Northern Trust (NTRS) Tax Rate (2009 - 2026)

Northern Trust (NTRS) reported Tax Rate of 24.99% for Q1 2026, up 18.0% on a YoY basis from 21.18% in Q1 2025, and down 5.6% sequentially from 26.48% in Q4 2025.

Northern Trust (NTRS) Tax Rate (2009 - 2026) Analysis & Trends

Northern Trust (NTRS) has 18 years of Tax Rate data on file, last reported at 24.99% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 18.0% year-over-year to 24.99%; the trailing twelve-month figure through Mar 2026 stood at 25.74% (up 215.0% YoY), and the FY2025 full-year result was 25.76%, up 213.0% from the prior year.
  • Tax Rate declined to 24.99% in Q1 2026, from 26.48% 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.
  • A 5-year average of 24.32% and a median of 24.71% in 2023 frame the typical range for Tax Rate.
  • Across the five-year window, Tax Rate slumped 203 bps in 2022 and soared 420 bps in 2023, its largest moves.
  • Tracing NTRS's Tax Rate over 5 years: stood at 18.22% in 2022, then grew by 23 bps to 22.43% in 2023, then rose by 4 bps to 23.36% in 2024, then increased by 13 bps to 26.48% in 2025, then dropped by 6 bps to 24.99% in 2026.
  • Business Quant data shows NTRS's Tax Rate at 24.99% in Q1 2026, 26.48% in Q4 2025, and 26.13% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -1.22%
2 BlackRock 161.01 Bn 148.08 Bn - 18.16%
3 Blackstone 97.77 Bn 96.72 Bn - 13.55%
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 598.59%
5 State Street 51.30 Bn 51.30 Bn - 21.16%
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 20.02%
7 Northern Trust 32.93 Bn 32.93 Bn - 24.99%
8 Raymond James Financial 32.59 Bn 17.67 Bn - 25.99%
9 Price T Rowe 24.70 Bn 21.13 Bn - 23.43%
10 Principal Financial 23.31 Bn -27.00 Bn -463.00 Mn 14.30%

Historic Data

Download Data
DateValue
Mar 31, 2026 24.99%
Mar 31, 2026 24.99%
Mar 31, 2026 24.99%
Dec 31, 2025 26.48%
Dec 31, 2025 26.48%
Dec 31, 2025 26.48%
Sep 30, 2025 26.13%
Sep 30, 2025 26.13%
Sep 30, 2025 26.13%
Jun 30, 2025 25.41%
Jun 30, 2025 25.41%
Jun 30, 2025 25.41%
Mar 31, 2025 24.82%
Mar 31, 2025 24.82%
Mar 31, 2025 24.82%
Dec 31, 2024 23.36%
Dec 31, 2024 23.36%
Dec 31, 2024 23.36%
Sep 30, 2024 22.66%
Sep 30, 2024 22.66%