Filing Flows › PNC Financial Services Group (PNC) › Q1 2026
PNC Financial Services Group (PNC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
PNC Financial Services Group (PNC) reported revenue of $6.2B for the first quarter 2026 (Q1 2026), +13% from a year earlier and +2% from the quarter before. Operating margin was 35.5%, net earnings $1.7B (27.2% of revenue).
PNC Financial Services Group, Q1 2026: revenue $6.2B (+13% year over year), operating margin 35.5%, net earnings $1.7B, operating cash flow $1.9B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.2B | +2% | +13% |
| Operating profit | $2.2B | -6% | +18% |
| Net earnings | $1.7B | -13% | +20% |
| Operating cash flow | $1.9B | +155% | — |
What changed
Revenue was $6.2B in Q1 2026, up 13% year over year and up 2% from the previous quarter.
Operating profit was $2.2B, a 35.5% margin (up 1.6 points year over year). Of the extra revenue versus Q1 2025, 48% reached operating profit, above the 34% margin then. Total costs grew 10% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $1.7B, up 20% year over year. The effective tax rate was 19.0%.
Operating cash flow was $1.9B, 109% of net income including minority interests. Non-cash charges added back $0.07B of depreciation and amortization.
Questions
What was PNC Financial Services Group's revenue in the first quarter 2026?
PNC Financial Services Group (PNC) reported revenue of $6.2B for the first quarter 2026 (Q1 2026), +13% from a year earlier and +2% from the quarter before.
Was PNC Financial Services Group profitable in the first quarter 2026?
Operating profit was $2.2B (35.5% of revenue) and net earnings $1.7B.