Pnc Financial Services (PNC) Operating Expenses (2009 - 2026)
Pnc Financial Services' (PNC) quarterly Operating Expenses came in at $3.8 billion in Q1 2026, up 11.25% YoY from $3.4 billion in Q1 2025, and up 4.58% on a QoQ basis from $3.6 billion in Q4 2025.
Pnc Financial Services (PNC) Operating Expenses (2009 - 2026) Analysis & Trends
Pnc Financial Services (PNC) has 18 years of Operating Expenses data on file, last reported at $3.8 billion in Q1 2026.
- Quarterly Operating Expenses rose 11.25% year-over-year to $3.8 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $14.2 billion (up 4.7% YoY) and the FY2025 annual result came in at $13.8 billion, up 2.29% from the prior year.
- Operating Expenses improved to $3.8 billion in Q1 2026, from $3.6 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $4.1 billion in Q4 2023 to a low of $3.2 billion in Q1 2022.
- A 5-year average of $3.4 billion and a median of $3.4 billion in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses grew 23.23% — and 2024, when it retreated 13.94%.
- Tracing PNC's Operating Expenses over 5 years: stood at $3.5 billion in 2022, then rose by 17.27% to $4.1 billion in 2023, then dropped by 13.94% to $3.5 billion in 2024, then gained by 2.77% to $3.6 billion in 2025, then grew by 4.58% to $3.8 billion in 2026.
- The last three Operating Expenses figures came in at $3.8 billion (Q1 2026), $3.6 billion (Q4 2025), and $3.5 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 4.10 Bn |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 4.43 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -3.83 Bn |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -2.79 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | 2.60 Bn |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | -599.79 Mn |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 3.06 Bn |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 2.11 Bn |
| 10 | Itau Unibanco Holding | 40.31 Bn | 42.00 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.10 Bn |
| Mar 31, 2026 | 3.77 Bn |
| Dec 31, 2025 | 3.60 Bn |
| Sep 30, 2025 | 3.46 Bn |
| Jun 30, 2025 | 3.38 Bn |
| Mar 31, 2025 | 3.39 Bn |
| Dec 31, 2024 | 3.51 Bn |
| Sep 30, 2024 | 3.33 Bn |
| Jun 30, 2024 | 3.36 Bn |
| Mar 31, 2024 | 3.33 Bn |
| Dec 31, 2023 | 4.07 Bn |
| Sep 30, 2023 | 3.25 Bn |
| Jun 30, 2023 | 3.37 Bn |
| Mar 31, 2023 | 3.32 Bn |
| Dec 31, 2022 | 3.47 Bn |
| Sep 30, 2022 | 3.28 Bn |
| Jun 30, 2022 | 3.24 Bn |
| Mar 31, 2022 | 3.17 Bn |
| Dec 31, 2021 | 3.79 Bn |
| Sep 30, 2021 | 3.59 Bn |