Northern Trust (NTRS) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential and year-over-year comparisons both showed a decrease.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential and year-over-year comparisons both showed a decrease.
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
+3.1%
Change from the immediately preceding quarter.
Year-over-year
-4.1%
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 |
|---|---|---|
| Sep 30, 2022 | $1.1B | -2.9% |
| Dec 31, 2022 | $1B | -6.2% |
| Mar 31, 2023 | $1.1B | -9.0% |
| Jun 30, 2023 | $1.1B | -4.1% |
Revenue performance
The reported revenue was lower than the prior quarter, continuing a downward trend. Compared with the same period a year ago, revenue also contracted.
Quarterly comparison
Sequentially, revenue decreased from the March quarter. On a year-over-year basis, revenue was down relative to the June quarter of the prior year.
What to watch
Revenue has declined sequentially in each of the past four quarters, which may warrant attention for sustained trends.