Northern Trust (NTRS) Revenue — Quarter Ended Mar 31, 2023
Revenue in the latest quarter rose slightly from the prior quarter, yet fell compared with the same quarter a year earlier. The sequential increase reversed a prior decline, while the year-over-year decrease continued a downward trend.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue in the latest quarter rose slightly from the prior quarter, yet fell compared with the same quarter a year earlier. The sequential increase reversed a prior decline, while the year-over-year decrease continued a downward trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+2.1%
Change from the immediately preceding quarter.
Year-over-year
-9.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.1B | +6.3% |
| Sep 30, 2022 | $1.1B | -2.9% |
| Dec 31, 2022 | $1B | -6.2% |
| Mar 31, 2023 | $1.1B | -9.0% |
Revenue performance
Reported revenue improved sequentially, ending a multi-quarter pattern of decline. The year-over-year comparison, however, remained negative.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased. Compared with the same quarter one year earlier, revenue decreased.
What to watch
Monitor whether the sequential revenue improvement can be sustained or if the year-over-year contraction persists.