9.6%$1.35B$1.23B
Revenue Expansion
Revenue grew by 9.6% year-over-year to $1.35B in Q2 FY2026 compared to $1.23B in Q2 FY2025, reflecting solid top-line performance.
Source: 10-Q Income Statement (XBRL)
A fixed rule set over this filing's XBRL figures and the number of high-severity risks found in it — no model judgement.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Northern Trust Corporation reported Q2 FY2026 revenue of $1.35B (up 9.6% YoY) and net income of $792.20M (up 88.0% YoY), offset by a contraction in year-to-date operating cash flow to -$384.90M.
Revenue
$1.35B
+9.62% YoY
Northern Trust (NTRS) reported Q2 FY2026 revenue of $1.35B, up 9.6% year over year. The company posted net income of $792.2M, up 88.0% from a year earlier. NTRS's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Northern Trust delivered strong Q2 FY2026 performance with $1.35B in revenue (+9.6% YoY) and $792.20M in net income (+88.0% YoY), supported by $179.30B in total assets.
Last 4 quarters: 3 beats, 1 miss
Reported EPS of $2.97 versus the $2.76 analyst consensus — a +7.5% beat for Jun 2026.
Revenue grew by 9.6% year-over-year to $1.35B in Q2 FY2026 compared to $1.23B in Q2 FY2025, reflecting solid top-line performance.
Source: 10-Q Income Statement (XBRL)
Net income increased by 88.0% year-over-year to $792.20M from $421.30M in the prior-year quarter, driving a net margin of 58.70%.
Source: 10-Q Income Statement (XBRL)
Cumulative year-to-date operating cash flow dropped to -$384.90M from $4.62B in the prior period, while share buybacks increased by 13.2% year-over-year to $709.50M.
Source: 10-Q Cash Flow Statement (XBRL)
Year-to-date operating cash flow shifted to -$384.90M compared to $4.62B in the prior year period. A sustained deficit in operating cash flows could impact future capital return programs and operational flexibility.
Source: 10-Q Cash Flow Statement (XBRL)
Total liabilities of $165.90B relative to stockholders' equity of $13.40B result in a high Debt to Equity ratio of 12.38. High financial leverage makes the institution sensitive to rate volatility and credit market dislocations.
Source: 10-Q Balance Sheet (XBRL)
Total assets grew 4.3% YoY to $179.30B. Changes in prevailing market interest rates or asset valuations could adversely affect net interest margins and total returns.
Source: 10-Q Balance Sheet (XBRL)
This analysis does not extract a guidance section. Companies issue revenue and EPS outlook in the 8-K press release and on the earnings call rather than in the 10-Q itself — though the filing's management discussion can contain forward-looking statements, which appear in the highlights above where they were material.
Northern Trust (NTRS) is next expected to report on , when the following quarter's results and any updated outlook will be available.
See the NTRS earnings preview — expected date, analyst estimates and what to watch →
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $1.35B | $1.23B | +9.62% |
Net Income | $792.2M | $421.3M | +88.04% |
In Q2 FY2026, Northern Trust reported revenue of $1.35B, up 9.6% year-over-year, and net income of $792.20M, up 88.0% YoY. Net margin reached 58.70%, though year-to-date operating cash flow declined to -$384.90M.
Northern Trust's revenue grew 9.6% year-over-year to $1.35B in Q2 FY2026, compared to $1.23B in the same quarter of the prior fiscal year.
Northern Trust maintains total assets of $179.30B and stockholders' equity of $13.40B as of Q2 FY2026. While net income rose sharply to $792.20M, year-to-date operating cash flow turned negative at -$384.90M, and the firm carries a Debt to Equity ratio of 12.38.
Northern Trust (NTRS) is next expected to report earnings on Oct 21, 2026. The date comes from the analyst earnings calendar and can shift until the company confirms it.
Expected release date, analyst estimates & what to watch
Northern Trust (NTRS) delivered strong Q1 FY2026 results with revenue up 10.5% YoY to $1.34B and net income surging 34.1% to $525.5M, though operating cash flow turned sharply negative at -$320M.
Northern Trust (NTRS) reported a challenging FY2025 with revenue declining 2.5% to $8.09B and net income falling 14.5% to $1.74B, though operating cash flow surged dramatically to $5.53B from negative territory in the prior year.
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