Northern Trust (NTRS) Shares Outstanding (Diluted) (2009 - 2026)
Northern Trust's Shares Outstanding (Diluted) came in at 184.89 million for Q2 2026, down 4.4% from 193.37 million a year earlier and down 0.9% from the prior quarter.
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Analysis
Northern Trust (NTRS) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Northern Trust's Shares Outstanding (Diluted) was 192.25 million, down 4.8% from FY2024.
- Shares Outstanding (Diluted) has declined in each of the last three years, with a five-year compound annual growth rate of -1.7% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 201.87 million in FY2024 (-2.7%), 207.56 million in FY2023 (-0.6%), 208.87 million in FY2022 (unchanged) and 208.9 million in FY2021 (-0.1%).
- The Q2 2026 figure represents the lowest quarterly Shares Outstanding (Diluted) in data going back to Q1 2009.
- Year-over-year, Shares Outstanding (Diluted) has declined for 13 consecutive quarters, with an average decline of 4.3% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in Q3 2021 (growth of 0.1%), and the weakest in Q2 2025 (a decline of 5.1%).
- Business Quant data shows NTRS's Shares Outstanding (Diluted) at 186.54 million (Q1 2026), 192.25 million (Q4 2025) and 191 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | 912.00 Mn |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | 692.22 Mn |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | 361.28 Mn |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | 566.00 Mn |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 567.75 Mn |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | 281.06 Mn |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | 450.09 Mn |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | 184.89 Mn |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | 104.90 Mn |
| 10 | LPL Financial Holdings | 24.92 Bn | 20.24 Bn | - | 80.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 184.89 Mn |
| Mar 31, 2026 | 186.54 Mn |
| Dec 31, 2025 | 192.25 Mn |
| Sep 30, 2025 | 191.00 Mn |
| Jun 30, 2025 | 193.37 Mn |
| Mar 31, 2025 | 196.12 Mn |
| Dec 31, 2024 | 201.87 Mn |
| Sep 30, 2024 | 200.55 Mn |
| Jun 30, 2024 | 203.74 Mn |
| Mar 31, 2024 | 205.13 Mn |
| Dec 31, 2023 | 207.56 Mn |
| Sep 30, 2023 | 207.25 Mn |
| Jun 30, 2023 | 207.82 Mn |
| Mar 31, 2023 | 208.73 Mn |
| Dec 31, 2022 | 208.87 Mn |
| Sep 30, 2022 | 208.89 Mn |
| Jun 30, 2022 | 208.88 Mn |
| Mar 31, 2022 | 208.81 Mn |
| Dec 31, 2021 | 208.90 Mn |
| Sep 30, 2021 | 208.92 Mn |
API Access
Northern Trust Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=NTRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=NTRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();