🚀 VC round data is live in beta, check it out!
Northern Trust Valuation Multiples
Discover revenue and EBITDA valuation multiples for Northern Trust and similar public comparables like Raymond James, Partners Group, Ares Management, Itaúsa and more.
Northern Trust Overview
About Northern Trust
Northern Trust is a leading provider of wealth management, asset servicing, asset management, and banking to corporations, institutions, affluent families, and individuals. Founded in Chicago in 1889, Northern Trust has offices in 20 states and Washington, D.C. as well as 23 locations in Canada, Europe, the Middle East, and Asia-Pacific. As of December 2025, Northern Trust had assets under custody or administration of $18.7 trillion and assets under management of $1.8 trillion.
Founded
1971
HQ
Employees
23.8K
Website
Sectors
Financials (LTM)
EV
$42B
Northern Trust Financials
Northern Trust reported last 12-month revenue of $8B.
In the same LTM period, Northern Trust generated $2B in net income.
Revenue (LTM)
Northern Trust P&L
In the most recent fiscal year, Northern Trust reported revenue of $8B and net income of $2B.
Northern Trust expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $8B | XXX | $8B | XXX | XXX | XXX |
| EBIT Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 22% | XXX | 21% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Northern Trust Stock Performance
Northern Trust has current market cap of $29B, and enterprise value of $42B.
Market Cap Evolution
Northern Trust's stock price is $159.13.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $42B | $29B | 0.0% | XXX | XXX | XXX | $9.37 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialNorthern Trust Valuation Multiples
Northern Trust trades at 5.0x EV/Revenue multiple.
EV / Revenue (LTM)
Northern Trust Financial Valuation Multiples
As of April 20, 2026, Northern Trust has market cap of $29B and EV of $42B.
Equity research analysts estimate Northern Trust's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Northern Trust has a P/E ratio of 16.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $29B | XXX | $29B | XXX | XXX | XXX |
| EV (current) | $42B | XXX | $42B | XXX | XXX | XXX |
| EV/Revenue | 5.0x | XXX | 5.1x | XXX | XXX | XXX |
| EV/EBIT | 16.9x | XXX | 17.4x | XXX | XXX | XXX |
| P/E | 16.6x | XXX | 17.0x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 8.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Northern Trust Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Northern Trust Margins & Growth Rates
Northern Trust's revenue in the last 12 month grew by 5%.
Northern Trust's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Northern Trust Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 6% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 38% | XXX | XXX | XXX |
| Opex to Revenue | 70% | XXX | 71% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Northern Trust Public Comps
See public comps and valuation multiples for other Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Northern Trust | XXX | XXX | XXX | XXX | XXX | XXX |
| Raymond James | XXX | XXX | XXX | XXX | XXX | XXX |
| Partners Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Ares Management | XXX | XXX | XXX | XXX | XXX | XXX |
| Itaúsa | XXX | XXX | XXX | XXX | XXX | XXX |
| Power Corporation of Canada | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Northern Trust M&A Activity
Northern Trust acquired XXX companies to date.
Last acquisition by Northern Trust was on XXXXXXXX, XXXXX. Northern Trust acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Northern Trust
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialNorthern Trust Investment Activity
Northern Trust invested in XXX companies to date.
Northern Trust made its latest investment on XXXXXXXX, XXXXX. Northern Trust invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Northern Trust
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Northern Trust
| When was Northern Trust founded? | Northern Trust was founded in 1971. |
| Where is Northern Trust headquartered? | Northern Trust is headquartered in United States. |
| How many employees does Northern Trust have? | As of today, Northern Trust has over 23K employees. |
| Who is the CEO of Northern Trust? | Northern Trust's CEO is Michael G. O’Grady. |
| Is Northern Trust publicly listed? | Yes, Northern Trust is a public company listed on Nasdaq. |
| What is the stock symbol of Northern Trust? | Northern Trust trades under NTRS ticker. |
| When did Northern Trust go public? | Northern Trust went public in 1975. |
| Who are competitors of Northern Trust? | Northern Trust main competitors are Raymond James, Partners Group, Ares Management, Itaúsa. |
| What is the current market cap of Northern Trust? | Northern Trust's current market cap is $29B. |
| What is the current revenue of Northern Trust? | Northern Trust's last 12 months revenue is $8B. |
| What is the current revenue growth of Northern Trust? | Northern Trust revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Northern Trust? | Current revenue multiple of Northern Trust is 5.0x. |
| Is Northern Trust profitable? | Yes, Northern Trust is net-income-positive (as of the last 12 months). |
| What is the current net income of Northern Trust? | Northern Trust's last 12 months net income is $2B. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.