Principal Financial Group, Inc. (PFG) quarterly income statement — complete revenue, gross profit & net income history
Principal Financial Group, Inc. (PFG) annual income statement — 26-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Revenue | 4.62B | 3.91B | 3.53B | 4.58B | 3.68B | 3.67B | 3.7B | 4.75B | 3.01B | 4.31B | 4.05B | 2.69B | 4.6B | 3.56B | 2.82B | 3.12B | 4.63B | 6.66B | 3.1B | 4.09B |
| Revenue Growth % | 25.39% | 6.39% | -4.51% | -3.69% | 22.25% | -14.83% | -8.82% | 76.6% | -34.51% | 21.18% | 43.79% | -13.81% | -0.58% | -46.62% | -8.93% | -23.69% | 35.1% | 88.29% | -3.52% | 8.66% |
| Medical Costs & Claims | 2.32B | 1.99B | 1.63B | 2.43B | 2.03B | 1.85B | 2.26B | 2.24B | 1.95B | 2.52B | 2.05B | 2.49B | 1.69B | 1.83B | 1.77B | 1.9B | 1.75B | 1.33B | 1.51B | 2.14B |
| Medical Cost Ratio % | 50.23% | 51% | 46.09% | 53.07% | 55.11% | 50.39% | 61.06% | 47.22% | 64.9% | 58.51% | 50.66% | 92.38% | 36.68% | 51.38% | 62.63% | 60.78% | 37.83% | 20.01% | 48.88% | 52.27% |
| Gross Profit | 2.3B | 1.91B | 1.9B | 2.15B | 1.65B | 1.82B | 1.44B | 2.51B | 1.06B | 1.79B | 2B | 205.1M | 2.91B | 1.73B | 1.05B | 1.22B | 2.88B | 5.33B | 1.58B | 1.95B |
| Gross Margin % | 49.77% | 49% | 53.91% | 46.93% | 44.89% | 49.61% | 38.94% | 52.78% | 35.1% | 41.49% | 49.34% | 7.62% | 63.32% | 48.62% | 37.37% | 39.22% | 62.17% | 79.99% | 51.12% | 47.73% |
| Gross Profit Growth % | 39.04% | 5.07% | 32.22% | -14.36% | 56.35% | 1.84% | -28.04% | 1122.87% | -63.7% | 3.42% | 89.81% | -83.25% | 1.26% | -67.56% | -33.42% | -37.29% | 73.99% | 208.75% | -13.7% | 9.48% |
| Operating Expenses | 1.46B | 1.42B | 1.38B | 1.51B | 1.4B | 1.32B | 1.41B | 1.4B | 1.35B | 1.34B | 1.37B | 1.31B | 1.31B | 1.28B | 1.27B | 1.22B | 1.24B | 1.36B | 1.2B | 1.34B |
| OpEx / Revenue % | 31.6% | 36.29% | 39.1% | 33.05% | 38.14% | 35.91% | 38.15% | 29.37% | 44.85% | 31.19% | 33.87% | 48.77% | 28.42% | 35.86% | 44.91% | 39.06% | 26.71% | 20.41% | 38.9% | 32.84% |
| Depreciation & Amortization | 0 | 41.2M | 39.6M | 608.9M | 123M | 41.2M | 0 | 0 | 140.7M | 10.4M | 9.5M | 272.7M | 10M | 9M | 8.3M | 295.9M | 8.4M | 8.6M | 9.6M | 8.3M |
| Combined Ratio % | 81.83% | 87.29% | 85.18% | 86.11% | 93.25% | 86.3% | 99.22% | 76.59% | 109.76% | 89.7% | 84.53% | 141.15% | 65.1% | 87.25% | 107.54% | 99.84% | 64.53% | 40.42% | 87.78% | 85.11% |
| Operating Income | 838.8M | 496.3M | 522.9M | 635.6M | 248.4M | 503.1M | 28.9M | 1.11B | -293.8M | 443.9M | 627.1M | -1.11B | 1.6B | 453.6M | -212.5M | 4.9M | 1.64B | 3.97B | 378.4M | 609M |
| Operating Margin % | 18.17% | 12.71% | 14.82% | 13.89% | 6.75% | 13.7% | 0.78% | 23.41% | -9.76% | 10.3% | 15.47% | -41.15% | 34.9% | 12.75% | -7.54% | 0.16% | 35.47% | 59.58% | 12.22% | 14.89% |
| Operating Income Growth % | 237.68% | -1.35% | 1709.34% | -42.86% | 184.55% | 13.34% | -95.39% | 200.47% | -118.31% | -2.14% | 395.11% | -22695.92% | -2.16% | -88.58% | -156.16% | -99.2% | 283.18% | 817.85% | -38.36% | 2.94% |
| EBITDA | 838.8M | 537.5M | 562.5M | 1.24B | 371.4M | 544.3M | 28.9M | 1.11B | -153.1M | 454.3M | 636.6M | -834.5M | 1.61B | 462.6M | -204.2M | 300.8M | 1.65B | 3.98B | 388M | 617.3M |
| EBITDA Margin % | 18.17% | 13.76% | 15.94% | 27.19% | 10.09% | 14.83% | 0.78% | 23.41% | -5.08% | 10.54% | 15.71% | -31.01% | 35.12% | 13% | -7.24% | 9.63% | 35.65% | 59.71% | 12.53% | 15.09% |
| Interest Expense | 0 | 10M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pretax Income | 838.8M | 496.3M | 481.8M | 635.6M | 248.4M | 503.1M | 28.9M | 1.11B | -293.8M | 443.9M | 627.1M | -1.11B | 1.6B | 453.6M | -212.5M | 4.9M | 1.64B | 3.97B | 378.4M | 609M |
| Pretax Margin % | 18.17% | 12.71% | 13.65% | 13.89% | 6.75% | 13.7% | 0.78% | 23.41% | -9.76% | 10.3% | 15.47% | -41.15% | 34.9% | 12.75% | -7.54% | 0.16% | 35.47% | 59.58% | 12.22% | 14.89% |
| Income Tax | 241.7M | 66M | 68.9M | 110.4M | 14.5M | 69.6M | -34M | 209.9M | -100.4M | 87.1M | 95.1M | -268M | 354.8M | 59.9M | -78M | -10.6M | 328.8M | 836.7M | 35.2M | 103.8M |
| Effective Tax Rate % | 28.81% | 13.3% | 14.3% | 17.37% | 5.84% | 13.83% | -117.65% | 18.87% | 34.17% | 19.62% | 15.17% | 24.21% | 22.11% | 13.21% | 36.71% | -216.33% | 20.04% | 21.07% | 9.3% | 17.04% |
| Net Income | 631.9M | 403.4M | 412.9M | 517M | 213.8M | 406.2M | 48.1M | 905.4M | -220M | 353.1M | 532.5M | -871.7M | 1.25B | 388.8M | -140.1M | -9.5M | 1.32B | 3.12B | 338.7M | 471.8M |
| Net Margin % | 13.69% | 10.33% | 11.7% | 11.3% | 5.81% | 11.06% | 1.3% | 19.05% | -7.31% | 8.19% | 13.14% | -32.4% | 27.1% | 10.93% | -4.97% | -0.3% | 28.45% | 46.8% | 10.94% | 11.53% |
| Net Income Growth % | 195.56% | -0.69% | 758.42% | -42.9% | 197.18% | 15.04% | -90.97% | 203.87% | -117.65% | -9.18% | 480.09% | -9075.79% | -5.28% | -87.53% | -141.36% | -102.01% | 265.57% | 762% | -34.5% | -0.17% |
| EPS (Diluted) | 2.91 | 1.84 | 1.93 | 2.32 | 0.94 | 1.79 | 0.21 | 3.92 | -0.95 | 1.49 | 2.22 | -3.69 | 5.10 | 1.58 | -0.55 | -0.07 | 5.22 | 12.17 | 1.28 | 1.76 |
| EPS Growth % | 209.57% | 2.79% | 819.05% | -40.82% | 198.95% | 20.13% | -90.54% | 206.23% | -118.63% | -5.7% | 503.64% | -5448.87% | -2.3% | -87.02% | -142.97% | -103.78% | 295.45% | 821.97% | -31.55% | 2.92% |
| EPS (Basic) | 2.95 | 1.84 | 1.93 | 2.32 | 0.95 | 1.81 | 0.21 | 4.00 | -0.95 | 1.51 | 2.26 | -3.69 | 5.17 | 1.60 | -0.55 | -0.07 | 5.31 | 12.35 | 1.31 | 1.79 |
| Diluted Shares Outstanding | 216.9M | 218.7M | 220.3M | 222.4M | 226.5M | 226.5M | 224.97M | 231.2M | 230.7M | 236.6M | 239.4M | 236.44M | 244.3M | 245.5M | 243.4M | 243.5M | 251.9M | 256.3M | 263.8M | 268.4M |