Prudential Financial (PRU) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to the immediately preceding period, continuing an upward trajectory from the prior-year same quarter. Both sequential and year-over-year comparisons show growth.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to the immediately preceding period, continuing an upward trajectory from the prior-year same quarter. Both sequential and year-over-year comparisons show growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$17B
Revenue reported for this quarter.
Quarter-over-quarter
+26.9%
Change from the immediately preceding quarter.
Year-over-year
+43.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$62.1B
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, 2022 | $11.4B | -28.4% |
| Sep 30, 2022 | $20.2B | -6.7% |
| Dec 31, 2022 | $13.4B | -19.7% |
| Mar 31, 2023 | $17B | +43.8% |
Revenue performance
The reported revenue rose from the prior quarter, reflecting a positive shift in the company's top-line results. The year-over-year comparison also indicates a higher revenue figure than the same period one year earlier.
Quarterly comparison
Compared with the immediate prior quarter, revenue moved higher. When set against the same quarter one year ago, revenue also increased.
What to watch
The filing mentions potential impacts from rapidly rising interest rates and equity market declines on liquidity and results, which may warrant monitoring.