Principal Financial (PFG) Cost of Revenue (2009 - 2026)
Principal Financial (PFG) posted quarterly Cost of Revenue of $2.0 billion for Q2 2026, up 8.27% year-over-year from $1.8 billion in Q2 2025, and up 23.65% quarter-over-quarter from $1.6 billion in Q1 2026.
Principal Financial (PFG) Cost of Revenue (2009 - 2026) Analysis & Trends
Principal Financial (PFG) has reported Cost of Revenue for 18 consecutive years, with $2.0 billion the latest figure, recorded in Q2 2026.
- In Q2 2026, Cost of Revenue rose 8.27% year-over-year to $2.0 billion; the TTM figure through Jun 2026 stood at $8.1 billion (up 1.54% YoY), while the FY2025 annual figure was $8.6 billion, up 6.09% from the prior year.
- Cost of Revenue rose to $2.0 billion in Q2 2026 per PFG's latest filing, from $1.6 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $2.5 billion in Q4 2025 and bottomed at $1.4 billion in Q2 2022.
- Historically, Cost of Revenue has averaged $1.9 billion across 5 years, with a median of $1.9 billion in 2022.
- Annual changes were most pronounced in 2023 — Cost of Revenue surged 30.27% — and 2026, when it retreated 27.43%.
- Principal Financial's Cost of Revenue stood at $1.9 billion in 2022, then jumped by 30.27% to $2.5 billion in 2023, then slipped by 13.07% to $2.1 billion in 2024, then rose by 18.33% to $2.5 billion in 2025, then dropped by 21.59% to $2.0 billion in 2026.
- Business Quant data shows PFG's Cost of Revenue at $2.0 billion in Q2 2026, $1.6 billion in Q1 2026, and $2.5 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | - |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | - |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | - |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | - |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 613.00 Mn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | - |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 294.00 Mn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | - |
| 10 | Principal Financial | 23.89 Bn | -29.08 Bn | 1.91 Bn | 1.99 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.99 Bn |
| Jun 30, 2026 | 1.99 Bn |
| Mar 31, 2026 | 1.61 Bn |
| Mar 31, 2026 | 1.61 Bn |
| Dec 31, 2025 | 2.54 Bn |
| Dec 31, 2025 | 2.54 Bn |
| Sep 30, 2025 | 1.96 Bn |
| Sep 30, 2025 | 1.96 Bn |
| Jun 30, 2025 | 1.84 Bn |
| Jun 30, 2025 | 1.84 Bn |
| Mar 31, 2025 | 2.22 Bn |
| Mar 31, 2025 | 2.22 Bn |
| Dec 31, 2024 | 2.15 Bn |
| Dec 31, 2024 | 2.15 Bn |
| Sep 30, 2024 | 1.78 Bn |
| Sep 30, 2024 | 1.78 Bn |
| Jun 30, 2024 | 2.08 Bn |
| Jun 30, 2024 | 2.08 Bn |
| Mar 31, 2024 | 2.07 Bn |
| Mar 31, 2024 | 2.07 Bn |