What is Northern Trust's asset servicing segment — noninterest expense?

Northern Trust (NTRS) reported asset servicing segment — noninterest expense of $947.00M 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 $890.50M to $947.00M.

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 required to run the asset servicing business, excluding interest.

Business Segments · Noninterest Expense

Asset Servicing Segment — Noninterest Expense

Northern Trust Asset Servicing Segment — Noninterest Expense decreased by 0.7% to $947.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.3%, from $890.50M to $947.00M. Over 3 years (FY 2022 to FY 2025), Asset Servicing Segment — Noninterest Expense shows an upward trend with a 5.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityStable

First reportedQ1 2021

Last reportedQ1 2026

Rolls up toTotal Operating Expenses

How to read this metric

A decrease relative to revenue indicates improved operating leverage and efficiency, while an increase may signal scaling costs or inflationary pressure.

Detailed definition

The total operating costs incurred by the Asset Servicing segment, excluding interest expense. This includes personnel c...

Peer comparison

A standard metric for evaluating the cost-to-income efficiency of business segments in banking and asset management.

Metric ID: ntrs_segment_asset_servicing_segment_noninterest_expense

Historical Data

19 periods

	Q2 '21	Q3 '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	$703.60M	$716.60M	$757.90M	$751.10M	$760.40M	$823.30M	$801.00M	$849.40M	$809.30M	$813.50M	$852.70M	$920.60M	$860.70M	$856.70M	$890.50M	$895.60M	$901.30M	$953.40M	$947.00M
QoQ Change	—	+1.8%	+5.8%	-0.9%	+1.2%	+8.3%	-2.7%	+6.0%	-4.7%	+0.5%	+4.8%	+8.0%	-6.5%	-0.5%	+3.9%	+0.6%	+0.6%	+5.8%	-0.7%
YoY Change	—	—	—	+6.8%	+6.1%	—	+5.7%	+13.1%	+6.4%	-1.2%	+6.5%	+8.4%	+6.4%	+5.3%	+4.4%	-2.7%	+4.7%	+11.3%	+6.3%

Range$703.60M – $953.40M

CAGR+6.8%

Avg YoY Growth+5.8%

Median YoY Growth+6.3%

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Frequently Asked Questions

What is Northern Trust's asset servicing segment — noninterest expense?: Northern Trust (NTRS) reported asset servicing segment — noninterest expense of $947.00M 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 $890.50M to $947.00M.
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 required to run the asset servicing business, excluding interest.