Northern Trust annual net debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Northern Trust Net Debt Growth & History (NTRS)
Northern Trust's net debt was −$5.25B for fiscal 2025.
View full Northern Trust company overviewNorthern Trust annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$5.25B | −$1.22B | — |
| 2024 | 2024-12-31 | −$4.03B | $70.3M | — |
| 2023 | 2023-12-31 | −$4.10B | −$70.7M | — |
| 2022 | 2022-12-31 | −$4.03B | −$1.63B | — |
| 2021 | 2021-12-31 | −$2.39B | $1.30B | — |
| 2020 | 2020-12-31 | −$3.69B | $167.2M | — |
| 2019 | 2019-12-31 | −$3.86B | $725.5M | — |
| 2018 | 2018-12-31 | −$4.58B | −$77.9M | — |
| 2017 | 2017-12-31 | −$4.50B | $805.3M | — |
| 2016 | 2016-12-31 | −$5.31B | — | — |
Northern Trust quarterly net debt
Q4.16
Q4.17
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $8.29B | $1.26B | +17.92% |
| Q1 2026 | 2026-03-31 | $8.25B | — | — |
| Q4 2025 | 2025-12-31 | −$5.25B | −$1.22B | — |
| Q3 2025 | 2025-09-30 | $8.18B | — | — |
| Q2 2025 | 2025-06-30 | $7.03B | — | — |
| Q4 2024 | 2024-12-31 | −$4.03B | $70.3M | — |
| Q4 2023 | 2023-12-31 | −$4.10B | −$70.7M | — |
| Q4 2022 | 2022-12-31 | −$4.03B | −$1.63B | — |
| Q4 2021 | 2021-12-31 | −$2.39B | $1.30B | — |
| Q4 2020 | 2020-12-31 | −$3.69B | $167.2M | — |
| Q4 2019 | 2019-12-31 | −$3.86B | $725.5M | — |
| Q3 2019 | 2019-09-30 | −$4.49B | — | — |
| Q2 2019 | 2019-06-30 | −$4.86B | — | — |
| Q1 2019 | 2019-03-31 | −$4.56B | — | — |
| Q4 2018 | 2018-12-31 | −$4.58B | −$77.9M | — |
| Q4 2017 | 2017-12-31 | −$4.50B | $805.3M | — |
| Q4 2016 | 2016-12-31 | −$5.31B | — | — |
Northern Trust net debt trends
Over the last five fiscal years, Northern Trust's net debt decreased from −$3.69B to −$5.25B, a change of −$1.56B. The latest reported quarter, Q2 2026, shows $8.29B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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