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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.21B | $3.79B | $3.61B | $3.58B | $3.60B | $3.51B | $3.68B | $3.94B |
| Cost of revenue | $1.51B | $1.58B | $1.49B | $1.55B | $1.60B | $1.57B | $1.72B | $1.97B |
| Gross profit | $2.70B | $2.21B | $2.12B | $2.03B | $2.00B | $1.94B | $1.96B | $1.97B |
| Gross margin | 64.1% | 58.3% | 58.8% | 56.6% | 55.5% | 55.2% | 53.3% | 50.0% |
| Selling, general and administrative | $678.30M | $596.10M | $605.60M | $597.40M | $593.20M | $579.50M | $580.00M | $580.50M |
| Operating expenses | $1.64B | $1.51B | $1.50B | $1.42B | $1.42B | $1.42B | $1.38B | $1.36B |
| Operating income | $1.06B | $700.60M | $633.80M | $619.50M | $564.80M | $521.40M | $594.20M | $601.10M |
| Operating margin | 25.3% | 18.5% | 17.6% | 17.3% | 15.7% | 14.8% | 16.2% | 15.3% |
| EBITDA | $1.06B | $700.60M | $633.80M | $619.50M | $564.80M | $521.40M | $594.20M | $601.10M |
| Income before taxes | $1.06B | $700.60M | $633.80M | $619.50M | $564.80M | $521.40M | $594.20M | $601.10M |
| Income taxes | $272.50M | $175.10M | $167.80M | $161.90M | $143.50M | $129.40M | $138.80M | $136.20M |
| Net income | $792.20M | $525.50M | $466.00M | $457.60M | $421.30M | $392.00M | $455.40M | $464.90M |
| Net margin | 18.8% | 13.9% | 12.9% | 12.8% | 11.7% | 11.2% | 12.4% | 11.8% |
| EPS, basic | $4.25 | $2.72 | $2.52 | $2.30 | $2.14 | $1.91 | $2.35 | $2.23 |
| EPS, diluted | $4.23 | $2.71 | $2.51 | $2.29 | $2.13 | $1.90 | $2.34 | $2.22 |
| Diluted shares | 184.89M | 186.54M | 188.49M | 191.00M | 193.37M | 196.12M | 198.06M | 200.55M |
Figures describe Northern Trust shares, not any token. As of Jul 30, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.