Truist Financial Corporation (TFC) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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TFC Revenue Growth
Revenue Breakdown (FY 2016)
TFC's revenue distribution by segment and geography for fiscal year 2016
By Product/Segment
TFC Revenue Analysis (2013–2024)
As of May 8, 2026, Truist Financial Corporation (TFC) generated trailing twelve-month (TTM) revenue of $30.43 billion, reflecting modest growth of +0.1% year-over-year. The most recent quarter (Q3 2025) recorded $7.84 billion in revenue, up 3.8% sequentially.
Looking at the longer-term picture, TFC's 5-year compound annual growth rate (CAGR) stands at +10.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $29.95 billion in 2023.
Revenue diversification analysis shows TFC's business is primarily driven by Community Banking (0%), Financial Services (0%), and Residential Mortgage Banking (0%).
When compared to Financial Services sector peers including USB, PNC, and RF. Compare TFC vs USB →
TFC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TFCCurrent | $30.4B | +0.1% | +10.6% | -2.5% | |
 USB | $42.9B | - | - | 22.2% | |
 PNC | $33.7B | - | - | 21.5% | |
 RF | $9.6B | - | - | 28.5% | |
 CFG | $12.3B | - | - | 15.3% | |
 HBAN | $12.5B | - | - | 21.5% |
TFC Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $24.25B | - | $11.41B | 47.0% | $-601,000,000 | -2.5% |
| 2023 | $29.95B | - | $17.91B | 59.8% | $-765,000,000 | -2.6% |
| 2022 | $22.29B | - | $19.20B | 86.1% | $7.03B | 31.5% |
| 2021 | $23.06B | - | $23.11B | 100.2% | $7.99B | 34.7% |
| 2020 | $24.43B | - | $20.37B | 83.4% | $5.47B | 22.4% |
| 2019 | $14.66B | - | $11.95B | 81.5% | $4.02B | 27.4% |
| 2018 | $13.00B | - | $10.99B | 84.6% | $4.06B | 31.2% |
| 2017 | $12.16B | - | $10.77B | 88.6% | $3.33B | 27.4% |
| 2016 | $11.54B | - | $10.22B | 88.6% | $3.50B | 30.3% |
| 2015 | $10.63B | - | $9.46B | 89.1% | $2.92B | 27.5% |
Full TFC Stock Analysis
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Start ComparisonTFC — Frequently Asked Questions
Quick answers to the most common questions about buying TFC stock.
Is TFC's revenue growth accelerating or slowing?
TFC revenue growth slowed to +0.1%, below the 5-year CAGR of +10.6%. TTM revenue is $30.4B. The deceleration marks a shift from historical growth rates.
What is TFC's long-term revenue growth rate?
Truist Financial Corporation's 5-year revenue CAGR of +10.6% reflects the variable expansion pattern. Current YoY growth of +0.1% is near this long-term average.
How is TFC's revenue distributed by segment?
TFC 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.