PNC · Q1 FY25 · Jan 1 – Mar 31, 2025
PNC Financial Services Q1 FY25: where the revenue came from and where it went
PNC Financial Services Q1 FY25: revenue $5.5B (+6% year over year). Net profit $1.5B. Largest cohort Retail banking $3.5B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Jan 1 – Mar 31, 2025
- Reported
- May 2, 2025
Tap the diagram to enlarge · figures in billions of dollars
Revenue$5.45B
+6% year over year
Operating profit$1.85B
34% margin
Net profit$1.50B
27% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 5.45 | 100% | +6% |
| Retail banking | 3.53 | 65% | |
| Corporate institutional | 0.67 | 12% | |
| Retail Banking1 | 0.61 | 11% | |
| Asset group segment | 0.43 | 8% | |
| Asset management group | 0.24 | 4% | |
| Compensation | −1.89 | 35% | +0pp |
| Occupancy | −0.25 | 4% | +0pp |
| Marketing | −0.09 | 2% | +0pp |
| Other | −1.39 | 25% | +0pp |
| Operating profit | 1.85 | 34% margin | +2pp |
| Tax | −0.35 | ||
| Net profit | 1.50 | 27% | +1pp |
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