Provident Financial Services, Inc. (PFS) Income Statement
PFS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPFS revenue and net income
Where PFS's revenue goes
2025Each bar shows an amount and its share of revenue. PFS kept 21.1% of revenue as net income.
PFS profit margins
PFS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +21.3% | +35.6% | +26.0% | +14.8% |
| Gross profit | +42.8% | +20.1% | +19.7% | +11.2% |
| Operating income | +172.8% | +19.3% | +26.2% | +13.0% |
| Net income | +152.0% | +18.3% | +24.6% | +13.3% |
| EPS (diluted) | +92.3% | −1.4% | +9.2% | +5.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PFS quarterly EPS vs estimates
Provident Financial Services beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.60).
PFS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.38B | $1.14B | $695.6M | $554.0M | $489.1M | $435.7M | $435.3M | $418.5M | $379.5M | $357.7M |
| Cost of revenue | $515.8M | $533.1M | $244.5M | $53.6M | $13.5M | $82.3M | $86.6M | $82.9M | $51.2M | $49.1M |
| Gross profit | $866.8M | $607.2M | $451.1M | $500.3M | $475.7M | $353.5M | $348.7M | $335.7M | $328.3M | $308.6M |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $271.6M | $236.5M | $161.9M | $157.6M | $153.6M | $138.4M | $122.3M | $118.8M | $117.1M | $114.7M |
| Total operating expenses | $458.7M | $457.5M | $275.3M | $260.2M | $248.5M | $225.9M | $201.6M | $191.7M | $187.8M | $183.8M |
| Operating income | $408.2M | $149.6M | $175.8M | $240.1M | $227.1M | $127.6M | $147.1M | $143.9M | $140.5M | $124.8M |
| Interest income | $1.27B | $1.05B | $588.8M | $466.2M | $402.3M | $363.3M | $371.5M | $359.8M | $323.8M | $302.3M |
| Interest expense | $512.2M | $445.5M | $216.4M | $48.6M | $36.3M | $50.7M | $73.5M | $59.2M | $45.6M | $43.7M |
| Income before taxes | $408.2M | $149.6M | $175.8M | $240.1M | $227.1M | $127.6M | $147.1M | $143.9M | $140.5M | $124.8M |
| Income taxes | $117.0M | $34.1M | $47.4M | $64.5M | $59.2M | $30.6M | $34.5M | $25.5M | $46.5M | $37.0M |
| Net income | $291.2M | $115.5M | $128.4M | $175.6M | $167.9M | $97.0M | $112.6M | $118.4M | $93.9M | $87.8M |
| EBITDA | $473.7M | $204.2M | $198.0M | $263.8M | $249.8M | $147.6M | $165.9M | $154.0M | $152.1M | $137.5M |
| EPS (diluted) | $2.25 | $1.17 | $1.71 | $2.35 | $2.19 | $1.45 | $1.75 | $1.77 | $1.52 | $1.38 |
| Gross margin | 62.7% | 53.2% | 64.8% | 90.3% | 97.2% | 81.1% | 80.1% | 80.2% | 86.5% | 86.3% |
| Operating margin | 29.5% | 13.1% | 25.3% | 43.3% | 46.4% | 29.3% | 33.8% | 34.4% | 37.0% | 34.9% |
| Net margin | 21.1% | 10.1% | 18.5% | 31.7% | 34.3% | 22.2% | 25.9% | 28.3% | 24.8% | 24.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $326.6M | $346.5M | $353.1M | $353.7M | $343.4M | $332.4M | $295.8M | $318.2M | $270.1M | $184.6M | $183.1M | $177.5M |
| Cost of revenue | $123.9M | $119.2M | $126.2M | $139.0M | $126.3M | $124.3M | $139.1M | $148.1M | $176.0M | $69.9M | $67.5M | $74.5M |
| Gross profit | $202.7M | $227.3M | $226.9M | $214.7M | $217.1M | $208.1M | $156.7M | $170.1M | $94.1M | $114.8M | $115.6M | $103.0M |
| Sales, general & admin | $120.8M | $70.0M | $68.5M | $68.3M | $68.0M | $66.8M | $66.6M | $71.0M | $59.2M | $43.3M | $42.8M | $38.5M |
| Total operating expenses | $128.6M | $117.1M | $114.7M | $113.1M | $114.6M | $116.3M | $94.0M | $104.9M | $115.4M | $71.8M | $75.9M | $65.6M |
| Operating income | $74.1M | $110.2M | $112.2M | $101.6M | $102.4M | $91.9M | $62.7M | $65.3M | −$21.3M | $43.0M | $39.8M | $37.4M |
| Interest income | $326.6M | $315.1M | $324.8M | $326.3M | $316.3M | $305.3M | — | — | $247.8M | $163.9M | $164.2M | $158.2M |
| Interest expense | $123.9M | $121.3M | $127.4M | $131.9M | $129.2M | $123.6M | $130.2M | $138.8M | $106.3M | $70.2M | $68.4M | $62.0M |
| Income before taxes | $106.1M | $110.2M | $112.2M | $101.6M | $102.4M | $91.9M | $62.7M | $65.3M | −$21.3M | $43.0M | $39.8M | $37.4M |
| Income taxes | $27.9M | $30.8M | $28.8M | $29.9M | $30.5M | $27.8M | $14.2M | $18.9M | −$9.8M | $10.9M | $12.5M | $8.8M |
| Net income | $78.1M | $79.4M | $83.4M | $71.7M | $72.0M | $64.0M | $48.5M | $46.4M | −$11.5M | $32.1M | $27.3M | $28.5M |
| EBITDA | $125.1M | $125.7M | $128.0M | $118.0M | $119.1M | $108.6M | $78.6M | $85.2M | −$8.0M | $48.4M | $45.2M | $42.9M |
| EPS (diluted) | $0.60 | $0.61 | $0.64 | $0.55 | $0.55 | $0.51 | $0.49 | $0.36 | −$0.11 | $0.43 | $0.36 | $0.38 |
| Gross margin | 62.1% | 65.6% | 64.3% | 60.7% | 63.2% | 62.6% | 53.0% | 53.5% | 34.8% | 62.2% | 63.1% | 58.0% |
| Operating margin | 22.7% | 31.8% | 31.8% | 28.7% | 29.8% | 27.6% | 21.2% | 20.5% | −7.9% | 23.3% | 21.7% | 21.1% |
| Net margin | 23.9% | 22.9% | 23.6% | 20.3% | 21.0% | 19.3% | 16.4% | 14.6% | −4.3% | 17.4% | 14.9% | 16.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PFS's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PFS financial results
In fiscal year 2025 (ended December 31, 2025), Provident Financial Services reported revenue of $1.4 billion, up 21.3% from the year before. It had net income of $291.2 million (up 152.0%), a net profit margin of 21.1%. Diluted earnings per share came to $2.25. Over five years revenue grew at an average rate of 26.0% a year.
See the PFS stock overview for the latest quote and news, or the PFS chart for price history and technical indicators.
PFS income statement FAQ
What is Provident Financial Services's annual revenue?
Provident Financial Services reported total revenue of $1.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 21.3% from $1.1 billion the previous year.
Is Provident Financial Services profitable?
Yes. Provident Financial Services reported net income of $291.2 million in fiscal 2025, a net profit margin of 21.1%; its operating margin was 29.5%.
What is Provident Financial Services's gross margin?
Provident Financial Services's gross margin was 62.7% in fiscal 2025: for every $100 of revenue, Provident Financial Services kept $63 after the direct cost of its products and services.
How fast is Provident Financial Services growing?
Revenue grew 26.0% a year on average over the last five fiscal years, from $435.7 million to $1.4 billion.
What are Provident Financial Services's earnings per share?
Provident Financial Services earned $2.25 per diluted share in fiscal 2025, compared with $1.17 a year earlier.
When will Provident Financial Services report its next earnings?
Provident Financial Services is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does Provident Financial Services's fiscal year end?
Provident Financial Services's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.