Principal Financial Group Inc (PFG) Financial Statements
Industry: Accident & Health Insurance
In fiscal 2025, Principal Financial reported revenue of $15.63B, down 3.1% from $16.13B the year before. Net income was $1.19B (a 7.6% net margin), or $5.25 per diluted share. Gross margin was 45.2% and operating margin was 45.2%. Operating activities generated $4.54B of cash. At fiscal year end, Principal Financial held $341.38B in total assets against $328.99B in total liabilities, including $4.43B of cash and equivalents.
Open the full interactive Principal Financial financials → Quarterly statements, key ratios, valuation history and price charts.
Principal Financial Key Stats
| Share Price | $107.64 |
|---|---|
| Market Cap | $23.54B |
| P/E Ratio | 20.5 |
| Revenue YoY Growth | -3.1% |
| 52-Week Range | $75.78 – $118.51 |
| Shares Outstanding | 215.9 million (basic, 2026 Q2) |
Principal Financial Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $14.74B | $14.26B | $17.49B | $13.67B | $16.13B | $15.63B |
| Cost of Goods Sold | $8.28B | $7.10B | $6.37B | $7.79B | $8.07B | $8.56B |
| Gross Profit | $6.46B | $7.17B | $11.12B | $5.88B | $8.06B | $7.06B |
| Operating Income | $6.27B | $6.96B | $10.89B | $5.67B | $8.06B | $7.06B |
| Pre-Tax Income | $1.66B | $2.04B | $6.02B | $691.9M | $1.86B | $1.35B |
| Income Tax | $265.0M | $326.2M | $1.21B | $68.7M | $291.7M | $160.5M |
| Net Income | $1.40B | $1.71B | $4.81B | $623.2M | $1.57B | $1.19B |
| Diluted EPS | $5.05 | $6.27 | $18.85 | $2.55 | $6.68 | $5.25 |
Principal Financial Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $3.68B | $4.58B | $3.53B | $3.91B |
| Net Income | $213.8M | $517.0M | $424.6M | $403.4M |
| Diluted EPS | $0.95 | $2.29 | $1.93 | $1.84 |
Principal Financial Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.85B | $2.33B | $4.85B | $4.71B | $4.21B | $4.43B |
| Total Assets | $296.63B | $304.66B | $292.24B | $305.05B | $313.66B | $341.38B |
| Total Long-Term Debt | $4.28B | $4.28B | $4.00B | $3.93B | $3.96B | $3.93B |
| Total Liabilities | $279.75B | $288.20B | $281.93B | $293.84B | $302.19B | $328.99B |
| Shareholders' Equity | $16.56B | $16.07B | $10.00B | $10.92B | $11.09B | $11.88B |
Principal Financial Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.74B | $3.22B | $3.17B | $3.79B | $4.60B | $4.54B |
| Cash From Investing | -$5.03B | -$5.66B | $1.06B | -$1.35B | -$5.40B | -$4.14B |
| Cash From Financing | $1.62B | $1.92B | -$1.72B | -$2.59B | $300.3M | -$181.8M |
Figures from Principal Financial's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Principal Financial financials page for every line item.
Principal Financial Company Profile
| Ticker | PFG |
|---|---|
| Exchange | Nasdaq |
| Industry | Accident & Health Insurance |
| Headquarters | Des Moines, Iowa |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001126328 |
Frequently Asked Questions
What was Principal Financial's revenue in fiscal 2025?
Principal Financial (PFG) reported revenue of $15.63B for fiscal 2025.
What is Principal Financial's annual revenue history?
Principal Financial's annual revenue by fiscal year: 2020: $14.74B; 2021: $14.26B; 2022: $17.49B; 2023: $13.67B; 2024: $16.13B; 2025: $15.63B.
What was Principal Financial's net income in fiscal 2025?
Principal Financial reported net income of $1.19B for fiscal 2025.
What was Principal Financial's earnings per share (EPS) in fiscal 2025?
Principal Financial's diluted EPS was $5.25 for fiscal 2025 (adjusted for any later stock splits).
What was Principal Financial's revenue last quarter?
In its most recent reported quarter (2026 Q2), Principal Financial reported revenue of $3.91B.
How much debt does Principal Financial have?
Principal Financial reported $3.93B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Principal Financial are outstanding?
Principal Financial reported a weighted average of 215.9 million basic shares outstanding in 2026 Q2.
What is Principal Financial's market cap?
Based on its latest closing price, Principal Financial (PFG) has a market capitalization of about $23.54B.
When does Principal Financial's fiscal year end?
Principal Financial's fiscal year end, as registered with the SEC, is December 31.
Where is Principal Financial headquartered?
Principal Financial lists its business address in Des Moines, Iowa in its SEC filings.