Northern Trust (NTRS) Return on Invested Capital [ROIC] (2015 - 2026)
Northern Trust (NTRS) recorded Return on Invested Capital [ROIC] of 31.71% in Q2 2026, down 4.08 percentage points from 35.79% a year earlier but up 0.01 percentage points from the prior quarter.
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Analysis
Northern Trust (NTRS) Return on Invested Capital [ROIC] (2015 - 2026) Analysis & Trends
For FY2025, Northern Trust reported Return on Invested Capital [ROIC] of 32.21%, down 9.21 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of +24.11 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 41.42% in FY2024 (+13.84 pp), 27.58% in FY2023 (+15.48 pp), 12.10% in FY2022 (+2.11 pp) and 9.99% in FY2021 (+1.89 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from 8.10% in Q3 2021 to 40.16% in Q4 2024 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for five consecutive quarters, with an average year-over-year change of +1.68 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 21.29 percentage points in Q2 2024, against a drop of 8.28 percentage points in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 31.70% (Q1 2026), 32.03% (Q4 2025) and 33.72% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | - |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | 44.74% |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | 11.27% |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | 8.46% |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 9.98% |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | - |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | 41.23% |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | 31.71% |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | 18.08% |
| 10 | LPL Financial Holdings | 24.92 Bn | 20.24 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.71% |
| Mar 31, 2026 | 31.70% |
| Dec 31, 2025 | 32.03% |
| Sep 30, 2025 | 33.72% |
| Jun 30, 2025 | 35.79% |
| Mar 31, 2025 | 39.98% |
| Dec 31, 2024 | 40.16% |
| Sep 30, 2024 | 38.24% |
| Jun 30, 2024 | 36.41% |
| Mar 31, 2024 | 31.05% |
| Dec 31, 2023 | 27.68% |
| Sep 30, 2023 | 20.58% |
| Jun 30, 2023 | 15.12% |
| Mar 31, 2023 | 13.03% |
| Dec 31, 2022 | 11.26% |
| Sep 30, 2022 | 11.34% |
| Jun 30, 2022 | 11.15% |
| Mar 31, 2022 | 10.30% |
| Dec 31, 2021 | 9.44% |
| Sep 30, 2021 | 8.10% |
API Access
Northern Trust Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NTRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "NTRS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NTRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();