Principal Financial (PFG) Gross Margin (2009 - 2026)
Principal Financial (PFG) posted quarterly Gross Margin of 49.0% for Q2 2026, down 89.0% year-over-year from 445.42% in Q2 2025, and down 9.85% quarter-over-quarter from 54.35% in Q1 2026.
Principal Financial (PFG) Gross Margin (2009 - 2026) Analysis & Trends
Principal Financial (PFG) has reported Gross Margin for 18 consecutive years, with 49.0% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin fell 89.0% year-over-year to 49.0%; the TTM figure through Jun 2026 stood at 48.34% (up 111.0% YoY), while the FY2025 annual figure was 45.19%, down 476.0% from the prior year.
- Gross Margin slipped to 49.0% in Q2 2026 per PFG's latest filing, from 54.35% in the prior quarter.
- Across five years, Gross Margin topped out at 78.34% in Q2 2022 and bottomed at 8.22% in Q4 2023.
- Historically, Gross Margin has averaged 48.25% across 5 years, with a median of 48.97% in 2024.
- Annual changes were most pronounced in 2023 — Gross Margin tumbled 3161 bps — and 2024, when it surged 4660 bps.
- Principal Financial's Gross Margin stood at 39.83% in 2022, then slumped by 79 bps to 8.22% in 2023, then jumped by 567 bps to 54.82% in 2024, then slipped by 19 bps to 44.49% in 2025, then increased by 10 bps to 49.0% in 2026.
- Business Quant data shows PFG's Gross Margin at 49.0% in Q2 2026, 54.35% in Q1 2026, and 44.49% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | - |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | - |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | - |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | - |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 94.50% |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | - |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 94.14% |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | - |
| 10 | Principal Financial | 23.86 Bn | -29.11 Bn | 1.91 Bn | 49.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 49.00% |
| Mar 31, 2026 | 54.35% |
| Dec 31, 2025 | 44.49% |
| Sep 30, 2025 | 46.65% |
| Jun 30, 2025 | 49.88% |
| Mar 31, 2025 | 39.93% |
| Dec 31, 2024 | 54.82% |
| Sep 30, 2024 | 40.96% |
| Jun 30, 2024 | 51.80% |
| Mar 31, 2024 | 48.94% |
| Dec 31, 2023 | 8.22% |
| Sep 30, 2023 | 62.80% |
| Jun 30, 2023 | 48.44% |
| Mar 31, 2023 | 37.07% |
| Dec 31, 2022 | 39.83% |
| Sep 30, 2022 | 61.05% |
| Jun 30, 2022 | 78.34% |
| Mar 31, 2022 | 51.84% |
| Dec 31, 2021 | 45.97% |
| Sep 30, 2021 | 48.28% |