Principal Financial (PFG) Gross Margin (2009 - 2026)
Principal Financial (PFG) recorded Gross Margin of 49.00% in Q2 2026, down 0.89 percentage points from 49.88% a year earlier and down 5.35 percentage points from the prior quarter.
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Analysis
Principal Financial (PFG) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Principal Financial's Gross Margin came in at 48.34% as of Jun 30, 2026, up 1.11 percentage points year-over-year; for FY2025, it was 45.19%, down 4.76 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +1.37 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 49.95% in FY2024 (+6.94 pp), 43.01% in FY2023 (-19.18 pp), 62.18% in FY2022 (+12.49 pp) and 49.69% in FY2021 (+5.87 pp).
- Quarterly Gross Margin has ranged from 8.22% in Q4 2023 to 78.34% in Q2 2022 over the past five years.
- On a year-over-year basis, Gross Margin rose in three of the last eight quarters, with an average year-over-year change of +2.84 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 46.60 percentage points in Q4 2024, against a drop of 31.61 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 54.35% (Q1 2026), 44.49% (Q4 2025) and 46.65% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.03 Bn | 110.39 Bn | - | - |
| 2 | Spdr Gold Trust | 134.08 Bn | -423.92 Bn | - | - |
| 3 | Blackstone | 84.38 Bn | 79.31 Bn | - | - |
| 4 | Brookfield | 81.99 Bn | -83.40 Bn | 4.47 Bn | 23.02% |
| 5 | Kkr | 81.98 Bn | 48.46 Bn | - | - |
| 6 | Brookfield Asset Management | 71.20 Bn | 67.45 Bn | - | - |
| 7 | Apollo Global Management | 66.86 Bn | 4.54 Bn | 10.56 Bn | 94.67% |
| 8 | Wheaton Precious Metals | 60.68 Bn | 56.11 Bn | 687.86 Mn | 74.03% |
| 9 | Franco Nevada | 45.90 Bn | 43.27 Bn | 451.00 Mn | 77.64% |
| 10 | Principal Financial | 24.03 Bn | 903.68 Mn | 1.91 Bn | 49.00% |
Historic Data
Download Data
Historic 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% |
API Access
Principal Financial Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PFG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();