Filing Flows › Northern Trust (NTRS) › Operating margin
Northern Trust (NTRS) operating margin by quarter
Northern Trust's operating margin was 34.7% in Q3 2026 (third quarter 2026), -4.7 pts from Q2 2026. Over the last 7 quarters it ranged from 26.9% (Q1 2025) to 39.5% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 34.7% | -4.7 pts | +4.1 pts |
| Q2 2026 | 39.5% | +7.7 pts | +11.2 pts |
| Q1 2026 | 31.8% | +1.9 pts | +4.9 pts |
| Q4 2025 | 29.9% | -0.7 pts | — |
| Q3 2025 | 30.6% | +2.3 pts | — |
| Q2 2025 | 28.3% | +1.4 pts | — |
| Q1 2025 | 26.9% | — | — |
Q3 2026 at a glance
Northern Trust, Q3 2026: revenue $2.3B (+13% year over year), operating margin 34.7%, net earnings $643M, operating cash flow $1.8B. The chart follows the revenue to costs, profit and cash.
Questions
What is Northern Trust's operating margin?
Northern Trust's operating margin was 34.7% in Q3 2026 (third quarter 2026), -4.7 pts from Q2 2026.
How has Northern Trust's operating margin changed?
Over the last 7 quarters it ranged from 26.9% (Q1 2025) to 39.5% (Q2 2026).