# NORTHERN TRUST CORP (NTRS) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from NORTHERN TRUST CORP's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/NTRS/mda/fy2025/): filed 2026-02-24; accession 0000073124-26-000016 (https://www.sec.gov/Archives/edgar/data/73124/000007312426000016/ntrs-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/NTRS/mda/fy2024/): filed 2025-02-24; accession 0000073124-25-000105 (https://www.sec.gov/Archives/edgar/data/73124/000007312425000105/ntrs-20241231.htm)
- [FY 2023 MD&A](/company/NTRS/mda/fy2023/): filed 2024-02-27; accession 0000073124-24-000073 (https://www.sec.gov/Archives/edgar/data/73124/000007312424000073/ntrs-20231231.htm)
- [FY 2022 MD&A](/company/NTRS/mda/fy2022/): filed 2023-02-28; accession 0000073124-23-000049 (https://www.sec.gov/Archives/edgar/data/73124/000007312423000049/ntrs-20221231.htm)
- [FY 2021 MD&A](/company/NTRS/mda/fy2021/): filed 2022-02-28; accession 0000073124-22-000071 (https://www.sec.gov/Archives/edgar/data/73124/000007312422000071/ntrs-20211231.htm)

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