Stocks · Financial Services · Asset Management
Northern Trust Corporation NTRS
$170.67 -0.43% Close, Oct 5, 2026 · NASDAQ · Market cap $31.36B
Next earnings report: Oct 21, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 11 quarters (average surprise over the last four: +10.3%).
- Diluted EPS over the last four quarters was $11.65, up 36.9% year over year.
- The stock is in an uptrend: above its 200-day average for 354 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
Growth62Neutral
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 36%
- EPS growth (TTM, YoY)Top 29%
- FCF growth (TTM, YoY)Bottom 7%
- Revenue growth, 3-year CAGRTop 24%
- Revenue growth accelerationTop 9%
Quality37Weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 49%
- Gross marginBottom 37%
- Operating marginBottom 46%
- Cash conversion (OCF / net income)Bottom 22%
- Accruals (lower is better)Bottom 23%
- Net debt / EBITDA (lower is better)Top 4%
- Interest coverBottom 25%
Value43Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 48%
- Free-cash-flow yieldBottom 26%
- P/E vs own 5-year history (lower is better)Top 44%
Momentum73Positive
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 15%
- 6-month returnTop 19%
- 1-year return vs S&P 500Top 22%
- Distance from 52-week highBottom 42%
- Trend checklist (0–4)Top 48%
Revisions64Neutral
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 26%
- Consecutive EPS beatsTop 8%
- Share of analysts rating BuyBottom 33%
- Upside to consensus price targetBottom 27%
Stability59Neutral
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 44%
- Maximum drawdown, 3 yearsTop 39%
- Beta vs S&P 500 (lower is better)Bottom 20%
- Net debt / EBITDA (lower is better)Top 4%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -7.9% | 3.1% | ↑ |
| EPS growth (YoY) | -10.9% | 36.9% | ↑ |
| Gross margin | 53.3% | 59.8% | ↑ |
| Operating margin | 15.5% | 19.8% | ↑ |
| FCF margin | 11.9% | 0.9% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 3.1% | -7.9% | ↑ | Bottom 36% |
| EPS growth (TTM, YoY) | 36.9% | -10.9% | ↑ | Top 29% |
| Gross margin | 59.8% | 53.3% | ↑ | Bottom 37% |
| Operating margin | 19.8% | 15.5% | ↑ | Bottom 46% |
| Net margin | 14.8% | 11.8% | ↑ | — |
| Free-cash-flow margin | 0.9% | 11.9% | ↓ | — |
| Return on invested capital | 1.2% | — | Bottom 49% | |
| Revenue growth, 3-year CAGR | 22.6% | — | Top 24% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.24×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 1.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -9.72×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.92%
- Net buyback yield (TTM)
- 4.31%
- Shareholder yield
- 6.23%
- Share count change, 1 year
- -4.4%
- Share count change, 3-year CAGR
- -3.8%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 11
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +10.3%
- Average 2-day reaction, last 8
- +2.3%
- Positive 20 days after report
- 7 of 8
Analysts
- Consensus price target
- $183.83
- Target vs current price
- +7.7%
- Analysts with a rating
- 35
- Share rating Buy or Strong Buy
- 34%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 22, 2026 | +9.6% | -3.5% | -2.3% | +3.0% | — |
| Apr 21, 2026 | +16.8% | +8.0% | +5.5% | +3.9% | +18.6% |
| Jan 22, 2026 | +13.5% | +6.0% | +4.0% | +0.4% | +10.2% |
| Oct 22, 2025 | +1.3% | -2.4% | -0.9% | -2.9% | +13.3% |
| Jul 23, 2025 | +3.4% | -1.8% | +4.0% | +0.7% | +2.6% |
| Apr 22, 2025 | +2.7% | +3.0% | +6.6% | +24.4% | +46.4% |
| Jan 23, 2025 | +15.3% | +2.0% | +4.9% | +5.7% | -17.8% |
| Oct 23, 2024 | +15.5% | +7.0% | +6.8% | +12.6% | +12.5% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 22, 2026 | $2.97 | $2.71 | +9.6% | $2.71B |
| Apr 21, 2026 | $2.71 | $2.32 | +16.8% | $2.21B |
| Jan 22, 2026 | $2.69 | $2.37 | +13.5% | $2.14B |
| Oct 22, 2025 | $2.29 | $2.26 | +1.3% | $3.58B |
| Jul 23, 2025 | $2.13 | $2.06 | +3.4% | $3.60B |
| Apr 22, 2025 | $1.90 | $1.85 | +2.7% | $3.51B |
| Jan 23, 2025 | $2.26 | $1.96 | +15.3% | $1.96B |
| Oct 23, 2024 | $2.01 | $1.74 | +15.5% | $1.41B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 14.6× | 14.8× | 48th | Top 48% |
| P/E (forward) | 14.8× | — | — | — |
| Free-cash-flow yield | 0.42% | — | — | Bottom 26% |
| Earnings yield | 6.83% | — | — | Top 48% |
P/E over the past five years
Range 8.8× – 19.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +28.1%
- Earnings per share growth (TTM)
- +36.9%
- Change in P/E multiple
- +1.4%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 354
- 50-day average slope (20 days)
- -0.9%
- 200-day average slope (20 days)
- +2.8%
- Distance from 50-day average
- -6.3%
- Distance from 200-day average
- +4.7%
- RSI (14)
- 35.4
- Relative volume
- 0.88×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 22.1%
- Volatility vs own 5-year history
- 9th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.03
- Correlation with S&P 500
- 0.65
- Current drawdown from 1-year high
- -10.9%
- Maximum drawdown, 3 years
- -25.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 14, 2022 | Oct 25, 2023 | -52.8% | 446 days | 482 days (Sep 29, 2025) |
| Jun 1, 2021 | Sep 21, 2021 | -14.0% | 78 days | 21 days (Oct 20, 2021) |
| Feb 9, 2026 | Mar 18, 2026 | -12.9% | 26 days | 18 days (Apr 14, 2026) |
| Aug 17, 2026 | Oct 1, 2026 | -11.6% | 32 days | Not yet recovered |
| Oct 16, 2020 | Oct 28, 2020 | -11.0% | 8 days | 8 days (Nov 9, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $31.36B
- P/E (TTM)
- 14.6
- EPS, diluted (TTM)
- $11.65
- Revenue (TTM)
- $15.18B
- Dividend yield
- 1.92%
- 52-week range
- $121.12 – $195.78
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $6.49B | $7.75B | $12.12B | $15.88B | $14.30B |
| Gross profit | $6.55B | $6.75B | $6.75B | $8.29B | $8.09B |
| Operating income | $2.01B | $1.77B | $1.46B | $2.66B | $2.33B |
| Net income | $1.55B | $1.34B | $1.11B | $2.03B | $1.74B |
| EPS (diluted) | $7.14 | $6.14 | $5.08 | $9.77 | $8.74 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.94B | $3.68B | $3.51B | $3.60B | $3.58B | $3.61B | $3.79B | $4.21B |
| Net income | $464.9M | $455.4M | $392.0M | $421.3M | $457.6M | $466.0M | $525.5M | $792.2M |
| EPS (diluted) | $2.22 | $2.26 | $1.90 | $2.13 | $2.29 | $2.42 | $2.71 | $4.23 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.36B | $2.39B | $2.63B | -$486.0M | $5.53B |
| Capital expenditure | -$515.1M | -$723.5M | -$675.8M | -$745.5M | -$74.0M |
| Free cash flow | $840.9M | $1.67B | $1.95B | -$1.23B | $5.46B |
| Dividends paid | -$583.3M | -$750.2M | -$621.5M | -$602.3M | -$591.6M |
| Net share buybacks | -$267.6M | -$35.4M | -$347.5M | -$937.8M | -$1.27B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $51.76B
- Total assets
- $179.30B
- Total liabilities
- $165.90B
- Total debt
- $15.76B
- Net debt
- -$35.99B
- Shareholders’ equity
- $13.40B
As of Jun 30, 2026 (filed Jul 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 4, 2026 | $0.88 | Oct 1, 2026 |
| Jun 5, 2026 | $0.80 | Jul 1, 2026 |
| Mar 6, 2026 | $0.80 | Apr 1, 2026 |
| Dec 5, 2025 | $0.80 | Jan 1, 2026 |
| Sep 5, 2025 | $0.80 | Oct 1, 2025 |
| Jun 6, 2025 | $0.75 | Jul 1, 2025 |
| Mar 14, 2025 | $0.75 | Apr 1, 2025 |
| Dec 6, 2024 | $0.75 | Jan 1, 2025 |
Short interest
- Shares sold short
- 3,931,230
- Days to cover
- 4.27
- Change vs previous report
- +5.2%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Dec 10, 1999
- 2-for-1
- Dec 10, 1996
- 2-for-1
- Dec 10, 1992
- 3-for-2
- May 1, 1990
- 2-for-1
- May 1, 1986
- 3-for-1