Wall Street analyst estimates for Northern Trust Corporation (NTRS): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Northern Trust Corporation, a financial holding company established in 1889 and based in Chicago, Illinois, offers a comprehensive suite of wealth management, asset servicing, asset management, and banking solutions worldwide. Its diverse client base includes corporations, institutions, families, and individual investors. The company structures its operations across two primary segments: Asset Servicing and Wealth Management.
Consensus price target
$186.00 (+10 % vs price $169.16)
between $177.00 and $194.00 · 4 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $9.5B | $9.5B – $9.6B | $11.86 | 10 |
| 2027E | $9.5B | $9.4B – $9.6B | $12.97 | 10 |
| 2028E | $10.0B | $9.8B – $10.2B | $14.52 | 7 |
Figures in USD · consensus as of November 2, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 12 |
| Hold | 18 |
| Sell | 5 |
| Strong Sell | 0 |
| Total analysts | 35 |
| Avg rating (−2 sell to +2 buy) | 0.20 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-01-21 | $3.06 | ||
| 2026-10-21 | $3.20 | $2.87 | +11.5% |
| 2026-07-22 | $2.97 | $2.71 | +9.6% |
| 2026-04-21 | $2.71 | $2.32 | +16.8% |
| 2026-01-22 | $2.69 | $2.37 | +13.5% |
| 2025-10-22 | $2.29 | $2.26 | +1.3% |
| 2025-07-23 | $2.13 | $2.06 | +3.4% |
| 2025-04-22 | $1.90 | $1.85 | +2.7% |
Valuation Ratios
| P/E Ratio | 13.26 |
| Price / Book | 2.30 |
| Dividend Yield | 1.94% |
Income Statement (10y)
| Year | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.29B | $2.78B | $2.60B | $2.83B | $3.54B | $4.50B | $5.45B | $5.51B | $4.30B | $4.03B | $4.17B | $4.19B | $4.28B | $4.51B | $4.76B | $5.02B | $5.72B | $6.66B | $6.90B | $6.30B | $6.49B | $7.75B | $12.12B | $15.88B | $14.30B |
| Cost of Revenue | $1.15B | $674.0M | $510.0M | $542.1M | $931.7M | $1.52B | $1.96B | $1.51B | $621.2M | $538.0M | $454.5M | $322.4M | $242.4M | $187.4M | $110.9M | $156.0M | $312.2M | $684.2M | $807.5M | $325.3M | -$57.7M | $1.00B | $5.37B | $7.58B | $6.21B |
| Gross Profit | $2.14B | $2.10B | $2.09B | $2.29B | $2.61B | $2.98B | $3.49B | $4.00B | $3.68B | $3.49B | $3.71B | $3.87B | $4.04B | $4.33B | $4.65B | $4.86B | $5.40B | $5.97B | $6.09B | $5.98B | $6.55B | $6.75B | $6.75B | $8.29B | $8.09B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $808.0M | $797.1M | $785.2M | $868.9M | $1.03B | $1.16B | $1.39B | $1.49B | $1.49B | $1.50B | $1.67B | $1.68B | $1.72B | $1.79B | $1.88B | $1.99B | $2.23B | $2.32B | $2.37B | $2.44B | $2.56B | $2.81B | $2.91B | $2.98B | $3.47B |
| Operating Expenses | $1.41B | $1.43B | $1.46B | $1.53B | $1.73B | $1.96B | $2.43B | $2.72B | $2.43B | $2.50B | $2.83B | $2.88B | $2.96B | $3.13B | $3.18B | $3.35B | $3.77B | $4.02B | $4.14B | $4.35B | $4.54B | $4.98B | $5.28B | $5.63B | $5.75B |
| Operating Income | $731.9M | $669.0M | $631.1M | $755.3M | $887.8M | $1.02B | $1.06B | $1.28B | $1.26B | $989.8M | $883.7M | $992.3M | $1.08B | $1.19B | $1.47B | $1.52B | $1.63B | $1.96B | $1.94B | $1.63B | $2.01B | $1.77B | $1.46B | $2.66B | $2.33B |
| EBITDA | $755.7M | $726.7M | $817.4M | $931.7M | $1.08B | $1.22B | $1.27B | $1.50B | $1.50B | $1.24B | $1.15B | $1.28B | $1.39B | $1.53B | $1.82B | $1.89B | $2.06B | $2.42B | $2.40B | $2.13B | $2.53B | $2.32B | $2.10B | $3.38B | $3.11B |
| Interest Expense | $1.09B | $636.5M | $507.5M | $557.1M | $929.2M | $1.50B | $1.94B | $1.40B | $406.2M | $378.0M | $399.5M | $297.4M | $222.4M | $181.4M | $153.9M | $182.0M | $340.2M | $698.7M | $822.0M | $200.3M | $23.8M | $990.5M | $5.34B | $7.59B | $6.21B |
| Pre-tax Income | $731.9M | $669.0M | $631.1M | $755.3M | $887.8M | $1.02B | $1.06B | $1.28B | $1.26B | $989.8M | $883.7M | $992.3M | $1.08B | $1.19B | $1.47B | $1.52B | $1.63B | $1.96B | $1.94B | $1.63B | $2.01B | $1.77B | $1.46B | $2.66B | $2.34B |
| Income Tax | $244.4M | $221.9M | $207.8M | $249.7M | $303.4M | $358.8M | $333.9M | $480.9M | $391.0M | $320.3M | $280.1M | $305.0M | $344.2M | $378.4M | $491.2M | $484.6M | $434.9M | $401.4M | $451.9M | $418.3M | $464.8M | $430.3M | $357.5M | $628.4M | $602.6M |
| Net Income | $487.5M | $447.1M | $404.8M | $505.6M | $584.4M | $665.4M | $726.9M | $794.8M | $864.2M | $669.5M | $603.6M | $687.3M | $731.3M | $811.8M | $973.8M | $1.03B | $1.20B | $1.56B | $1.49B | $1.21B | $1.55B | $1.34B | $1.11B | $2.03B | $1.74B |
| EPS | $2.18 | $2.02 | $1.84 | $2.30 | $2.68 | $3.06 | $3.28 | $3.51 | $3.18 | $2.74 | $2.47 | $2.82 | $3.01 | $3.34 | $4.03 | $4.35 | $4.95 | $6.68 | $6.66 | $5.48 | $7.16 | $6.16 | $5.09 | $9.80 | $8.79 |
| EPS (Diluted) | $2.11 | $1.97 | $1.80 | $2.27 | $2.64 | $3.00 | $3.23 | $3.47 | $3.16 | $2.74 | $2.47 | $2.81 | $2.99 | $3.32 | $3.99 | $4.32 | $4.92 | $6.64 | $6.63 | $5.46 | $7.14 | $6.14 | $5.08 | $9.77 | $8.74 |
| Shares Outstanding (Diluted) | 229.0 M | 225.8 M | 224.1 M | 219.5 M | 221.6 M | 221.8 M | 223.1 M | 224.1 M | 236.4 M | 242.5 M | 241.8 M | 240.9 M | 240.6 M | 237.7 M | 234.2 M | 229.2 M | 229.7 M | 224.5 M | 215.6 M | 209.0 M | 208.9 M | 208.9 M | 207.6 M | 201.9 M | 188.6 M |
Price
| Price | $169.16 (closing price, October 30, 2026) |
| Market Cap | $30.9B |
| Exchange | NASDAQ |
| Country | US |
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Explore sector: Financial Services · Asset Management
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