The PNC Financial Services Group, Inc.

PNCNYSEFinancial Services● Active

$227.14

$-1.23(-0.54%)

Market Cap$91.2B

P/E Ratio—

52W High$243.94

52W Low$172.73

Avg Volume2.2M

Open$228.69

Beta0.92

Free Cash Flow Financials Revenue

The PNC Financial Services Group, Inc. (PNC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PNC · free cash flow · updated Jun 8, 2026

Core FCF metrics

PNC · FCF · TTM · margin & CAGR

Free cash flow was $4.38B for FY2025 (fiscal year ending 2025-12-31), down 44.4% year-over-year The FCF margin was 14.0%. Five-year CAGR stands at -1.2%.

FY2025 Free Cash Flow$4.38B▼ -44.4% YoY

Trailing 12M (TTM)$6.82Btrailing 4 quarters sum

FCF Margin14.0%$4.38B ÷ revenue

3-Year CAGR-21.6%FY2022 → FY2025

5-Year CAGR-1.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PNC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$4.38B(0M)$4.38B▼ 44.4%14.0%

FY2024$7.88B(0M)$7.88B▼ 22.1%23.4%

FY2023$10.11B(0M)$10.11B▲ +11.3%31.7%

FY2022$9.08B(0M)$9.08B▲ +25.9%38.6%

FY2021$7.21B(0M)$7.21B▲ +54.8%36.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PNC · P/FCF · FCF yield · FCF per share

The PNC Financial Services Group, Inc. (PNC) trades at a FCF yield of 7.43% and a price-to-free-cash-flow ratio of 13.1x. FCF per share stands at $17.31, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.43%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$17.31

TTM FCF ÷ Shares Outstanding

Price / FCF

x13.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x18.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PNC · cash flow statement · operating / investing / financing

For FY2025, The PNC Financial Services Group, Inc. generated $4.38B in operating cash flow and spent 0M in capital expenditures, yielding $4.38B in free cash flow.

Operating Activities

+$4.38B

Cash from core business operations

2025-12-31

Investing Activities

−$15.62B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$4.70B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($4.38B) − |CapEx| (0M) = FCF ($4.38B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

PNC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

The PNC Financial Services Group, Inc.YOU

PNC

$4.38B-44.4%14.0%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

The PNC Financial Services Group, Inc. (PNC) reported free cash flow of $4.38B for FY2025 (fiscal year ending 2025-12-31), down 44.4% year-over-year. The FCF margin was 14.0%.

Based on available data, The PNC Financial Services Group, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $10.11B in FY2023. The 5-year CAGR stands at -1.2%.

The PNC Financial Services Group, Inc.'s FCF yield is 7.43% and price-to-FCF ratio is 13.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PNC free cash flow · 8 questions

The PNC Financial Services Group, Inc. free cash flow was $4.38B for FY2025, down 44.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $6.82B.

PNC free cash flowPNC FCFPNC FCF 2025PNC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · The PNC Financial Services Group, Inc. · The PNC Financial Services Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026