Northern Trust (NTRS) Tax Rate (2009 - 2026)
Northern Trust's (NTRS) quarterly Tax Rate came in at 25.59% in Q2 2026, up 19.0% year-over-year from 21.51% in Q2 2025, and up 2.41% quarter-over-quarter from 24.99% in Q1 2026.
Analysis
Northern Trust (NTRS) Tax Rate (2009 - 2026) Analysis & Trends
Northern Trust has disclosed Tax Rate across 18 years of filings, most recently posting 25.59% for Q2 2026.
- In Q2 2026, Tax Rate rose 19.0% year-over-year to 25.59%; the TTM figure through Jun 2026 stood at 25.75% (up 174.0% YoY), while the FY2025 annual figure was 25.76%, up 213.0% from the prior year.
- Tax Rate came in at 25.59% for Q2 2026 at Northern Trust, up from 24.99% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 26.71% in Q2 2022 to a low of 18.22% in Q4 2022.
- Average Tax Rate over 5 years is 24.39%, with a median of 24.72% recorded in 2022.
- Year-over-year, Tax Rate tumbled 203 bps in 2022 and jumped 420 bps in 2023.
- Over 5 years, Tax Rate stood at 18.22% in 2022, then increased by 23 bps to 22.43% in 2023, then rose by 4 bps to 23.36% in 2024, then grew by 13 bps to 26.48% in 2025, then fell by 3 bps to 25.59% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 25.59% in Q2 2026, 24.99% in Q1 2026, and 26.48% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank of New York Mellon | 110.37 Bn | 49.74 Bn | - | 20.95% |
| 2 | State Street | 53.13 Bn | 53.13 Bn | - | 21.96% |
| 3 | Northern Trust | 34.62 Bn | 34.62 Bn | - | 25.59% |
| 4 | Sei Investments | 12.83 Bn | 12.74 Bn | - | 21.19% |
| 5 | Healthequity | 7.98 Bn | 7.72 Bn | 257.95 Mn | 25.29% |
| 6 | AtlasClear Holdings | 26.96 Mn | -13.53 Mn | - | 9.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.59% |
| Mar 31, 2026 | 24.99% |
| Dec 31, 2025 | 26.48% |
| Sep 30, 2025 | 26.13% |
| Jun 30, 2025 | 25.41% |
| Mar 31, 2025 | 24.82% |
| Dec 31, 2024 | 23.36% |
| Sep 30, 2024 | 22.66% |
| Jun 30, 2024 | 23.65% |
| Mar 31, 2024 | 26.12% |
| Dec 31, 2023 | 22.43% |
| Sep 30, 2023 | 24.52% |
| Jun 30, 2023 | 24.71% |
| Mar 31, 2023 | 24.64% |
| Dec 31, 2022 | 18.22% |
| Sep 30, 2022 | 24.73% |
| Jun 30, 2022 | 26.71% |
| Mar 31, 2022 | 23.79% |
| Dec 31, 2021 | 20.25% |
| Sep 30, 2021 | 23.62% |