PRUDENTIAL FINANCIAL INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data PRUDENTIAL FINANCIAL INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	58,779	59,689	62,992	64,807	57,033	71,247	56,881	53,979	70,405	60,774
General and administrative	11,779	11,915	11,949	13,416	13,913	13,609	12,576	12,951	13,342	13,012
Operating expenses			3,222	5,800	8,887	21,235	3,608	14,551	22,327	35,549
Interest expense	1,320	1,327	1,420	1,551	1,560	1,478	1,597	1,763	2,030
Interest income	16,226
Pre-tax income	5,705	6,487	4,834	5,085	-323	10,835	-1,892	3,072	3,209	4,656
Income tax	1,335	-1,438	822	947	-81	1,995	-279	613	507	1,053
Income from continuing operations	4,370	7,925	4,012	4,138	-242	8,840	-1,613	2,459	2,702	3,603
Net income to minority interests	51	111	14	52	228	70	-28	20
Net income	4,368	7,863	4,074	4,186	-374	8,868	-1,647	2,488	2,727	3,576
EPS, basic	11.31	20.88	11.07	11.75	-1.15	22.56	-4.49	6.76	7.54	10.05
EPS, diluted	11.15	20.51	10.91	11.61	-1.15	22.40	-4.49	6.74	7.50	9.99
Shares, basic (weighted)	382	372	364	353	345	387	372	364	358	352
Shares, diluted (weighted)	389	380	371	358	345	390	372	365	359	354
Dividend per share	3.21	3.44	4.13	4.59	5.05	4.60	4.80	5.00	5.20	5.40

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	14,127	14,490	15,353	16,327	13,701	12,888	17,251	19,419	18,497	19,712
Short-term investments		6,800	6,469	5,467	7,800
Lease right-of-use assets				554	466	395	340	286	373	366
Goodwill	833	843	863	3,013	3,035	1,804	876	1,071	1,053	1,090
Intangible assets	310	342	348	600	580	619	518	506	406	390
Total assets	783,962	832,136	815,078	896,552	940,722	937,582	689,029	721,212	735,587	773,740
Short-term debt	1,133	1,380	2,451	1,933	925	722	775	618	953	1,443
Long-term debt	18,041	17,172	17,378	18,646	19,718	18,622	19,908	18,882	19,187	18,856
Total liabilities	737,874	777,625	766,047	832,833	872,512	874,974	657,110	691,336	705,461	738,159
Total debt	18,041	17,172	17,378	18,646	19,718	18,622	19,908	18,882	19,187	18,856
Paid-in capital	24,606	24,769	24,828	25,532	25,584	25,732	25,747	25,746	25,901	26,013
Retained earnings	21,946	28,671	30,470	32,991	30,749	36,652	31,714	32,352	33,187	34,831
Treasury stock	-15,316	-16,284	-17,593	-19,453	-19,652	-21,838	-23,068	-23,780	-24,511	-25,335
Other comprehensive income	14,621	17,074	10,906	24,039	30,738	21,324	-3,806	-6,504	-6,711	-3,077
Shareholders' equity	45,863	54,236	48,617	63,115	67,425	61,876	30,593	27,820	27,872	32,438
Minority interests	225	275	414	604	785	732	955	290	315	349
Total equity	46,255	54,511	49,031	63,719	68,210	29,983	30,934	28,110	28,187	32,787
Total liabilities and equity	783,962	832,136	815,078	896,552	940,722	937,582	689,029	721,212	735,587	773,740

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	4,419	7,974	4,088	4,238	-146	8,938	-1,675	2,508	2,846	3,732
Depreciation and amortization	318	222	161	460	457	206	117		383	128
Stock-based compensation	202	263	155	231	226	268	208	254	314	257
Deferred income tax	700	-1,996	480	-20	-369	107	-988	-75	-778	398
Cash from operations	14,876	13,460	21,664	19,625	8,368	9,812	5,158	6,510	8,502	6,271
Purchases of investments	-66,857	-68,667	-77,234	-64,570	-56,523	-65,174	-60,070	-47,580	-72,997	-67,592
Sales and maturities of investments	49,713	58,244	59,675	52,306	44,106	64,759	50,823	44,097	59,059	45,218
Cash from investing	-21,694	-11,957	-21,628	-17,028	-16,210	-5,342	-7,638	-12,122	-28,585	-25,892
Stock issued	426	246	132	133	153	200	163	126	201	109
Share buybacks	-2,000	-1,250	-1,500	-2,500	-500	-2,500	-1,488	-1,012	-1,000	-1,000
Dividends paid	-1,300	-1,296	-1,521	-1,641	-1,766	-1,814	-1,817	-1,846	-1,891	-1,926
Cash from financing	3,201	-1,258	781	-1,634	4,883	-3,011	4,933	7,739	19,394	20,773
Exchange rate effect	50	110	142	16	340	-309	-159	37	-254	77
Net change in cash	-3,567	355	959	979	-2,619	-921	4,365	2,164	-943	1,229
Interest paid	1,257	1,248	1,443	1,521	1,531	1,452	1,452	1,555	1,995	1,907
Income taxes paid	770	185	760	1,348	287	1,668	1,090	895	756	1,398

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $119.45 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	7.6%	Pre-tax income / revenue.
Net margin	6.0%	Net income / revenue.
Operating cash flow margin	16.9%	Cash from operations / revenue.
Effective tax rate	20.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	12.4%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.5%	Net income / average total assets.
D&A / revenue	-0.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-13.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	1.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	31.1%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	33.2%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-26.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	6.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-5.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	3.8%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	4.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	1.3%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	16.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	2.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-13.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	5.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	3.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-3.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.6%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-1.7%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.62x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	2.5%	Total debt / total assets.
Liabilities / assets	95.6%	Total liabilities / total assets.
Net debt	$4.50B	Total debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value	$31.58B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.08x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$11.26	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$186.05	Revenue / diluted weighted shares.
Operating cash flow per share	$31.51	Cash from operations / diluted weighted shares.
Book value per share	$90.71	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$90.71	Tangible book value / shares outstanding.
Cash per share	$43.56	(Cash + short-term investments) / shares outstanding.
Payout ratio	49.7%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$41.21B	Share price x shares outstanding.
Enterprise value	$45.71B	Market cap + total debt - cash - short-term investments.
P/E	10.5x	Market cap / net income. Only when net income is positive.
P/S	0.64x	Market cap / revenue.
P/B	1.31x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.31x	Market cap / tangible book value, when positive.
P/OCF	3.76x	Market cap / cash from operations, when positive.
EV/Sales	0.71x	Enterprise value / revenue.
Earnings yield	9.5%	Net income / market cap (the inverse of P/E).
Dividend yield	4.7%	Dividends paid over the period / market cap.
Shareholder yield	7.1%	(Dividends paid + share buybacks) / market cap.

What was PRUDENTIAL FINANCIAL INC's revenue in fiscal 2025?

PRUDENTIAL FINANCIAL INC reported revenue of $60.77B for fiscal 2025, 13.7% lower than the year before.

Was PRUDENTIAL FINANCIAL INC profitable in fiscal 2025?

Yes. Net income was $3.58B, a net margin of 5.9%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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