Strong Revenue Growth
Revenue grew 10.5% year-over-year from $1.21B to $1.34B in Q1 FY2026, reflecting broad-based strength across Northern Trust's wealth management and asset servicing businesses.
来源: 10-Q Financial Data, Income Statement
该报告暂无中文版，以下为英文版分析。
按公开的固定规则计算，不是模型的主观判断——但其中一项输入（高等级风险的条数）取自下方的 AI 分析。
非投资建议，也不是目标价——评的是本季基本面，不是股价。 完整方法论 →
AI核心结论
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.
营收
13.41亿美元
同比 +10.51%
每股收益（稀释）
2.71美元
同比 +42.63%
SEC XBRL 原值
Northern Trust (NTRS) Q1 FY2026 营收 13.41亿美元，同比增长 10.5%。 经营活动现金流净流出 3.2亿美元。 NTRS 的财年 Q1 FY2026 对应日历 Q1 2026。
近 4 个季度：3 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月 | 2.97 | 2.76 | 超预期 +7.5% |
| 2026年3月本次财报 | 2.71 | 2.37 | 超预期 +14.3% |
| 2025年12月 | 2.69 | 2.41 | 超预期 +11.5% |
| 2025年9月 | 2.29 | 2.29 | 不及预期 -0.0% |
2026年3月 实际 EPS 2.71美元，分析师一致预期 2.37美元，超预期 +14.3%。
由 AI 基于本次 SEC 报告整理
Revenue grew 10.5% year-over-year from $1.21B to $1.34B in Q1 FY2026, reflecting broad-based strength across Northern Trust's wealth management and asset servicing businesses.
来源: 10-Q Financial Data, Income Statement
Net income jumped 34.1% YoY to $525.5M, with net margin expanding to approximately 39.2%, indicating meaningful operating leverage and improved profitability relative to revenue growth.
来源: 10-Q Financial Data, Income Statement
Basic EPS rose 42.4% YoY to $2.72 (diluted: $2.71), outpacing net income growth and suggesting share buybacks contributed to per-share earnings improvement alongside organic profit growth.
来源: 10-Q Financial Data, Income Statement
Total assets grew 5.8% YoY to $174.6B, while stockholders' equity increased modestly by 0.8% to $13.0B, reflecting the company's continued growth in its custodial and banking operations.
来源: 10-Q Financial Data, Balance Sheet
Operating cash flow turned sharply negative at -$320M in Q1 FY2026 compared to +$2.75B in the prior year period, a swing of over $3B that warrants attention and may reflect timing differences in working capital or securities settlements typical for custodial banks.
来源: 10-Q Financial Data, Cash Flow Statement
由 AI 基于本次 SEC 报告整理 · 高 2 中 3 低 0
Operating cash flow swung from +$2.75B to -$320M YoY, a decline of over 111%. While this may reflect timing differences in custodial bank operations, sustained negative operating cash flow could pressure liquidity and capital allocation flexibility.
来源: 10-Q Financial Data, Cash Flow Statement
The debt-to-equity ratio stands at approximately 12.4x, which is characteristic of large custodial banks but leaves the company sensitive to interest rate changes, credit market disruptions, and regulatory capital requirements. Any deterioration in asset quality could disproportionately impact equity.
来源: 10-Q Financial Data, Balance Sheet
ROA of approximately 0.30% reflects the asset-heavy nature of Northern Trust's custodial banking model, where $174.6B in assets generate relatively thin returns. This limits the margin of safety if revenues decline or credit losses emerge.
来源: 10-Q Financial Data, Key Ratios
Total assets grew 5.8% YoY while stockholders' equity grew only 0.8%, meaning the balance sheet is expanding faster than the equity cushion. This increases leverage and could attract regulatory scrutiny around capital adequacy.
来源: 10-Q Financial Data, Balance Sheet
Northern Trust repurchased $358.9M in shares (up 25% YoY) even as operating cash flow turned negative, funded partly by investing and financing activities. Continuing buybacks under cash flow pressure could constrain future capital flexibility.
来源: 10-Q Financial Data, Cash Flow Statement
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 13.41 亿美元 | 12.14 亿美元 | +10.51% |
净利润 亿美元 | 5.26 亿美元 | 3.92 亿美元 | +34.06% |
每股收益（基本） 美元 | 2.72 美元 | 1.91 美元 | +42.41% |
每股收益（稀释） 美元 | 2.71 美元 | 1.90 美元 | +42.63% |
答案基于本次 SEC 报告与本页数据