Northern Trust Corporation (NTRS)

Northern Trust Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,870	1,737	2,031	1,107	1,336	1,545
Depreciation & Amortization	785.5	779.1	716.8	634.6	553.6	515.6
Provision for Credit Losses	-11.5	-7.5	-3	24.5	12	-81.5
Other Adjustments	-85	-119.8	146.4	59.5	-45.4	128
Changes in Accrued Interest and Accounts Receivable	-1.4	-42.6	-6.1	12	57.9	-460.9
Changes in Accounts Payable	-40.2	-24.8	-41.9	85.8	172.6	-7.8
Changes in Other Operating Activities	-144.2	3,212	-3,329	701.9	305.7	-282.7
Operating Cash Flow	2,464	5,534	-486	2,626	2,392	1,356
Operating Cash Flow Growth	-33.71%	-	-	9.75%	76.43%	-28.51%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements	-1,504	-2,176	276.6	317.4	-451	897.7
Net Change in Loans Held-for-Investment	-1,636	1,521	4,166	-4,702	-2,442	-6,745
Net Change in Securities and Investments	-9,307	-4,768	-1,677	3,644	6,782	-3,650
Capital Expenditures	-71	-74	-101.5	-116.5	-128.6	-95.5
Purchases of Intangible Assets	-739.2	-700.2	-644	-559.3	-594.9	-419.6
Other Investing Activities	6,563	-13,973	-4,583	6,201	22,764	-8,591
Investing Cash Flow	-6,398	-20,170	-2,564	4,784	25,930	-18,603

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Change in Deposits	7,103	16,809	6,331	-8,478	-32,997	17,886
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	-408.3	-188.2	-1,209	1,366	1,932	232.1
Short-Term Debt Issued	1,221	566.8	-103.8	-1,059	3,967	-426.5
Net Short-Term Debt Issued (Repaid)	1,221	566.8	-103.8	-1,059	3,967	-426.5
Long-Term Debt Issued	-	1,250	-	2,000	1,989	53.8
Long-Term Debt Repaid	-	-1,350	-	-	-500	-778.8
Net Long-Term Debt Issued (Repaid)	-	-100.2	-	2,000	1,489	-725
Issuance of Common Stock	4.6	6.4	9.4	2.3	3.9	53.8
Repurchase of Common Stock	-1,345	-1,274	-937.8	-347.5	-35.4	-267.6
Net Common Stock Issued (Repurchased)	-1,341	-1,267	-928.4	-345.2	-31.5	-213.8
Common Dividends Paid	-594	-591.6	-602.3	-621.5	-750.2	-583.3
Preferred Share Dividends Paid	-41.8	-41.8	-41.8	-41.8	-46.5	-41.8
Other Financing Activities	-10.3	-11.1	-6.4	-2.7	-	0.1
Financing Cash Flow	5,229	15,176	3,440	-7,183	-26,437	16,074

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	153.3	656.4	-504.3	-89.8	-287.4	-159.6
Net Cash Flow	1,447	1,196	-114.3	137.3	1,597	-1,333

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	2,393	5,460	-587.5	2,509	2,264	1,261
Free Cash Flow Growth	-33.84%	-	-	10.84%	79.59%	-28.42%
FCF Margin	28.61%	67.45%	-7.08%	37.18%	33.54%	19.26%
Free Cash Flow Per Share	12.60	28.40	-2.91	12.09	10.84	6.03

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: Jul 22, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 28, 2026

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