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
DateValue
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