NTRSNorthern Trust Corporation

$26B

Q1 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$3.6B+33.6% YoY

Gross Profit

$1.7B46.4% margin

Operating Income

$291M8.2% margin

Net Income

$215M6.0% margin

EPS (Diluted)

$0.96

QoQ Revenue Growth

+9.3%

Cash Flow

Operating Cash Flow

-$1.5B

Free Cash Flow

-$1.6B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$156.1B

Total Liabilities

$144.0B

Stockholders' Equity

$12.1B

Cash & Equivalents

$47.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.6B	$2.7B	+33.6%
Gross Profit	$1.7B	$1.7B	-4.3%
Operating Income	$291M	$444M	-34.5%
Net Income	$215M	$335M	-35.8%

Revenue Segments

Asset Servicing Segment

$1.1B58%

Wealth Management

$781M42%

NTRS Q1 2024 Earnings — Northern Trust Corporation Revenue & Financial Results | Market Cap Arena