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Northern Trust NTRS Asset Servicing Segment — Outside Services

Other segment segments

Wealth Management Segment
$11M-23.1%

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CLVTLife Sciences & Healthcare — Outside Service Expense
$2M-23.1%

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:ProfessionalFees.

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 — outside services?
Northern Trust (NTRS) reported asset servicing segment — outside services of $29.8M in Q1 2026.
How has Northern Trust's asset servicing segment — outside services changed year-over-year?
Northern Trust's asset servicing segment — outside services decreased by 36.2% year-over-year, from $46.7M to $29.8M.
What is the long-term trend for Northern Trust's asset servicing segment — outside services?
Over 3 years (2022 to 2025), Northern Trust's asset servicing segment — outside services has grown at a -34.4% compound annual growth rate (CAGR), from $433.5M to $122.5M.
What does asset servicing segment — outside services mean?
Represents the costs incurred by the Asset Servicing segment for third-party professional services, including consulting, legal, and outsourced operational support. These expenses are essential for maintaining global custody and administration infrastructure. Monitoring these costs helps assess the segment's reliance on external vendors versus internal capabilities.