Northern Trust Q3 2026 Net Income Surges 40% as EPS and Revenue Top Estimates

Northern Trust Corporation reported third-quarter 2026 net income of $642.9 million, a 40% increase from the same period a year earlier, with earnings per share of $3.40, up 48% year over year. The results beat analyst expectations by $0.53 per share, and revenue on a fully taxable equivalent basis came in at $2,302.1 million, ahead of consensus estimates and 13% higher than Q3 2025.

Assets under management grew 11% year over year, reflecting favorable market conditions, net client inflows, and new business wins. Noninterest expense rose 5% from a year ago to $1,492.5 million, a more modest pace than revenue growth, pointing to meaningful operating leverage in the quarter.

The results were released before markets opened on October 21, 2026, and were accompanied by a conference call webcast. The strong beat across both earnings and revenue lines underscores the benefit Northern Trust has drawn from higher asset values and sustained client activity heading into the final quarter of the year.