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PRINCIPAL FINANCIAL GROUP, INC.

EDGAR
PFG Quarterly report (10-Q) · filed 2026-10-29

Annual consolidated revenue for 2025: about Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 15.63B, using the latest reported figures. The previous period, 2024, was about Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 16.13B.

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Watchlist

Latest quarter

Revenue

4.62 billion Unit_Standard_USD_n6CISybUbkmWWTMnWI0Kzg

2026 Q3 · Unit_Standard_USD_n6CISybUbkmWWTMnWI0Kzg

Exact inputs and evidence
  • Revenue: 4616400000 Unit_Standard_USD_n6CISybUbkmWWTMnWI0Kzg Source

Net margin

13.69%

2026 Q3 · %

Exact inputs and evidence
  • Net Income: 631900000 Unit_Standard_USD_n6CISybUbkmWWTMnWI0Kzg Source
  • Revenue: 4616400000 Unit_Standard_USD_n6CISybUbkmWWTMnWI0Kzg Source
Cash and cash equivalents
4.45 billion Unit_Standard_USD_n6CISybUbkmWWTMnWI0Kzg Source
Exact value

4450700000 Unit_Standard_USD_n6CISybUbkmWWTMnWI0Kzg

Long-term debt including current maturities
4.33 billion Unit_Standard_USD_n6CISybUbkmWWTMnWI0Kzg Source
Exact value

4326200000 Unit_Standard_USD_n6CISybUbkmWWTMnWI0Kzg

Shares outstanding
213 million Unit_Standard_shares_O8Jy6qLHGUyjQ-iUWRHFWA Source
Exact value

212765660 Unit_Standard_shares_O8Jy6qLHGUyjQ-iUWRHFWA

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 3 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 3 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 3 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: Multiple units; comparison withheld· newest 2025-12-31
  • Total liabilities: Multiple units; comparison withheld· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: Multiple units; comparison withheld· newest 2025-12-31
  • Long-term debt including current maturities: Multiple units; comparison withheld· newest 2025-12-31
  • Shares outstanding: Multiple units; comparison withheld· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -3.1%

    Prior period

    Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 16.13 billion

    –

    Current period

    Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 15.63 billion

    –

    Exact inputs and evidence

    15625500000 − 16127700000 = -502200000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q

    16127700000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    15625500000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -24.6%

    Prior period

    Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 1.57 billion

    –

    Current period

    Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 1.19 billion

    –

    Exact inputs and evidence

    1185100000 − 1571000000 = -385900000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q

    1571000000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1185100000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -1.4%

    Prior period

    Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 4.6 billion

    –

    Current period

    Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 4.54 billion

    –

    Exact inputs and evidence

    4536700000 − 4602900000 = -66200000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q

    4602900000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    4536700000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q · 2025-01-01 – 2025-12-31

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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 15.63 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 1.19 billion 7.6% of revenue

Cash

  • Operating cash flow Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 4.54 billion 29% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2023 2023-01-01 – 2023-12-3113665800000 UnavailableUnavailableUnavailable623200000 Unavailable
Source
2024 2024-01-01 – 2024-12-3116127700000 UnavailableUnavailableUnavailable1571000000 Unavailable
Source
2025 2025-01-01 – 2025-12-3115625500000 UnavailableUnavailableUnavailable1185100000 Unavailable
Source

Amounts are exact, in Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 15.6B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.17.4B13.1B8.7B4.4B0.0202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q)Source evidence
2023Revenue13665800000
2024Revenue16127700000
2025Revenue15625500000

Revenue growth

Change in revenue from the same financial period one year earlier.

-3.1% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.19.7%13.6%7.5%1.3%-4.8%202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2023Year over yearNo prior comparable period
2024Year over year18%
2025Year over year-3.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 7.6% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.10.5%7.9%5.3%2.6%0.0%2023-12-312024-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2023Net margin4.6%
2024Net margin9.7%
2025Net margin7.6%
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 4.5B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.0B3.7B2.5B1.2B0.0202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q)Source evidence
2023Operating cash flow3792400000
2024Operating cash flow4602900000
2025Operating cash flow4536700000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q)Source evidence
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Liabilities / assetsNot reportedNo source recorded
2024-12-31Liabilities / assetsNot reportedNo source recorded
2025-12-31Liabilities / assetsNot reportedNo source recorded

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2023 2023-01-01 – 2023-12-31
Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 623.2 million
Exact value

Exact value: 623200000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q

2023-01-01 – 2023-12-31: 623200000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q Inspect Net Income Open source
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Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 3.79 billion
Exact value

Exact value: 3792400000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q

2023-01-01 – 2023-12-31: 3792400000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 1.57 billion
Exact value

Exact value: 1571000000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q

2024-01-01 – 2024-12-31: 1571000000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q Inspect Net Income Open source
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Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 4.6 billion
Exact value

Exact value: 4602900000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q

2024-01-01 – 2024-12-31: 4602900000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 1.19 billion
Exact value

Exact value: 1185100000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q

2025-01-01 – 2025-12-31: 1185100000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q Inspect Net Income Open source
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Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q 4.54 billion
Exact value

Exact value: 4536700000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q

2025-01-01 – 2025-12-31: 4536700000 Unit_Standard_USD_PTZWnLOFIESRwPLspgYx_Q Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

519 filings · 15,115 latest values · 15,115 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001126328, 1126328, PFG, edgar:1126328

Also known as PRINCIPAL FINANCIAL GROUP INC, PRINCIPAL FINANCIAL GROUP, INC., PRINCIPAL FINANCIAL GROUP, INC