NTRSNasdaq,NasdaqSEC EDGAREDGAR

NORTHERN TRUST CORP

State Commercial Banks·CHICAGO, IL·FY end 12/31·CIK 73124

CEO Pay Ratio

150:1

Michael G. O’Grady

CEO Total Comp

$10.9M

Michael G. O’Grady

Median Employee

$72,673

Revenue

$8.1B

FY 2025

Net Income

$1.7B

FY 2025

Free Cash Flow

$5.5B

FY 2025

Net Margin

21.5%

Insider Net (180d)

-$3.7M

1 buys / 3 sales

CEO Pay Accountability

CEO comp as % of net income

0.54%

For every $1,000 of profit, $5.38 flows to the CEO.

CEO comp as % of buybacks

1.17%

CEO comp equals 11.7‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$8.1B	$8.3B	$6.8B	$6.8B	$6.5B
Gross Profit	—	—	—	—	—	—
Operating Income	—	—	—	—	—	—
Net Income	$1.7B	$2.0B	$1.1B	$1.3B	$1.5B
Operating CF	$5.5B	-$486.0M	$2.6B	$2.4B	$1.4B
Capex	$74.0M	$101.5M	$116.5M	$128.6M	$95.5M
Free Cash Flow	$5.5B	-$587.5M	$2.5B	$2.3B	$1.3B
Buybacks	$1.3B	$937.8M	$347.5M	$35.4M	$267.6M
Dividends	$591.6M	$602.3M	$621.5M	$750.2M	$583.3M

Gross Margin	—	—	—	—	—	—
Operating Margin	—	—	—	—	—	—
Net Margin	21.5%	24.5%	16.3%	19.8%	23.9%
FCF Margin	67.5%	-7.1%	37.0%	33.5%	19.5%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	25.8%	23.6%	24.4%	24.4%	23.1%
Debt / Equity	—	—	—	—	—	—
Buybacks / FCF	23.3%	-159.6%	13.8%	1.6%	21.2%

FY 2024

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Michael G. O’GradyChairman and Chief Executive Officer	$1.0M	$7.7M	—	$2.0M	$179.7K	$10.9M
Daniel E. GambaPresident, Asset Management	$675.0K	$2.7M	—	$1.2M	$84.6K	$4.7M
Peter B. CherecwichChief Operating Officer	$675.0K	$2.7M	—	$1.1M	$147.4K	$4.6M
Steven L. FradkinVice Chairman	$675.0K	$2.7M	—	$1.1M	$25.1K	$4.5M
Jason J. TylerPresident, Wealth Management (Former Chief Financial Officer)	$600.0K	$2.3M	—	$1.0M	$171.4K	$4.1M
David W. FoxJr. Chief Financial Officer	$560.0K	$726.0K	—	$657.0K	$74.2K	$2.0M