Principal Financial (PFG) Gross Margin (2009 - 2026)
Principal Financial's (PFG) quarterly Gross Margin came in at 40.33% in Q1 2026, down 1356.0% year-on-year from 3.21% in Q1 2025, and down 152.52% on a QoQ basis from 76.79% in Q4 2025.
Principal Financial (PFG) Gross Margin (2009 - 2026) Analysis & Trends
Principal Financial (PFG) has 18 years of Gross Margin data on file, last reported at 40.33% in Q1 2026.
- On a quarterly basis, Gross Margin fell 1356.0% year-over-year to 40.33% in Q1 2026; TTM through Mar 2026 was 53.67%, a 7255.0% increase from a year earlier, with the FY2025 full-year figure at 45.19%, up 6303.0% from the prior year.
- Gross Margin for Q1 2026 stood at 40.33%, down from 76.79% in the prior quarter.
- Over the last five years, Gross Margin for PFG reached as high as 154.83% in Q4 2023 and fell as low as 67.99% in Q1 2022.
- Historically, Gross Margin has averaged 13.82% across 5 years, with a median of 17.57% in 2024.
- Across the five-year window, Gross Margin surged 12112 bps in 2022 and slumped 17240 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 120.96% in 2022, then advanced by 28 bps to 154.83% in 2023, then tumbled by 111 bps to 17.57% in 2024, then jumped by 537 bps to 76.79% in 2025, then sank by 153 bps to 40.33% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 40.33% in Q1 2026, 76.79% in Q4 2025, and 46.65% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 99.89% |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | - |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | - |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | -188.48% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | - |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 93.51% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | - |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | - |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | - |
| 10 | Principal Financial | 23.31 Bn | -27.00 Bn | -463.00 Mn | -40.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -40.33% |
| Dec 31, 2025 | 76.79% |
| Sep 30, 2025 | 46.65% |
| Jun 30, 2025 | -31.75% |
| Mar 31, 2025 | -26.76% |
| Dec 31, 2024 | -17.57% |
| Sep 30, 2024 | -25.85% |
| Jun 30, 2024 | -7.85% |
| Mar 31, 2024 | -22.86% |
| Dec 31, 2023 | 154.83% |
| Sep 30, 2023 | -17.33% |
| Jun 30, 2023 | -22.87% |
| Mar 31, 2023 | -22.46% |
| Dec 31, 2022 | 120.96% |
| Sep 30, 2022 | 61.05% |
| Jun 30, 2022 | 78.34% |
| Mar 31, 2022 | -67.99% |
| Dec 31, 2021 | 79.27% |
| Sep 30, 2021 | -43.92% |
| Jun 30, 2021 | -42.77% |