PNC Financial Services (PNC) financial statements
PNC Financial Services reported revenue of $23.1B in fiscal 2025, up 4.8% a year over 9 years.
Net income was $7.0B.
The diluted share count fell 21% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PNC Financial Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.2B | $16.3B | $17.1B | $17.8B | $16.9B | $19.2B | $21.1B | $21.5B | $21.6B | $23.1B |
| Interest expense | $1.3B | $1.7B | $2.9B | $3.8B | $1.4B | $487M | $2.4B | $10.4B | — | — |
| Pre-tax income | $5.3B | $5.5B | $5.5B | $5.5B | $3.4B | $7.0B | $7.5B | $6.7B | $7.2B | $8.5B |
| Income tax | $1.3B | $102M | $928M | $901M | $426M | $1.3B | $1.4B | $1.1B | $1.3B | $1.5B |
| Net income | $4.0B | $5.4B | $5.3B | $5.4B | $7.6B | $5.7B | $6.1B | $5.6B | $6.0B | $7.0B |
| EPS (diluted) | $7.30 | $10.36 | $10.71 | $11.39 | $16.96 | $12.70 | $13.85 | $12.79 | $13.74 | $16.59 |
| Diluted shares | 500M | 486M | 470M | 448M | 427M | 426M | 412M | 401M | 400M | 396M |
| Net margin | 26.3% | 33.0% | 31.2% | 30.4% | 44.7% | 29.8% | 28.9% | 26.3% | 27.6% | 30.3% |
Balance sheet
Fiscal years, from PNC Financial Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | $5.2B | $5.6B | $5.1B | $6.6B | $7.4B | $33.8B | $49.7B | $45.3B | $39.7B |
| Property, plant and equipment | $5.5B | $5.4B | $5.7B | $7.7B | $7.7B | $8.6B | $8.8B | $8.5B | $8.7B | $8.9B |
| Goodwill | $9.1B | $9.2B | $9.2B | $9.2B | $9.2B | $10.9B | $11.0B | $10.9B | $10.9B | $11.0B |
| Total assets | $366.4B | $380.8B | $382.3B | $410.3B | $466.7B | $557.2B | $557.3B | $561.6B | $560.0B | $573.6B |
| Total liabilities | $319.5B | $333.2B | $334.5B | $361.0B | $412.6B | $501.5B | $511.5B | $510.4B | $505.6B | $512.9B |
| Shareholders' equity | $45.7B | $47.5B | $47.7B | $49.3B | $54.0B | $55.7B | $45.8B | $51.1B | $54.4B | $60.6B |
| Net debt | — | -$5.2B | -$5.6B | -$5.1B | -$6.6B | -$7.4B | -$33.8B | -$49.7B | -$45.3B | -$39.7B |
Cash flow
Fiscal years, from PNC Financial Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.5B | $5.6B | $7.8B | $7.4B | $4.7B | $7.2B | $9.1B | $10.1B | $7.9B | $4.4B |
| Stock-based compensation | $200M | $200M | — | — | — | — | — | — | — | — |
| Dividends paid | $1.1B | $1.3B | $1.6B | $1.9B | $2.0B | $2.1B | $2.4B | $2.5B | $2.5B | $2.6B |
| Share buybacks (net) | -$2.1B | -$2.4B | -$2.9B | -$3.6B | -$1.6B | -$1.1B | -$3.7B | -$651M | -$687M | -$1.3B |
| Net borrowing | — | $100M | -$100M | — | — | — | — | — | — | — |
| Dividends per share | $2.12 | $2.60 | $3.41 | $4.23 | $4.64 | $4.83 | $5.80 | $6.14 | $6.34 | $6.65 |
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What was PNC Financial Services's revenue in 2025?
$23.1B in fiscal 2025, from its 10-K filing.
From PNC Financial Services's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.