 | 1.50 Bn |
| Sep 30, 2025 | 1.42 Bn |
| Jun 30, 2025 | 1.42 Bn |
| Mar 31, 2025 | 1.42 Bn |
| Dec 31, 2024 | 1.38 Bn |
| Sep 30, 2024 | 1.36 Bn |
| Jun 30, 2024 | 1.53 Bn |
| Mar 31, 2024 | 1.36 Bn |
| Dec 31, 2023 | 1.39 Bn |
| Sep 30, 2023 | 1.28 Bn |
| Jun 30, 2023 | 1.33 Bn |
| Mar 31, 2023 | 1.29 Bn |
| Dec 31, 2022 | 1.32 Bn |
| Sep 30, 2022 | 1.23 Bn |
| Jun 30, 2022 | 1.22 Bn |
| Mar 31, 2022 | 1.21 Bn |
| Dec 31, 2021 | 1.17 Bn |
| Sep 30, 2021 | 1.13 Bn |