Truist Financial Corporation
Financial ServicesNYSE:TFC · New York Stock Exchange
+$0.79 today
Vol 4.23M · Avg 8.78M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$30.5B of revenue converted into $5.5B of net income for the selected period. Gross margin is 62.9% and net margin is 18.1%, showing how much revenue survives after costs and taxes. EPS is $3.89, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $30.4B +25.5% | $24.3B -19.0% | $29.9B +34.3% | $22.3B -3.3% | $23.1B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $11.5B -10.5% | $12.8B +6.7% | $12.0B +288.5% | $3.1B +6984.4% | -$45.0M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $18.9B +66.0% | $11.4B -36.3% | $17.9B -6.7% | $19.2B -16.9% | $23.1B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 62.2% +15.2pp | 47.0% -12.8pp | 59.8% -26.3pp | 86.1% -14.1pp | 100.2% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $8.0B +18.2% | $6.8B -0.0% | $6.8B -1.5% | $6.9B -22.9% | $8.9B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $12.6B +4.8% | $12.0B -35.7% | $18.7B +53.5% | $12.2B -19.5% | $15.1B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $704.0M -28.1% | $979.0M -19.4% | $1.2B -11.1% | $1.4B -1.3% | $1.4B | $374.2M | $1.2B | $631.8M |
| EBITDA | $7.1B +1765.9% | $378.0M -16.0% | $450.0M -94.6% | $8.4B -10.5% | $9.4B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 23.2% +21.6pp | 1.6% +0.1pp | 1.5% -36.2pp | 37.7% -3.0pp | 40.7% | 5.6% | 46.3% | 42.0% |
| Operating Income | $6.3B +1156.4% | -$601.0M +21.4% | -$765.0M -110.9% | $7.0B -12.1% | $8.0B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 20.9% +23.3pp | -2.5% +0.1pp | -2.6% -34.1pp | 31.5% -3.1pp | 34.7% | 16.6% | 24.1% | 22.0% |
| Interest Income | $24.5B -2.1% | $25.1B +2.5% | $24.5B +47.0% | $16.6B +20.8% | $13.8B | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $10.1B -7.8% | $11.0B +10.5% | $9.9B +327.7% | $2.3B +202.2% | $768.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $6.3B +1156.4% | -$601.0M +21.4% | -$765.0M -110.9% | $7.0B -12.1% | $8.0B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 20.9% +23.3pp | -2.5% +0.1pp | -2.6% -34.1pp | 31.5% -3.1pp | 34.7% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $1.0B +287.4% | -$556.0M -175.3% | $738.0M -41.0% | $1.3B -19.7% | $1.6B | $1.3B | -$1.6B | $745.2M |
| Net Income | $5.3B +10.1% | $4.8B +541.6% | -$1.1B -117.4% | $6.3B -2.8% | $6.4B | $4.9B | $4.8B | $4.7B |
| Net Margin | 17.4% -2.4pp | 19.9% +23.5pp | -3.6% -31.7pp | 28.1% +0.2pp | 27.9% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $4 +14.9% | $3 +408.3% | -$1 -124.4% | $4 -1.1% | $5 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $4 +13.7% | $3 +408.3% | -$1 -124.6% | $4 -0.9% | $4 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $1.3B -4.8% | $1.3B -0.1% | $1.3B +0.3% | $1.3B -0.7% | $1.3B | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $1.3B -3.5% | $1.3B -0.1% | $1.3B -0.5% | $1.3B -0.8% | $1.3B | $1.2B | $924.4M | $678.0M |
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How much revenue does TFC generate?
Truist Financial Corporation (TFC) reported $30.44B of revenue in fiscal 2025.
Is TFC profitable?
Truist Financial Corporation (TFC) reported $5.31B of net income, with a net margin of 17.4%.
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