Northern Trust (NTRS) Operating Expenses (2009 - 2026)
Northern Trust's (NTRS) quarterly Operating Expenses came in at $1.6 billion in Q2 2026, up 15.67% year-over-year from $1.4 billion in Q2 2025, and up 8.66% quarter-over-quarter from $1.5 billion in Q1 2026.
Analysis
Northern Trust (NTRS) Operating Expenses (2009 - 2026) Analysis & Trends
Northern Trust has disclosed Operating Expenses across 18 years of filings, most recently posting $1.6 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 15.67% year-over-year to $1.6 billion; the TTM figure through Jun 2026 stood at $6.1 billion (up 8.93% YoY), while the FY2025 annual figure was $5.8 billion, up 2.14% from the prior year.
- Operating Expenses came in at $1.6 billion for Q2 2026 at Northern Trust, up from $1.5 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.6 billion in Q2 2026 to a low of $1.2 billion in Q1 2022.
- Average Operating Expenses over 5 years is $1.4 billion, with a median of $1.4 billion recorded in 2024.
- Year-over-year, Operating Expenses declined 7.65% in 2025 and climbed 15.67% in 2026.
- Over 5 years, Operating Expenses stood at $1.3 billion in 2022, then increased by 4.9% to $1.4 billion in 2023, then retreated by 0.91% to $1.4 billion in 2024, then increased by 8.82% to $1.5 billion in 2025, then advanced by 9.44% to $1.6 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.6 billion in Q2 2026, $1.5 billion in Q1 2026, and $1.5 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank of New York Mellon | 111.85 Bn | 51.23 Bn | - | 3.44 Bn |
| 2 | State Street | 53.36 Bn | 53.36 Bn | - | 2.66 Bn |
| 3 | Northern Trust | 34.15 Bn | 34.15 Bn | - | 1.64 Bn |
| 4 | Sei Investments | 13.24 Bn | 13.16 Bn | - | 444.60 Mn |
| 5 | Healthequity | 7.97 Bn | 7.71 Bn | 257.95 Mn | 159.26 Mn |
| 6 | AtlasClear Holdings | 28.46 Mn | -12.04 Mn | - | 7.13 Mn |
Historic Data
Download Data
Historic 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 |