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PNC Financials PNC Financial Services

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 6.4% per year over the past 5 years.
  • Net income has grown slower than revenue (-1.5% vs 6.4% per year).

Financial health

  • Total debt ($57.1B) exceeds cash ($39.7B); net debt is $17.4B.
  • Total debt has grown slower than revenue (-0.9% vs 6.4% per year).

Shareholder returns

  • Dividends have been paid for 15 consecutive years, consuming 37.7% of earnings.
  • The dividend has grown 5.9% per year over the past 5 years.
Revenue & net income
$0 $12B $23B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 22% 45% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1 $1 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $41B $82B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$60B -$6B $48B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $23.1B $7.0B 0.0% 0.0% $57.1B $39.7B
2024 $21.6B $6.0B 0.0% 0.0% $61.7B $46.3B
2023 $21.5B $5.6B 0.0% 0.0% $72.7B $50.7B
2022 $21.1B $6.1B 0.0% 0.0% $58.7B $34.4B
2021 $19.2B $5.7B 0.0% 0.0% $82.3B
2020 $16.9B $7.6B 0.0% 0.0% $7.0B
2019 $16.8B $5.4B 0.0% 0.0% $5.1B
2018 $16.2B $5.3B 0.0% 0.0% $5.6B
2017 $16.3B $5.4B 0.0% 0.0% $5.2B
2016 $15.2B $4.0B 0.0% 0.0%
2015 $15.2B $4.1B 0.0% 0.0%
2014 $15.4B $4.2B 0.0% 0.0%
2013 $16.0B $4.2B 0.0% 0.0%
2012 $15.5B $3.0B 0.0% 0.0%
2011 $14.3B $3.1B 0.0% 0.0%

Valuation over time

How the market has priced PNC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 7.6 15.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 2.1 4.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 2.6 5.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is PNC growing its revenue and profit?

Over the past 5 years, PNC Financial Services's revenue has grown 6.4% per year, and net income declined 1.5% per year. These are computed facts, not advice.

How much debt does PNC have?

As of FY2025, PNC Financial Services reported $57.1B of total debt against $39.7B of cash.

What is PNC's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 30.3%.

What is PNC's P/E ratio?

As of Jun '26, PNC Financial Services traded at a price-to-earnings ratio of about 14.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.