NYSE · Financial Statements

PNC Financial Services Group, Inc. (The) (PNC) Financial Statements

$224.46 NYSE: PNC Market Cap $89.55B

PNC Financial Services Group, Inc. (The) most recently reported annual revenue of $34.0B, net profit of $6.9B. Revenue grew at an average annual rate of 13.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

PNC Financial Services Group, Inc. (The): Revenue rose from $16.4B in 2016 to $34.0B in 2025, a change of +106.9% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 32.0% to 25.0%, a shift of -7.0 percentage points; the most recent year shows net profit of $6.9B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$16.4B$18.0B$19.1B$20.6B$18.3B$19.7B$23.5B$31.9B$33.7B$34.0B
Operating Expenses$11.2B$12.5B$13.6B$15.1B$14.8B$12.7B$16.1B$25.2B$26.5B$25.5B
Operating Profit$5.3B$5.5B$5.5B$5.5B$3.4B$7.0B$7.5B$6.7B$7.2B$8.5B
Operating Margin32.0%30.4%28.8%26.6%18.8%35.5%31.8%21.1%21.5%25.0%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$1.3B$1.7B$2.9B$3.8B$1.4B$487.0M$2.4B$10.4B$12.9B$10.9B
Depreciation$1.2B$1.1B$1.1B$1.3B$1.5B$1.8B$651.0M$217.0M$259.0M$381.0M
Profit Before Tax$5.3B$5.5B$5.5B$5.5B$3.4B$7.0B$7.5B$6.7B$7.2B$8.5B
Tax$24.1M$1.9M$16.9M$16.4M$12.4M$18.1M$18.2M$16.2M$17.8M$17.6M
Net Profit$3.9B$5.3B$5.3B$5.4B$7.5B$5.7B$6.0B$5.6B$5.9B$6.9B
EPS$7.30$10.36$10.71$11.39$6.36$12.70$13.85$12.79$13.74$16.59
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$8.0B$8.5B$8.4B$7.9B$8.8B$8.5B$8.1B$8.4B$8.8B$8.7B$8.6B$9.0B
Operating Expenses$6.2B$7.4B$6.7B$6.1B$7.0B$6.6B$6.3B$6.4B$6.5B$6.4B$6.5B$6.4B
Operating Profit$1.9B$1.1B$1.7B$1.8B$1.9B$1.9B$1.8B$2.0B$2.3B$2.3B$2.2B$2.6B
Operating Margin23.2%12.4%19.8%22.9%21.1%22.3%22.8%24.2%26.1%26.7%25.3%28.7%
Interest$2.8B$3.1B$3.2B$3.3B$3.4B$3.0B$2.7B$2.7B$2.9B$2.6B$2.5B$2.6B
Profit Before Tax$1.9B$1.1B$1.7B$1.8B$1.9B$1.9B$1.8B$2.0B$2.3B$2.3B$2.2B$2.6B
Tax$15.6M$16.3M$18.8M$18.8M$19.2M$14.6M$18.8M$18.8M$20.3M$12.7M$19.0M$20.5M
Net Profit$1.6B$864.0M$1.3B$1.5B$1.5B$1.6B$1.5B$1.6B$1.8B$2.0B$1.8B$2.0B
EPS$3.60$1.85$3.10$3.39$3.49$3.77$3.51$3.85$4.35$4.88$4.13$4.81

Over the 10 years reported for PNC Financial Services Group, Inc. (The), borrowings increased from $53.0B in 2016 to $57.1B in 2025, cash stood at $39.7B in the latest year, shareholders' equity was $2.7B, current assets covered current liabilities 0.11 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$366.4B$380.8B$382.3B$410.3B$466.7B$557.2B$557.3B$561.6B$560.0B$573.6B
Current Assets$98.2B$99.4B$87.2B$104.7B$185.8B$219.8B$84.9B$99.0B$62.3B$50.4B
Cash$30.6B$33.8B$16.5B$28.5B$92.2B$82.3B$34.4B$50.7B$46.3B$39.7B
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$7.5B$7.9B$7.3B$7.1B$6.3B$6.0B$6.4B$6.5B$6.7B$0
Fixed Assets$0$0$0$0$1.9B$1.9B$0$0$0$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$291.4B$301.3B$314.0B$333.8B$331.1B$424.5B$463.7B$451.9B$455.5B$470.9B
Other Assets$9.1B$9.2B$9.2B$9.2B$9.2B$10.9B$11.0B$10.9B$10.9B$11.0B
Total Liabilities$319.5B$333.2B$334.5B$361.0B$412.6B$501.5B$511.5B$510.4B$505.6B$512.9B
Current Liabilities$265.9B$274.1B$277.1B$300.7B$374.9B$470.0B$452.0B$421.4B$426.7B$440.9B
Borrowings$53.0B$59.4B$57.7B$60.6B$39.3B$33.0B$58.7B$72.7B$61.7B$57.1B
Other Liabilities$266.5B$273.8B$276.8B$300.4B$373.3B$468.5B$452.7B$437.7B$443.9B$455.8B
Equity$2.7B$2.7B$2.7B$2.7B$2.7B$2.7B$2.7B$2.7B$2.7B$2.7B
Reserves$45.7B$47.5B$47.7B$49.3B$54.0B$55.7B$45.8B$51.1B$54.4B$60.6B

For PNC Financial Services Group, Inc. (The), operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $4.4B; free cash flow was positive in 10 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$3.5B$5.6B$7.8B$7.4B$4.7B$7.2B$9.1B$10.1B$7.9B$4.4B
Investing Cash Flow$-7.3B$-14.9B$-4.0B$-25.0B$-51.1B$-2.8B$-60.4B$10.1B$-3.2B$-15.6B
Financing Cash Flow$6.5B$4.4B$189.0M$21.4B$69.3B$5.3B$-26.2B$-16.1B$4.0B$12.8B
Net Cash Flow$814.0M$370.0M$359.0M$-547.0M$2.0B$987.0M$-47.9B$16.4B$-4.5B$-6.5B
Free Cash Flow$3.5B$5.6B$7.8B$7.4B$4.7B$7.2B$9.1B$10.1B$7.9B$4.4B

Valuation & Return Ratios

MetricValue
PEG Ratio0.52
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y27.43%
Return 3Y124.48%
Return 5Y25.18%

PNC Financial Services Group, Inc. (The) (PNC) financials — frequently asked questions

What is PNC Financial Services Group, Inc. (The)'s annual revenue?

PNC Financial Services Group, Inc. (The) (PNC) reported annual revenue of $34.0B in its most recent fiscal year.

What is PNC Financial Services Group, Inc. (The)'s net profit?

PNC Financial Services Group, Inc. (The) (PNC) reported net profit of $6.9B in its most recent fiscal year.

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