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| Date | Value |
|---|---|
| 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 |