The PNC Financial Services Group, Inc.
PNCFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
33,694
Cost of Revenue
13,682
Gross Profit
20,012
Gross Margin
59.4%
Operating Income
7,242
Operating Margin
21.5%
Net Income
5,889
Net Margin
17.5%
EPS (Basic)
$13.76
EPS (Diluted)
$13.74
EBITDA
7,501
EBITDA Margin
22.3%
2023
12/31/2023
Revenue
31,901
Cost of Revenue
11,153
Gross Profit
20,748
Gross Margin
65.0%
Operating Income
6,736
Operating Margin
21.1%
Net Income
5,578
Net Margin
17.5%
EPS (Basic)
$12.80
EPS (Diluted)
$12.79
EBITDA
6,953
EBITDA Margin
21.8%
2022
12/31/2022
Revenue
23,536
Cost of Revenue
2,893
Gross Profit
20,643
Gross Margin
87.7%
Operating Income
7,473
Operating Margin
31.8%
Net Income
6,041
Net Margin
25.7%
EPS (Basic)
$13.86
EPS (Diluted)
$13.85
EBITDA
8,124
EBITDA Margin
34.5%
2021
12/31/2021
Revenue
19,698
Cost of Revenue
-292
Gross Profit
19,990
Gross Margin
101.5%
Operating Income
6,988
Operating Margin
35.5%
Net Income
5,674
Net Margin
28.8%
EPS (Basic)
$12.71
EPS (Diluted)
$12.70
EBITDA
8,761
EBITDA Margin
44.5%
2020
12/31/2020
Revenue
18,262
Cost of Revenue
4,536
Gross Profit
13,726
Gross Margin
75.2%
Operating Income
3,429
Operating Margin
18.8%
Net Income
7,517
Net Margin
41.2%
EPS (Basic)
$6.36
EPS (Diluted)
$6.36
EBITDA
4,926
EBITDA Margin
27.0%