Northern Trust NTRS
NASDAQ NTRS
$189.19 +2.00 (+1.07%)
At close: Sep 11, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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%