Northern Trust (NTRS) Revenue — Quarter Ended Sep 30, 2024
Revenue increased for the quarter, extending a recent upward trend. Both sequential and year-over-year comparisons showed growth.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased for the quarter, extending a recent upward trend. Both sequential and year-over-year comparisons showed growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
+2.6%
Change from the immediately preceding quarter.
Year-over-year
+7.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.6B
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 |
|---|---|---|
| Dec 31, 2023 | $1.1B | +4.6% |
| Mar 31, 2024 | $1.1B | +7.5% |
| Jun 30, 2024 | $1.2B | +6.4% |
| Sep 30, 2024 | $1.2B | +7.6% |
Revenue performance
The reported revenue rose, with the filing indicating that both noninterest income and net interest income contributed to the improvement compared to the same period last year.
Quarterly comparison
Compared to the prior quarter, revenue improved modestly. Versus the same quarter a year earlier, revenue was notably higher.
What to watch
The sustained sequential revenue growth may warrant attention for signs of continued momentum.