Company / Interest Expense
Northern Trust Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$5.3B
FY2023
5-year range
$23.8M / $5.3B
FY2019-FY2023
Trend
+439.4%
vs FY2022
Sector context
#5 of 214
Financials
What the data says
Interest Expense changed +439% YoY in FY2023, a notable deviation from the 7-year average annual change of +650%.
Based on SEC 10-K filings.
$5.3B in FY2023 with a 5-year CAGR of +50.2%. Top quartile in the Financials sector.
Increased from $24M to $5.3B over the past 2 years.
Financials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +198.8%
- 5-Year CAGR
- +50.2%
- 10-Year CAGR
- -
Sector benchmark
Bottom 2% in FinancialsTop 98% of 214This company $5.3B Sector average $939.3M
▼
+468.8% above sector average
Key checks
Key Insights
- 5-year CAGR of +50.2%, indicating consistent growth.
- In FY2023, interest expense increased 439.4% year-over-year.
- Ranks #5 out of 214 companies in the Financials sector.
- Lowest interest expense in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score 0.16 (distress zone, below 1.8 threshold)
- Strong profit margin: 21.8%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $5.3B | +439.4% |
| FY2022 | $990.5M | +4061.8% |
| FY2021 | $23.8M | -88.1% |
| FY2020 | $200.3M | -75.6% |
| FY2019 | $822.0M | +17.6% |
| FY2018 | $698.7M | +105.4% |
| FY2017 | $340.2M | +86.9% |
| FY2016 | $182.0M | +18.3% |
As of FY2023 · SEC 10-K · Updated Mar 15, 2026