NASDAQ$NTRS

Northern Trust Corp · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Northern Trust reported Q3 2025 total revenue of $1.98B with net income of $406M and diluted EPS of $2.04.

Total revenue was $1.98 billion as trust fees and net interest income grew. Net income was $406 million; diluted EPS was $2.04. Assets under custody/administration and wealth management flows remained positive.

  • Q3 total revenue $1.98B.
  • Net income $406M; diluted EPS $2.04.
  • Trust and asset servicing fees expanded.
  • Deposit betas and market levels affect NII and fees.

Headline financials

Total Revenue

$2.03B

Previous: $1.97B+2.9%
EPS (adj)

$2.04

Previous: $2.22-8.1%
Return on Average Common Equity

14.8%

Previous: 15.4%-3.9%
Total Assets Under Custody/Administration

$18.2T

No prior period
Total Assets Under Management

$1.77T

No prior period
Capital Expenditures

-$41.2M

Previous: -$60.8M+32.2%
Net Income

$458M

Previous: $465M-1.6%
Operating Income

$625M

Previous: -$244M+356.3%

Revenue & EPS history

Northern Trust · Revenue · Quarterly

$2.03B

Q3 2025+2.9%vs Q3 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Northern Trust · $1.11B total across 2 segments · Q3 2023

  • Asset Servicing
    $626M+3.8%
  • Wealth Management
    $486M+2.2%

Forward guidance

The filing discusses Northern Trust's outlook, including capital allocation, operating priorities, and market risks relevant to the reported quarter.

Tailwinds

  • Northern Trust cites operational priorities and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.
  • Net interest income and fee trends support the earnings base.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.
  • Credit quality, deposit costs, and regulatory capital requirements.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-0.5%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+1.7%

Avg return

30 days after

48%

35 / 73 earnings

Positive

+11.0%

Q2 2023

Best reaction

-11.9%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+4.0%+3.2%+5.1%
Q1 2026+0.6%+3.2%+5.1%
Q3 2025-2.4%-1.8%-1.1%
Q2 2025+2.0%+1.1%+2.7%
Q1 2025+3.0%+5.5%+22.6%
Q4 2024+2.0%+4.7%+5.2%
Q3 2024+7.3%+6.4%+14.3%
Q2 2024-5.0%-4.0%-3.9%
Q1 2024-3.0%-2.7%+2.3%
Q4 2023-2.2%-2.0%-3.6%
Q3 2023-7.2%-9.1%+6.8%
Q2 2023+11.0%+11.0%+7.0%
Q1 2023-11.2%-9.3%-16.7%
Q4 2022-5.7%-4.2%-2.3%
Q3 2022-11.9%-8.7%+5.4%
Q2 2022-3.7%-3.6%-0.7%
Q1 2022+1.9%-2.6%+3.8%
Q4 2021-9.5%-8.3%-5.8%
Q3 2021+3.1%+1.6%-0.7%
Q2 2021-0.9%+0.6%+2.5%
Q1 2021+0.5%+3.1%+11.2%
Q4 2020-0.2%-1.3%+1.6%
Q3 2020+0.0%-4.1%+6.6%
Q2 2020-2.9%-4.0%+2.4%
Q1 2020-4.0%-2.4%-6.8%
Q4 2019-4.1%-9.3%-6.1%
Q3 2019+2.9%+5.1%+9.9%
Q2 2019+4.2%+4.2%-10.8%
Q1 2019+6.4%+6.4%-1.9%
Q4 2018-1.3%+0.4%+2.3%
Q3 2018-6.3%-7.5%-1.8%
Q2 2018+2.6%+4.9%+1.9%
Q1 2018+1.4%+2.6%+3.6%
Q4 2017-1.8%+0.0%-0.3%
Q3 2017+4.3%+4.7%+3.3%
Q2 2017-10.1%-9.7%-9.7%
Q1 2017+2.6%+0.7%-1.2%
Q4 2016-5.3%-6.2%-1.1%
Q3 2016+0.0%+0.0%+14.9%
Q2 2016-0.6%+0.0%+2.2%
Q1 2016+5.8%
Q4 2015-7.7%
Q3 2015-2.1%
Q2 2015-0.1%
Q1 2015+5.2%
Q4 2014+8.9%
Q3 2014-4.0%
Q2 2014-0.2%
Q1 2014-3.6%
Q4 2013+3.3%
Q3 2013+3.7%
Q2 2013-2.7%
Q1 2013-2.0%
Q4 2012-5.2%
Q3 2012+1.7%
Q2 2012-2.3%
Q1 2012+2.4%
Q4 2011+1.3%
Q3 2011-4.6%
Q2 2011+0.3%
Q1 2011+1.1%
Q4 2010-1.1%
Q3 2010-1.1%
Q2 2010+1.2%
Q1 2009-1.3%
Q1 2010+3.6%
Q4 2009+0.6%
Q4 2007+0.6%
Q4 2008+0.6%
Q3 2008-1.2%
Q3 2009-1.2%
Q2 2008+2.3%
Q2 2009+2.3%

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