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

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$4.45	$4.81	+8.1%	—	—	—
Q4 26	$3.95	$4.13	+4.6%	—	—	—
Q3 26	$4.21	$4.88	+15.9%	—	—	—
Q2 26	$4.41	$4.73	+7.3%	—	—	—
Q1 26	$3.55	$3.85	+8.5%	—	—	—
Q4 25	$3.38	$3.51	+3.8%	—	—	—
Q3 25	$3.35	$3.77	+12.5%	—	—	—
Q2 25	$3.32	$3.49	+5.1%	—	—	—
Q1 25	$3.68	$3.39	-7.9%	—	—	—
Q4 24	$2.99	$3.1	+3.7%	—	—	—
Q3 24	$2.04	$1.85	-9.3%	—	—	—
Q2 24	$3.11	$3.6	+15.8%	—	—	—
Q1 24	$3.28	$3.36	+2.4%	—	—	—
Q4 23	$3.64	$3.98	+9.3%	—	—	—
Q3 23	$3.95	$3.47	-12.2%	—	—	—
Q2 23	$3.7	$3.78	+2.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$16.6	—	—	$23.1B	—
FY24	—	$13.8	—	—	$20.8B	—
FY23	—	$12.8	—	—	$21.5B	—
FY22	—	$13.9	—	—	$21.1B	—
FY21	—	$12.7	—	—	$19.2B	—
FY20	—	$17	—	—	$16.9B	—
FY19	—	$11.4	—	—	$16.8B	—
FY18	—	$10.8	—	—	$16.2B	—
FY17	—	$10.5	—	—	$16.3B	—
FY16	—	$7.42	—	—	$15.2B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$15.2B	$16.3B	$16.2B	$16.8B	$16.9B	$19.2B	$21.1B	$21.5B	$20.8B	$23.1B
YoY change	-0.41%	+7.7%	-0.85%	+4.01%	+0.37%	+13.7%	+9.91%	+1.87%	-3.25%	+10.9%

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	$5.9B	$6.1B	$6.2B	$6.4B
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	15.2B	16.3B	16.2B	16.8B	16.9B	19.2B	21.1B	21.5B	20.8B	23.1B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	5.1B	5.5B	5.8B	5.9B	5.9B	7.5B	7.6B	7.8B	7.7B	8.2B
Operating expenses	5.1B	5.5B	5.8B	5.9B	5.9B	7.5B	7.6B	7.8B	7.7B	8.2B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	5.3B	5.5B	5.5B	5.5B	3.4B	7B	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	4B	5.4B	5.3B	5.4B	7.6B	5.7B	6.1B	5.6B	6B	7B
Net margin	26.3%	33%	33%	32.2%	44.7%	29.8%	29%	26.3%	28.6%	30.3%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	7.42	10.5	10.8	11.4	17	12.7	13.9	12.8	13.8	16.6
Diluted EPS	7.3	10.4	10.7	11.4	17	12.7	13.8	12.8	13.7	16.6

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	5.9B	6.1B	6.2B	6.4B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	2.1B	2.1B	2.2B	2.4B
Operating expenses	—	—	—	—	—	—	—	—	2.1B	2.1B	2.2B	2.4B
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	—	—	—	—	—	—	—	—	2.3B	2.3B	2.2B	2.6B
Income tax	—	—	—	—	—	—	—	—	465M	296M	415M	531M
Net income	—	—	—	—	—	—	—	—	1.8B	2B	1.8B	2.1B
Net margin	—	—	—	—	—	—	—	—	30.9%	33.5%	28.8%	32%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	3.6	1.85	3.1	3.39	3.5	3.77	3.52	3.86	4.36	4.88	4.13	4.82
Diluted EPS	3.6	1.85	3.1	3.39	3.49	3.77	3.51	3.85	4.35	4.88	4.13	4.81

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	90.7B	91.5B	79.9B	97.6B	179.5B	213.8B	78.5B	61.5B	55.6B	50.4B
Receivables	—	—	—	—	938M	1B	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	—	—	—	1.9B	1.9B	—	—	—	—
Goodwill & intangibles	21.7B	22B	22.4B	21.8B	20.9B	25.5B	28.8B	29.2B	29.3B	29.2B
Total assets	—	—	—	—	—	—	—	—	560B	573.6B
Accounts payable	—	—	—	—	—	—	—	—	—	—
Short-term debt	301M	297M	285M	318M	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	52.7B	59.1B	57.4B	60.3B	37.2B	30.8B	58.7B	72.7B	61.7B	57.1B
Total liabilities	—	—	—	—	—	—	—	—	505.6B	512.9B
Shareholders' equity	46.9B	47.6B	47.8B	49.3B	54B	55.7B	45.8B	51.1B	54.5B	60.6B
Total debt	53B	59.4B	57.7B	60.6B	37.2B	30.8B	58.7B	72.7B	61.7B	57.1B
Net debt	22.4B	25.5B	41.2B	32.1B	-55B	-51.5B	24.4B	22B	15.4B	17.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	52.3B	61.5B	71B	51.3B	52.9B	55.6B	48.5B	39.6B	50.4B	50.4B	40.8B	37.3B
Receivables	—	—	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	30B	29.2B	29.4B	29.3B	28.9B	29.3B	29B	28.8B	29.2B	29.2B	34.2B	34.2B
Total assets	—	—	566.2B	556.5B	564.9B	560B	554.7B	559.1B	568.8B	573.6B	603B	616B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	66.2B	72.7B	72.7B	71.4B	68.1B	61.7B	60.7B	60.4B	62.3B	57.1B	66.7B	85.7B
Total liabilities	—	—	—	503.8B	509.2B	505.6B	498.3B	501.5B	509.7B	512.9B	539.4B	552B
Shareholders' equity	49.5B	51.1B	51.4B	52.7B	55.7B	54.5B	56.5B	57.7B	59B	60.6B	63.7B	64.1B
Total debt	66.2B	72.7B	72.7B	71.4B	68.1B	61.7B	60.7B	60.4B	62.3B	57.1B	66.7B	85.7B
Net debt	19.4B	22B	13.2B	32.1B	26.9B	15.4B	22.3B	30B	23.5B	17.4B	35B	57B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	4B	5.4B	5.3B	5.4B	7.6B	5.7B	6.1B	5.6B	6B	7B
Depreciation & amortization	1.2B	1.1B	1.1B	1.3B	1.5B	1.8B	651M	217M	259M	381M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-1.9B	952M	-785M	-228M	30M	217M	-444M	1.5B	937M	-2.2B
Operating cash flow	3.7B	7.4B	5.9B	6.5B	7.5B	7.6B	7.5B	8.4B	8B	4.4B
Capital expenditure	—	—	—	—	—	—	—	—	—	—
Investing cash flow	-6.9B	-2.4B	-9.1B	-3B	12.4B	-42.6B	-21.5B	6.3B	-6.6B	107M
Dividends paid	-1.3B	-1.5B	-1.8B	-2.1B	-2.2B	-2.3B	-2.7B	-2.9B	-2.9B	-2.9B
Share repurchases	-2.1B	-2.4B	-2.9B	-3.6B	-2.1B	-1.1B	-5.2B	-1.7B	-1.2B	-1.3B
Financing cash flow	-4B	1.8B	-6.7B	-7.9B	-28.8B	-9.8B	24.4B	10.6B	-14.4B	-9.5B
Net change in cash	-7.2B	6.8B	-10B	-4.5B	-8.9B	-44.7B	10.4B	25.3B	-13B	-5B
Free cash flow	3.5B	5.6B	7.8B	7.4B	4.7B	7.2B	9.1B	10.1B	7.9B	4.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1.6B	883M	1.3B	1.5B	1.5B	1.6B	—	—	1.8B	2B	1.8B	2.1B
Depreciation & amortization	49M	43M	37M	37M	21M	164M	—	—	101M	108M	66M	107M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-3.2B	4B	134M	140M	918M	-255M	—	—	-784M	-1.6B	579M	-1.1B
Operating cash flow	-1.1B	4.9B	1.9B	1.9B	2.2B	2.7B	—	—	2.7B	757M	1.9B	2.1B
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	1.8B	729M	2B	-8.3B	-2.8B	2.5B	0	0	480M	1.8B	3.4B	-8.3B
Dividends paid	-728M	-742M	-705M	-718M	-728M	-738M	—	—	-749M	-759M	-769M	-776M
Share repurchases	-11M	-1.1B	-223M	-113M	-130M	-721M	—	—	-334M	-406M	-796M	-622M
Financing cash flow	1B	3.5B	-384M	-2.1B	-5.3B	-6.6B	—	—	458M	-5.9B	7B	13.8B
Net change in cash	1.7B	9.1B	3.5B	-8.4B	-5.9B	-1.4B	0	0	3.6B	-3.4B	12.2B	7.7B
Free cash flow	115M	4.9B	1.8B	1B	3.3B	1.8B	—	—	2.7B	757M	1.9B	2.1B

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	57.8B	69.4B	54.6B	71.4B	63.6B	85.4B	65.1B	62.1B	76.9B	82.7B	89.2B
Enterprise value	20.1B	37.3B	32.4B	34.3B	-78.7B	-97.6B	45.3B	73.4B	83B	89.4B	170.5B
Shares outstanding	494M	481M	467M	447M	427M	426M	412M	401M	399M	396M	396M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	14.5	12.9	10.2	13.2	8.42	14.9	10.6	11	12.9	11.8	12.4
P/S	3.81	4.25	3.37	4.24	3.76	4.45	3.08	2.89	3.7	3.58	3.7
P/B	1.23	1.46	1.14	1.45	1.18	1.53	1.42	1.21	1.41	1.36	1.55
EV/Sales	1.33	2.29	2	2.04	-4.66	-5.08	2.14	3.41	3.99	3.87	7.01
Earnings yield	6.9%	7.76%	9.79%	7.59%	11.9%	6.7%	9.39%	9.09%	7.74%	8.47%	8.05%
FCF yield	6.06%	8.04%	14.4%	10.3%	7.32%	8.45%	14%	16.3%	10.2%	5.3%	7.37%
PEG	—	—	—	—	—	—	—	—	—	—	0.5

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	38.7%
Net margin	26.3%	33%	33%	32.2%	44.7%	29.8%	29%	26.3%	28.6%	30.3%	31.4%
ROE	8.51%	11.3%	11.2%	11%	14%	10.3%	13.3%	11%	10.9%	11.5%	12.6%
ROA	—	—	—	—	—	—	—	—	1.06%	1.22%	1.31%
Return on tangible assets	—	—	—	—	—	—	—	—	1.12%	1.29%	1.32%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	1.13	1.25	1.21	1.23	0.69	0.55	1.28	1.42	1.13	0.94	0.01
Debt / assets	—	—	—	—	—	—	—	—	0.11	0.1	0.14
Effective tax rate	24.1%	1.86%	16.9%	16.4%	12.4%	18.1%	18.2%	16.2%	17.8%	17.5%	18.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	30.7	33.9	34.7	37.7	39.6	45.1	51.2	53.6	52.2	58.3	61
EPS (basic)	7.42	10.5	10.8	11.4	17	12.7	13.9	12.8	13.8	16.6	16.6
EPS (diluted)	7.3	10.4	10.7	11.4	17	12.7	13.8	12.8	13.7	16.6	18.2
Book value per share	94.8	98.9	102.3	110.4	126.6	130.8	111.2	127.5	136.5	153.1	145.5
FCF per share	7.09	11.6	16.8	16.5	10.9	16.9	22	25.2	19.7	11.1	18.6
Cash per share	183.6	190.1	171.1	218.4	420.5	501.9	190.6	153.3	139.4	127.2	33.7

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Payout ratio	31.9%	27.9%	34.4%	39.3%	29.2%	40%	44%	51%	48.5%	42.1%	37.4%
Dividend yield	2.2%	2.16%	3.36%	2.99%	3.47%	2.68%	4.14%	4.63%	3.75%	3.56%	3.58%

Yield

3.58%

trailing twelve months

Frequency

Quarterly

Last dividend

$2.00

ex-dividend Jul 20, 2026

Payout ratio

37%

of earnings

Dividend growth

15 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 20, 2026	$2.00
Apr 14, 2026	$1.70
Jan 20, 2026	$1.70
Oct 14, 2025	$1.70
Jul 15, 2025	$1.70
Apr 16, 2025	$1.60
Jan 15, 2025	$1.60
Oct 16, 2024	$1.60

Split history

Date	Ratio
Nov 16, 1992	2:1
Jul 2, 1985	2:1
May 21, 1982	2:1

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$4.45	$4.81	+8.1%	—	—	—
Q4 26	$3.95	$4.13	+4.6%	—	—	—
Q3 26	$4.21	$4.88	+15.9%	—	—	—
Q2 26	$4.41	$4.73	+7.3%	—	—	—
Q1 26	$3.55	$3.85	+8.5%	—	—	—
Q4 25	$3.38	$3.51	+3.8%	—	—	—
Q3 25	$3.35	$3.77	+12.5%	—	—	—
Q2 25	$3.32	$3.49	+5.1%	—	—	—
Q1 25	$3.68	$3.39	-7.9%	—	—	—
Q4 24	$2.99	$3.1	+3.7%	—	—	—
Q3 24	$2.04	$1.85	-9.3%	—	—	—
Q2 24	$3.11	$3.6	+15.8%	—	—	—
Q1 24	$3.28	$3.36	+2.4%	—	—	—
Q4 23	$3.64	$3.98	+9.3%	—	—	—
Q3 23	$3.95	$3.47	-12.2%	—	—	—
Q2 23	$3.7	$3.78	+2.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$16.6	—	—	$23.1B	—
FY24	—	$13.8	—	—	$20.8B	—
FY23	—	$12.8	—	—	$21.5B	—
FY22	—	$13.9	—	—	$21.1B	—
FY21	—	$12.7	—	—	$19.2B	—
FY20	—	$17	—	—	$16.9B	—
FY19	—	$11.4	—	—	$16.8B	—
FY18	—	$10.8	—	—	$16.2B	—
FY17	—	$10.5	—	—	$16.3B	—
FY16	—	$7.42	—	—	$15.2B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$15.2B	$16.3B	$16.2B	$16.8B	$16.9B	$19.2B	$21.1B	$21.5B	$20.8B	$23.1B
YoY change	-0.41%	+7.7%	-0.85%	+4.01%	+0.37%	+13.7%	+9.91%	+1.87%	-3.25%	+10.9%

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	$5.9B	$6.1B	$6.2B	$6.4B
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	15.2B	16.3B	16.2B	16.8B	16.9B	19.2B	21.1B	21.5B	20.8B	23.1B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	5.1B	5.5B	5.8B	5.9B	5.9B	7.5B	7.6B	7.8B	7.7B	8.2B
Operating expenses	5.1B	5.5B	5.8B	5.9B	5.9B	7.5B	7.6B	7.8B	7.7B	8.2B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	5.3B	5.5B	5.5B	5.5B	3.4B	7B	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	4B	5.4B	5.3B	5.4B	7.6B	5.7B	6.1B	5.6B	6B	7B
Net margin	26.3%	33%	33%	32.2%	44.7%	29.8%	29%	26.3%	28.6%	30.3%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	7.42	10.5	10.8	11.4	17	12.7	13.9	12.8	13.8	16.6
Diluted EPS	7.3	10.4	10.7	11.4	17	12.7	13.8	12.8	13.7	16.6

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	5.9B	6.1B	6.2B	6.4B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	2.1B	2.1B	2.2B	2.4B
Operating expenses	—	—	—	—	—	—	—	—	2.1B	2.1B	2.2B	2.4B
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	—	—	—	—	—	—	—	—	2.3B	2.3B	2.2B	2.6B
Income tax	—	—	—	—	—	—	—	—	465M	296M	415M	531M
Net income	—	—	—	—	—	—	—	—	1.8B	2B	1.8B	2.1B
Net margin	—	—	—	—	—	—	—	—	30.9%	33.5%	28.8%	32%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	3.6	1.85	3.1	3.39	3.5	3.77	3.52	3.86	4.36	4.88	4.13	4.82
Diluted EPS	3.6	1.85	3.1	3.39	3.49	3.77	3.51	3.85	4.35	4.88	4.13	4.81

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	90.7B	91.5B	79.9B	97.6B	179.5B	213.8B	78.5B	61.5B	55.6B	50.4B
Receivables	—	—	—	—	938M	1B	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	—	—	—	1.9B	1.9B	—	—	—	—
Goodwill & intangibles	21.7B	22B	22.4B	21.8B	20.9B	25.5B	28.8B	29.2B	29.3B	29.2B
Total assets	—	—	—	—	—	—	—	—	560B	573.6B
Accounts payable	—	—	—	—	—	—	—	—	—	—
Short-term debt	301M	297M	285M	318M	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	52.7B	59.1B	57.4B	60.3B	37.2B	30.8B	58.7B	72.7B	61.7B	57.1B
Total liabilities	—	—	—	—	—	—	—	—	505.6B	512.9B
Shareholders' equity	46.9B	47.6B	47.8B	49.3B	54B	55.7B	45.8B	51.1B	54.5B	60.6B
Total debt	53B	59.4B	57.7B	60.6B	37.2B	30.8B	58.7B	72.7B	61.7B	57.1B
Net debt	22.4B	25.5B	41.2B	32.1B	-55B	-51.5B	24.4B	22B	15.4B	17.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	52.3B	61.5B	71B	51.3B	52.9B	55.6B	48.5B	39.6B	50.4B	50.4B	40.8B	37.3B
Receivables	—	—	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	30B	29.2B	29.4B	29.3B	28.9B	29.3B	29B	28.8B	29.2B	29.2B	34.2B	34.2B
Total assets	—	—	566.2B	556.5B	564.9B	560B	554.7B	559.1B	568.8B	573.6B	603B	616B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	66.2B	72.7B	72.7B	71.4B	68.1B	61.7B	60.7B	60.4B	62.3B	57.1B	66.7B	85.7B
Total liabilities	—	—	—	503.8B	509.2B	505.6B	498.3B	501.5B	509.7B	512.9B	539.4B	552B
Shareholders' equity	49.5B	51.1B	51.4B	52.7B	55.7B	54.5B	56.5B	57.7B	59B	60.6B	63.7B	64.1B
Total debt	66.2B	72.7B	72.7B	71.4B	68.1B	61.7B	60.7B	60.4B	62.3B	57.1B	66.7B	85.7B
Net debt	19.4B	22B	13.2B	32.1B	26.9B	15.4B	22.3B	30B	23.5B	17.4B	35B	57B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	4B	5.4B	5.3B	5.4B	7.6B	5.7B	6.1B	5.6B	6B	7B
Depreciation & amortization	1.2B	1.1B	1.1B	1.3B	1.5B	1.8B	651M	217M	259M	381M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-1.9B	952M	-785M	-228M	30M	217M	-444M	1.5B	937M	-2.2B
Operating cash flow	3.7B	7.4B	5.9B	6.5B	7.5B	7.6B	7.5B	8.4B	8B	4.4B
Capital expenditure	—	—	—	—	—	—	—	—	—	—
Investing cash flow	-6.9B	-2.4B	-9.1B	-3B	12.4B	-42.6B	-21.5B	6.3B	-6.6B	107M
Dividends paid	-1.3B	-1.5B	-1.8B	-2.1B	-2.2B	-2.3B	-2.7B	-2.9B	-2.9B	-2.9B
Share repurchases	-2.1B	-2.4B	-2.9B	-3.6B	-2.1B	-1.1B	-5.2B	-1.7B	-1.2B	-1.3B
Financing cash flow	-4B	1.8B	-6.7B	-7.9B	-28.8B	-9.8B	24.4B	10.6B	-14.4B	-9.5B
Net change in cash	-7.2B	6.8B	-10B	-4.5B	-8.9B	-44.7B	10.4B	25.3B	-13B	-5B
Free cash flow	3.5B	5.6B	7.8B	7.4B	4.7B	7.2B	9.1B	10.1B	7.9B	4.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1.6B	883M	1.3B	1.5B	1.5B	1.6B	—	—	1.8B	2B	1.8B	2.1B
Depreciation & amortization	49M	43M	37M	37M	21M	164M	—	—	101M	108M	66M	107M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-3.2B	4B	134M	140M	918M	-255M	—	—	-784M	-1.6B	579M	-1.1B
Operating cash flow	-1.1B	4.9B	1.9B	1.9B	2.2B	2.7B	—	—	2.7B	757M	1.9B	2.1B
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	1.8B	729M	2B	-8.3B	-2.8B	2.5B	0	0	480M	1.8B	3.4B	-8.3B
Dividends paid	-728M	-742M	-705M	-718M	-728M	-738M	—	—	-749M	-759M	-769M	-776M
Share repurchases	-11M	-1.1B	-223M	-113M	-130M	-721M	—	—	-334M	-406M	-796M	-622M
Financing cash flow	1B	3.5B	-384M	-2.1B	-5.3B	-6.6B	—	—	458M	-5.9B	7B	13.8B
Net change in cash	1.7B	9.1B	3.5B	-8.4B	-5.9B	-1.4B	0	0	3.6B	-3.4B	12.2B	7.7B
Free cash flow	115M	4.9B	1.8B	1B	3.3B	1.8B	—	—	2.7B	757M	1.9B	2.1B

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	57.8B	69.4B	54.6B	71.4B	63.6B	85.4B	65.1B	62.1B	76.9B	82.7B	89.2B
Enterprise value	20.1B	37.3B	32.4B	34.3B	-78.7B	-97.6B	45.3B	73.4B	83B	89.4B	170.5B
Shares outstanding	494M	481M	467M	447M	427M	426M	412M	401M	399M	396M	396M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	14.5	12.9	10.2	13.2	8.42	14.9	10.6	11	12.9	11.8	12.4
P/S	3.81	4.25	3.37	4.24	3.76	4.45	3.08	2.89	3.7	3.58	3.7
P/B	1.23	1.46	1.14	1.45	1.18	1.53	1.42	1.21	1.41	1.36	1.55
EV/Sales	1.33	2.29	2	2.04	-4.66	-5.08	2.14	3.41	3.99	3.87	7.01
Earnings yield	6.9%	7.76%	9.79%	7.59%	11.9%	6.7%	9.39%	9.09%	7.74%	8.47%	8.05%
FCF yield	6.06%	8.04%	14.4%	10.3%	7.32%	8.45%	14%	16.3%	10.2%	5.3%	7.37%
PEG	—	—	—	—	—	—	—	—	—	—	0.5

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	38.7%
Net margin	26.3%	33%	33%	32.2%	44.7%	29.8%	29%	26.3%	28.6%	30.3%	31.4%
ROE	8.51%	11.3%	11.2%	11%	14%	10.3%	13.3%	11%	10.9%	11.5%	12.6%
ROA	—	—	—	—	—	—	—	—	1.06%	1.22%	1.31%
Return on tangible assets	—	—	—	—	—	—	—	—	1.12%	1.29%	1.32%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	1.13	1.25	1.21	1.23	0.69	0.55	1.28	1.42	1.13	0.94	0.01
Debt / assets	—	—	—	—	—	—	—	—	0.11	0.1	0.14
Effective tax rate	24.1%	1.86%	16.9%	16.4%	12.4%	18.1%	18.2%	16.2%	17.8%	17.5%	18.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	30.7	33.9	34.7	37.7	39.6	45.1	51.2	53.6	52.2	58.3	61
EPS (basic)	7.42	10.5	10.8	11.4	17	12.7	13.9	12.8	13.8	16.6	16.6
EPS (diluted)	7.3	10.4	10.7	11.4	17	12.7	13.8	12.8	13.7	16.6	18.2
Book value per share	94.8	98.9	102.3	110.4	126.6	130.8	111.2	127.5	136.5	153.1	145.5
FCF per share	7.09	11.6	16.8	16.5	10.9	16.9	22	25.2	19.7	11.1	18.6
Cash per share	183.6	190.1	171.1	218.4	420.5	501.9	190.6	153.3	139.4	127.2	33.7

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Payout ratio	31.9%	27.9%	34.4%	39.3%	29.2%	40%	44%	51%	48.5%	42.1%	37.4%
Dividend yield	2.2%	2.16%	3.36%	2.99%	3.47%	2.68%	4.14%	4.63%	3.75%	3.56%	3.58%

Yield

3.58%

trailing twelve months

Frequency

Quarterly

Last dividend

$2.00

ex-dividend Jul 20, 2026

Payout ratio

37%

of earnings

Dividend growth

15 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 20, 2026	$2.00
Apr 14, 2026	$1.70
Jan 20, 2026	$1.70
Oct 14, 2025	$1.70
Jul 15, 2025	$1.70
Apr 16, 2025	$1.60
Jan 15, 2025	$1.60
Oct 16, 2024	$1.60

Split history

Date	Ratio
Nov 16, 1992	2:1
Jul 2, 1985	2:1
May 21, 1982	2:1

The PNC Financial Services Group, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

The PNC Financial Services Group, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history