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| 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 |