Filing Flows › Northern Trust (NTRS) › Q2 2026 › vs Q1 2026
Northern Trust (NTRS) Q2 2026 vs Q1 2026 (quarter over quarter)
Northern Trust's revenue rose $492M (+22%) from $2.2B in Q1 2026 to $2.7B in Q2 2026. Operating margin 39.5% against 31.8% (+7.7 pts).
Northern Trust, Q2 2026: revenue $2.7B (+35% year over year), operating margin 39.5%, net earnings $792M, operating cash flow −$64.9M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 39.5% | 31.8% | +7.7 pts |
| Net margin | 29.4% | 23.8% | +5.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $2.7B | $2.2B | $492M | +22% |
| Operating profit | $1.1B | $701M | $364M | +52% |
| Costs & expenses | $1.6B | $1.5B | $128M | +9% |
| Pre-tax earnings | $1.1B | $701M | $364M | +52% |
| Sales & marketing | $19.1M | $17.8M | $1.3M | +7% |
| Other operating costs | $1.6B | $1.5B | $127M | +9% |
| Net earnings | $792M | $526M | $267M | +51% |
| Income tax | $272M | $175M | $97.4M | +56% |
| Operating cash sources | $1.1B | $1.1B | −$8.6M | -0.8% |
| Depreciation & amortization | $198M | $197M | $1.3M | +0.7% |
| Share-based compensation | $52.8M | $74.3M | −$21.5M | -29% |
| Cash used in operations | $64.9M | $320M | −$255M | -80% |
| Working capital & other | $1.1B | $1.1B | −$8.6M | -0.8% |
Questions
How much did Northern Trust's revenue grow quarter over quarter in Q2 2026?
Northern Trust's revenue rose $492M (+22%) from $2.2B in Q1 2026 to $2.7B in Q2 2026. Operating margin 39.5% against 31.8% (+7.7 pts).