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Northern Trust NTRS Equipment and Software

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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$33.69B+40.6%
P/E18×+4.2×
P/S4.1×-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 ntrs:EquipmentAndSoftwareExpense.

The source filing: Northern Trust’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:03 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000073124-26-000035
(In Millions Except Share Information)THREE MONTHS ENDED MARCH 31, 2026THREE MONTHS ENDED MARCH 31, 2025
Noninterest Expense
Compensation and Benefits822.2754.1
Outside Services236.7245.2
Equipment and Software308.1280.9
Occupancy51.353.4
Other Operating Expense89.784.0
Total Noninterest Expense1,508.01,417.6
Income before Income Taxes700.6521.4

Item 1. Consolidated Financial Statements (unaudited)

FAQ

What is Northern Trust's equipment and software?
Northern Trust (NTRS) reported equipment and software of $308.1M in Q1 2026.
How has Northern Trust's equipment and software changed year-over-year?
Northern Trust's equipment and software increased by 9.7% year-over-year, from $280.9M to $308.1M.
What is the long-term trend for Northern Trust's equipment and software?
Over 4 years (2021 to 2025), Northern Trust's equipment and software has grown at a 12.3% compound annual growth rate (CAGR), from $736.3M to $1.17B.
What does equipment and software mean?
This metric covers the costs associated with maintaining, licensing, and upgrading the firm's technological infrastructure and physical equipment. In the context of modern financial services, this is a proxy for digital transformation and operational scalability. It includes software amortization, cloud computing costs, and hardware maintenance.

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