Truist Financial Corporation (TFC) Income Statement
TFC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTFC revenue and net income
Where TFC's revenue goes
2025Each bar shows an amount and its share of revenue. TFC kept 17.4% of revenue as net income.
TFC profit margins
TFC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +25.5% | +10.9% | +4.5% | +11.1% |
| Gross profit | +66.0% | −0.5% | −1.4% | +7.2% |
| Operating income | — | −3.3% | +3.0% | +8.1% |
| Net income | +10.1% | −5.4% | +3.4% | +9.8% |
| EPS (diluted) | +7.0% | −7.4% | +0.6% | +3.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TFC quarterly EPS vs estimates
Truist beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: January 20, 2027.
TFC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.44B | $24.25B | $29.95B | $22.29B | $23.06B | $24.43B | $14.66B | $13.00B | $12.16B | $11.54B |
| Cost of revenue | $11.50B | $12.85B | $12.04B | $3.10B | −$45.0M | $4.06B | $2.71B | $2.00B | $1.39B | $1.32B |
| Gross profit | $18.94B | $11.41B | $17.91B | $19.20B | $23.11B | $20.37B | $11.95B | $10.99B | $10.77B | $10.22B |
| Sales, general & admin | $8.01B | $6.77B | $6.78B | $6.88B | $8.93B | $8.42B | $4.97B | $4.42B | $4.32B | $4.03B |
| Total operating expenses | $12.59B | $12.01B | $18.68B | $12.17B | $15.12B | $14.90B | $7.93B | $6.93B | $7.44B | $6.72B |
| Operating income | $6.35B | −$601.0M | −$765.0M | $7.03B | $7.99B | $5.47B | $4.02B | $4.06B | $3.33B | $3.50B |
| Interest income | $24.54B | $25.07B | $24.46B | $16.64B | $13.77B | $15.55B | $9.41B | $8.12B | $7.37B | $7.07B |
| Interest expense | $10.12B | $10.97B | $9.93B | $2.32B | $768.0M | $1.72B | $2.10B | $1.44B | $839.0M | $745.0M |
| Income before taxes | $6.35B | −$601.0M | −$765.0M | $7.03B | $7.99B | $5.47B | $4.02B | $4.06B | $3.33B | $3.50B |
| Income taxes | $1.04B | −$556.0M | $738.0M | $1.25B | $1.56B | $981.0M | $782.0M | $803.0M | $911.0M | $1.06B |
| Net income | $5.31B | $4.82B | −$1.09B | $6.26B | $6.44B | $4.48B | $3.22B | $3.24B | $2.39B | $2.43B |
| EBITDA | $7.19B | $378.0M | $450.0M | $8.39B | $9.38B | $7.08B | $4.65B | $4.62B | $3.88B | $4.05B |
| EPS (diluted) | $3.95 | $3.69 | $3.66 | $4.97 | $5.53 | $3.84 | $4.36 | $3.91 | $3.14 | $2.89 |
| Gross margin | 62.2% | 47.0% | 59.8% | 86.1% | 100.2% | 83.4% | 81.5% | 84.6% | 88.6% | 88.6% |
| Operating margin | 20.9% | −2.5% | −2.6% | 31.5% | 34.7% | 22.4% | 27.4% | 31.2% | 27.4% | 30.3% |
| Net margin | 17.4% | 19.9% | −3.6% | 28.1% | 27.9% | 18.3% | 22.0% | 24.9% | 19.7% | 21.0% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.11B | $7.61B | $7.41B | $7.66B | $7.84B | $7.55B | $7.38B | $7.65B | $7.83B | $1.14B | $7.63B | $8.42B |
| Cost of revenue | $2.11B | $2.74B | $2.73B | $2.41B | $3.09B | $3.06B | $2.94B | $3.06B | $3.20B | $3.27B | $3.31B | $3.29B |
| Gross profit | $4.00B | $4.87B | $4.67B | $5.25B | $4.75B | $4.50B | $4.44B | $4.59B | $4.64B | −$2.14B | $4.32B | $5.13B |
| Sales, general & admin | $2.11B | $1.88B | $1.81B | $2.80B | $1.80B | $1.74B | $1.66B | $1.66B | $1.70B | $1.72B | $1.69B | $2.08B |
| Total operating expenses | $3.10B | $3.06B | $2.98B | $3.68B | $3.01B | $2.99B | $2.91B | $3.04B | $2.93B | $3.09B | $2.95B | $10.28B |
| Operating income | $895.0M | $1.81B | $1.69B | $1.56B | $1.74B | $1.51B | $1.53B | $1.55B | $1.71B | −$5.23B | $1.36B | −$5.15B |
| Interest income | — | — | $5.86B | $6.11B | $6.29B | $6.15B | $5.99B | $6.18B | $6.35B | $6.35B | $6.18B | $6.27B |
| Interest expense | $2.37B | $2.35B | $2.26B | $2.41B | $2.66B | $2.57B | $2.48B | $2.59B | $2.75B | $2.82B | $2.81B | $2.72B |
| Income before taxes | $895.0M | $1.81B | $1.69B | $1.56B | $1.74B | $1.51B | $1.53B | $1.55B | $1.71B | −$5.23B | $1.36B | −$5.15B |
| Income taxes | $96.0M | $262.0M | $209.0M | $210.0M | $285.0M | $273.0M | $274.0M | $265.0M | $271.0M | −$1.32B | $232.0M | −$64.0M |
| Net income | $799.0M | $1.55B | $1.48B | $1.35B | $1.45B | $1.24B | $1.26B | $1.28B | $1.44B | $903.0M | $1.20B | −$5.09B |
| EBITDA | $895.0M | $2.01B | $1.88B | $1.77B | $1.94B | $1.73B | $1.75B | $1.79B | $1.94B | −$4.99B | $1.64B | −$4.86B |
| EPS (diluted) | $1.16 | $1.23 | $1.09 | $1.12 | $1.04 | $0.90 | $0.89 | $0.91 | $0.97 | $0.91 | $0.90 | $0.81 |
| Gross margin | 65.4% | 64.0% | 63.1% | 68.5% | 60.6% | 59.6% | 60.2% | 60.0% | 59.2% | −187.5% | 56.6% | 60.9% |
| Operating margin | 14.6% | 23.8% | 22.8% | 20.4% | 22.1% | 20.0% | 20.8% | 20.3% | 21.8% | −459.2% | 17.9% | −61.2% |
| Net margin | 13.1% | 20.4% | 20.0% | 17.7% | 18.5% | 16.4% | 17.1% | 16.7% | 18.4% | 79.3% | 15.7% | −60.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TFC's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TFC financial results
In fiscal year 2025 (ended December 31, 2025), Truist reported revenue of $30.4 billion, up 25.5% from the year before. It had net income of $5.3 billion (up 10.1%), a net profit margin of 17.4%. Diluted earnings per share came to $3.95. Over five years revenue grew at an average rate of 4.5% a year.
See the TFC stock overview for the latest quote and news, or the TFC chart for price history and technical indicators.
TFC income statement FAQ
What is Truist's annual revenue?
Truist reported total revenue of $30.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 25.5% from $24.3 billion the previous year.
Is Truist profitable?
Yes. Truist reported net income of $5.3 billion in fiscal 2025, a net profit margin of 17.4%; its operating margin was 20.9%.
What is Truist's gross margin?
Truist's gross margin was 62.2% in fiscal 2025: for every $100 of revenue, Truist kept $62 after the direct cost of its products and services.
How fast is Truist growing?
Revenue grew 4.5% a year on average over the last five fiscal years, from $24.4 billion to $30.4 billion.
What are Truist's earnings per share?
Truist earned $3.95 per diluted share in fiscal 2025, compared with $3.69 a year earlier.
When will Truist report its next earnings?
Truist is expected to report results for the quarter ending December 31, 2026 on January 20, 2027 before the market opens.
When does Truist's fiscal year end?
Truist's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.