NTRS Q3 2023 Earnings — Northern Trust Corporation Revenue & Financial Results | Market Cap Arena

NTRSNorthern Trust Corporation

$26B

Q3 2023 Earnings

Financial Services Asset Management

Income Statement

Revenue

$3.2B+57.0% YoY

Gross Profit

$1.7B53.4% margin

Operating Income

$434M13.5% margin

Net Income

$328M10.2% margin

EPS (Diluted)

$1.49

QoQ Revenue Growth

+7.5%

Cash Flow

Operating Cash Flow

$87M

Free Cash Flow

-$78M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$146.3B

Total Liabilities

$134.5B

Stockholders' Equity

$11.8B

Cash & Equivalents

$39.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.2B	$2.0B	+57.0%
Gross Profit	$1.7B	$1.8B	-2.4%
Operating Income	$434M	$525M	-17.2%
Net Income	$328M	$395M	-17.0%

Revenue Segments

Asset Servicing Segment

$1.0B59%

Wealth Management

$710M41%