U.S was the largest of Northern Trust Corp’s 2 reported lines in fiscal 2025, at $22.61B — 70% of $32.35B.
| Geography | FY 2008 | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2016 | FY 2018 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S | $24.67B | $22.61B | |||||||||
| United States | — | — | |||||||||
| Non-U.S | $8.49B | $9.74B | |||||||||
| Non - U.S | — | — | |||||||||
| Foreign Country | — | — | |||||||||
| Total | $33.16B | $32.35B |
In fiscal 2025, which ended December 31, 2025, the 2 regions Northern Trust Corp reported in this breakdown added up to $32.35B. That was down 2.5% from $33.16B in fiscal 2024. U.S was the largest region, at $22.61B or 69.9% of the total, followed by Non-U.S ($9.74B, 30.1%).
Compared with fiscal 2024, Non-U.S grew the fastest, rising 14.7% to $9.74B. U.S fell the most, down 8.4% to $22.61B.
The table also keeps 3 regions that Northern Trust Corp no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers 11 fiscal years between 2008 and 2025, as reported in Northern Trust Corp's annual filings.
Investment Management & Advisory was the largest of Northern Trust Corp’s 5 reported lines in fiscal 2023, at $8.93B — 51% of $17.60B.
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|
| Investment Management & Advisory | $8.12B | $8.56B | $9.20B | $8.93B | |
| Custody & Fund Administration | $6.70B | $7.67B | $7.26B | $7.22B | |
| Other | $812.40M | $906.80M | $943.60M | $961.20M | |
| Securities Commission & Trading | — | — | — | — | |
| Securities Lending | $353.20M | $307.60M | $326.40M | $335.60M | |
| Products & Services, Other Operating Income | $171.20M | $215.60M | $148.80M | $155.60M | |
| Total | $16.15B | $17.66B | $17.88B | $17.60B |
In fiscal 2023, which ended December 31, 2023, the 5 revenue lines Northern Trust Corp reported in this breakdown added up to $17.60B. That was down 1.5% from $17.88B in fiscal 2022. Investment Management & Advisory was the largest revenue line, at $8.93B or 50.7% of the total, followed by Custody & Fund Administration ($7.22B, 41.0%) and Other ($961.20M, 5.5%). Together, the two largest revenue lines made up 91.7% of this total.
Compared with fiscal 2022, Other grew the fastest, rising 1.9% to $961.20M. Investment Management & Advisory fell the most, down 2.9% to $8.93B. Over fiscal 2020 to 2023, revenue across these revenue lines went from $16.15B to $17.60B, a compound annual growth rate of 2.9%. Investment Management & Advisory held a steady share of about 50.7%.
The table also keeps 1 revenue line that Northern Trust Corp no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2019 to 2023, as reported in Northern Trust Corp's annual filings.
Asset Servicing was the largest of Northern Trust Corp’s 2 reported lines in fiscal 2023, at $9.85B — 56% of $17.45B.
| Statement Business Segments | FY 2017 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|
| Asset Servicing | $9.29B | $9.95B | $9.99B | $9.85B | ||
| Corporate Institutional Services | — | — | — | — | ||
| Wealth Management | $6.69B | $7.50B | $7.75B | $7.60B | ||
| Total | $15.98B | $17.44B | $17.73B | $17.45B |
In fiscal 2023, which ended December 31, 2023, the 2 segments Northern Trust Corp reported in this breakdown added up to $17.45B. That was down 1.6% from $17.73B in fiscal 2022. Asset Servicing was the largest segment, at $9.85B or 56.4% of the total, followed by Wealth Management ($7.60B, 43.6%).
Compared with fiscal 2022, every sizeable segment reported in both years shrank. Asset Servicing held up best, down 1.4% to $9.85B, while Wealth Management fell the most, down 1.9% to $7.60B. Over fiscal 2020 to 2023, revenue across these segments went from $15.98B to $17.45B, a compound annual growth rate of 3.0%. Asset Servicing's share of the total fell from 58.1% to 56.4% over the same years.
The table also keeps 1 segment that Northern Trust Corp no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers 6 fiscal years between 2017 and 2023, as reported in Northern Trust Corp's annual filings.
Northern Trust Corp (NTRS) breaks its revenue down by region, revenue line and segment. In fiscal 2025, its largest region was U.S, with $22.61B or 69.9% of the total, followed by Non-U.S at $9.74B (30.1%).
U.S was Northern Trust Corp's largest region in fiscal 2025, with $22.61B in revenue, 69.9% of the $32.35B reported across its 2 regions.
Investment Management & Advisory was Northern Trust Corp's largest revenue line in fiscal 2023, with $8.93B in revenue, 50.7% of the $17.60B reported across its 5 revenue lines.
Asset Servicing was Northern Trust Corp's largest segment in fiscal 2023, with $9.85B in revenue, 56.4% of the $17.45B reported across its 2 segments.
Of the Northern Trust Corp regions reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Non-U.S grew the fastest, rising 14.7% from $8.49B to $9.74B.
Every figure is taken from Northern Trust Corp's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by region covers fiscal 2008 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.