Principal Financial (PFG) Cost of Revenue (2009 - 2026)
Principal Financial's (PFG) quarterly Cost of Revenue came in at $1.6 billion in Q1 2026, down 27.43% year-on-year from $2.2 billion in Q1 2025, and down 36.58% on a QoQ basis from $2.5 billion in Q4 2025.
Principal Financial (PFG) Cost of Revenue (2009 - 2026) Analysis & Trends
Principal Financial (PFG) has 18 years of Cost of Revenue data on file, last reported at $1.6 billion in Q1 2026.
- On a quarterly basis, Cost of Revenue fell 27.43% year-over-year to $1.6 billion in Q1 2026; TTM through Mar 2026 was $8.0 billion, a 3.25% decrease from a year earlier, with the FY2025 full-year figure at $8.6 billion, up 6.09% from the prior year.
- Cost of Revenue for Q1 2026 stood at $1.6 billion, down from $2.5 billion in the prior quarter.
- Over the last five years, Cost of Revenue for PFG reached as high as $2.5 billion in Q4 2025 and fell as low as $1.4 billion in Q2 2022.
- Historically, Cost of Revenue has averaged $1.9 billion across 5 years, with a median of $1.8 billion in 2025.
- Across the five-year window, Cost of Revenue soared 30.27% in 2023 and declined 27.43% in 2026, its largest moves.
- Year by year, Cost of Revenue stood at $1.9 billion in 2022, then soared by 30.27% to $2.5 billion in 2023, then declined by 13.07% to $2.1 billion in 2024, then advanced by 18.33% to $2.5 billion in 2025, then tumbled by 36.58% to $1.6 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $1.6 billion in Q1 2026, $2.5 billion in Q4 2025, and $2.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,261.80 Bn | 1,217.21 Bn | 18.56 Bn | 20.00 Mn |
| 2 | BlackRock | 165.12 Bn | 151.98 Bn | - | - |
| 3 | Blackstone | 103.58 Bn | 101.13 Bn | - | - |
| 4 | Brookfield Asset Management | 76.31 Bn | 75.26 Bn | - | - |
| 5 | Apollo Global Management | 73.95 Bn | 73.95 Bn | -409.00 Mn | 626.00 Mn |
| 6 | State Street | 51.18 Bn | 51.18 Bn | - | - |
| 7 | Ameriprise Financial | 50.08 Bn | 40.82 Bn | 4.57 Bn | 317.00 Mn |
| 8 | Raymond James Financial | 34.03 Bn | 19.06 Bn | - | - |
| 9 | Northern Trust | 33.84 Bn | 33.84 Bn | - | - |
| 10 | Principal Financial | 24.12 Bn | -26.73 Bn | -463.00 Mn | 1.61 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 2.47 Bn |
| Dec 31, 2023 | 2.47 Bn |