NTRS Q1 2023 Earnings — Northern Trust Corporation Revenue & Financial Results | Market Cap Arena

NTRSNorthern Trust Corporation

$26B

Q1 2023 Earnings

Financial Services Asset Management

Income Statement

Revenue

$2.7B+55.1% YoY

Gross Profit

$1.7B64.8% margin

Operating Income

$444M16.6% margin

Net Income

$335M12.5% margin

EPS (Diluted)

$1.51

QoQ Revenue Growth

+23.9%

Cash Flow

Operating Cash Flow

-$165M

Free Cash Flow

-$294M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$151.1B

Total Liabilities

$139.5B

Stockholders' Equity

$11.6B

Cash & Equivalents

$45.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.7B	$1.7B	+55.1%
Gross Profit	$1.7B	$1.7B	+0.8%
Operating Income	$444M	$511M	-13.1%
Net Income	$335M	$389M	-14.1%

Revenue Segments

Asset Servicing Segment

$1.0B59%

Wealth Management

$725M41%