Northern Trust
Financial Performance
Northern Trust Revenue & Financials
Revenue
$7.5B (FY2024)
Employees
23,500
What is Northern Trust's revenue?
Northern Trust had $7.5B in revenue for fiscal year 2024, up 4.2% from 2023.
- Latest revenue
- $7.5B (FY2024)
- Year-over-year
- +4.2%
- Growth rate (CAGR)
- 5.2% over 3 years
- Peak revenue
- $7.5B (FY2024)
- Years of data
- 4
- Employees
- 23,500
- How many employees does Northern Trust have?
- Northern Trust has about 23,500 employees.
Financial Analysis
Northern Trust delivered total revenues of $7.5 billion in 2024, supported by record assets under custody and expanding wealth advisory fees. The bank's pristine credit profile—reflected in some of the highest credit ratings in the global banking sector—enables it to attract institutional deposits without paying high deposit beta premiums, sustaining solid net interest margins.
Revenue Trend Analysis
YoY Change
+4.2%
3-Year CAGR
+5.2%
Peak Year
2024
Trend
Consistent Growth
Northern Trust has 4 full fiscal year figures on this page, compounding at +5.2% annually over 3 years. The most recent year saw a 4.2% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $7.5B. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $7.5B | +4.2% |
| FY2023 | $7.2B | +6.7% |
| FY2022 | $6.8B | +4.8% |
| FY2021 | $6.4B | — |
Click any row to see year details.
Keep researching Northern Trust
Northern Trust Revenue and Financial FAQ
What was Northern Trust's revenue in 2021?
Northern Trust achieved $7.5B in revenue for fiscal year 2021.
Is Northern Trust profitable?
Northern Trust's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Northern Trust growing?
Northern Trust has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Northern Trust fund its capital expenditures?
Northern Trust funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Northern Trust's debt profile?
Northern Trust maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Northern Trust reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Northern Trust Revenue & Financials." CorpDigest, https://corpdigest.com/company/northern-trust/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Northern Trust reported $7.5B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/northern-trust/financials" target="_blank" rel="noopener">CorpDigest — Northern Trust financials</a></div>Related Financial Audits
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