Principal Financial (PFG) Gross Margin (2009 - 2026)
Principal Financial (PFG) reported Gross Margin of 40.33% for Q1 2026, down 8026.0% year-over-year from 0.51% in Q1 2025, and down 152.52% quarter-over-quarter 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.
- Gross Margin for Q1 2026 came in at 40.33%, down 8026.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 54.01% (up 8065.0% YoY), and the FY2025 annual result was 45.19%, up 6303.0% from the prior year.
- Gross Margin retreated to 40.33% in Q1 2026 per PFG's latest filing, from 76.79% in the prior quarter.
- Over five years, Gross Margin peaked at 147.44% in Q4 2024 and troughed at 67.99% in Q1 2022.
- A 5-year average of 15.41% and a median of 5.64% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2026: Gross Margin surged 16665 bps in 2024, then plunged 8026 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 18.52% in 2022, then decreased by 4 bps to 19.21% in 2023, then surged by 868 bps to 147.44% in 2024, then slumped by 48 bps to 76.79% in 2025, then plunged by 153 bps to 40.33% in 2026.
- Business Quant data shows PFG's Gross Margin at 40.33% in Q1 2026, 76.79% in Q4 2025, and 28.14% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | - |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | - |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | - |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 99.70% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 93.51% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | - |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | - |
| 10 | Principal Financial | 23.79 Bn | 20.28 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 | -28.14% |
| Jun 30, 2025 | 49.88% |
| Mar 31, 2025 | 39.93% |
| Dec 31, 2024 | 147.44% |
| Sep 30, 2024 | 40.96% |
| Jun 30, 2024 | 51.80% |
| Mar 31, 2024 | -22.86% |
| Dec 31, 2023 | -19.21% |
| Sep 30, 2023 | -17.33% |
| Jun 30, 2023 | -22.87% |
| Mar 31, 2023 | 37.07% |
| Dec 31, 2022 | -18.52% |
| Sep 30, 2022 | 61.05% |
| Jun 30, 2022 | -5.64% |
| Mar 31, 2022 | -67.99% |
| Dec 31, 2021 | 45.97% |
| Sep 30, 2021 | -43.92% |
| Jun 30, 2021 | -42.77% |