Northern Trust (NTRS) Rent Expense (2009 - 2026)
Northern Trust (NTRS) reported Rent Expense of $51.3 million for Q1 2026, down 3.93% on a YoY basis from $53.4 million in Q1 2025, and down 9.04% sequentially from $56.4 million in Q4 2025.
Northern Trust (NTRS) Rent Expense (2009 - 2026) Analysis & Trends
Northern Trust (NTRS) has 18 years of Rent Expense data on file, last reported at $51.3 million in Q1 2026.
- For the quarter ending Q1 2026, Rent Expense fell 3.93% year-over-year to $51.3 million; the trailing twelve-month figure through Mar 2026 stood at $215.2 million (changed 0.42% YoY), and the FY2025 full-year result was $217.3 million, changed 0.23% from the prior year.
- Rent Expense eased to $51.3 million in Q1 2026, from $56.4 million in the prior quarter.
- In the past five years, Rent Expense ranged from a high of $65.7 million in Q4 2022 to a low of $51.0 million in Q2 2022.
- A 5-year average of $55.1 million and a median of $54.1 million in 2024 frame the typical range for Rent Expense.
- Across the five-year window, Rent Expense gained 26.83% in 2022 and decreased 11.75% in 2024, its largest moves.
- Tracing NTRS's Rent Expense over 5 years: stood at $65.7 million in 2022, then fell by 10.96% to $58.5 million in 2023, then fell by 7.52% to $54.1 million in 2024, then increased by 4.25% to $56.4 million in 2025, then decreased by 9.04% to $51.3 million in 2026.
- Business Quant data shows NTRS's Rent Expense at $51.3 million in Q1 2026, $56.4 million in Q4 2025, and $55.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | - |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | - |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | - |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 101.00 Mn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | - |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 51.30 Mn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 80.00 Mn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | - |
| 10 | Principal Financial | 23.31 Bn | -27.00 Bn | -463.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 51.30 Mn |
| Mar 31, 2026 | 51.30 Mn |
| Dec 31, 2025 | 56.40 Mn |
| Dec 31, 2025 | 56.40 Mn |
| Sep 30, 2025 | 55.00 Mn |
| Sep 30, 2025 | 55.00 Mn |
| Jun 30, 2025 | 52.50 Mn |
| Jun 30, 2025 | 52.50 Mn |
| Mar 31, 2025 | 53.40 Mn |
| Mar 31, 2025 | 53.40 Mn |
| Dec 31, 2024 | 54.10 Mn |
| Dec 31, 2024 | 54.10 Mn |
| Sep 30, 2024 | 53.80 Mn |
| Sep 30, 2024 | 53.80 Mn |
| Jun 30, 2024 | 54.80 Mn |
| Jun 30, 2024 | 54.80 Mn |
| Mar 31, 2024 | 54.10 Mn |
| Mar 31, 2024 | 54.10 Mn |
| Dec 31, 2023 | 58.50 Mn |
| Dec 31, 2023 | 58.50 Mn |