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Northern Trust NTRS Trust Fees Receivable, net — Fee receivable allowance

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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:ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss.

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 trust fees receivable, net — fee receivable allowance?
Northern Trust (NTRS) reported trust fees receivable, net — fee receivable allowance of $5.1M in Q1 2026.
How has Northern Trust's trust fees receivable, net — fee receivable allowance changed year-over-year?
Northern Trust's trust fees receivable, net — fee receivable allowance decreased by 51.4% year-over-year, from $10.5M to $5.1M.
What is the long-term trend for Northern Trust's trust fees receivable, net — fee receivable allowance?
Over 4 years (2021 to 2025), Northern Trust's trust fees receivable, net — fee receivable allowance has grown at a -3.4% compound annual growth rate (CAGR), from $36.1M to $31.4M.
What does trust fees receivable, net — fee receivable allowance mean?
This metric represents the contra-asset account established to account for estimated uncollectible trust and asset management fees. It reflects management's assessment of credit risk and the probability that certain billed fees will not be recovered from clients. Changes in this allowance serve as a leading indicator of potential credit quality deterioration within the firm's client base.