Other
Tax expense (benefit)
PNC Financial Services Tax expense (benefit) decreased by 152.5% to -$117M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 127.7%, from $423M to -$117M. Over 3 years (FY 2021 to FY 2025), Tax expense (benefit) shows an upward trend with a 11.8% CAGR.
Analysis
StatementIncome Statement
SectionOther
CategoryOther
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026May 5, 2026
How to read this metric
Fluctuations generally track with the underlying volatility of the investment portfolio and hedging activities.
Detailed definition
This metric represents the income tax expense or benefit associated with items recognized in other comprehensive income....
Peer comparison
Standard tax reconciliation item found in the statement of comprehensive income.
Metric ID:
other_other_comprehensive_income_loss_taxHistorical Data
19 periods
| 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 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $52M | -$110M | -$210M | -$1.88B | -$785M | -$629M | $0 | $326M | -$131M | -$229M | $801M | -$103M | $188M | $739M | $423M | $172M | $197M | $223M | -$117M |
| QoQ Change | — | -311.5% | -90.9% | -796.2% | +58.3% | +19.9% | +100.0% | — | -140.2% | -74.8% | +449.8% | -112.9% | +282.5% | +293.1% | -42.8% | -59.3% | +14.5% | +13.2% | -152.5% |
| YoY Change | — | — | — | — | <-999% | -471.8% | +100.0% | +117.3% | +83.3% | +63.6% | — | -131.6% | +243.5% | +422.7% | +510.7% | -8.5% | -73.3% | — | -127.7% |
Range-$1.88B – $801M
CAGR+19.7%
Avg YoY Growth-67.8%
Median YoY Growth+63.6%
Tax expense (benefit) at Other Companies
Frequently Asked Questions
- What is PNC Financial Services's tax expense (benefit)?
- PNC Financial Services (PNC) reported tax expense (benefit) of -$117M in Q1 2026.
- How has PNC Financial Services's tax expense (benefit) changed year-over-year?
- PNC Financial Services's tax expense (benefit) decreased by 127.7% year-over-year, from $423M to -$117M.
- What is the long-term trend for PNC Financial Services's tax expense (benefit)?
- Over 3 years (2021 to 2025), PNC Financial Services's tax expense (benefit) has grown at a 11.8% compound annual growth rate (CAGR), from -$726M to $1.02B.
- What does tax expense (benefit) mean?
- The tax impact related to unrealized gains or losses reported outside of net income.