Filing Flows › PNC Financial Services Group (PNC) › Q3 2025
PNC Financial Services Group (PNC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
PNC Financial Services Group (PNC) reported revenue of $5.9B for the third quarter 2025 (Q3 2025), +9% from a year earlier and +4% from the quarter before. Operating margin was 38.7%, net earnings $1.8B (30.6% of revenue).
PNC Financial Services Group, Q3 2025: revenue $5.9B (+9% year over year), operating margin 38.7%, net earnings $1.8B, operating cash flow $2.7B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.9B | +4% | +9% |
| Operating profit | $2.3B | +13% | +23% |
| Net earnings | $1.8B | +11% | +30% |
| Operating cash flow | $2.7B | +79% | -19% |
What changed
Revenue was $5.9B in Q3 2025, up 9% year over year and up 4% from the previous quarter.
Operating profit was $2.3B, a 38.7% margin (up 4.4 points year over year). Of the extra revenue versus a year earlier, 88% reached operating profit, above the 34% margin then. Total costs grew 2% against revenue growth of 9%. Net earnings were $1.8B, up 30% year over year. The effective tax rate was 20.3%.
Operating cash flow was $2.7B (down 19% year over year), 146% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization. Working capital and other items added $0.73B.
Questions
What was PNC Financial Services Group's revenue in the third quarter 2025?
PNC Financial Services Group (PNC) reported revenue of $5.9B for the third quarter 2025 (Q3 2025), +9% from a year earlier and +4% from the quarter before.
Was PNC Financial Services Group profitable in the third quarter 2025?
Operating profit was $2.3B (38.7% of revenue) and net earnings $1.8B.