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Financials · PFG

Principal Financial Group Inc (PFG) financials

For the twelve months ended Sep 30, 2026, Principal Financial Group Inc reported $16.63B of revenue and $1.98B of net income.

Revenue, TTM
$16.63B
Revenue growth, YoY
+5.2%
Net income, TTM
$1.98B
Net income growth, YoY
+25.6%
Net margin
11.9%
EPS, diluted, TTM
$8.98
EPS growth, YoY
+30.7%
Cash
$4.45B
Total debt
$4.33B
P/E
11.91
P/S
1.42
Market cap
$23.55B
Annual revenue$15.63B
FY2016FY2025
Annual net income$1.19B
FY2016FY2025

PFG revenue and earnings growth

PFG revenueQ3 2026$4.62B

Quarter YoY
+25.4%
QoQ
+18.2%
FY YoY
-3.1%
5Y CAGR
+1.2%
10Y CAGR
+2.7%

PFG revenue was $4.62B in fiscal Q3 2026 (ended Sep 30, 2026), up 25.4% from a year earlier and up 18.2% from the prior quarter. For the full fiscal 2025 it was $15.63B, down 3.1% from fiscal 2024. Compound annual growth was +1.2% over 5 years and +2.7% over 10 years. It rose in 6 of the last 10 fiscal years.

PFG net incomeQ3 2026$631.90M

Quarter YoY
+195.6%
QoQ
+56.6%
FY YoY
-24.6%
5Y CAGR
-3.2%
10Y CAGR
-0.4%

PFG net income was $631.90M in fiscal Q3 2026 (ended Sep 30, 2026), up 195.6% from a year earlier and up 56.6% from the prior quarter. For the full fiscal 2025 it was $1.19B, down 24.6% from fiscal 2024. Compound annual growth was -3.2% over 5 years and -0.4% over 10 years. It rose in 6 of the last 10 fiscal years.

PFG EPSQ3 2026$2.91

Quarter YoY
+206.3%
QoQ
+58.2%
FY YoY
-21.4%
5Y CAGR
+0.8%
10Y CAGR
+2.6%

PFG diluted EPS was $2.91 in fiscal Q3 2026 (ended Sep 30, 2026), up 206.3% from a year earlier and up 58.2% from the prior quarter. For the full fiscal 2025 it was $5.25, down 21.4% from fiscal 2024. Compound annual growth was +0.8% over 5 years and +2.6% over 10 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$15.63B$16.13B$13.67B$17.54B$14.43B$14.74B$16.22B$14.24B$14.09B$12.39B
Income tax$160.50M$291.70M$68.70M$1.19B$283.90M$265.00M$249.20M$230.70M-$72.30M$229.90M
Net income$1.19B$1.57B$623.20M$4.76B$1.58B$1.40B$1.39B$1.55B$2.31B$1.32B
EPS, basic$5.32$6.77$2.58$18.94$5.87$5.08$5.00$5.41$8.00$4.55
EPS, diluted$5.25$6.68$2.55$18.63$5.79$5.05$4.96$5.36$7.88$4.50
Diluted shares225.7M235.3M244.6M255.3M272.9M276.6M281.0M288.8M293.1M292.7M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$4.43B$4.21B$4.71B$4.85B$2.33B$2.85B$2.52B$2.98B$2.47B$2.72B
Goodwill$1.60B$1.55B$1.61B$1.60B$1.63B$1.71B$1.69B$1.10B$1.07B$1.02B
Total assets$341.38B$313.66B$305.05B$290.87B$304.66B$296.63B$276.09B$243.04B$253.94B$228.01B
Short-term debt$27.70M$152.70M$61.10M$80.70M$79.80M$84.70M$93.40M$42.90M$39.50M$51.40M
Total debt$3.93B$3.96B$3.93B$4.00B$4.28B$4.28B$3.73B$3.26B$3.18B$3.13B
Total liabilities$328.99B$302.19B$293.84B$280.59B$288.20B$279.75B$261.14B$231.19B$240.92B$217.62B
Shareholders' equity$11.88B$11.13B$10.96B$10.02B$12.14B$16.62B$14.69B$11.46B$12.92B$10.29B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$4.54B$4.60B$3.79B$3.17B$3.25B$3.71B$5.49B$5.16B$4.19B$3.86B
Investing cash flow-$4.14B-$5.40B-$1.35B$1.06B-$5.69B-$5.00B-$7.69B-$5.70B-$4.05B-$5.15B
Financing cash flow-$181.80M$300.30M-$2.59B-$1.72B$1.92B$1.62B$1.73B$1.05B-$384.00M$1.45B
Dividends paid$684.00M$658.40M$625.50M$642.30M$654.10M$614.50M$606.00M$598.60M$540.00M$464.90M
Share repurchases$902.70M$1.04B$740.40M$1.66B$937.20M$307.00M$281.00M$671.60M$220.40M$277.30M
Stock-based compensation$109.90M$108.70M$99.40M$91.30M$96.10M$87.20M$82.60M$77.40M$82.70M$84.40M
Depreciation and amortization$251.40M$256.20M$272.70M$295.90M$275.30M$251.90M$226.80M$205.10M$195.70M$186.60M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-3.1%18.0%-22.1%21.5%-2.1%-9.1%13.9%1.0%13.7%3.6%
Net income growth, YoY-24.6%152.1%-86.9%201.0%13.2%0.1%-9.8%-33.1%75.5%6.7%
EPS growth, YoY-21.4%162.0%-86.3%221.8%14.7%1.8%-7.5%-32.0%75.1%10.8%
Net margin7.6%9.7%4.6%27.1%11.0%9.5%8.6%10.9%16.4%10.6%
Return on equity10.0%14.1%5.7%47.5%13.0%8.4%9.5%13.5%17.9%12.8%
Return on assets0.3%0.5%0.2%1.6%0.5%0.5%0.5%0.6%0.9%0.6%
Debt to equity0.330.360.360.400.350.260.250.280.250.30

Source: XBRL data Principal Financial Group Inc files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

PFG peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
PFG$16.63B+5.2%$1.98B11.9%$23.55B
MET$82.56B+14.8%$5.13B6.2%$62.45B
PRU$61.33B+6.5%$3.88B6.3%$40.90B
TROW$7.70B+6.9%$2.19B28.4%$23.13B

PFG FAQ

7 questions
  • What is PFG revenue?
    Principal Financial Group Inc (PFG) reported $16.63B of revenue for the twelve months ended Sep 30, 2026. That is up 5.2% from the year before. Revenue for fiscal 2025 was $15.63B.
  • Is PFG profitable?
    Yes. Principal Financial Group Inc earned $1.98B in net income for the twelve months ended Sep 30, 2026, a net margin of 11.9%.
  • How much cash and debt does PFG have?
    Principal Financial Group Inc reported $4.45B in cash and cash equivalents and $4.33B of debt on its most recent balance sheet in SEC filings.
  • How fast is PFG revenue growing?
    Principal Financial Group Inc's revenue changed -3.1% in fiscal 2025, to $15.63B. Its compound annual growth rate was +1.2% over 5 years and +2.7% over 10 years.
  • What is PFG earnings per share?
    Diluted earnings per share were $8.98 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did PFG last report financial results?
    The latest statements here come from Principal Financial Group Inc's 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this PFG financial data come from?
    Quantisnow builds these statements from the structured XBRL data Principal Financial Group Inc files with the SEC. It is provided for information only and is not investment advice.