Northern Trust (NTRS) FY2024 results: revenue $8.3 billion, up 22.4% on the year
Northern Trust Corp. (NTRS) reported revenue of $8.3 billion for fiscal 2024, the year ended 31 December 2024, up 22.4% on the year before. Net income was $2.0 billion, up 83.4%, and diluted earnings per share $9.77. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2025.
Revenue
$8.3 billion
+22.4% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$2.0 billion
+83.4% on the year
FY2017FY2024
Diluted EPS
$9.77
+92.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
-486
2,626
2,392
Capital expenditure
102
116
129
-12.9%
Free cash flow
-588
2,509
2,264
Cash from investing
-2,564
4,784
25,930
Cash from financing
3,440
-7,183
-26,437
Depreciation and amortisation
717
635
554
+13.0%
Share-based compensation
119
118
125
+1.0%
Buybacks
938
348
35.4
+169.9%
Dividends paid
602
622
750
-3.1%
Dividend per share
$3.00
$3.00
$2.90
0.0%
Diluted shares, weighted
202m
208m
209m
-2.7%
Shares outstanding at period end
196m
205m
208m
-4.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
12,788
11,898
11,260
+7.5%
Deposits
122,483
116,164
123,932
+5.4%
Debt
15,994
17,236
14,847
-7.2%
Other liabilities
4,244
5,485
4,998
-22.6%
Total liabilities and equity
155,508
150,783
155,037
+3.1%
Fixed assets
490
502
500
-2.4%
Goodwill
695
702
691
-1.1%
Securities held for sale or to maturity
51,298
49,312
26,700
+4.0%
Resale agreements
451
800
1,100
-43.6%
Trading assets
n/a
0.0
95.2
Cash and equivalents
4,677
4,792
4,654
-2.4%
Other assets
97,897
94,676
121,296
+3.4%
Total assets
155,508
150,783
155,037
+3.1%
10-K for the year ended 31 December 2024, filed 24 February 2025: the filing.