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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 3.66B | 109.8% |
Gross Profit | 2.13B | 459.9% |
Cost of Revenue | 1.53B | 12.4% |
Operating expense | 362M | 5% |
Net Income | 896M | 317.4% |
EBITDA | -97M | 421.5% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 157B | 0.4% |
Total Liabilities | 144B | 0.1% |
Total Equity | 12.7B | 4.6% |
Shares Outstanding | 202M | 1.4% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 2.99B | 305.9% |
Cash from investing | 951M | 119.8% |
Cash from financing | -2.64B | 138% |
EPS
Financial Highlights for Northern Trust in Q2 '24
Northern Trust reported a revenue of 3.66B, which is a 109.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.13B, marking a 459.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.53B, a 12.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 362M, showing a -5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 896M, showing a 317.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -97M, showing a -421.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Northern Trust with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.