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Cash Flow Statement
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Income Statement
Consolidated Net IncomeEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Financial Services FeesIncome from Continuing OperationsIncome towards Parent CompanyInterest Expense - DepositsInterest Expense - Fed FundsInterest Expense - OthersInterest ExpensesInterest ExpensesInterest Income - Debt SecuritiesInterest Income - DepositsInterest Income - Fed FundsInterest Income - NetInterest Income - TotalInterest Income - TotalInterest income - LoansNet Income towards Common StockholdersNon-Interest IncomeOperating ExpensesOther Non Operating IncomeOther Non-Interest IncomeOther Operating ExpensesOther interest incomePreferred Dividend PaymentsProfit After TaxProvisionsRent ExpenseRevenueShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateTax RateWages, Salaries and Other
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Ratios

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

Northern Trust recorded quarterly Tax Rate of 24.99% in Q1 2026, down 5.6% quarter-over-quarter from 26.48% in Q4 2025, and up 18.0% year-over-year from 21.18% in Q1 2025.

Northern Trust's Tax Rate history runs 18 years deep, the most recent figure standing at 24.99% for Q1 2026.

  • In Q1 2026, Tax Rate rose 18.0% year-over-year to 24.99%; the TTM figure through Mar 2026 stood at 25.74% (up 215.0% YoY), while the FY2025 annual figure was 25.76%, up 213.0% from the prior year.
  • Tax Rate came in at 24.99% for Q1 2026 at Northern Trust, down 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 tumbled 203 bps in 2022 and jumped 420 bps in 2023, its largest moves.
  • Northern Trust's Tax Rate stood at 18.22% in 2022, then rose by 23 bps to 22.43% in 2023, then gained by 4 bps to 23.36% in 2024, then increased by 13 bps to 26.48% in 2025, then fell by 6 bps to 24.99% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods registered 24.99%, 26.48%, and 26.13% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 18.16
2 Blackstone 92.68 Bn 91.63 Bn - 13.55
3 Kkr 84.94 Bn 132.45 Bn - 40.05
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 15.80
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 598.59
6 State Street 44.42 Bn 18.75 Bn - 21.16
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 20.02
8 Northern Trust 31.21 Bn 31.21 Bn - 24.99
9 Ares Management 28.85 Bn 32.22 Bn - 19.13
10 Northern Trust - - - 24.99

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 24.99
Mar 31, 2026 24.99
Dec 31, 2025 26.48
Dec 31, 2025 26.48
Sep 30, 2025 26.13
Sep 30, 2025 26.13
Jun 30, 2025 25.41
Jun 30, 2025 25.41
Mar 31, 2025 24.82
Mar 31, 2025 24.82
Dec 31, 2024 23.36
Dec 31, 2024 23.36
Sep 30, 2024 22.66
Sep 30, 2024 22.66
Jun 30, 2024 23.65
Jun 30, 2024 23.65
Mar 31, 2024 26.12
Mar 31, 2024 26.12
Dec 31, 2023 22.43
Dec 31, 2023 22.43
Sep 30, 2023 24.52
Sep 30, 2023 24.52
Jun 30, 2023 24.71
Jun 30, 2023 24.71
Mar 31, 2023 24.64
Mar 31, 2023 24.64
Dec 31, 2022 18.22
Dec 31, 2022 18.22
Sep 30, 2022 24.73
Sep 30, 2022 24.73
Jun 30, 2022 26.71
Jun 30, 2022 26.71
Mar 31, 2022 23.79
Mar 31, 2022 23.79
Dec 31, 2021 20.25
Dec 31, 2021 20.25
Sep 30, 2021 23.62
Sep 30, 2021 23.62
Jun 30, 2021 24.34
Jun 30, 2021 24.34
Mar 31, 2021 24.36
Mar 31, 2021 24.36
Dec 31, 2020 35.48
Dec 31, 2020 35.48
Sep 30, 2020 24.47
Sep 30, 2020 24.47
Jun 30, 2020 22.30
Jun 30, 2020 22.30
Mar 31, 2020 21.80
Mar 31, 2020 21.80
Dec 31, 2019 22.10
Dec 31, 2019 22.10
Sep 30, 2019 24.38
Sep 30, 2019 24.38
Jun 30, 2019 23.18
Jun 30, 2019 23.18
Mar 31, 2019 23.24
Mar 31, 2019 23.24
Dec 31, 2018 15.64
Dec 31, 2018 15.64
Sep 30, 2018 22.14
Sep 30, 2018 22.14
Jun 30, 2018 23.03
Jun 30, 2018 23.03
Mar 31, 2018 21.11
Mar 31, 2018 21.11
Dec 31, 2017 18.14
Dec 31, 2017 18.14
Sep 30, 2017 28.37
Sep 30, 2017 28.37
Jun 30, 2017 31.45
Jun 30, 2017 31.45
Mar 31, 2017 29.37
Mar 31, 2017 29.37
Dec 31, 2016 31.58
Dec 31, 2016 31.58
Sep 30, 2016 31.07
Sep 30, 2016 31.07
Jun 30, 2016 33.37
Jun 30, 2016 33.37
Mar 31, 2016 31.68
Mar 31, 2016 31.68
Dec 31, 2015 31.71
Dec 31, 2015 31.71
Sep 30, 2015 33.58
Sep 30, 2015 33.58
Jun 30, 2015 34.56
Jun 30, 2015 34.56
Mar 31, 2015 34.09
Mar 31, 2015 34.09
Dec 31, 2014 29.44
Dec 31, 2014 29.44
Sep 30, 2014 32.77
Sep 30, 2014 32.77
Jun 30, 2014 32.80
Jun 30, 2014 32.80
Mar 31, 2014 32.69
Mar 31, 2014 32.69
Dec 31, 2013 30.93
Dec 31, 2013 30.93
Sep 30, 2013 31.51
Sep 30, 2013 31.51
Jun 30, 2013 33.14
Jun 30, 2013 33.14
Mar 31, 2013 32.37
Mar 31, 2013 32.37
Dec 31, 2012 -10.84
Dec 31, 2012 -10.84
Sep 30, 2012 32.81
Sep 30, 2012 32.81
Jun 30, 2012 32.53
Jun 30, 2012 32.53
Mar 31, 2012 31.93
Mar 31, 2012 31.93
Dec 31, 2011 -32.67
Dec 31, 2011 -32.67
Sep 30, 2011 32.59
Sep 30, 2011 32.59
Jun 30, 2011 33.77
Jun 30, 2011 33.77
Mar 31, 2011 34.35
Mar 31, 2011 34.35
Dec 31, 2010 21.08
Dec 31, 2010 21.08
Sep 30, 2010 34.46
Sep 30, 2010 34.46
Jun 30, 2010 33.42
Jun 30, 2010 33.42
Mar 31, 2010 34.01
Mar 31, 2010 34.01
Dec 31, 2009 28.23
Dec 31, 2009 28.23
Sep 30, 2009 27.31
Sep 30, 2009 27.31
Jun 30, 2009 33.50
Jun 30, 2009 33.50
Mar 31, 2009 33.99
Mar 31, 2009 33.99