Gross Profit for Truist Financial (TFC)
According to Truist Financial's latest reported financial statements, the company's current gross profit (TTM) is $19.17B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$19.17B
YoY change
+66.0%
5Y CAGR
-1.4%
Peak year (2021)
$23.11B
Cumulative gross profit
$267.65B
Gross Profit history chart for Truist Financial (TFC) from 1985 to 2025
Gross Profit history table for Truist Financial (TFC) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $18.94B | +66.0% | ||
| 2024 | $11.41B | -36.3% | ||
| 2023 | $17.91B | -6.7% | ||
| 2022 | $19.20B | -16.9% | ||
| 2021 | $23.11B | +13.4% | ||
| 2020 | $20.37B | +70.4% | ||
| 2019 | $11.95B | +8.7% | ||
| 2018 | $10.99B | +2.1% | ||
| 2017 | $10.77B | +5.4% | ||
| 2016 | $10.22B | +8.0% | ||
| 2015 | $9.46B | +1.5% | ||
| 2014 | $9.32B | 0.0% | ||
| 2013 | $9.32B | +4.3% | ||
| 2012 | $8.94B | +15.8% | ||
| 2011 | $7.72B | +14.3% | ||
| 2010 | $6.75B | +14.0% | ||
| 2009 | $5.93B | +0.3% | ||
| 2008 | $5.91B | -4.5% | ||
| 2007 | $6.19B | +3.8% | ||
| 2006 | $5.96B | +5.8% | ||
| 2005 | $5.63B | +7.9% | ||
| 2004 | $5.22B | +10.5% | ||
| 2003 | $4.72B | +13.1% | ||
| 2002 | $4.18B | +16.4% | ||
| 2001 | $3.59B | +19.1% | ||
| 2000 | $3.01B | -0.4% | ||
| 1999 | $3.03B | +29.6% | ||
| 1998 | $2.34B | +36.4% | ||
| 1997 | $1.71B | +27.9% | ||
| 1996 | $1.34B | +15.3% | ||
| 1995 | $1.16B | +191.4% | ||
| 1994 | $398.50M | +39.6% | ||
| 1993 | $285.40M | +28.5% | ||
| 1992 | $222.10M | +29.2% | ||
| 1991 | $171.90M | +18.7% | ||
| 1990 | $144.80M | +4.8% | ||
| 1989 | $138.20M | — | ||
| 1988 | $0 | — | ||
| 1987 | $0 | — | ||
| 1986 | $0 | — | ||
| 1985 | $0 | — |
Gross Profit values are taken from Truist Financial's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual gross profit for Truist Financial (TFC) came in at $18.94B – surged 66.0% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Truist Financial gross profit compounded at -1.4% per year, with a net decline across the window.
Truist Financial gross profit declined from $23.11B in 2021 to $18.94B in 2025, a 18.1% drawdown.
The highest annual gross profit of $23.11B was reported in 2021. The lowest in the available history was $0 in 1985.
Truist Financial (TFC) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of $72.83B.
Truist Financial Gross Profit by Year
Truist Financial Gross Profit 2025: $18.94B
Truist Financial gross profit in 2025 was $18.94B, surged 66.0% from 2024.
Truist Financial Gross Profit 2024: $11.41B
Truist Financial gross profit in 2024 was $11.41B, plunged 36.3% below 2023.
Truist Financial Gross Profit 2023: $17.91B
Truist Financial gross profit in 2023 was $17.91B, declined 6.7% below 2022.
Truist Financial Gross Profit 2022: $19.20B
Truist Financial gross profit in 2022 was $19.20B, declined 16.9% below 2021.
Truist Financial Gross Profit 2021: $23.11B
Truist Financial gross profit in 2021 was $23.11B.
See more financial history for Truist Financial (TFC).
Sector peers — Gross Profit
Companies in the same sector as Truist Financial, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $167.61B | Financial Services |
| Bank of America Corporation (BAC) | $107.42B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $87.78B | Financial Services |
| Wells Fargo & Company (WFC) | $80.04B | Financial Services |
| Morgan Stanley (MS) | $65.62B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $59.40B | Financial Services |
| Visa Inc. (V) | $32.15B | Financial Services |
| Mastercard Incorporated (MA) | $27.36B | Financial Services |
Frequently asked questions
What is Truist Financial's gross profit?
- Latest reported gross profit for Truist Financial (TFC) is $19.17B (period ending March 31, 2026).
How has Truist Financial gross profit changed year-over-year?
- Truist Financial (TFC) gross profit changed +66.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Truist Financial gross profit?
- Truist Financial (TFC) gross profit compound annual growth rate is -1.4% over the most recent 5 years available.
When did Truist Financial gross profit hit its highest annual value?
- Truist Financial gross profit reached its highest annual value of $23.11B in 2021.
What was Truist Financial gross profit in 2024?
- Truist Financial (TFC) gross profit in 2024 was $11.41B.
What was Truist Financial gross profit in 2025?
- Truist Financial (TFC) gross profit in 2025 was $18.94B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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