Principal Financial (PFG) Operating Expenses (2009 - 2026)
Principal Financial (PFG) posted quarterly Operating Expenses of $3.4 billion for Q2 2026, up 7.62% year-over-year from $3.2 billion in Q2 2025, and up 11.89% quarter-over-quarter from $3.0 billion in Q1 2026.
Principal Financial (PFG) Operating Expenses (2009 - 2026) Analysis & Trends
Principal Financial (PFG) has reported Operating Expenses for 18 consecutive years, with $3.4 billion the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 7.62% year-over-year to $3.4 billion; the TTM figure through Jun 2026 stood at $13.8 billion (changed 0.37% YoY), while the FY2025 annual figure was $14.2 billion, changed 0.2% from the prior year.
- Operating Expenses grew to $3.4 billion in Q2 2026 per PFG's latest filing, from $3.0 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $3.9 billion in Q4 2025 and bottomed at $2.7 billion in Q2 2022.
- Historically, Operating Expenses has averaged $3.3 billion across 5 years, with a median of $3.2 billion in 2024.
- Annual changes were most pronounced in 2024 — Operating Expenses advanced 24.59% — and 2025, when it retreated 18.07%.
- Principal Financial's Operating Expenses stood at $3.2 billion in 2022, then advanced by 20.45% to $3.8 billion in 2023, then decreased by 4.17% to $3.6 billion in 2024, then increased by 8.28% to $3.9 billion in 2025, then fell by 13.49% to $3.4 billion in 2026.
- Business Quant data shows PFG's Operating Expenses at $3.4 billion in Q2 2026, $3.0 billion in Q1 2026, and $3.9 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Principal Financial | 23.86 Bn | -29.11 Bn | 1.91 Bn | 3.41 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.41 Bn |
| Mar 31, 2026 | 3.05 Bn |
| Dec 31, 2025 | 3.94 Bn |
| Sep 30, 2025 | 3.43 Bn |
| Jun 30, 2025 | 3.17 Bn |
| Mar 31, 2025 | 3.67 Bn |
| Dec 31, 2024 | 3.64 Bn |
| Sep 30, 2024 | 3.31 Bn |
| Jun 30, 2024 | 3.87 Bn |
| Mar 31, 2024 | 3.43 Bn |
| Dec 31, 2023 | 3.80 Bn |
| Sep 30, 2023 | 2.99 Bn |
| Jun 30, 2023 | 3.10 Bn |
| Mar 31, 2023 | 3.03 Bn |
| Dec 31, 2022 | 3.15 Bn |
| Sep 30, 2022 | 2.98 Bn |
| Jun 30, 2022 | 2.69 Bn |
| Mar 31, 2022 | 2.72 Bn |
| Dec 31, 2021 | 3.82 Bn |
| Sep 30, 2021 | 3.00 Bn |