| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.3K | 0.6% | 9.6% |
| Total Income | 1.3K | 0.6% | 9.6% |
| Expenditure | 284.80 | 55.6% | 57.3% |
| PBT | 1.1K | 52.0% | 88.5% |
| Net Profit | 792.20 | 50.8% | 88.0% |
| OPM | — | ||
| NPM | 58.70% | 19.53pp | 24.48pp |
| EPS | — |
Northern Trust Reports Q2 2026 Net Income of $792.2 Million, Diluted EPS of $4.23
22 Jul 2026 · 22 Jul, 4:31 pm
Summary
Northern Trust Corporation reported strong second quarter 2026 results, with net income rising to $792.2 million and diluted earnings per share reaching $4.23, up significantly from the prior year. Total revenue increased by 35% year-over-year to $2,705.6 million, driven by robust fee growth and double-digit net interest income growth. The company highlighted disciplined execution of its strategy, positive organic trust-fee growth for the eighth consecutive quarter, and well-controlled expenses, generating substantial operating leverage. Management expressed focus on supporting clients, advancing strategic priorities, and delivering long-term value.
Key Highlights
- 1
Northern Trust reported second quarter net income of $792.2 million, a significant increase from $421.3 million in the prior-year quarter.
- 2
Diluted earnings per common share for the second quarter was $4.23, compared to $2.13 in the second quarter of 2025.
- 3
Total Revenue for Q2 2026 reached $2,705.6 million, up 35% year-over-year.
- 4
Trust, Investment and Other Servicing Fees increased by 10% year-over-year to $1,349.5 million.
- 5
Assets under custody/administration grew 11% year-over-year to $20.0 trillion.
- 6
The Corporation returned $499.4 million to common shareholders in the current quarter through dividends and share repurchases.
- 7
Net interest income on a FTE basis increased 11% compared to the prior-year quarter.
Management Comments
Michael O’Grady
Northern Trust delivered another quarter of strong performance reflecting disciplined execution of our One Northern Trust strategy amid a constructive operating environment. Excluding notable items in the period, earnings per share increased 40%. Revenue increased 13% versus last year, supported by robust fee growth, healthy capital markets activity, and double-digit net interest income growth. Our progress against our strategic priorities helped drive an eighth consecutive quarter of positive organic trust-fee growth. Expenses were well controlled, and the Corporation generated more than 700 basis points of operating leverage for the second consecutive quarter. The Corporation returned over $1 billion of capital to shareholders in the first half of the year and its Board of Directors approved a $0.08 or 10% increase to the quarterly dividend at its meeting on July 21st, 2026. We remain focused on supporting our clients, advancing our strategic priorities, and delivering long-term value to our shareholders through sustainable financial performance across market environments as we enter the second half of the year.
Informational and educational content only. Not investment advice.