Principal Financial (PFG) Net Margin (2009 - 2026)
Principal Financial (PFG) reported Net Margin of 13.69% for Q3 2026, up 7.88 percentage points from 5.81% a year earlier and up 3.36 percentage points from the prior quarter.
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Analysis
Principal Financial (PFG) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Principal Financial's Net Margin came in at 11.89%, up 1.93 percentage points year-over-year; for FY2025, it was 7.58%, down 2.16 percentage points from FY2024.
- Net Margin has a five-year change of -1.88 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 9.74% in FY2024 (+5.18 pp), 4.56% in FY2023 (-22.57 pp), 27.13% in FY2022 (+16.17 pp) and 10.95% in FY2021 (+1.48 pp).
- The Q3 2026 figure ranks as the highest quarterly Net Margin since Q4 2024.
- Year over year, Net Margin gained in five of the last eight quarters, with an average year-over-year change of +8.21 percentage points.
- The high point for year-over-year Net Margin in five years was Q4 2024 (a gain of 51.45 percentage points); the low point was Q2 2023 (a drop of 35.87 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 10.33% (Q2 2026), 12.03% (Q1 2026) and 11.30% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 188.98 Bn | 145.51 Bn | - | 21.40% |
| 2 | Spdr Gold Trust | 130.03 Bn | -427.97 Bn | - | - |
| 3 | Brookfield | 104.97 Bn | -79.04 Bn | - | 1.66% |
| 4 | Blackstone | 93.15 Bn | 87.36 Bn | - | 21.63% |
| 5 | Kkr | 90.40 Bn | 57.10 Bn | 1.76 Bn | 24.57% |
| 6 | Brookfield Asset Management | 85.45 Bn | 80.34 Bn | - | 346.20% |
| 7 | Apollo Global Management | 72.50 Bn | 89.29 Bn | 4.14 Bn | -22.30% |
| 8 | Wheaton Precious Metals | 62.02 Bn | 62.02 Bn | 538.50 Mn | - |
| 9 | Ares Management | 50.21 Bn | 48.79 Bn | 376.28 Mn | 4.19% |
| 10 | Principal Financial | 24.68 Bn | 2.16 Bn | 2.30 Bn | 13.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.69% |
| Jun 30, 2026 | 10.33% |
| Mar 31, 2026 | 12.03% |
| Dec 31, 2025 | 11.30% |
| Sep 30, 2025 | 5.81% |
| Jun 30, 2025 | 11.06% |
| Mar 31, 2025 | 1.30% |
| Dec 31, 2024 | 19.05% |
| Sep 30, 2024 | -7.31% |
| Jun 30, 2024 | 8.19% |
| Mar 31, 2024 | 13.14% |
| Dec 31, 2023 | -32.40% |
| Sep 30, 2023 | 27.10% |
| Jun 30, 2023 | 10.93% |
| Mar 31, 2023 | -4.97% |
| Dec 31, 2022 | -0.51% |
| Sep 30, 2022 | 28.45% |
| Jun 30, 2022 | 46.80% |
| Mar 31, 2022 | 10.94% |
| Dec 31, 2021 | 8.02% |
API Access
Principal Financial Net 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=net-margin&ticker=PFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=PFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();