Prudential Financial, Inc. (PRU) 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 %
Q2 26	$3.52	$4.08	+15.9%	—	$15.7B	—
Q1 26	$3.1	$3.61	+16.5%	—	$15.5B	—
Q4 25	$3.37	$2.55	-24.3%	—	$15.7B	—
Q3 25	$3.73	$4.01	+7.5%	—	$17.9B	—
Q2 25	$3.07	$1.48	-51.8%	—	$13.8B	—
Q1 25	$3.02	$1.96	-35.1%	—	$13.5B	—
Q4 24	$3.26	$2.96	-9.2%	—	$12.6B	—
Q3 24	$3.35	$1.24	-63.0%	—	$19.5B	—
Q2 24	$3.45	$3.39	-1.7%	—	$14.9B	—
Q1 24	$3.13	$3.12	-0.3%	—	$23.6B	—
Q4 23	$2.67	$2.58	-3.4%	—	$8.7B	—
Q3 23	$3.13	$3.44	+9.9%	—	$8.4B	—
Q2 23	$3.01	$2.94	-2.3%	—	$13.5B	—
Q1 23	$2.93	$2.66	-9.2%	—	$17.1B	—
Q4 22	$2.51	$2.42	-3.6%	—	$13.3B	—
Q3 22	$2.02	$2.13	+5.4%	—	$20.2B	—

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	—	$10	—	—	$61B	—
FY24	—	$7.54	—	—	$70.7B	—
FY23	—	$6.76	—	—	$54.3B	—
FY22	—	-$4.49	—	—	$57B

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	$58.8B	$59.7B	$63B	$64.8B	$57B	$71.1B	$57B	$54.3B	$70.7B	$61B
YoY change	+2.91%	+1.55%	+5.53%	+2.87%	-12%	+24.8%	-19.9%	-4.73%	+30.2%	-13.7%

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	58.8B	59.7B	63B	64.8B	57B	71.1B	57B	54.3B	70.7B	61B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	11.8B	11.9B	11.9B	13.4B	13.9B	13.6B	12.6B	13B	13.3B	13B
Operating expenses	11.8B	11.9B	11.9B	13.4B	13.9B	13.5B	12.7B	13.2B	13.6B	13.2B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	443M	1.3B	-1B	3.3B	1.9B	3B	608M	4.1B	3B	4.4B
Pretax income	5.7B	6.5B	4.8B	5.1B	-323M	10.8B	-1.9B	3.1B	3.2B	4.7B
Income tax	1.3B	-1.4B	822M	947M	-81M	2B	-279M	613M	507M	1.1B
Net income	4.4B	8B	4.1B	4.2B	-146M	8.9B	-1.7B	2.5B	2.8B	3.7B
Net margin	7.52%	13.4%	6.49%	6.54%	-0.26%	12.6%	-2.94%	4.62%	4.03%	6.12%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	10.2	18.4	9.76	10.3	-0.94	19.9	-4.49	6.76	7.54	10
Diluted EPS	10.2	18	9.56	10.2	-1	19.5	-4.49	6.74	7.5	9.99

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	8.4B	8.7B	23.6B	14.9B	19.5B	12.6B	13.5B	13.8B	17.9B	15.7B	15.5B	15.7B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.1B	3.5B	3.6B	3.1B	3.3B	3.3B	3.1B	3.2B	3.3B	3.5B	3.5B	3.3B
Operating expenses	3.2B	3.7B	3.6B	3.2B	3.4B	3.4B	3.1B	3.3B	3.3B	3.5B	3.5B	3.4B
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	197M	1.8B	1.3B	591M	1.3B	-177M	280M	1.4B	1.7B	1B	30M	2.4B
Pretax income	-1.1B	1.7B	1.4B	1.4B	553M	-149M	920M	740M	1.8B	1.2B	733M	1.2B
Income tax	-251M	359M	289M	264M	140M	-186M	207M	195M	382M	269M	129M	218M
Net income	-791M	1.3B	1.2B	1.2B	451M	73M	742M	566M	1.5B	941M	606M	1B
Net margin	-9.37%	15.2%	4.88%	7.84%	2.31%	0.58%	5.48%	4.1%	8.26%	6%	3.9%	6.6%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	-2.23	3.62	3.13	3.28	1.24	-0.17	1.96	1.48	4.03	2.56	1.69	2.8
Diluted EPS	-2.23	3.61	3.12	3.28	1.24	-0.17	1.96	1.48	4.01	2.55	1.68	2.8

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	44.7B	49.1B	34.1B	37.9B	30.9B	41.9B	37B	37.7B	42.4B	39.7B	40.1B
Enterprise value	-286.8B	-298.9B	-320.6B	-353.1B	-382.6B	-330.4B	-271.5B	-282.2B	-2.4B	-10.4B	61.8B
Shares outstanding	429.6M	427M	417.6M	404.8M	395.8M	387.2M	372.3M	363.5M	357.5M	351.8M	351.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	10.1	6.16	8.33	8.95	—	4.69	—	15	14.9	10.6	10.6
P/S	0.76	0.82	0.54	0.59	0.54	0.59	0.65	0.69	0.6	0.65	0.62
P/B	0.97	0.9	0.69	0.6	0.45	0.67	1.16	1.27	1.41	1.12	1.28
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	11.9
EV/Sales	-4.88	-5.01	-5.09	-5.45	-6.71	-4.64	-4.77	-5.2	-0.03	-0.17	0.95
Earnings yield	9.89%	16.2%	12%	11.2%	—	21.3%	—	6.65%	6.72%	9.4%	9.41%
FCF yield	33.3%	27.4%	63.6%	51.7%	27.1%	23.4%	13.9%	17.3%	20.1%	15.8%	18.8%
PEG	—	—	—	—	—	—	—	—	—	—	0.12

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	7.52%
Net margin	7.52%	13.4%	6.49%	6.54%	-0.26%	12.6%	-2.94%	4.62%	4.03%	6.12%	6.01%
ROE	9.59%	14.6%	8.34%	6.65%	-0.21%	14.3%	-5.25%	8.42%	9.45%	10.5%	12%
ROA	—	—	—	—	—	—	—	—	0.39%	0.48%	0.43%
Return on tangible assets	—	—	—	—	—	—	—	—	0.39%	0.48%	0.52%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	—	—	—	—	—	—	—	—	—	0.78
Debt / equity	0.46	0.37	0.42	0.34	0.31	0.31	0.66	0.7	0.72	0.65	1.64
Debt / assets	—	—	—	—	—	—	—	—	0.03	0.03	0.03
Net debt / EBITDA	—	—	—	—	—	—	—	—	—	—	3.37
Effective tax rate	23.4%	0%	17%	18.6%	0%	18.4%	0%	20%	15.8%	22.6%	20.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	136.8	139.8	150.8	160.1	144.1	183.8	153	149.3	197.7	173.3	187.2
EPS (basic)	10.2	18.4	9.76	10.3	-0.94	19.9	-4.49	6.76	7.54	10	10
EPS (diluted)	10.2	18	9.56	10.2	-1	19.5	-4.49	6.74	7.5	9.99	11
Book value per share	107.3	127.7	117.4	157.4	172.3	161.7	85.7	81.9	84.3	101.1	91.5
FCF per share	34.6	31.5	51.9	48.5	21.1	25.3	13.9	17.9	23.8	17.8	31.5
Cash per share	821.3	862	899.1	1K	1.1K	1K	885.2	937.4	185.7	207.6	113.4

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Payout ratio	29.4%	16.3%	37.2%	38.7%	-1.2K%	20.3%	-108.5%	73.6%	66.4%	51.6%	49.9%
Dividend yield	2.91%	2.64%	4.47%	4.32%	5.72%	4.33%	4.91%	4.9%	4.46%	4.85%	4.82%

Yield

4.82%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.40

ex-dividend Aug 25, 2026

Payout ratio

50%

of earnings

Dividend growth

17 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Aug 25, 2026	$1.40
May 26, 2026	$1.40
Feb 17, 2026	$1.40

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	$8.4B	$8.7B	$23.6B	$14.9B	$19.5B	$12.6B	$13.5B	$13.8B	$17.9B	$15.7B	$15.5B	$15.7B
YoY change	-58.3%	-34.7%	+38.1%	+10.5%	+131.4%	+45.4%	-42.5%	-7.57%	-8.1%	+24%	+14.8%	+13.7%

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	352.8B	368.1B	375.5B	412.9B	434.4B	391.9B	329.6B	340.7B	66.4B	73B
Receivables	—	—	—	—	—	—	19B	27.3B	37.7B	44.1B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	4.6B	3.2B	10.4B	5.1B	9.4B	6.4B	4B	4.2B	3.8B	3.8B
Total assets	—	—	—	—	—	—	—	—	735.6B	773.7B
Accounts payable	—	—	—	—	—	—	5.7B	15.7B	17.1B	18.8B
Short-term debt	1.1B	1.4B	2.5B	2.2B	1.2B	1B	1.1B	873M	1.2B	1.7B
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	20.2B	18.7B	18.3B	19.6B	19.7B	18.6B	20B	20B	20.4B	21.3B
Total liabilities	—	—	—	—	—	—	—	—	705.5B	738.2B
Shareholders' equity	46.1B	54.5B	49B	63.7B	68.2B	62.6B	31.9B	29.8B	30.1B	35.6B
Total debt	21.3B	20.1B	20.8B	21.9B	20.9B	19.6B	21.1B	20.9B	21.6B	23B
Net debt	7.2B	5.6B	5.4B	5.5B	7.2B	6.7B	3.8B	1.5B	3.1B	3.2B

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	317.3B	340.7B	343.2B	63.3B	68.1B	66.4B	70.9B	70.9B	71.4B	73B	83.5B	86.1B
Receivables	—	27.3B	27.9B	27.7B	29.6B	37.7B	44B	44.2B	44.9B	44.1B	43.2B	44.2B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	1B	4.2B	968M	892M	976M	3.8B	892M	900M	860M	3.8B	764M	732M
Total assets	—	—	725.8B	715.2B	760.3B	735.6B	739.3B	759B	776.3B	773.7B	765.4B	783.6B
Accounts payable	—	15.7B	15.7B	15.6B	17.4B	17.1B	17.3B	17.1B	17.9B	18.8B	19.3B	19.9B
Short-term debt	845M	873M	840M	843M	1.2B	1.2B	1.7B	1.6B	1.6B	1.7B	1.2B	1.2B
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	19.4B	20B	20.2B	20.3B	20.3B	20.4B	20.7B	20.2B	20.4B	21.3B	21.9B	23.5B
Total liabilities	—	—	—	685.1B	727.7B	705.5B	707B	—	—	—	—	749B
Shareholders' equity	26.9B	29.8B	29.4B	30.1B	32.6B	30.1B	32.2B	33.1B	34.8B	35.6B	34.9B	34.6B
Total debt	20.3B	20.9B	21.1B	21.1B	21.5B	21.6B	22.4B	21.8B	22.1B	23B	23.1B	24.6B
Net debt	3.4B	1.5B	2.4B	4B	1.3B	3.1B	6.3B	5.1B	4.6B	3.2B	7.2B	9.5B

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	4.4B	8B	4.1B	4.2B	-146M	8.9B	-1.7B	2.5B	2.8B	3.7B
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	846M	-5B	1.7B	2.8B	-7.2B	-4B	-5.6B	-5.6B	-4.1B	-6.9B
Operating cash flow	3.4B	484M	3.5B	4.4B	-10B	2.8B	-9.5B	-5.3B	-3.4B	6.3B
Capital expenditure	—	—	—	—	—	—	—	—	—	—
Investing cash flow	-19.9B	-9.7B	-18.1B	-13.2B	-16.1B	-6.1B	-8.2B	-10B	-25.3B	-24.3B
Dividends paid	-1.3B	-1.3B	-1.5B	-1.6B	-1.8B	-1.8B	-1.8B	-1.8B	-1.9B	-1.9B
Share repurchases	-2.1B	-1.3B	-1.5B	-2.5B	-500M	-2.5B	-1.5B	-1B	-1B	-1B
Financing cash flow	2.2B	-2.3B	-476M	-1.8B	4.2B	-3.3B	6.3B	7.8B	15.3B	18.8B
Net change in cash	-14.3B	-11.5B	-15.1B	-10.6B	-21.9B	-6.5B	-11.4B	-7.5B	-13.4B	736M
Free cash flow	14.9B	13.5B	21.7B	19.6B	8.4B	9.8B	5.2B	6.5B	8.5B	6.3B

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	-791M	1.3B	1.2B	1.2B	451M	73M	742M	566M	1.5B	941M	606M	1B
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-1.1B	-1.4B	-770M	-1.4B	-2.4B	439M	-4.2B	-2.4B	-712M	449M	-1.3B	54M
Operating cash flow	-2.4B	-674M	-190M	-782M	-2.5B	66M	-3.9B	1.2B	4.3B	3.3B	1B	2.3B
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	-2.5B	-2B	-10.1B	-4.5B	-4.2B	-6.5B	-5.3B	-6B	-7.9B	-5.1B	-9.9B	-6B
Dividends paid	-458M	-455M	-483M	-472M	-469M	-467M	-491M	-481M	-479M	-475M	-502M	-490M
Share repurchases	-250M	-258M	-242M	-251M	-253M	-254M	-246M	-250M	-250M	-254M	-246M	-250M
Financing cash flow	2B	3.3B	3.5B	3.5B	5.4B	2.9B	4.8B	4.8B	4.5B	4.6B	3.8B	4.7B
Net change in cash	-2.9B	610M	-6.8B	-1.8B	-1.2B	-3.5B	-4.4B	-16M	931M	2.8B	-5.1B	1.1B
Free cash flow	2.8B	1.1B	5.2B	-146M	1.1B	2.3B	-2.5B	1.2B	4.3B	3.3B	1B	2.3B

Prudential Financial, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

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