Principal Financial (PFG) Operating Expenses (2009 - 2026)

Principal Financial's (PFG) quarterly Operating Expenses came in at $3.0 billion in Q1 2026, down 16.9% year-on-year from $3.7 billion in Q1 2025, and down 22.68% on a QoQ basis from $3.9 billion in Q4 2025.

Principal Financial (PFG) Operating Expenses (2009 - 2026) Analysis & Trends

Principal Financial (PFG) has 18 years of Operating Expenses data on file, last reported at $3.0 billion in Q1 2026.

  • On a quarterly basis, Operating Expenses fell 16.9% year-over-year to $3.0 billion in Q1 2026; TTM through Mar 2026 was $13.6 billion, a 2554.26% increase from a year earlier, with the FY2025 full-year figure at $14.2 billion, up 5139.49% from the prior year.
  • Operating Expenses for Q1 2026 stood at $3.0 billion, down from $3.9 billion in the prior quarter.
  • Over the last five years, Operating Expenses for PFG reached as high as $3.9 billion in Q4 2025 and fell as low as -$10.3 billion in Q4 2024.
  • Historically, Operating Expenses has averaged $1.1 billion across 5 years, with a median of $3.0 billion in 2026.
  • Across the five-year window, Operating Expenses slumped 316.13% in 2022 and surged 138.16% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at -$8.3 billion in 2022, then declined by 7.69% to -$8.9 billion in 2023, then declined by 16.16% to -$10.3 billion in 2024, then jumped by 138.16% to $3.9 billion in 2025, then slipped by 22.68% to $3.0 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $3.0 billion in Q1 2026, $3.9 billion in Q4 2025, and $3.4 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 Principal Financial 23.31 Bn -27.00 Bn -463.00 Mn 3.05 Bn

Historic Data

Download Data
DateValue
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 -10.33 Bn
Sep 30, 2024 3.31 Bn
Jun 30, 2024 3.87 Bn
Mar 31, 2024 3.43 Bn
Dec 31, 2023 -8.89 Bn
Sep 30, 2023 2.99 Bn
Jun 30, 2023 3.10 Bn
Mar 31, 2023 3.03 Bn
Dec 31, 2022 -8.26 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
Jun 30, 2021 3.11 Bn