NTRS Q2 2023 Earnings — Northern Trust Corporation Revenue & Financial Results | Market Cap Arena

NTRSNorthern Trust Corporation

$26B

Q2 2023 Earnings

Financial Services Asset Management

Income Statement

Revenue

$3.0B+62.9% YoY

Gross Profit

$1.8B59.5% margin

Operating Income

$441M14.8% margin

Net Income

$332M11.1% margin

EPS (Diluted)

$1.56

QoQ Revenue Growth

+11.7%

Cash Flow

Operating Cash Flow

-$99M

Free Cash Flow

-$271M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$156.8B

Total Liabilities

$145.1B

Stockholders' Equity

$11.6B

Cash & Equivalents

$49.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.0B	$1.8B	+62.9%
Gross Profit	$1.8B	$1.8B	+0.7%
Operating Income	$441M	$541M	-18.5%
Net Income	$332M	$396M	-16.3%

Revenue Segments

Asset Servicing Segment

$1.1B59%

Wealth Management

$729M41%