NTRS Q2 2024 Earnings — Northern Trust Corporation Revenue & Financial Results | Market Cap Arena

NTRSNorthern Trust Corporation

$26B

Q2 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$4.7B+57.7% YoY

Gross Profit

$2.7B57.6% margin

Operating Income

$1.2B25.0% margin

Net Income

$896M19.1% margin

EPS (Diluted)

$4.34

QoQ Revenue Growth

+31.8%

Cash Flow

Operating Cash Flow

$3.0B

Free Cash Flow

$2.8B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$156.8B

Total Liabilities

$144.1B

Stockholders' Equity

$12.7B

Cash & Equivalents

$51.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.7B	$3.0B	+57.7%
Gross Profit	$2.7B	$1.8B	+52.7%
Operating Income	$1.2B	$441M	+166.3%
Net Income	$896M	$332M	+170.1%

Revenue Segments

Asset Servicing Segment

$1.1B57%

Wealth Management

$787M43%