Income Tax
PNC Financial Services Income Tax increased by 40.2% to $415.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 19.6%, from $347.00M to $415.00M. Over 4 years (FY 2021 to FY 2025), Income Tax shows an upward trend with a 4.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to pre-tax income may signal a higher effective tax rate or changes in tax legislation, while a decrease may indicate tax benefits or lower jurisdictional rates.
Detailed definition
Represents the total provision for income taxes recognized by the company during the reporting period, including both cu...
Peer comparison
Highly dependent on the company's geographic footprint and tax planning strategies compared to peers.
income_tax_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $212.00M | $323.00M | $357.00M | $299.00M | $340.00M | $388.00M | $333.00M | $353.00M | $275.00M | $289.00M | $172.00M | $312.00M | $342.00M | $357.00M | $278.00M | $347.00M | $381.00M | $465.00M | $296.00M | $415.00M |
| QoQ Change | — | +52.4% | +10.5% | -16.2% | +13.7% | +14.1% | -14.2% | +6.0% | -22.1% | +5.1% | -40.5% | +81.4% | +9.6% | +4.4% | -22.1% | +24.8% | +9.8% | +22.0% | -36.3% | +40.2% |
| YoY Change | — | — | — | — | +60.4% | +20.1% | -6.7% | +18.1% | -19.1% | -25.5% | -48.3% | -11.6% | +24.4% | +23.5% | +61.6% | +11.2% | +11.4% | +30.3% | +6.5% | +19.6% |
Business Segments — Retail Banking
| Segment | Q1 '25 |
|---|---|
| Retail Banking | $342.00M |
| Total | $347.00M |
Retail Banking was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — All Other Segments
| Segment | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Asset Management Group | $22.00M | $30.00M | $32.00M | $31.00M | $32.00M | $39.00M | $36.00M | $36.00M |
| All Other Segments | -$477.00M | — | — | — | — | — | — | — |
| Corporate Institutional Banking | $298.00M | $313.00M | $283.00M | $332.00M | — | — | — | — |
| Retail Banking1 | $329.00M | $333.00M | $524.00M | $358.00M | — | — | — | — |
| Total | $172.00M | $312.00M | $342.00M | $357.00M | $347.00M | $381.00M | $465.00M | $415.00M |
All Other Segments, Asset Management Group, Corporate Institutional Banking, Retail Banking1 were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — Corporate & Institutional Banking
| Segment | Q1 '25 | Q4 '25 |
|---|---|---|
| Corporate & Institutional Banking | $353.00M | $400.00M |
| Retail Banking | $342.00M | $379.00M |
| Asset Management Group | $32.00M | $37.00M |
| Total | $347.00M | $296.00M |
Income Tax at Other Companies
Frequently Asked Questions
- What is PNC Financial Services's income tax?
- PNC Financial Services (PNC) reported income tax of $415.00M in Q1 2026.
- How has PNC Financial Services's income tax changed year-over-year?
- PNC Financial Services's income tax increased by 19.6% year-over-year, from $347.00M to $415.00M.
- What is the long-term trend for PNC Financial Services's income tax?
- Over 4 years (2021 to 2025), PNC Financial Services's income tax has grown at a 4.2% compound annual growth rate (CAGR), from $1.26B to $1.49B.
- What does income tax mean?
- The total amount of income tax the company is required to pay on its earnings.