The PNC Financial Services Group (PNC) Revenue — Quarter Ended Mar 31, 2025

Revenue for the quarter declined from the immediately preceding quarter but rose compared with the same quarter one year earlier. The sequential decrease reflects a moderation from the prior period's level, while the year-over-year increase shows continued growth on an annual basis.

Key takeaway

Quarter ended Mar 31, 2025 · FY2025 Q1

Financial snapshot

Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.

Quarter revenue

$5.5B

Revenue reported for this quarter.

Quarter-over-quarter

-2.1%

Change from the immediately preceding quarter.

Year-over-year

+6.0%

Change from the comparable year-ago quarter.

Trailing four quarters

$21.9B

Sum of the latest four reported quarters.

Quarterly revenue trend

The latest four reported quarters with year-over-year comparisons.

Period ended	Revenue	Year-over-year change
Jun 30, 2024	$5.4B	+2.2%
Sep 30, 2024	$5.4B	+3.8%
Dec 31, 2024	$5.6B	+3.8%
Mar 31, 2025	$5.5B	+6.0%

Revenue performance

Reported revenue for the quarter moved lower relative to the prior quarter, driven by a decline in both net interest income and noninterest income. However, on a year-over-year basis, revenue remained higher than the comparable period a year ago.

Quarterly comparison

Compared with the immediately preceding quarter, revenue decreased, marking a reversal from the prior quarter's upward trajectory. Versus the same quarter one year earlier, revenue was higher, extending the year-over-year positive trend seen in recent periods.

What to watch

Monitor whether the sequential revenue decline persists in upcoming quarters, as it may signal a shift in the revenue trajectory.