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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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%
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$6.2B
$1.8B
0.0%
0.0%
—
$66.7B
$31.7B
Dec '25
$6.1B
$2.0B
0.0%
0.0%
—
$57.1B
$39.7B
Sep '25
$5.9B
$1.8B
0.0%
0.0%
—
$62.3B
$38.9B
Jun '25
$5.7B
$1.6B
0.0%
0.0%
—
$60.4B
$30.4B
Mar '25
$5.5B
$1.5B
0.0%
0.0%
—
$60.7B
$38.4B
Dec '24
$5.6B
$1.6B
0.0%
0.0%
—
$61.7B
$46.3B
Sep '24
$5.4B
$1.5B
0.0%
0.0%
—
$68.1B
$41.2B
Jun '24
$5.4B
$1.5B
0.0%
0.0%
—
$71.4B
$39.3B
Mar '24
$5.1B
$1.3B
0.0%
0.0%
—
$72.7B
$59.5B
Dec '23
$5.4B
$883M
0.0%
0.0%
—
$72.7B
$50.7B
Sep '23
$5.2B
$1.6B
0.0%
0.0%
—
$66.2B
$46.8B
Jun '23
$5.3B
$1.5B
0.0%
0.0%
—
$65.4B
$44.5B
Mar '23
$5.6B
$1.7B
0.0%
0.0%
—
$60.8B
$5.9B
Dec '22
$5.8B
$1.5B
0.0%
0.0%
—
$58.7B
$34.4B
Sep '22
$5.5B
$1.6B
0.0%
0.0%
—
—
$6.5B
Jun '22
$5.1B
$1.5B
0.0%
0.0%
—
—
$8.6B
Mar '22
$4.7B
$1.4B
0.0%
0.0%
—
—
$7.6B
Dec '21
$5.1B
$1.3B
0.0%
0.0%
—
—
$82.3B
Sep '21
$5.2B
$1.5B
0.0%
0.0%
—
—
$8.8B
Jun '21
$4.7B
$1.1B
0.0%
0.0%
—
—
$8.7B
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.
The price-to-earnings ratio has risen from 8.3× (Mar '23) to 14.1× (Jun '26).
The price-to-sales ratio has risen from 2.4× (Mar '23) to 4.3× (Jun '26).
The dividend yield has fallen from 4.7% (Mar '23) to 2.7% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
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.