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Northern Trust NTRS Trust Fees Receivable, net — Total Client Receivables

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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:ContractWithCustomerAssetNet.

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 — total client receivables?
Northern Trust (NTRS) reported trust fees receivable, net — total client receivables of $1.01B in Q1 2026.
How has Northern Trust's trust fees receivable, net — total client receivables changed year-over-year?
Northern Trust's trust fees receivable, net — total client receivables increased by 4.0% year-over-year, from $975M to $1.01B.
What is the long-term trend for Northern Trust's trust fees receivable, net — total client receivables?
Over 4 years (2021 to 2025), Northern Trust's trust fees receivable, net — total client receivables has grown at a 1.2% compound annual growth rate (CAGR), from $3.69B to $3.87B.
What does trust fees receivable, net — total client receivables mean?
This metric represents the total outstanding balance of fees owed to the firm by clients for trust, custody, and asset management services provided. It reflects the aggregate amount of earned revenue that has been billed but not yet collected from institutional and individual clients. Monitoring this balance provides insight into the firm's billing cycle efficiency and the credit exposure associated with its core fee-based service offerings.