Northern Trust (NTRS) Rent Expense (2009 - 2026)
Northern Trust (NTRS) posted Rent Expense of $53.5 million for Q2 2026, up 4.29% sequentially from $51.3 million in Q1 2026, and up 1.9% YoY from $52.5 million in Q2 2025.
Northern Trust (NTRS) Rent Expense (2009 - 2026) Analysis & Trends
Northern Trust has reported Rent Expense for 18 years, with the latest figure at $53.5 million in Q2 2026.
- Quarterly Rent Expense rose 1.9% year-over-year to $53.5 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $216.2 million (up 1.12% YoY) and the FY2025 annual result came in at $217.3 million, changed 0.23% from the prior year.
- Rent Expense grew to $53.5 million in Q2 2026 per NTRS's latest filing, from $51.3 million in the prior quarter.
- Over five years, Rent Expense peaked at $65.7 million in Q4 2022 and troughed at $51.0 million in Q2 2022.
- A 5-year average of $55.0 million and a median of $54.0 million in 2023 frame the typical range for Rent Expense.
- The sharpest annual moves came in 2022 and 2024: Rent Expense climbed 26.83% in 2022, then dropped 11.75% in 2024.
- Over 5 years, Rent Expense stood at $65.7 million in 2022, then slipped by 10.96% to $58.5 million in 2023, then slipped by 7.52% to $54.1 million in 2024, then advanced by 4.25% to $56.4 million in 2025, then fell by 5.14% to $53.5 million in 2026.
- According to Business Quant data, Rent Expense over the past three periods registered $53.5 million, $51.3 million, and $56.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 178.86 Bn | 164.99 Bn | - | - |
| 2 | Blackstone | 114.98 Bn | 112.48 Bn | - | - |
| 3 | Kkr | 97.38 Bn | -179.70 Bn | - | 39.46 Mn |
| 4 | Brookfield | 93.59 Bn | 46.19 Bn | - | - |
| 5 | Brookfield Asset Management | 83.79 Bn | 82.29 Bn | - | - |
| 6 | Apollo Global Management | 78.51 Bn | 53.14 Bn | 10.54 Bn | - |
| 7 | State Street | 51.54 Bn | 51.54 Bn | - | 96.00 Mn |
| 8 | Ameriprise Financial | 51.29 Bn | 40.24 Bn | 4.72 Bn | - |
| 9 | Northern Trust | 34.04 Bn | 34.04 Bn | - | 53.50 Mn |
| 10 | Raymond James Financial | 34.00 Bn | 20.75 Bn | - | 85.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 53.50 Mn |
| Jun 30, 2026 | 53.50 Mn |
| 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 |