Northern Trust (NTRS) Return on Invested Capital [ROIC] (2009 - 2026)
Northern Trust (NTRS) recorded Return on Invested Capital [ROIC] of 27.43% in Q2 2026, down 3.81 percentage points from 31.25% a year earlier but up 1.33 percentage points from the prior quarter.
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Analysis
Northern Trust (NTRS) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Northern Trust reported Return on Invested Capital [ROIC] of 25.55%, down 7.42 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of +19.01 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 32.97% in FY2024 (+11.04 pp), 21.92% in FY2023 (+12.20 pp), 9.72% in FY2022 (+1.76 pp) and 7.96% in FY2021 (+1.43 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from 6.59% in Q3 2021 to 33.38% in Q1 2025 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for three consecutive quarters, with an average year-over-year change of +2.71 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 14.27 percentage points in Q2 2024, against a drop of 7.27 percentage points in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 26.10% (Q1 2026), 26.49% (Q4 2025) and 29.42% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn | 11.69% |
| 2 | Bank of New York Mellon | 103.23 Bn | 37.32 Bn | - | 25.25% |
| 3 | Intercontinental Exchange | 99.60 Bn | 93.42 Bn | 1.22 Bn | 8.54% |
| 4 | Robinhood Markets | 70.15 Bn | 49.76 Bn | - | 20.43% |
| 5 | Nasdaq | 60.57 Bn | 58.01 Bn | 1.48 Bn | 10.50% |
| 6 | State Street | 47.32 Bn | 43.94 Bn | - | 17.41% |
| 7 | Cboe Global Markets | 39.19 Bn | 29.68 Bn | 712.20 Mn | 19.52% |
| 8 | Interactive Brokers | 37.06 Bn | 20.72 Bn | - | 38.59% |
| 9 | Northern Trust | 32.28 Bn | 32.28 Bn | - | 25.43% |
| 10 | Tradeweb Markets | 30.81 Bn | 23.33 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.43% |
| Jun 30, 2026 | 24.94% |
| Mar 31, 2026 | 24.67% |
| Dec 31, 2025 | 24.41% |
| Sep 30, 2025 | 24.86% |
| Jun 30, 2025 | 26.39% |
| Mar 31, 2025 | 30.68% |
| Dec 31, 2024 | 30.86% |
| Sep 30, 2024 | 28.32% |
| Jun 30, 2024 | 26.82% |
| Mar 31, 2024 | 23.63% |
| Dec 31, 2023 | 21.10% |
| Sep 30, 2023 | 16.20% |
| Jun 30, 2023 | 12.55% |
| Mar 31, 2023 | 10.59% |
| Dec 31, 2022 | 9.15% |
| Sep 30, 2022 | 9.08% |
| Jun 30, 2022 | 8.80% |
| Mar 31, 2022 | 8.35% |
| Dec 31, 2021 | 7.73% |
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();