PNC Financial Services (PNC) income statement
NYSE · Financial Services · Banks - Regional · 55,572 employees · CEO William S. Demchak
- Price
- $227.86 -1.71%
- Market cap
- $90.5B
- Enterprise value
- $140B
- Last report
- Q3 '26 filed 2026-10-15
- Next report
- 2027-01-15
PNC Financial Services (PNC) reported revenue of $9.36B for Q3 '26 (+6.6% year on year), operating income of $2.62B (28.0% of revenue) and net income of $2.08B. Over the last four quarters revenue was $35.7B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.47B | $8.38B | $7.94B | $8.84B | $8.53B | $8.1B | $8.38B | $8.78B | $8.72B | $8.64B | $9.02B | $9.36B | |
| Cost of revenue | $3.34B | $3.39B | $3.52B | $3.65B | $3.12B | $2.87B | $2.97B | $3.03B | $2.79B | $2.69B | $2.78B | $2.99B | |
| Gross profit | $5.13B | $4.99B | $4.42B | $5.19B | $5.41B | $5.23B | $5.41B | $5.75B | $5.93B | $5.96B | $6.24B | $6.37B | |
| Sales & marketing | $74M | $64M | $93M | $93M | $112M | $85M | $99M | $93M | $101M | $87M | $110M | $106M | |
| General & administrative | $1.98B | $1.79B | $1.78B | $1.87B | $1.86B | $1.89B | $1.89B | $1.97B | $2.03B | $2.11B | $2.27B | $2.73B | |
| Other operating expenses | $2.02B | $1.48B | $728M | $1.37B | $1.54B | $1.41B | $1.4B | $1.4B | $1.47B | $1.58B | $1.27B | $917M | |
| Operating expenses | $4.07B | $3.33B | $2.6B | $3.33B | $3.51B | $3.39B | $3.38B | $3.46B | $3.6B | $3.77B | $3.65B | $3.75B | |
| Operating income | $1.06B | $1.66B | $1.82B | $1.86B | $1.91B | $1.85B | $2.02B | $2.29B | $2.33B | $2.19B | $2.59B | $2.62B | |
| Interest income | $6.5B | $6.5B | $6.57B | $6.82B | $6.49B | $6.13B | $6.27B | $6.53B | $6.38B | $6.44B | $6.69B | $7B | |
| Interest expense | $3.1B | $3.24B | $3.27B | $3.41B | $2.97B | $2.65B | $2.72B | $2.88B | $2.65B | $2.48B | $2.59B | $2.8B | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.8B | |
| Income before tax | $1.06B | $1.66B | $1.82B | $1.86B | $1.91B | $1.85B | $2.02B | $2.29B | $2.33B | $2.19B | $2.59B | $2.62B | |
| Income tax | $172M | $312M | $342M | $357M | $278M | $347M | $381M | $465M | $296M | $415M | $531M | $525M | |
| Net income | $864M | $1.33B | $1.46B | $1.49B | $1.61B | $1.48B | $1.63B | $1.81B | $2.02B | $1.76B | $2.04B | $2.08B | |
| EPS (basic) | $1.85 | $3.10 | $3.39 | $3.50 | $3.77 | $3.52 | $3.86 | $4.36 | $4.88 | $4.13 | $4.81 | $4.98 | |
| EPS (diluted) | $1.85 | $3.10 | $3.39 | $3.49 | $3.77 | $3.51 | $3.85 | $4.35 | $4.88 | $4.13 | $4.81 | $4.97 | |
| Shares (basic, weighted) | 400M | 400M | 400M | 399M | 399M | 398M | 397M | 396M | 394M | 411M | 404M | 401M | |
| Shares (diluted, weighted) | 401M | 400M | 400M | 400M | 399M | 398M | 397M | 396M | 394M | 411M | 404M | 401M | |
| Depreciation & amortization | $43M | $37M | $37M | $21M | $164M | $90M | $82M | $101M | $108M | $66M | $107M | $0 | |
| EBITDA | $1.1B | $1.69B | $1.86B | $1.88B | $2.07B | $1.94B | $2.11B | $2.39B | $2.44B | $2.25B | $2.69B | $5.42B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.4B | $18B | $19.1B | $20.6B | $18.3B | $19.7B | $23.5B | $31.9B | $33.7B | $34B | |
| Cost of revenue | $1.69B | $2.15B | $3.27B | $4.57B | $4.54B | -$292M | $2.89B | $11.2B | $13.7B | $11.7B | |
| Gross profit | $14.7B | $15.9B | $15.8B | $16.1B | $13.7B | $20B | $20.6B | $20.7B | $20B | $22.3B | |
| Sales & marketing | $247M | $244M | $285M | $301M | $236M | $319M | $355M | $350M | $362M | $378M | |
| General & administrative | $4.87B | $5.27B | $5.47B | $5.65B | $5.67B | $7.14B | $7.24B | $7.43B | $7.3B | $7.78B | |
| Other operating expenses | $4.36B | $4.89B | $4.54B | $4.63B | $4.39B | $5.54B | $5.57B | $6.23B | $5.11B | $5.67B | |
| Operating expenses | $9.48B | $10.4B | $10.3B | $10.6B | $10.3B | $13B | $13.2B | $14B | $12.8B | $13.8B | |
| Operating income | $5.25B | $5.49B | $5.49B | $5.49B | $3.43B | $6.99B | $7.47B | $6.74B | $7.24B | $8.49B | |
| Interest income | $9.65B | $10.8B | $12.6B | $13.8B | $11.3B | $11.1B | $15.4B | $24.3B | $26.4B | $25.3B | |
| Interest expense | $1.26B | $1.71B | $2.86B | $3.8B | $1.36B | $487M | $2.42B | $10.4B | $12.9B | $10.9B | |
| Income before tax | $5.25B | $5.49B | $5.49B | $5.49B | $3.43B | $6.99B | $7.47B | $6.74B | $7.24B | $8.49B | |
| Income tax | $1.27B | $102M | $928M | $901M | $426M | $1.26B | $1.36B | $1.09B | $1.29B | $1.49B | |
| Net income | $3.9B | $5.34B | $5.3B | $5.37B | $7.52B | $5.67B | $6.04B | $5.58B | $5.89B | $6.94B | |
| EPS (basic) | $7.42 | $10.49 | $10.79 | $11.43 | $6.36 | $12.71 | $13.86 | $12.80 | $13.76 | $16.62 | |
| EPS (diluted) | $7.30 | $10.36 | $10.71 | $11.39 | $6.36 | $12.70 | $13.85 | $12.79 | $13.74 | $16.59 | |
| Shares (basic, weighted) | 494M | 481M | 467M | 447M | 427M | 426M | 412M | 401M | 399M | 394M | |
| Shares (diluted, weighted) | 500M | 486M | 470M | 448M | 427M | 426M | 412M | 401M | 400M | 394M | |
| Depreciation & amortization | $1.19B | $1.12B | $1.13B | $1.32B | $1.5B | $1.77B | $651M | $217M | $259M | $381M | |
| EBITDA | $6.45B | $6.61B | $6.62B | $6.81B | $4.93B | $8.76B | $8.12B | $6.95B | $7.5B | $8.87B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01