Northern Trust (NTRS) Operating Expenses (2009 - 2026)
Northern Trust (NTRS) reported Operating Expenses of $1.5 billion for Q1 2026, up 6.38% on a YoY basis from $1.4 billion in Q1 2025, and up 0.71% sequentially from $1.5 billion in Q4 2025.
Northern Trust (NTRS) Operating Expenses (2009 - 2026) Analysis & Trends
Northern Trust (NTRS) has 18 years of Operating Expenses data on file, last reported at $1.5 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 6.38% year-over-year to $1.5 billion; the trailing twelve-month figure through Mar 2026 stood at $5.8 billion (up 2.78% YoY), and the FY2025 full-year result was $5.8 billion, up 2.14% from the prior year.
- Operating Expenses climbed to $1.5 billion in Q1 2026, from $1.5 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.5 billion in Q2 2024 to a low of $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.
- Across the five-year window, Operating Expenses increased 15.17% in 2024 and dropped 7.65% in 2025, its largest moves.
- Tracing NTRS's Operating Expenses over 5 years: stood at $1.3 billion in 2022, then grew by 4.9% to $1.4 billion in 2023, then fell by 0.91% to $1.4 billion in 2024, then gained by 8.82% to $1.5 billion in 2025, then advanced by 0.71% to $1.5 billion in 2026.
- Business Quant data shows NTRS's Operating Expenses at $1.5 billion in Q1 2026, $1.5 billion in Q4 2025, and $1.4 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Principal Financial | 23.31 Bn | -27.00 Bn | -463.00 Mn | 3.05 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 1.12 Bn |