Northern Trust (NTRS) Rent Expense (2009 - 2026)

Northern Trust's (NTRS) quarterly Rent Expense came in at $51.3 million in Q1 2026, down 3.93% year-on-year from $53.4 million in Q1 2025, and down 9.04% quarter-over-quarter from $56.4 million in Q4 2025.

Northern Trust (NTRS) Rent Expense (2009 - 2026) Analysis & Trends

Northern Trust has disclosed Rent Expense across 18 years of filings, most recently posting $51.3 million for Q1 2026.

  • Rent Expense for Q1 2026 came in at $51.3 million, down 3.93% year-over-year; the trailing twelve-month figure through Mar 2026 was $215.2 million (changed 0.42% YoY), and the FY2025 annual result was $217.3 million, changed 0.23% from the prior year.
  • Rent Expense came in at $51.3 million for Q1 2026 at Northern Trust, down 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.
  • The 5-year median for Rent Expense is $54.1 million (2024), against an average of $55.1 million.
  • Across the five-year window, Rent Expense gained 26.83% in 2022 and decreased 11.75% in 2024, its largest moves.
  • Northern Trust's Rent Expense stood at $65.7 million in 2022, then retreated by 10.96% to $58.5 million in 2023, then retreated by 7.52% to $54.1 million in 2024, then rose by 4.25% to $56.4 million in 2025, then slipped by 9.04% to $51.3 million in 2026.
  • The last three Rent Expense figures came in at $51.3 million (Q1 2026), $56.4 million (Q4 2025), and $55.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Rental Exp. (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -
2 Blackstone 96.85 Bn 95.80 Bn - -
3 Kkr 86.45 Bn 133.96 Bn - 37.84 Mn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn -
5 State Street 46.95 Bn 21.27 Bn - 101.00 Mn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn -
7 Northern Trust 31.92 Bn 31.92 Bn - 51.30 Mn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 80.00 Mn
9 Ares Management 29.04 Bn 32.41 Bn - -
10 Principal Financial 23.79 Bn 20.28 Bn -463.00 Mn -

Historic Data

Download Data
DateValue
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