Tax
Income Tax
Northern Trust Income Tax increased by 4.4% to $175.10M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 35.3%, from $129.40M to $175.10M. Over 4 years (FY 2021 to FY 2025), Income Tax shows an upward trend with a 6.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionTax
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ1 2014
Last reportedQ1 2026
How to read this metric
An increase relative to pre-tax income may signal a higher effective tax rate or changes in tax legislation, while a decrease may indicate tax benefits or lower jurisdictional rates.
Detailed definition
Represents the total provision for income taxes recognized by the company during the reporting period, including both cu...
Peer comparison
Highly dependent on the company's geographic footprint and tax planning strategies compared to peers.
Metric ID:
income_tax_expenseHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $118.40M | $122.40M | $103.20M | $121.50M | $144.40M | $129.70M | $34.70M | $109.40M | $108.90M | $106.50M | $32.70M | $75.90M | $277.50M | $136.20M | $138.80M | $129.40M | $143.50M | $161.90M | $167.80M | $175.10M |
| QoQ Change | — | +3.4% | -15.7% | +17.7% | +18.8% | -10.2% | -73.2% | +215.3% | -0.5% | -2.2% | -69.3% | +132.1% | +265.6% | -50.9% | +1.9% | -6.8% | +10.9% | +12.8% | +3.6% | +4.4% |
| YoY Change | — | — | — | — | +22.0% | +6.0% | -66.4% | -10.0% | -24.6% | -17.9% | -5.8% | -30.6% | +154.8% | +27.9% | +324.5% | +70.5% | -48.3% | +18.9% | +20.9% | +35.3% |
Range$32.70M – $277.50M
CAGR+8.6%
Avg YoY Growth+29.8%
Median YoY Growth+12.4%
Current Streak4 quarters growth
Business Segments
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Asset Servicing Segment | $50.80M | $58.10M | $64.30M | $71.30M | $83.20M |
| Wealth Management Segment | $74.40M | $75.60M | $83.70M | $83.50M | $82.30M |
| Total | $129.40M | $143.50M | $161.90M | $167.80M | $175.10M |
Income Tax at Other Companies
Frequently Asked Questions
- What is Northern Trust's income tax?
- Northern Trust (NTRS) reported income tax of $175.10M in Q1 2026.
- How has Northern Trust's income tax changed year-over-year?
- Northern Trust's income tax increased by 35.3% year-over-year, from $129.40M to $175.10M.
- What is the long-term trend for Northern Trust's income tax?
- Over 4 years (2021 to 2025), Northern Trust's income tax has grown at a 6.7% compound annual growth rate (CAGR), from $464.80M to $602.60M.
- What does income tax mean?
- The total amount of income tax the company is required to pay on its earnings.