Northern Trust NTRS Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenues, Net of Interest Expense by Business | ||||||
| Asset Servicing Segment | $1.32B+16.8% | $1.28B+13.1% | $1.19B+6.7% | $1.17B+11.0% | $1.13B+6.2% | |
| Wealth Management Segment | $891M+8.6% | $878.2M+4.8% | $846.4M+4.7% | $831.8M+5.8% | $820.3M+5.1% | |
| Net Income by Business | ||||||
| Asset Servicing Segment | $290.1M+57.2% | $255.2M+23.8% | $229.8M+13.9% | $213M+100% | $184.6M+8.1% | |
| Wealth Management Segment | $247.9M+7.9% | $258.2M-1.8% | $258.7M+12.3% | $234M+19.1% | $229.7M+5.0% | |
| Noninterest Income by Business | ||||||
| Asset Servicing Segment | $916.3M+13.9% | $889.2M+9.1% | $849.4M+7.1% | $823.4M+6.6% | $804.4M+4.4% | |
| Wealth Management Segment | $631.5M+10.8% | $611.3M+5.6% | $589.2M+5.3% | $563.5M+4.0% | $570.2M+5.8% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | ||||||
| Asset Servicing Segment | $740.5M+10.2% | $729.6M+8.0% | $706.9M+6.0% | $691.8M+6.3% | $671.9M+5.1% | |
| Wealth Management Segment | $600.9M+10.9% | $577.8M+5.7% | $558.6M+5.5% | $539.3M+4.6% | $541.9M+7.7% | |
| Net Interest Income by Business | ||||||
| Asset Servicing Segment | $401.7M+24.1% | $387.5M+23.7% | $339.9M+5.9% | $347.2M+22.8% | $323.7M+10.7% | |
| Wealth Management Segment | $259.5M+3.8% | $266.9M+3.1% | $257.2M+3.4% | $268.3M+9.8% | $250.1M+3.6% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Asset Servicing Segment | $373.3M+58.5% | $326.5M+23.6% | $294.1M+13.8% | $271.1M+99.9% | $235.5M+7.4% | |
| Wealth Management Segment | $330.2M+8.6% | $341.6M-2.7% | $342.4M+11.5% | $309.6M+17.9% | $304.1M+4.0% | |
| Percentage of Consolidated Net Income by Business | ||||||
| Asset Servicing Segment | 55%+8.0pp | 2%-2.0pp | 50%+7.0pp | 51%+39.0pp | 47%— | |
| Wealth Management Segment | 47%-12.0pp | —— | 57%+7.0pp | 56%+34.0pp | 59%— | |
| Other Noninterest Income (Loss) by Business | ||||||
| Asset Servicing Segment | $84.9M+23.8% | $82M+10.5% | $77M+15.4% | $70.6M+18.9% | $68.6M-3.0% | |
| Wealth Management Segment | $33.8M+0.9% | $36.8M+1.4% | $38.9M+9.6% | $34.6M+15.3% | $33.5M-13.0% | |
| Noninterest Expense by Business | ||||||
| Asset Servicing Segment | $947M+6.3% | $953.3M+9.9% | $901.3M+5.2% | $895.6M-2.1% | $890.5M+4.9% | |
| Wealth Management Segment | $559.2M+8.1% | $542.1M+9.7% | $516.3M+5.6% | $511M-1.4% | $517.1M+5.6% | |
| Provision for Income Taxes by Business | ||||||
| Asset Servicing Segment | $83.2M+63.5% | $71.3M+23.1% | $64.3M+13.4% | $58.1M+99.0% | $50.9M+5.2% | |
| Wealth Management Segment | $82.3M+10.6% | $83.4M-5.4% | $83.7M+9.0% | $75.6M+14.0% | $74.4M+1.1% | |
| Other Segment Items by Business | ||||||
| Asset Servicing Segment | $21.7M-2.7% | $15.9M-36.7% | $18.1M-16.2% | $19.4M-17.8% | $22.3M+4.7% | |
| Wealth Management Segment | $20M-11.1% | $27.1M+27.2% | $21.2M+17.8% | $23.9M+8.1% | $22.5M+23.0% | |
| Foreign Exchange Trading Income by Business | ||||||
| Asset Servicing Segment | $90.9M+42.3% | $77.6M+18.3% | $65.5M+10.1% | $61M-1.9% | $63.9M+6.7% | |
| Wealth Management Segment | -$3.2M+38.5% | -$3.3M+15.4% | -$8.3M-53.7% | -$10.4M-174% | -$5.2M-79.3% | |
| Allocated Expense by Business | ||||||
| Asset Servicing Segment | $788M+10.9% | $834M+19.0% | $763.6M+11.9% | $740.7M+7.5% | $710.3M+8.6% | |
| Wealth Management Segment | $350.9M+13.7% | $332.1M+10.8% | $315.3M+6.1% | $305M-0.9% | $308.6M+4.4% | |
| Outside Services by Business | ||||||
| Asset Servicing Segment | $29.8M-36.2% | $7.9M-81.5% | $24M-45.0% | $43.9M-16.2% | $46.7M-23.6% | |
| Wealth Management Segment | $11M-23.1% | $16.1M+30.9% | $14M+20.7% | $17M+34.9% | $14.3M+41.6% | |
| Compensation and Benefits by Business | ||||||
| Asset Servicing Segment | $107.5M-3.3% | —— | —— | —— | $111.2M— | |
| Wealth Management Segment | $177.3M+3.3% | —— | —— | —— | $171.7M— | |
| Average Assets by Business | ||||||
| Asset Servicing Segment | $125.54B+14.4% | $782.5M+209% | $110.06B+2.5% | $117.04B+8.1% | $109.78B+2.7% | |
| Wealth Management Segment | $39.62B+1.2% | —— | $39.85B+2.9% | $39.09B+0.7% | $39.15B+2.6% | |
| Goodwill by Business | ||||||
| Asset Servicing Segment | $629.1M+1.4% | $632.5M+2.9% | $632.5M+0.8% | $634.2M+2.8% | $620.2M+0.5% | |
| Wealth Management Segment | $80.4M+0.1% | $80.4M+0.1% | $80.4M0.0% | $80.4M+0.1% | $80.3M-0.1% | |
| Average Loans by Business | ||||||
| Asset Servicing Segment | $5.63B-2.0% | $23.5M— | $5.4B-3.8% | $5.81B-10.2% | $5.75B-16.8% | |
| Wealth Management Segment | $35.26B-0.2% | —— | $36.1B+5.3% | $35.35B+2.3% | $35.33B+1.9% | |
| Provision for Credit Losses by Business | ||||||
| Asset Servicing Segment | -$2.3M-210% | -$3.1M-14.8% | -$6.1M-917% | $3.9M-13.3% | $2.1M+136% | |
| Wealth Management Segment | $1.6M+278% | -$5.5M— | -$12.3M-199% | $11.2M+124% | -$900K+47.1% | |
| Foreign Exchange Rates by Business | ||||||
| Asset Servicing Segment | -$3.4M-161% | —— | —— | $14M— | $5.6M+217% | |
| Wealth Management Segment | $0— | —— | —— | $100K+200% | $0— | |
| Average Deposits by Business | ||||||
| Asset Servicing Segment | $102.42B+14.7% | $237.3M+35.5% | $90.2B+4.1% | $95.51B+10.8% | $89.3B+3.0% | |
| Wealth Management Segment | $26.47B+4.7% | $316.3M— | $25.37B+0.8% | $25.29B-3.6% | $25.29B-1.1% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | ||||||
| Custody and Fund Administration | $531.7M+9.6% | $527.7M+8.1% | $515.5M+6.8% | $498.4M+4.4% | $485.1M+3.8% | |
| Investment Management and Advisory | $717.5M+10.8% | $694.4M+6.3% | $668.3M+5.3% | $649.6M+6.6% | $647.4M+9.0% | |
| Other Operating Income | $20.7M+3.5% | $10.6M+2.9% | $10.4M+7.2% | $10.4M+4.0% | $20M+115% | |
| Other | $68.6M+8.2% | $62M+3.7% | $60.2M-2.3% | $62.8M+0.6% | $63.4M+0.6% | |
| Securities Commissions and Trading Income | $50.4M+32.3% | $47.6M-0.8% | $39.5M+27.4% | $37.7M+21.6% | $38.1M+13.1% | |
| Securities Lending | $23.6M+31.8% | $23.3M+10.4% | $21.5M+21.5% | $20.3M+20.1% | $17.9M-3.8% | |
| Other Operating Income(1) by Product | ||||||
| Bank Owned Life Insurance | $19.5M+1.0% | $22M+17.6% | $19.4M+5.4% | $19.6M-8.4% | $19.3M-6.3% | |
| Banking Service Fees | $13.3M-7.0% | $13.6M-4.2% | $14.1M-0.7% | $14.1M+6.0% | $14.3M+7.5% | |
| Loan Service Fees | $12M-12.4% | $12.6M+8.6% | $14.9M+6.4% | $12.5M-8.8% | $13.7M-12.7% | |
| Other Income | $15.3M+364% | —— | $12.2M-81.3% | $10.2M-98.8% | $3.3M-71.1% | |
| Treasury Management Fees | $10.3M+7.3% | —— | —— | —— | $9.6M— | |
| Total Client Receivables by Product | ||||||
| Other | $101.3M+60.0% | $105.6M+63.7% | $80.9M+41.7% | $70.1M+18.0% | $63.3M+32.7% | |
| Trust Fees Receivable, net | $1.01B+4.0% | $956.7M+2.6% | $969M-0.5% | $966.9M+1.2% | $975M+2.7% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Northern Trust break its business down?
- Northern Trust (NTRS) reports revenues, net of interest expense by business across 2 parts — Asset Servicing Segment and Wealth Management Segment. Each is extracted from the segment footnotes and tracked over time.
- Where does Northern Trust's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Northern Trust's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
