Filing Flows › PNC Financial Services Group (PNC) › Q1 2025
PNC Financial Services Group (PNC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
PNC Financial Services Group (PNC) reported revenue of $5.5B for the first quarter 2025 (Q1 2025), +6% from a year earlier and -2% from the quarter before. Operating margin was 33.9%, net earnings $1.4B (25.7% of revenue).
PNC Financial Services Group, Q1 2025: revenue $5.5B (+6% year over year), operating margin 33.9%, net earnings $1.4B, operating cash flow −$509M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.5B | -2% | +6% |
| Operating profit | $1.8B | -3% | +11% |
| Net earnings | $1.4B | -7% | +13% |
| Operating cash flow | −$509M | — | — |
What changed
Revenue was $5.5B in Q1 2025, up 6% year over year and down 2% from the previous quarter.
Operating profit was $1.8B, a 33.9% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 32% margin then. Total costs grew 3% against revenue growth of 6%. The fastest-growing cost line was Sales & marketing (+33%). Net earnings were $1.4B, up 13% year over year. The effective tax rate was 18.8%.
Operating cash flow was −$0.51B. Non-cash charges added back $0.09B of depreciation and amortization. Working capital and other items used $2.1B.
Questions
What was PNC Financial Services Group's revenue in the first quarter 2025?
PNC Financial Services Group (PNC) reported revenue of $5.5B for the first quarter 2025 (Q1 2025), +6% from a year earlier and -2% from the quarter before.
Was PNC Financial Services Group profitable in the first quarter 2025?
Operating profit was $1.8B (33.9% of revenue) and net earnings $1.4B.