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
DateValue
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%