Truist Financial Corporation
TFCFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
24,253
Cost of Revenue
12,845
Gross Profit
11,408
Gross Margin
47.0%
Operating Income
-601
Operating Margin
-2.5%
Net Income
4,818
Net Margin
19.9%
EPS (Basic)
$3.36
EPS (Diluted)
$3.36
EBITDA
378
EBITDA Margin
1.6%
2023
12/31/2023
Revenue
29,950
Cost of Revenue
12,037
Gross Profit
17,913
Gross Margin
59.8%
Operating Income
-765
Operating Margin
-2.6%
Net Income
-1,091
Net Margin
-3.6%
EPS (Basic)
$-1.09
EPS (Diluted)
$-1.09
EBITDA
450
EBITDA Margin
1.5%
2022
12/31/2022
Revenue
22,294
Cost of Revenue
3,098
Gross Profit
19,196
Gross Margin
86.1%
Operating Income
7,029
Operating Margin
31.5%
Net Income
6,260
Net Margin
28.1%
EPS (Basic)
$4.46
EPS (Diluted)
$4.43
EBITDA
8,395
EBITDA Margin
37.7%
2021
12/31/2021
Revenue
23,064
Cost of Revenue
-45
Gross Profit
23,109
Gross Margin
100.2%
Operating Income
7,993
Operating Margin
34.7%
Net Income
6,440
Net Margin
27.9%
EPS (Basic)
$4.51
EPS (Diluted)
$4.47
EBITDA
9,377
EBITDA Margin
40.7%
2020
12/31/2020
Revenue
24,427
Cost of Revenue
4,057
Gross Profit
20,370
Gross Margin
83.4%
Operating Income
5,473
Operating Margin
22.4%
Net Income
4,482
Net Margin
18.3%
EPS (Basic)
$3.11
EPS (Diluted)
$3.08
EBITDA
7,081
EBITDA Margin
29.0%