Prudential Financial (PRU) Revenue — Quarter Ended Mar 31, 2024
Revenue increased sharply in the current quarter. The growth was substantial compared with both the prior quarter and the same quarter a year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased sharply in the current quarter. The growth was substantial compared with both the prior quarter and the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$23.5B
Revenue reported for this quarter.
Quarter-over-quarter
+55.9%
Change from the immediately preceding quarter.
Year-over-year
+37.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$60.4B
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, 2023 | $13.5B | +18.5% |
| Sep 30, 2023 | $8.4B | -58.7% |
| Dec 31, 2023 | $15.1B | +12.3% |
| Mar 31, 2024 | $23.5B | +37.9% |
Revenue performance
The reported revenue rose markedly from the immediately preceding quarter. The year-over-year comparison also showed a strong increase.
Quarterly comparison
Revenue was higher than both the prior quarter and the same quarter one year earlier. The sequential and annual comparisons both reflected positive momentum.
What to watch
The filing context notes forward-looking statements and risk factors, but no specific cause for the revenue change is provided.