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Northern Trust NTRS Asset Servicing Segment — Noninterest Expense

Other segment segments

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$559.2M+8.1%

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WDServicing And Asset Management — Operating Expenses
$105.84M+11.2%

Other financials

Income statement

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Revenue$2.2B+13.7%
Net income$525.5M+34.1%
EPS (diluted)$2.71+42.6%

Balance sheet

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Cash & equivalents$6.4B-2.2%
Total debt$624.4M-3.8%
Total equity$13.0B+0.8%
Total assets$174.57B+5.8%

Cash flow

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Operating cash flow-$320.0M-112%
CapEx$9.4M-24.2%
Free cash flow-$329.4M-112%

Valuation

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Market cap$32.17B+33.6%
P/E17.2×+3.3×
P/S3.9×-1.4×

Profitability

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Net margin22.8%-3.9pp
FCF margin65.1%-24.5pp

Returns & leverage

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Return on equity14.5%-3.2pp
Debt / equity0.0×

Where this comes from

Reported directly by Northern Trust in its filing.

Tagged under the XBRL concept us-gaap:NoninterestExpense.

The official record: Northern Trust’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northern Trust's asset servicing segment — noninterest expense?
Northern Trust (NTRS) reported asset servicing segment — noninterest expense of $947M in Q1 2026.
How has Northern Trust's asset servicing segment — noninterest expense changed year-over-year?
Northern Trust's asset servicing segment — noninterest expense increased by 6.3% year-over-year, from $890.5M to $947M.
What is the long-term trend for Northern Trust's asset servicing segment — noninterest expense?
Over 3 years (2022 to 2025), Northern Trust's asset servicing segment — noninterest expense has grown at a 5.6% compound annual growth rate (CAGR), from $3.09B to $3.64B.
What does asset servicing segment — noninterest expense mean?
The total operating costs incurred by the Asset Servicing segment, excluding interest expense. This includes personnel costs, technology spending, and administrative overhead required to provide custody and administration services. It is a primary measure of the segment's operational cost structure.