PerpEquities

Equity · Financial services

Is PNC Financial Services (PNC) tradable as a perp? Not yet

PNC Financial Services is a US diversified financial institution providing retail banking, corporate and institutional banking, and asset management services.

Not yet listed on any perp exchange

No perpetual-futures venue lists PNC yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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Company data

Company fundamentals

Updated 2h ago
Market cap
$93B
Updated 2h ago
Revenue
$35.2B
Trailing 12 months
Revenue growth
-23%
Next fiscal year
Profit margin
+21.7%
P/E
12.8
Peer P/E 24.0
Free cash flow
$7.5B
Trailing 12 months
More metrics
Net income
$7.6B
Trailing 12 months
P/S
2.6
Peer P/E
24.0
Similar listed perps
Revenue estimate
$26.3B
Next fiscal year
Earnings
2026-10-15
Revenue est. $6.6B · Updated 2h ago
Dividend
$2
2026-07-20

Fundamental detail

Annual + quarterly
Latest revenue$34B
Net margin+20.4%
Free cash flow$4.4B
Net debt$17.4B
2020$18.3B
2021$19.7B
2022$23.5B
2023$31.9B
2024$33.7B
2025$34B
PeriodRevenueGrowthNet incomeFCF
2020$18.3B-12%$7.5B$4.7B
2021$19.7B+8%$5.7B$7.2B
2022$23.5B+19%$6B$9.1B
2023$31.9B+36%$5.6B$10.1B
2024$33.7B+6%$5.9B$7.9B
2025$34B+1%$6.9B$4.4B
PeriodGross marginOperating marginNet marginROEROA
2020+75.2%+18.8%+41.2%+13.9%+1.6%
2021+101.5%+35.5%+28.8%+10.2%+1.0%
2022+87.7%+31.8%+25.7%+13.2%+1.1%
2023+65.0%+21.1%+17.5%+10.9%+1.0%
2024+59.4%+21.5%+17.5%+10.8%+1.1%
2025+65.7%+25.0%+20.4%+11.4%+1.2%
PeriodCashDebtNet debtCurrent ratio
2020$92.2B$39.3B-$52.9B0.50
2021$82.3B$33B-$49.3B0.47
2022$34.4B$58.7B$24.4B0.19
2023$50.7B$72.7B$22B0.23
2024$46.3B$61.7B$15.4B0.15
2025$39.7B$57.1B$17.4B0.11
PeriodMarket capEnterprise valueP/SP/E
2020$63.6B$10.7B3.523.4
2021$85.4B$36.2B4.315.8
2022$65.1B$89.4B2.811.4
2023$62.1B$84.1B1.912.1
2024$76.9B$92.4B2.314.0
2025$82.2B$99.6B2.412.6
Q3 2024$8.8B
Q4 2024$8.5B
Q1 2025$8.1B
Q2 2025$8.4B
Q3 2025$8.8B
Q4 2025$8.7B
Q1 2026$8.6B
Q2 2026$9B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$8.8B+10%$1.5B$3.3B
Q4 2024$8.5B+1%$1.6B$1.8B
Q1 2025$8.1B-3%$1.5B-$509M
Q2 2025$8.4B+6%$1.6B$1.5B
Q3 2025$8.8B-1%$1.8B$2.7B
Q4 2025$8.7B+2%$2B$757M
Q1 2026$8.6B+7%$1.8B$1.9B
Q2 2026$9B+8%$2B$2.1B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+58.7%+21.1%+16.8%+2.7%+0.3%
Q4 2024+63.4%+22.3%+18.9%+3.0%+0.3%
Q1 2025+64.6%+22.8%+18.3%+2.6%+0.3%
Q2 2025+64.5%+24.2%+19.4%+2.8%+0.3%
Q3 2025+65.5%+26.1%+20.6%+3.1%+0.3%
Q4 2025+68.1%+26.7%+23.2%+3.3%+0.4%
Q1 2026+68.9%+25.3%+20.4%+2.8%+0.3%
Q2 2026+69.2%+28.7%+22.6%+3.2%+0.3%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$41.2B$68.1B$26.9B0.14
Q4 2024$46.3B$61.7B$15.4B0.15
Q1 2025$38.4B$60.7B$22.3B0.13
Q2 2025$30.4B$60.4B$30B0.11
Q3 2025$38.9B$62.3B$23.5B0.25
Q4 2025$39.7B$57.1B$17.4B0.11
Q1 2026$31.7B$66.7B$35B0.36
Q2 2026$28.7B$85.7B$57B0.08
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$73.8B$100.6B8.313.2
Q4 2024$76.9B$92.4B9.012.8
Q1 2025$70B$92.3B8.612.5
Q2 2025$74B$104B8.812.1
Q3 2025$79.6B$103B9.111.5
Q4 2025$82.2B$99.6B9.410.7
Q1 2026$85.6B$120.5B9.912.6
Q2 2026$99.5B$156.4B11.012.8

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$9BQ2 2026
$2.3B$4.5B$6.8B$9BQ3 2023: $8BQ4 2023: $8.5BQ1 2024: $8.4BQ2 2024: $7.9BQ3 2024: $8.8BQ4 2024: $8.5BQ1 2025: $8.1BQ2 2025: $8.4BQ3 2025: $8.8BQ4 2025: $8.7BQ1 2026: $8.6BQ2 2026: $9BQ3 2023Q2 2026
Net income$2BQ2 2026
$510M$1B$1.5B$2BQ3 2023: $1.6BQ4 2023: $864MQ1 2024: $1.3BQ2 2024: $1.5BQ3 2024: $1.5BQ4 2024: $1.6BQ1 2025: $1.5BQ2 2025: $1.6BQ3 2025: $1.8BQ4 2025: $2BQ1 2026: $1.8BQ2 2026: $2BQ3 2023Q2 2026
EBITDA$2.7BQ2 2026
$673.3M$1.3B$2B$2.7BQ3 2023: $1.9BQ4 2023: $1.1BQ1 2024: $1.7BQ2 2024: $1.9BQ3 2024: $1.9BQ4 2024: $2.1BQ1 2025: $1.9BQ2 2025: $2.1BQ3 2025: $2.4BQ4 2025: $2.4BQ1 2026: $2.3BQ2 2026: $2.7BQ3 2023Q2 2026
Free cash flow$2.1BQ2 2026
$834.3M$2.2B$3.5B$4.9BQ3 2023: $115MQ4 2023: $4.9BQ1 2024: $1.8BQ2 2024: $1BQ3 2024: $3.3BQ4 2024: $1.8BQ1 2025: -$509MQ2 2025: $1.5BQ3 2025: $2.7BQ4 2025: $757MQ1 2026: $1.9BQ2 2026: $2.1BQ3 2023Q2 2026
EPS$4.81Q2 2026
$1.22$2.44$3.66$4.88Q3 2023: $3.6Q4 2023: $1.85Q1 2024: $3.1Q2 2024: $3.39Q3 2024: $3.49Q4 2024: $3.77Q1 2025: $3.51Q2 2025: $3.85Q3 2025: $4.35Q4 2025: $4.88Q1 2026: $4.13Q2 2026: $4.81Q3 2023Q2 2026
Cash / Debt$28.7BQ2 2026
$21.4B$42.9B$64.3B$85.7BQ3 2023 · Cash: $46.8BQ3 2023 · Debt: $66.2BQ4 2023 · Cash: $50.7BQ4 2023 · Debt: $72.7BQ1 2024 · Cash: $59.5BQ1 2024 · Debt: $72.7BQ2 2024 · Cash: $39.3BQ2 2024 · Debt: $71.4BQ3 2024 · Cash: $41.2BQ3 2024 · Debt: $68.1BQ4 2024 · Cash: $46.3BQ4 2024 · Debt: $61.7BQ1 2025 · Cash: $38.4BQ1 2025 · Debt: $60.7BQ2 2025 · Cash: $30.4BQ2 2025 · Debt: $60.4BQ3 2025 · Cash: $38.9BQ3 2025 · Debt: $62.3BQ4 2025 · Cash: $39.7BQ4 2025 · Debt: $57.1BQ1 2026 · Cash: $31.7BQ1 2026 · Debt: $66.7BQ2 2026 · Cash: $28.7BQ2 2026 · Debt: $85.7BQ3 2023Q2 2026
CashDebt
Profitability+69.2%Q2 2026
+17.3%+34.6%+51.9%+69.2%Q3 2023 · Gross margin: +63.7%Q4 2023 · Gross margin: +60.5%Q1 2024 · Gross margin: +59.5%Q2 2024 · Gross margin: +55.7%Q3 2024 · Gross margin: +58.7%Q4 2024 · Gross margin: +63.4%Q1 2025 · Gross margin: +64.6%Q2 2025 · Gross margin: +64.5%Q3 2025 · Gross margin: +65.5%Q4 2025 · Gross margin: +68.1%Q1 2026 · Gross margin: +68.9%Q2 2026 · Gross margin: +69.2%Q3 2023 · Operating margin: +23.2%Q4 2023 · Operating margin: +12.5%Q1 2024 · Operating margin: +19.8%Q2 2024 · Operating margin: +22.9%Q3 2024 · Operating margin: +21.1%Q4 2024 · Operating margin: +22.3%Q1 2025 · Operating margin: +22.8%Q2 2025 · Operating margin: +24.2%Q3 2025 · Operating margin: +26.1%Q4 2025 · Operating margin: +26.7%Q1 2026 · Operating margin: +25.3%Q2 2026 · Operating margin: +28.7%Q3 2023 · Net margin: +19.4%Q4 2023 · Net margin: +10.2%Q1 2024 · Net margin: +15.9%Q2 2024 · Net margin: +18.4%Q3 2024 · Net margin: +16.8%Q4 2024 · Net margin: +18.9%Q1 2025 · Net margin: +18.3%Q2 2025 · Net margin: +19.4%Q3 2025 · Net margin: +20.6%Q4 2025 · Net margin: +23.2%Q1 2026 · Net margin: +20.4%Q2 2026 · Net margin: +22.6%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+7.6%Q2 2026
+0.1%+3.5%+6.9%+10.3%Q3 2024: +10.3%Q4 2024: +0.7%Q1 2025: -3.4%Q2 2025: +5.5%Q3 2025: -0.7%Q4 2025: +2.2%Q1 2026: +6.7%Q2 2026: +7.6%Q3 2023Q2 2026
Shares outstanding404MQ2 2026
102.8M205.6M308.4M411.1MQ3 2023: 400MQ4 2023: 401MQ1 2024: 400MQ2 2024: 400MQ3 2024: 400MQ4 2024: 399MQ1 2025: 398MQ2 2025: 397MQ3 2025: 396MQ4 2025: 394MQ1 2026: 411.1MQ2 2026: 404MQ3 2023Q2 2026
Valuation12.8Q2 2026
5.210.515.720.9Q3 2023 · P/E: 8.5Q4 2023 · P/E: 20.9Q1 2024 · P/E: 12.9Q2 2024 · P/E: 11.5Q3 2024 · P/E: 13.2Q4 2024 · P/E: 12.8Q1 2025 · P/E: 12.5Q2 2025 · P/E: 12.1Q3 2025 · P/E: 11.5Q4 2025 · P/E: 10.7Q1 2026 · P/E: 12.6Q2 2026 · P/E: 12.8Q3 2023 · P/S: 6.1Q4 2023 · P/S: 7.3Q1 2024 · P/S: 7.6Q2 2024 · P/S: 7.9Q3 2024 · P/S: 8.3Q4 2024 · P/S: 9.0Q1 2025 · P/S: 8.6Q2 2025 · P/S: 8.8Q3 2025 · P/S: 9.1Q4 2025 · P/S: 9.4Q1 2026 · P/S: 9.9Q2 2026 · P/S: 11.0Q3 2023Q2 2026
P/EP/S
Revenue$34B2025
$8.5B$17B$25.5B$34B2018: $19.1B2019: $20.6B2020: $18.3B2021: $19.7B2022: $23.5B2023: $31.9B2024: $33.7B2025: $34B20182025
Net income$6.9B2025
$1.9B$3.8B$5.6B$7.5B2018: $5.3B2019: $5.4B2020: $7.5B2021: $5.7B2022: $6B2023: $5.6B2024: $5.9B2025: $6.9B20182025
EBITDA$8.9B2025
$2.2B$4.4B$6.7B$8.9B2018: $6.6B2019: $6.8B2020: $4.9B2021: $8.8B2022: $8.1B2023: $7B2024: $7.5B2025: $8.9B20182025
Free cash flow$4.4B2025
$2.5B$5.1B$7.6B$10.1B2018: $7.8B2019: $7.4B2020: $4.7B2021: $7.2B2022: $9.1B2023: $10.1B2024: $7.9B2025: $4.4B20182025
EPS$16.62025
$4.15$8.3$12.4$16.62018: $10.72019: $11.42020: $6.362021: $12.72022: $13.92023: $12.82024: $13.72025: $16.620182025
Cash / Debt$39.7B2025
$23B$46.1B$69.1B$92.2B2018 · Cash: $16.5B2018 · Debt: $57.7B2019 · Cash: $28.5B2019 · Debt: $60.6B2020 · Cash: $92.2B2020 · Debt: $39.3B2021 · Cash: $82.3B2021 · Debt: $33B2022 · Cash: $34.4B2022 · Debt: $58.7B2023 · Cash: $50.7B2023 · Debt: $72.7B2024 · Cash: $46.3B2024 · Debt: $61.7B2025 · Cash: $39.7B2025 · Debt: $57.1B20182025
CashDebt
Profitability+65.7%2025
+25.4%+50.7%+76.1%+101.5%2018 · Gross margin: +82.8%2019 · Gross margin: +77.9%2020 · Gross margin: +75.2%2021 · Gross margin: +101.5%2022 · Gross margin: +87.7%2023 · Gross margin: +65.0%2024 · Gross margin: +59.4%2025 · Gross margin: +65.7%2018 · Operating margin: +28.8%2019 · Operating margin: +26.6%2020 · Operating margin: +18.8%2021 · Operating margin: +35.5%2022 · Operating margin: +31.8%2023 · Operating margin: +21.1%2024 · Operating margin: +21.5%2025 · Operating margin: +25.0%2018 · Net margin: +27.8%2019 · Net margin: +26.0%2020 · Net margin: +41.2%2021 · Net margin: +28.8%2022 · Net margin: +25.7%2023 · Net margin: +17.5%2024 · Net margin: +17.5%2025 · Net margin: +20.4%20182025
Gross marginOperating marginNet margin
Revenue growth+0.8%2025
+0.3%+12.0%+23.8%+35.5%2019: +8.3%2020: -11.5%2021: +7.9%2022: +19.5%2023: +35.5%2024: +5.6%2025: +0.8%20182025
Shares outstanding394M2025
117.5M235M352.5M470M2018: 470M2019: 448M2020: 427M2021: 426M2022: 412M2023: 401M2024: 400M2025: 394M20182025
Valuation12.62025
5.911.717.623.42018 · P/E: 10.82019 · P/E: 14.02020 · P/E: 23.42021 · P/E: 15.82022 · P/E: 11.42023 · P/E: 12.12024 · P/E: 14.02025 · P/E: 12.62018 · P/S: 2.92019 · P/S: 3.52020 · P/S: 3.52021 · P/S: 4.32022 · P/S: 2.82023 · P/S: 1.92024 · P/S: 2.32025 · P/S: 2.420182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202618.99$26.3B-23%14
FY 202721.51$27.7B-19%15
FY 202823.91$29B-15%9
FY 202919.46$23.1B-32%3
Q1 20275.05$6.7B-23%4
Q2 20275.27$6.9B-24%4

Company events

6
2026-10-15EarningsActual - / Estimate 4.91-
2026-07-20Dividend$2-
2026-07-15EarningsActual 4.85 / Estimate 4.46Beat
2026-04-15EarningsActual 4.13 / Estimate 3.93Beat
2026-04-14Dividend$1.7-
2026-01-20Dividend$1.7-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
KKR$88.7B4.229.4+15.0%1CME$99.2B14.723.3+63.1%3LYG$84.3B1.013.5+26.7%1HOOD$107.7B21.851.9+42.0%30SPGI$119.5B7.424.7+30.5%1NU$66.1B3.418.4+18.6%1PYPL$44.8B1.39.8+14.4%13BX$151B9.427.8+21.9%18

Analyst track record

How the analysts covering PNC have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings124366
Analysts2734
Buy / hold / sell89 / 30 / 5228 / 105 / 33
Upgrades / downgrades / initiations2 / 2 / 210 / 3 / 4
Price targets hit / missed27 / 90 (23%)238 / 110 (68%)
Avg. return after a rating (TipRanks)-0.6%+17.3%
Best / worst call+721.3% / -23.9%+721.3% / -23.9%

After buy calls on this stock: median 21-day move +1.0% vs S&P 500 -1.1% (n = 229)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Gerard CassidyRBC Capital100% hit rate on this stock · 18 targets measuredBuytarget $273Jul 15, 2026
  2. Vivek JunejaJ.P. Morgan100% hit rate on this stock · 18 targets measuredBuytarget $270Jul 29, 2026
  3. Ebrahim PoonawalaBank of America Securities100% hit rate on this stock · 8 targets measuredBuytarget $291Jul 16, 2026

Latest ratings

DateAnalystCallTarget
Sep 15, 2026Jason GoldbergBarclaysBuyMaintained$284article ↗
Sep 8, 2026Richard RamsdenGoldman SachsHoldMaintained$281article ↗
Sep 8, 2026Richard RamsdenGoldman SachsHoldMaintained$281
Sep 8, 2026Manan GosaliaMorgan StanleyHoldReiterated$278article ↗
Aug 6, 2026Jason GoldbergBarclaysBuyMaintained$284article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$180$200$220$240$260$280Oct 25 · Buy 15 · Hold 6 · Sell 2Oct 25Nov 25 · Buy 15 · Hold 6 · Sell 1Dec 25 · Buy 15 · Hold 6 · Sell 1Dec 25Jan 26 · Buy 15 · Hold 4 · Sell 1Feb 26 · Buy 15 · Hold 5 · Sell 1Feb 26Mar 26 · Buy 16 · Hold 5 · Sell 1Apr 26 · Buy 12 · Hold 4 · Sell 1Apr 26May 26 · Buy 14 · Hold 4 · Sell 1Jun 26 · Buy 15 · Hold 4 · Sell 1Jun 26Jul 26 · Buy 16 · Hold 5 · Sell 0Aug 26 · Buy 16 · Hold 5 · Sell 0Aug 26Sep 26 · Buy 16 · Hold 5 · Sell 0Oct 25 · avg. target $218Nov 25 · avg. target $220Dec 25 · avg. target $225Jan 26 · avg. target $239Feb 26 · avg. target $245Mar 26 · avg. target $242Apr 26 · avg. target $251May 26 · avg. target $252Jun 26 · avg. target $255Jul 26 · avg. target $277Aug 26 · avg. target $277Sep 26 · avg. target $277Oct 25 · month-end close $183Nov 25 · month-end close $191Dec 25 · month-end close $209Jan 26 · month-end close $223Feb 26 · month-end close $212Mar 26 · month-end close $208Apr 26 · month-end close $223May 26 · month-end close $221Jun 26 · month-end close $246Jul 26 · month-end close $250Aug 26 · month-end close $240Sep 26 · month-end close $232

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 124 ratings