Principal Financial (PFG) Cost of Revenue (2009 - 2026)
Principal Financial's (PFG) quarterly Cost of Revenue came in at $2.0 billion in 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.
Analysis
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.
- On a quarterly basis, Cost of Revenue rose 8.27% year-over-year to $2.0 billion in Q2 2026; TTM through Jun 2026 was $8.1 billion, a 1.54% increase from a year earlier, with the FY2025 full-year figure at $8.6 billion, up 6.09% from the prior year.
- Cost of Revenue was $2.0 billion for Q2 2026 at Principal Financial, up from $1.6 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $2.5 billion in Q4 2025 and troughed at $1.4 billion in Q2 2022.
- A 5-year average of $1.9 billion and a median of $1.9 billion in 2022 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue jumped 30.27% in 2023 and fell 27.43% in 2026, its largest moves.
- Over 5 years, Cost of Revenue stood at $1.9 billion in 2022, then surged by 30.27% to $2.5 billion in 2023, then retreated by 13.07% to $2.1 billion in 2024, then grew by 18.33% to $2.5 billion in 2025, then decreased by 21.59% to $2.0 billion in 2026.
- The last three Cost of Revenue figures came in at $2.0 billion (Q2 2026), $1.6 billion (Q1 2026), and $2.5 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 165.77 Bn | 152.13 Bn | - | - |
| 2 | Spdr Gold Trust | 141.23 Bn | -416.77 Bn | - | - |
| 3 | World Gold Trust | 29.62 Bn | -73.45 Bn | - | - |
| 4 | Ishares Gold Trust | 27.46 Bn | -32.65 Bn | - | - |
| 5 | Principal Financial | 25.26 Bn | -27.00 Bn | 1.91 Bn | 1.99 Bn |
| 6 | iShares Silver Trust | 23.22 Bn | -4.99 Bn | - | - |
| 7 | Invesco | 13.47 Bn | 13.19 Bn | 1.79 Bn | 36.70 Mn |
| 8 | Voya Financial | 9.20 Bn | 8.58 Bn | 1.34 Bn | 560.00 Mn |
| 9 | Affiliated Managers | 9.20 Bn | 9.69 Bn | - | - |
| 10 | Victory Capital Holdings | 6.56 Bn | 6.49 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.99 Bn |
| Mar 31, 2026 | 1.61 Bn |
| Dec 31, 2025 | 2.54 Bn |
| Sep 30, 2025 | 1.96 Bn |
| Jun 30, 2025 | 1.84 Bn |
| Mar 31, 2025 | 2.22 Bn |
| Dec 31, 2024 | 2.15 Bn |
| Sep 30, 2024 | 1.78 Bn |
| Jun 30, 2024 | 2.08 Bn |
| Mar 31, 2024 | 2.07 Bn |
| Dec 31, 2023 | 2.47 Bn |
| Sep 30, 2023 | 1.71 Bn |
| Jun 30, 2023 | 1.83 Bn |
| Mar 31, 2023 | 1.77 Bn |
| Dec 31, 2022 | 1.90 Bn |
| Sep 30, 2022 | 1.80 Bn |
| Jun 30, 2022 | 1.44 Bn |
| Mar 31, 2022 | 1.49 Bn |
| Dec 31, 2021 | 2.30 Bn |
| Sep 30, 2021 | 1.77 Bn |