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PNC Financial Services Group Financials

PNC
Trailing 12 months to June 30, 2026
Revenue $25.0B +13.2% YoY
Net Income $7.7B +22.8% YoY
EPS (Diluted) $18.16 +24.3% YoY
Free Cash Flow Not reported for the trailing 12 months
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

PNC Financial Services Group (PNC) reported $25.0B in revenue over the twelve months to Jun 30, 2026, up 13.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PNC FY2025

PNC’s earnings improved while cash generation weakened, revealing a balance sheet whose financing profile matters more than revenue margins.

Net income rose to $7.0B in FY2025, but operating cash flow fell to $4.4B. Against FY2024, that divergence points to weaker cash conversion even as ROA improved from 1.1% to 1.2%, so earnings growth did not arrive with comparable cash generation.

Assets expanded to $573.6B in FY2025, while debt-to-equity was 0.9x. That is down from 1.1x in FY2024, indicating the larger balance sheet was not financed by a heavier debt load.

Revenue increased to $23.1B and net margin reached 30.3%. The margin was 27.6% in FY2024 while SG&A rose to $7.8B, suggesting margin expansion was not simply driven by lower reported overhead.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Earnings Growth Capital Efficiency CreditQuality Stability 48 / 100
Financial Health Score 48/100
Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of PNC Financial Services Group's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings
69
Growth
31
Capital
37
Efficiency
58
Credit Quality
0

Not available for PNC Financial Services Group, and counted as zero in the overall score.

Stability
92
Piotroski F-Score Partial
5/7

PNC Financial Services Group passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
0.63x

For every $1 of reported earnings, PNC Financial Services Group generates $0.63 in operating cash flow ($4.4B OCF vs $7.0B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$23.1B
YoY+7.2%
5Y CAGR+6.4%
10Y CAGR+4.3%

PNC Financial Services Group generated $23.1B in revenue in fiscal year 2025. This represents an increase of 7.2% from the prior year.

Net Income
$7.0B
YoY+17.5%
5Y CAGR-1.5%
10Y CAGR+5.4%

PNC Financial Services Group reported $7.0B in net income in fiscal year 2025. This represents an increase of 17.5% from the prior year.

EPS (Diluted)
$16.59
YoY+20.7%
5Y CAGR-0.4%
10Y CAGR+8.4%

PNC Financial Services Group earned $16.59 per diluted share (EPS) in fiscal year 2025. This represents an increase of 20.7% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt
$39.7B
YoY-14.1%
5Y CAGR+41.4%

PNC Financial Services Group held $39.7B in cash against $57.1B in long-term debt as of fiscal year 2025.

Dividends Per Share
$6.60
YoY+4.8%

PNC Financial Services Group paid $6.60 per share in dividends in fiscal year 2025. This represents an increase of 4.8% from the prior year.

Shares Outstanding
403M
YoY+1.9%
5Y CAGR-1.0%
10Y CAGR-2.1%

PNC Financial Services Group had 403M shares outstanding in fiscal year 2025. This represents an increase of 1.9% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

Net Margin
30.3%
YoY+2.7pp
5Y CAGR-14.4pp
10Y CAGR+3.1pp

PNC Financial Services Group's net profit margin was 30.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.7 percentage points from the prior year.

Return on Equity
11.6%
YoY+0.6pp
5Y CAGR-2.4pp
10Y CAGR+2.3pp

PNC Financial Services Group's ROE was 11.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks
$1.3B
YoY+94.8%
5Y CAGR-3.8%
10Y CAGR-4.6%

PNC Financial Services Group spent $1.3B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 94.8% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

PNC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PNC quarterly income statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Revenue$6.9B+11.5%$6.2B+1.5%$6.1B+2.6%$5.9B+4.5%$5.7B+3.8%$5.5B-2.1%$5.6B+2.5%$5.4B
SG&A Expenses$2.3B+7.9%$2.1B+3.6%$2.0B+3.2%$2.0B+4.3%$1.9B-0.1%$1.9B+1.8%$1.9B-0.6%$1.9B
Interest Expense$2.6B+4.2%$2.5B-6.3%$2.6B-8.0%$2.9B+6.0%$2.7B+2.3%$2.7B-10.7%$3.0B-12.9%$3.4B
Income Tax$531.0M+28.0%$415.0M+40.2%$296.0M-36.3%$465.0M+22.0%$381.0M+9.8%$347.0M+24.8%$278.0M-22.1%$357.0M
Net Income$2.0B+15.1%$1.8B-13.5%$2.0B+12.5%$1.8B+12.0%$1.6B+8.5%$1.5B-7.9%$1.6B+8.1%$1.5B
EPS (Diluted)$4.81+16.5%$4.13-15.2%$4.87+12.0%$4.35+13.0%$3.85+9.7%$3.51-6.6%$3.76+7.7%$3.49

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.

PNC Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PNC quarterly balance sheet
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Total Assets$616.0B+2.2%$603.0B+5.1%$573.6B+0.8%$568.8B+1.7%$559.1B+0.8%$554.7B-0.9%$560.0B-0.9%$564.9B
Cash & Equivalents$28.7B-9.3%$31.7B-20.2%$39.7B+2.2%$38.9B+27.9%$30.4B-20.8%$38.4B-17.0%$46.3B+12.3%$41.2B
Goodwill$13.3B+0.3%$13.3B+21.2%$11.0B0.0%$11.0B+0.3%$10.9B0.0%$10.9B0.0%$10.9B0.0%$10.9B
Total Liabilities$552.0B+2.3%$539.4B+5.1%$512.9B+0.6%$509.7B+1.7%$501.5B+0.6%$498.3B-1.4%$505.6B-0.7%$509.2B
Long-Term Debt$85.7B+28.6%$66.7B+16.8%$57.1B-8.4%$62.3B+3.2%$60.4B-0.5%$60.7B-1.5%$61.7B-9.4%$68.1B
Total Equity$64.0B+0.6%$63.6B+5.0%$60.6B+2.7%$59.0B+2.4%$57.6B+2.1%$56.4B+3.6%$54.4B-2.3%$55.7B
Retained Earnings$65.5B+2.0%$64.3B+1.6%$63.3B+2.0%$62.0B+1.7%$61.0B+1.5%$60.1B+1.3%$59.3B+1.5%$58.4B

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.

PNC Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PNC quarterly cash flow statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Operating Cash Flow$2.1B+11.4%$1.9B+154.7%$757.0M-71.5%$2.7B+79.5%$1.5B+390.8%-$509.0M-128.3%$1.8B-45.2%$3.3B
Investing Cash Flow-$15.1B-42.3%-$10.6B-401.9%-$2.1B-157.2%-$820.0M+93.0%-$11.7B-1094.7%-$980.0M-113.7%$7.1B+288.7%-$3.8B
Financing Cash Flow$10.0B+1446.4%$644.0M-70.6%$2.2B-67.0%$6.6B+198.9%$2.2B+134.9%-$6.4B-64.4%-$3.9B-261.3%$2.4B
Dividends Paid$691.0M-0.7%$696.0M+3.0%$676.0M-0.3%$678.0M+5.6%$642.0M+0.5%$639.0M-0.8%$644.0M-0.3%$646.0M
Share Buybacks$622.0M-21.9%$796.0M+96.1%$406.0M+21.6%$334.0M-0.6%$336.0M+28.2%$262.0M+18.6%$221.0M+70.0%$130.0M

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

PNC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

PNC quarterly financial ratios
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Net Margin29.7%+0.9pp28.7%-5.0pp33.8%+3.0pp30.8%+2.1pp28.7%+1.3pp27.5%-1.7pp29.2%+1.5pp27.7%
Return on Equity3.2%+0.4pp2.8%-0.6pp3.4%+0.3pp3.1%+0.3pp2.8%+0.2pp2.7%-0.3pp3.0%+0.3pp2.7%
Return on Assets0.3%0.0pp0.3%-0.1pp0.4%0.0pp0.3%0.0pp0.3%0.0pp0.3%0.0pp0.3%0.0pp0.3%
Debt-to-Equity1.34+0.3x1.05+0.1x0.94-0.1x1.060.0x1.050.0x1.08-0.1x1.13-0.1x1.22

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

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Frequently Asked Questions

What is PNC Financial Services Group's annual revenue?

PNC Financial Services Group (PNC) reported $23.1B in total revenue for fiscal year 2025. This represents a 7.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is PNC Financial Services Group's revenue growing?

PNC Financial Services Group (PNC) revenue grew by 7.2% year-over-year, from $21.6B to $23.1B in fiscal year 2025.

Is PNC Financial Services Group profitable?

Yes, PNC Financial Services Group (PNC) reported a net income of $7.0B in fiscal year 2025, with a net profit margin of 30.3%.

PNC Financial Services Group (PNC) reported diluted earnings per share of $16.59 for fiscal year 2025. This represents a 20.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, PNC Financial Services Group (PNC) had $39.7B in cash and equivalents against $57.1B in long-term debt.

PNC Financial Services Group (PNC) had a net profit margin of 30.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, PNC Financial Services Group (PNC) paid $6.60 per share in dividends during fiscal year 2025.

PNC Financial Services Group (PNC) has a return on equity of 11.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

PNC Financial Services Group (PNC) generated $4.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

PNC Financial Services Group (PNC) had $573.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, PNC Financial Services Group (PNC) spent $1.3B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

PNC Financial Services Group (PNC) had 403M shares outstanding as of fiscal year 2025.

PNC Financial Services Group (PNC) had a debt-to-equity ratio of 0.94 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

PNC Financial Services Group (PNC) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

PNC Financial Services Group (PNC) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

PNC Financial Services Group (PNC) has an earnings quality ratio of 0.63x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

PNC Financial Services Group (PNC) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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