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Northern Trust NTRS Asset Servicing Segment — Revenues, Net of Interest Expense

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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:RevenuesNetOfInterestExpense.

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 — revenues, net of interest expense?
Northern Trust (NTRS) reported asset servicing segment — revenues, net of interest expense of $1.32B in Q1 2026.
How has Northern Trust's asset servicing segment — revenues, net of interest expense changed year-over-year?
Northern Trust's asset servicing segment — revenues, net of interest expense increased by 16.8% year-over-year, from $1.13B to $1.32B.
What is the long-term trend for Northern Trust's asset servicing segment — revenues, net of interest expense?
Over 3 years (2022 to 2025), Northern Trust's asset servicing segment — revenues, net of interest expense has grown at a 5.1% compound annual growth rate (CAGR), from $4.1B to $4.76B.
What does asset servicing segment — revenues, net of interest expense mean?
This is the total revenue generated by the Asset Servicing segment, calculated as the sum of noninterest income and net interest income. It represents the comprehensive top-line performance of the segment before accounting for operating expenses and provisions. It is the primary measure of the segment's total financial scale.