How many employees does Truist Financial (TFC) have?

Truist Financial reported 49,037 full-time equivalent employees in its most recent annual filing (fiscal year 2023).

How has Truist Financial's headcount changed year over year?

Truist Financial's reported headcount shrank by -11.0% versus the prior fiscal year.

What is Truist Financial's employee growth rate?

Between fiscal years 1993 and 2023, Truist Financial's headcount changed at a compound annual growth rate (CAGR) of +10.4% per year.

How much revenue does Truist Financial generate per employee?

In its most recent annual period, Truist Financial generated roughly $610.8K of revenue per employee. This is derived by dividing annual revenue by reported headcount and is shown only for companies that report in US dollars.

Where does Truist Financial's employee count data come from?

Headcount figures are taken from Truist Financial's annual reports (10-K, or 20-F/40-F for foreign filers) and periodic company filings. Annual filings drive the snapshot, chart, year-over-year change, and CAGR; interim filings are listed in the full history table.

Truist Financial (TFC) Employee Count & Headcount History

Latest headcount

49,037

Fiscal year 2023

YoY change

-11.0%

vs. prior fiscal year

Headcount CAGR

+10.4%

Per year, full history

Revenue / employee

$610.8K

Latest annual period

Employee count history for Truist Financial

Truist Financial employee count by fiscal year
Fiscal year	Employees
1993	2,549
1995	7,700
1996	7,800
1997	9,800
1998	10,400
1999	13,700
2000	17,500
2001	20,400
2002	22,500
2003	26,300
2004	26,100
2005	27,700
2006	29,300
2007	29,400
2008	29,600
2009	32,400
2010	31,400
2011	31,800
2012	34,000
2013	33,700
2014	33,400
2015	37,200
2016	37,500
2017	36,484
2018	35,852
2019	59,000
2020	52,294
2021	50,283
2022	55,126
2023	49,037

Revenue per employee for Truist Financial

Annual revenue divided by reported headcount, normalized to US dollars.

Truist Financial revenue per employee by fiscal year (USD)
Fiscal year	Revenue per employee (USD)
1993	$171.8K
1995	$279.5K
1996	$307.7K
1997	$316.7K
1998	$402.2K
1999	$378.9K
2000	$327.2K
2001	$305.3K
2002	$272.3K
2003	$237.4K
2004	$255.4K
2005	$282.6K
2006	$320.2K
2007	$362.2K
2008	$348.8K
2009	$332.6K
2010	$356.3K
2011	$323.5K
2012	$325.1K
2013	$320.6K
2014	$309.6K
2015	$285.6K
2016	$307.7K
2017	$333.2K
2018	$362.5K
2019	$248.5K
2020	$467.1K
2021	$458.7K
2022	$404.4K
2023	$610.8K

Earnings per employee for Truist Financial

Annual net income divided by reported headcount, normalized to US dollars; years with a net loss dip below zero.

Truist Financial earnings (net income) per employee by fiscal year (USD)
Fiscal year	Earnings per employee (USD)
1993	$31.1K
1995	$29.5K
1996	$44K
1997	$42K
1998	$62.7K
1999	$56.8K
2000	$39.9K
2001	$47.7K
2002	$57.9K
2003	$40.5K
2004	$59.7K
2005	$59.7K
2006	$52.2K
2007	$59K
2008	$51.3K
2009	$26.3K
2010	$26K
2011	$40.5K
2012	$58.2K
2013	$49.9K
2014	$63.8K
2015	$56K
2016	$64.7K
2017	$65.6K
2018	$90.3K
2019	$54.6K
2020	$85.7K
2021	$128.1K
2022	$113.6K
2023	-$22.2K

Employee count history for Truist Financial (TFC)

Annual figures come from annual reports (10-K, or 20-F/40-F for foreign filers); interim rows reflect headcount disclosed in periodic filings. Year-over-year change compares each filing with the prior year's equivalent. Revenue and earnings per employee are annual figures normalized to US dollars.

Truist Financial (TFC) employee count filing history
						Filing
2023	49,037	-11.0%	-6,089	$610.8K	-$22.2K	10-K	Dec 31, 2023	Feb 27, 2024
2022	55,126	+9.6%	+4,843	$404.4K	$113.6K	10-K	Dec 31, 2022	Feb 28, 2023
2021	50,283	-3.8%	-2,011	$458.7K	$128.1K	10-K	Dec 31, 2021	Feb 23, 2022
2020	52,294	-11.4%	-6,706	$467.1K	$85.7K	10-K	Dec 31, 2020	Feb 24, 2021
2019	59,000	+64.6%	+23,148	$248.5K	$54.6K	10-K	Dec 31, 2019	Mar 3, 2020
2018	35,852	-1.7%	-632	$362.5K	$90.3K	10-K	Dec 31, 2018	Feb 26, 2019
2017	36,484	-2.7%	-1,016	$333.2K	$65.6K	10-K	Dec 31, 2017	Feb 21, 2018
2016	37,500	+0.8%	+300	$307.7K	$64.7K	10-K	Dec 31, 2016	Feb 21, 2017
2015	37,200	+11.4%	+3,800	$285.6K	$56K	10-K	Dec 31, 2015	Feb 25, 2016
2014	33,400	-0.9%	-300	$309.6K	$63.8K	10-K	Dec 31, 2014	Feb 25, 2015
2013	33,700	-0.9%	-300	$320.6K	$49.9K	10-K	Dec 31, 2013	Feb 26, 2014
2012	34,000	+6.9%	+2,200	$325.1K	$58.2K	10-K	Dec 31, 2012	Mar 1, 2013
2011	31,800	+1.3%	+400	$323.5K	$40.5K	10-K	Dec 31, 2011	Feb 27, 2012
2010	31,400	-3.1%	-1,000	$356.3K	$26K	10-K	Dec 31, 2010	Feb 25, 2011
2009	32,400	+9.5%	+2,800	$332.6K	$26.3K	10-K	Dec 31, 2009	Feb 26, 2010
2008	29,600	+0.7%	+200	$348.8K	$51.3K	10-K	Dec 31, 2008	Feb 27, 2009
2007	29,400	+0.3%	+100	$362.2K	$59K	10-K	Dec 31, 2007	Feb 28, 2008
2006	29,300	+5.8%	+1,600	$320.2K	$52.2K	10-K	Dec 31, 2006	Feb 27, 2007
2005	27,700	+6.1%	+1,600	$282.6K	$59.7K	10-K	Dec 31, 2005	Mar 10, 2006
2004	26,100	-0.8%	-200	$255.4K	$59.7K	10-K	Dec 31, 2004	Mar 7, 2005
2003	26,300	+16.9%	+3,800	$237.4K	$40.5K	10-K	Dec 31, 2003	Mar 8, 2004
2002	22,500	+10.3%	+2,100	$272.3K	$57.9K	10-K	Dec 31, 2002	Mar 7, 2003
2001	20,400	+16.6%	+2,900	$305.3K	$47.7K	10-K	Dec 31, 2001	Mar 15, 2002
2000	17,500	+27.7%	+3,800	$327.2K	$39.9K	10-K	Dec 31, 2000	Mar 16, 2001
1999	13,700	+31.7%	+3,300	$378.9K	$56.8K	10-K	Dec 31, 1999	Mar 14, 2000
1998	10,400	+6.1%	+600	$402.2K	$62.7K	10-K	Dec 31, 1998	Mar 19, 1999
1997	9,800	+25.6%	+2,000	$316.7K	$42K	10-K	Dec 31, 1997	Mar 18, 1998
1996	7,800	+1.3%	+100	$307.7K	$44K	10-K	Dec 31, 1996	Mar 17, 1997
1995	7,700	—	—	$279.5K	$29.5K	10-K	Dec 31, 1995	Mar 18, 1996
1994	3,609	—	—	—	—	10-K405	Dec 31, 1994	Mar 30, 1995
1993	2,549	—	—	$171.8K	$31.1K	10-K	Dec 31, 1993	Mar 31, 1994

202349,037-11.0%
202255,126+9.6%
202150,283-3.8%
202052,294-11.4%
201959,000+64.6%
201835,852-1.7%
201736,484-2.7%
201637,500+0.8%
201537,200+11.4%
201433,400-0.9%
201333,700-0.9%
201234,000+6.9%
201131,800+1.3%
201031,400-3.1%
200932,400+9.5%
200829,600+0.7%
200729,400+0.3%
200629,300+5.8%
200527,700+6.1%
200426,100-0.8%
200326,300+16.9%
200222,500+10.3%
200120,400+16.6%
200017,500+27.7%
199913,700+31.7%
199810,400+6.1%
19979,800+25.6%
19967,800+1.3%
19957,700—
19943,609—
19932,549—

About Truist Financial's employee count

Truist Financial (TFC) employed 49,037 people in fiscal year 2023, based on its most recent annual report. That headcount shrank by -6,089 (-11.0%) from 55,126 a year earlier.

Across the 1993–2023 period, the company's reported workforce went from 2,549 to 49,037 employees — a compound annual growth rate (CAGR) of +10.4% per year.

Truist Financial generated about $610.8K of revenue and -$22.2K of net income per employee in its latest annual period. Revenue and earnings per employee gauge how efficiently a company turns headcount into output, and are most telling when tracked over time or compared with peers in the same industry.

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