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
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