Northern Trust (NTRS) 10-K Summary — Year Ended Dec 31, 2024
Northern Trust Corporation provides financial services. The filing reports a recent annual revenue increase and net income, while operating cash flow was negative.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Northern Trust Corporation provides financial services. The filing reports a recent annual revenue increase and net income, while operating cash flow was negative.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4.7B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$2B
Net income reported for the year.
Operating cash flow
-$486M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $4.4B | n/a |
| Dec 31, 2022 | $4.4B | +1.6% |
| Dec 31, 2023 | $4.4B | -1.6% |
| Dec 31, 2024 | $4.7B | +8.4% |
Business overview
Northern Trust Corporation operates as a financial holding company. Its business includes asset servicing, asset management, and related banking services for corporations, institutions, and individuals.
Financial performance
The company reported an annual revenue increase compared to the prior period. Net income was reported for the year, but operating cash flow was negative.
Material risks
The filing identifies risk factors including potential impacts from economic conditions, market volatility, and credit exposure. Operational risks and cybersecurity threats are also noted as material concerns.
Liquidity and capital
The filing discusses liquidity and capital adequacy in the management discussion, but no specific capital allocation themes are detailed in the supplied context.
What to watch
Investors should monitor the trend in operating cash flow in the next filing.