The PNC Financial Services Group, Inc. (PNC) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
Loading revenue history...
PNC Revenue Growth
Revenue Breakdown (FY 2023)
PNC's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
PNC Revenue Analysis (2013–2024)
As of May 8, 2026, The PNC Financial Services Group, Inc. (PNC) generated trailing twelve-month (TTM) revenue of $33.80 billion, reflecting slight decline in growth of -0.6% year-over-year. The most recent quarter (Q3 2025) recorded $8.79 billion in revenue, up 5.0% sequentially.
Looking at the longer-term picture, PNC's 5-year compound annual growth rate (CAGR) stands at +10.3%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $33.69 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows PNC's business is primarily driven by Retail Banking 1 (55%), Corporate & Institutional Banking (39%), and Asset Management Group (6%). With over half of revenue concentrated in Retail Banking 1, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including USB, TFC, and RF. Compare PNC vs USB →
PNC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PNCCurrent | $33.8B | -0.6% | +10.3% | 21.5% | |
 USB | $42.9B | - | - | 22.2% | |
 TFC | $24.3B | - | - | -2.5% | |
 RF | $9.6B | - | - | 28.5% | |
 CFG | $12.3B | - | - | 15.3% | |
 HBAN | $12.5B | - | - | 21.5% |
PNC Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $33.69B | - | $20.01B | 59.4% | $7.24B | 21.5% |
| 2023 | $31.90B | - | $20.75B | 65.0% | $6.74B | 21.1% |
| 2022 | $23.54B | - | $20.64B | 87.7% | $7.47B | 31.8% |
| 2021 | $19.70B | - | $19.99B | 101.5% | $6.99B | 35.5% |
| 2020 | $18.26B | - | $13.73B | 75.2% | $3.43B | 18.8% |
| 2019 | $20.64B | - | $16.07B | 77.9% | $5.49B | 26.6% |
| 2018 | $19.05B | - | $15.78B | 82.8% | $5.49B | 28.8% |
| 2017 | $18.04B | - | $15.89B | 88.1% | $5.49B | 30.4% |
| 2016 | $16.42B | - | $14.73B | 89.7% | $5.25B | 32.0% |
| 2015 | $16.27B | - | $14.97B | 92.0% | $5.51B | 33.8% |
Full PNC Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See PNC's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs PNC Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare PNC vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonPNC — Frequently Asked Questions
Quick answers to the most common questions about buying PNC stock.
Is PNC's revenue growth accelerating or slowing?
PNC revenue growth slowed to -0.6%, below the 5-year CAGR of +10.3%. TTM revenue is $33.8B. The deceleration marks a shift from historical growth rates.
What is PNC's long-term revenue growth rate?
The PNC Financial Services Group, Inc.'s 5-year revenue CAGR of +10.3% reflects the variable expansion pattern. Current YoY growth of -0.6% is near this long-term average.
How is PNC's revenue distributed by segment?
PNC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.