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| Date | Value |
|---|---|
| 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% |