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

Northern Trust (NTRS) posted Tax Rate of 25.59% for Q2 2026, up 2.41% sequentially from 24.99% in Q1 2026, and up 19.0% YoY from 21.51% in Q2 2025.

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

Northern Trust has reported Tax Rate for 18 years, with the latest figure at 25.59% in Q2 2026.

Quarterly Tax Rate rose 19.0% year-over-year to 25.59% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 25.75% (up 174.0% YoY) and the FY2025 annual result came in at 25.76%, up 213.0% from the prior year.
Tax Rate rose to 25.59% in Q2 2026 per NTRS's latest filing, from 24.99% in the prior quarter.
Over five years, Tax Rate peaked at 26.71% in Q2 2022 and troughed at 18.22% in Q4 2022.
A 5-year average of 24.39% and a median of 24.72% in 2022 frame the typical range for Tax Rate.
The sharpest annual moves came in 2022 and 2023: Tax Rate plunged 203 bps in 2022, then surged 420 bps in 2023.
Over 5 years, Tax Rate stood at 18.22% in 2022, then gained by 23 bps to 22.43% in 2023, then advanced by 4 bps to 23.36% in 2024, then rose by 13 bps to 26.48% in 2025, then decreased by 3 bps to 25.59% in 2026.
According to Business Quant data, Tax Rate over the past three periods registered 25.59%, 24.99%, and 26.48% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	BlackRock	179.54 Bn	165.67 Bn	-	24.90%
2	Blackstone	114.83 Bn	112.32 Bn	-	16.11%
3	Kkr	97.26 Bn	-179.81 Bn	-	17.91%
4	Brookfield	93.07 Bn	45.66 Bn	-	-
5	Brookfield Asset Management	83.46 Bn	81.96 Bn	-	12.14%
6	Apollo Global Management	78.41 Bn	53.04 Bn	10.54 Bn	15.94%
7	State Street	51.66 Bn	51.66 Bn	-	21.96%
8	Ameriprise Financial	51.12 Bn	40.07 Bn	4.72 Bn	22.82%
9	Raymond James Financial	33.99 Bn	20.74 Bn	-	20.67%
10	Northern Trust	33.87 Bn	33.87 Bn	-	25.59%

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