Saturday 17 October 2026 Export PNC’s income statement to Excel — free account

The PNC Financial Services Group, Inc

The PNC Financial Services Group, Inc’s revenue for fiscal 2025 (year ended December 2025) was $34.0 billion, down 1.29% from fiscal 2024. In the quarter to September 2026, revenue grew 6.44%, EPS grew 19.9%, free cash flow grew 45.1% and total debt rose 32.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.

217.39 2.45 +1.14%

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Market cap: $85.8B
P/E: 11.4×
Fwd P/E: 12.4×
Dividend yield: 3.40%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 0.00

Total sells 27.22

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	1	—	—	—	—	—	—	—
Sell	1	—	—	4	—	—	1	3	1	1	—	—

Insider Ownership 0.87%

Capital & Financial Ratios $m

Market Cap 85,750.00

Revenue 36,190.00

Net Income 7,682.00

Free Cash Flow 7,488.00

Net Debt 46,636.00

Current Ratio 0.84

Debt/Equity 1.23

P/E ratio 11.41

Fwd P/E 12.40

P/S ratio 2.41

P/B ratio 1.40

Past 5Y EPS Growth (0.44%)

This Y EPS Growth 14.44%

Next Y EPS Growth 13.22%

Next Y revenue growth (46.43%)

Next 5Y EPS Growth 12.83%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 28.97%

10-year low 10-year high

P/S against its own 10 years 29.78%

10-year low 10-year high

P/B against its own 10 years 67.53%

10-year low 10-year high

Dividends

Payout Ratio 0.39

Annual Dividend Rate 7.40

Annual Dividend Yield 3.40%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	5.08	1.70 1.70 2.00 2.00
2025	4.43	1.60 1.60 1.70 1.70
2024	6.30	1.55 1.55 1.60 1.60
2023	6.10	1.50 1.50 1.55 1.55
2022	5.75	1.25 1.50 1.50 1.50
2021	4.80	1.15 1.15 1.25 1.25
2020	4.60	1.15 1.15 1.15 1.15
2019	4.20	0.95 0.95 1.15 1.15
2018	3.40	0.75 0.75 0.95 0.95
2017	2.60	0.55 0.55 0.75 0.75
2016	2.12	0.51 0.51 0.55 0.55

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	50,725	46,251	39,713	30,425
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	368,176	359,082	368,723	407,434

	2023	2024	2025	Q'26
Payables	421,418	426,738	440,866	466,362
ST’ Debt	—	—	—	—
Other	—	—	—	—
	437,039	443,177	455,017	484,799

Compound Annual Growth %

	10y	5y	3y
Sales	7.65%	13.23%	13.03%
Cash Flow	(2.29%)	(1.21%)	(21.56%)
Earnings	5.46%	19.35%	4.83%
Book Value	2.81%	2.33%	9.80%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	8,648	9,462	9,360	—	—
’25	8,106	8,376	8,794	8,720	33,996
’24	8,381	8,677	8,844	8,538	34,440
’23	7,677	7,727	8,018	8,460	31,882
’22	4,802	5,346	6,206	7,188	23,542
’21	4,355	4,787	5,316	5,240	19,698
’20	5,025	4,404	4,473	4,360	18,262

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,928	2,147	—	—	—
’25	(509)	1,480	2,656	757	4,384
’24	1,758	1,035	3,287	1,800	7,880
’23	1,876	3,256	115	4,864	10,111
’22	(989)	2,632	3,394	4,046	9,083
’21	780	1,415	1,525	3,494	7,214
’20	(696)	3,027	393	1,935	4,659

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,928	2,147	—	—	—
’25	(509)	1,480	2,656	757	4,384
’24	1,758	1,035	3,287	1,800	7,880
’23	1,876	3,256	115	4,864	10,111
’22	(989)	2,632	3,394	4,046	9,083
’21	780	1,415	1,525	3,494	7,214
’20	(696)	3,027	393	1,935	4,659

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	4.13	4.81	5.23	—	—
’25	3.51	3.85	4.35	4.88	16.59
’24	3.10	3.39	3.49	3.77	13.74
’23	3.98	3.36	3.60	1.85	12.79
’22	3.23	3.39	3.78	3.47	13.85
’21	4.10	2.43	3.30	2.86	12.70
’20	1.95	8.40	3.39	3.26	16.96

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	77.40	113.66	108.45	114.85	79.41	141.60	143.52	109.40	139.69	145.12	Analyst estimates 2026–2028 Powerpack
	High	118.57	147.28	163.59	161.79	161.25	217.60	228.14	169.07	216.26	214.59
People
People	Employees	52,006	52,906	53,063	51,918	51,257	59,426	61,545	56,411	55,184	55,333
	Revenue/emp, $m	0.32	0.34	0.36	0.40	0.36	0.33	0.38	0.57	0.62	0.61
Income, $m
Income, $m	Revenue	16,423	18,035	19,051	20,636	18,262	19,698	23,542	31,882	34,440	33,996
	Gross margin, %	92.32	90.54	84.98	81.60	92.55	97.53	89.71	67.40	62.59	67.95
	EBT	5,253	5,490	5,486	5,492	3,429	6,988	7,473	6,736	7,242	8,486
	EBT margin, %	31.99	30.44	28.80	26.61	18.78	35.48	31.74	21.13	21.03	24.96
	Net income	3,985	5,388	5,346	5,418	7,558	5,725	6,113	5,647	5,953	6,997
	Depreciation	1,193	1,117	1,129	1,315	1,497	1,773	651	217	259	381
Per share, $
Per share, $	Revenue	33.24	37.49	40.79	46.17	42.77	46.24	57.14	79.51	86.32	85.85
	Earnings	7.42	10.49	10.79	11.43	16.99	12.71	13.86	12.80	13.76	16.60
	Cash flow	7.09	11.60	16.79	16.47	10.91	16.93	22.05	25.21	19.75	11.07
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	7.09	11.60	16.79	16.47	10.91	16.93	22.05	25.21	19.75	11.07
	Book value	94.85	98.93	102.29	110.39	126.56	130.81	111.19	127.53	136.51	153.12
	Shares, m	494	481	467	447	427	426	412	401	399	396
Valuation, ×
Valuation, ×	P/E	15.90	13.75	10.83	13.95	8.75	15.76	11.50	12.24	14.02	12.56
	P/S	3.55	3.86	2.87	3.46	3.48	4.34	2.79	1.97	2.23	2.43
	P/B	1.24	1.46	1.14	1.45	1.18	1.53	1.43	1.23	1.41	1.36
	EV/Sales	4.64	4.99	4.75	5.00	0.47	1.72	3.83	2.56	2.59	2.94
	EV/FCF	21.78	16.14	11.54	14.01	1.85	4.71	9.92	8.08	11.33	22.82
Cash, $m
Cash, $m	Operating cash flow	3,500	5,579	7,840	7,363	4,659	7,214	9,083	10,111	7,880	4,384
	Capex	—	—	—	—	—	(950)	(50)	—	—	—
	Free cash flow	3,500	5,579	7,840	7,363	4,659	7,214	9,083	10,111	7,880	4,384
Balance, $m
Balance, $m	Working capital	(25,181)	(19,452)	(35,730)	(33,713)	(44,505)	(102,030)	(95,387)	(68,863)	(84,095)	(86,294)
	Total debt	48,530	54,299	52,414	60,263	37,195	30,784	58,713	69,711	58,601	54,658
	Net debt	17,940	20,455	35,913	31,789	(54,995)	(51,470)	24,350	18,986	12,350	14,945
	Shareholders’ equity	46,854	47,585	47,770	49,343	54,041	55,726	45,812	51,141	54,469	60,636
Returns, %
Returns, %	ROA	1.01	1.35	1.33	1.08	0.62	1.06	1.02	0.92	0.98	1.16
	ROIC	5.07	5.04	4.10	4.23	0.00	102.62	6.66	6.00	6.77	7.02
	ROE	7.89	10.70	10.62	8.82	5.25	9.86	11.24	10.57	10.41	11.43

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 16 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MFG Mizuho Financial Group, Inc.	$124.4B	2.3×	13.9×	+12.59% (above 0%: growing)	+54.65% (above 0%: growing)	+15.81% (above 0%: growing)	52.09%	0.00%	Compare
HDB HDFC Bank Limited	$120.9B	16.0×	—	−9.36% (below 0%: shrinking)	+8.11% (above 0%: growing)	−1.95% (below 0%: shrinking)	64.22%	0.00%	Compare
IBN ICICI Bank Limited	$105.7B	18.5×	—	−3.19% (below 0%: shrinking)	+2.33% (above 0%: growing)	−61.24% (below 0%: shrinking)	71.06%	0.00%	Compare
USB U.S. Bancorp	$89.4B	11.3×	10.9×	+2.26% (above 0%: growing)	+16.16% (above 0%: growing)	+151.96% (above 0%: growing)	70.62%	0.00%	Compare
PNC The PNC Financial Services Group, Inc	$85.8B	11.4×	12.4×	+6.44% (above 0%: growing)	+19.94% (above 0%: growing)	+45.07% (above 0%: growing)	70.11%	0.00%
LYG Lloyds Banking Group PLC	$78.4B	15.5×	—	−67.58% (below 0%: shrinking)	+413.83% (above 0%: growing)	+62.30% (above 0%: growing)	100.00%	0.00%	Compare
NU Nu Holdings Ltd.	$71.2B	19.7×	14.5×	+50.29% (above 0%: growing)	+69.23% (above 0%: growing)	−102.15% (below 0%: shrinking)	71.77%	0.00%	Compare
NWG NatWest Group plc	$69.2B	9.9×	8.4×	+14.08% (above 0%: growing)	+77.78% (above 0%: growing)	−47.36% (below 0%: shrinking)	59.01%	0.00%	Compare
DB Deutsche Bank Aktiengesellschaft	$61.8B	7.6×	8.4×	+5.77% (above 0%: growing)	+160.96% (above 0%: growing)	+127.23% (above 0%: growing)	57.34%	0.00%	Compare
Median of peers	$83.9B	13.4×	10.9×	+4.02%	+61.94%	+6.93%	67.42%	0.00%

All 323 Banks Regional stocks →

The PNC Financial Services Group, Inc (PNC) key facts

Concern: The PNC Financial Services Group, Inc’s revenue for fiscal 2025 (year ended December 2025) was $34.0 billion, down 1.29% from fiscal 2024.
The PNC Financial Services Group, Inc (PNC) is a Banks Regional company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, PNC traded at $217.39, a market capitalization of $85.8 billion.
The PNC Financial Services Group, Inc pays an annual dividend of $7.40 per share, a yield of 3.40%, with a payout ratio of 38.9%.
Return on equity was 11.4% and debt-to-equity 1.23.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.