How many employees does Northern Trust Corporation have?

Northern Trust Corporation reported 23,800 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 24, 2026. That is up 2.1% from a year earlier.

What is Northern Trust Corporation's revenue per employee?

Northern Trust Corporation brought in $14.3B of revenue in fiscal Dec 2025, which is $601K per employee. That ranks 21 of 29 companies we track in Asset Management, where the median is $941K.

Where do these numbers come from?

Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

Company data

Northern Trust Corporation employees and revenue per employee

NTRS · Asset Management · $31.4B market cap

Northern Trust Corporation had 23,800 employees at the end of fiscal Dec 2025, up 2.1% from a year earlier. Revenue for the year was $14.3B, down 9.9% from a year earlier, or $601K per employee. Revenue fell while headcount grew.

Employees

23,800

+2.1% YoY

Revenue

$14.3B

-9.9% YoY

Revenue / employee

$601K

Peer median $941K

Rank in industry

21 of 29

Asset Management

Headcount against revenue

Both lines start at 100 in the first year we hold, so you can see which one grew faster.

EmployeesRevenueIndexed to 100 in Dec 2016

Hover a year for the numbers.

NTRS employees and revenue by fiscal year
Year ending	Employees	Revenue	Per employee	Staff YoY	Revenue YoY
Dec 2025	23,800	$14.3B	$601K	+2.1%	-9.9%
Dec 2024	23,300	$15.9B	$681K	+0.9%	+31.0%
Dec 2023	23,100	$12.1B	$525K	-2.1%	+56.3%
Dec 2022	23,600	$7.75B	$328K	+11.8%	+19.5%
Dec 2021	21,100	$6.49B	$308K	+1.0%	+3.0%
Dec 2020	20,900	$6.30B	$301K	+5.6%	-8.6%
Dec 2019	19,800	$6.90B	$348K	+5.3%	+3.5%
Dec 2018	18,800	$6.66B	$354K	+3.9%	+16.5%
Dec 2017	18,100	$5.72B	$316K	+5.8%	+13.8%
Dec 2016	17,100	$5.02B	$294K	—	—

Open roles: we have not matched a verified job board for this company yet.

Employees, last six fiscal years

Revenue per employee, last six fiscal years

Northern Trust Corporation against similar companies

The closest industry peers by revenue, from Asset Management.

Company	Employees	Revenue	Revenue / employee	Shape
KKR KKR & Co. Inc.	5,043	$19.2B	$3.81M	Hiring into decline
BX Blackstone Inc.	5,285	$13.8B	$2.62M	Efficient growth
EQH Equitable Holdings, Inc.	8,000	$11.7B	$1.46M	Contracting
AMP Ameriprise Financial, Inc.	13,600	$18.9B	$1.39M	Leaner
BEN Franklin Resources, Inc.	9,800	$8.77B	$895K	Leaner
RJF Raymond James Financial, Inc.	19,500	$15.9B	$816K	Efficient growth
PFG Principal Financial Group, Inc.	19,700	$15.6B	$793K	Contracting
NTRS Northern Trust Corporation	23,800	$14.3B	$601K	Hiring into decline
STT State Street Corporation	52,000	$22.6B	$435K	Leaner

Every Financial Services company

Questions about Northern Trust Corporation

How many employees does Northern Trust Corporation have?: Northern Trust Corporation reported 23,800 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 24, 2026. That is up 2.1% from a year earlier.
What is Northern Trust Corporation's revenue per employee?: Northern Trust Corporation brought in $14.3B of revenue in fiscal Dec 2025, which is $601K per employee. That ranks 21 of 29 companies we track in Asset Management, where the median is $941K.
Where do these numbers come from?: Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

Free game

Think you can pick better than the S&P 500?

Pick 15 stocks, lock them in, and we score them against the index every trading day for ten years. Free, with a public leaderboard.

Enter the challenge

More data

Compare NTRS with the rest of the market

See who earns the most per employee, who is hiring, and who is cutting, across every company we track.

Leaderboard Financial Services

Source: employee counts and revenue as stated in Northern Trust Corporation's annual reports (Form 10-K), latest filed February 24, 2026. This is data, not a recommendation to buy or sell NTRS.