Principal Financial (PFG) Operating Margin (2009 - 2026)
Principal Financial (PFG) reported Operating Margin of 104.43% for Q1 2026, up 7289.0% year-over-year from 1.41% in Q1 2025, and up 851.32% quarter-over-quarter from 10.98% in Q4 2025.
Principal Financial (PFG) Operating Margin (2009 - 2026) Analysis & Trends
Principal Financial (PFG) has 18 years of Operating Margin data on file, last reported at 104.43% in Q1 2026.
- Operating Margin for Q1 2026 came in at 104.43%, up 7289.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.43% (down 6302.0% YoY), and the FY2025 annual result was 30.27%, down 3468.0% from the prior year.
- Operating Margin grew to 104.43% in Q1 2026 per PFG's latest filing, from 10.98% in the prior quarter.
- Over five years, Operating Margin peaked at 126.83% in Q1 2022 and troughed at 94.71% in Q4 2024.
- A 5-year average of 37.22% and a median of 35.0% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2024 and 2025: Operating Margin sank 14915 bps in 2024, then surged 10569 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 61.35% in 2022, then retreated by 11 bps to 54.44% in 2023, then sank by 274 bps to 94.71% in 2024, then soared by 112 bps to 10.98% in 2025, then soared by 851 bps to 104.43% in 2026.
- Business Quant data shows PFG's Operating Margin at 104.43% in Q1 2026, 10.98% in Q4 2025, and 78.32% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 160.20 Bn | 150.57 Bn | - | 42.01% |
| 2 | Blackstone | 96.40 Bn | 95.35 Bn | - | - |
| 3 | Kkr | 85.87 Bn | 133.39 Bn | - | 46.06% |
| 4 | Apollo Global Management | 79.90 Bn | 98.63 Bn | 5.04 Bn | 1.56% |
| 5 | State Street | 46.62 Bn | 20.95 Bn | - | - |
| 6 | Ameriprise Financial | 42.78 Bn | 42.65 Bn | 4.57 Bn | 18.44% |
| 7 | Northern Trust | 32.35 Bn | 32.35 Bn | - | - |
| 8 | Ares Management | 30.25 Bn | 33.62 Bn | - | - |
| 9 | Raymond James Financial | 30.24 Bn | 18.99 Bn | - | - |
| 10 | Principal Financial | 24.12 Bn | 20.61 Bn | -463.00 Mn | 104.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 104.43% |
| Dec 31, 2025 | 10.98% |
| Sep 30, 2025 | 78.32% |
| Jun 30, 2025 | 2.88% |
| Mar 31, 2025 | 31.54% |
| Dec 31, 2024 | -94.71% |
| Sep 30, 2024 | -2.05% |
| Jun 30, 2024 | 2.16% |
| Mar 31, 2024 | 7.82% |
| Dec 31, 2023 | 54.44% |
| Sep 30, 2023 | 67.85% |
| Jun 30, 2023 | 66.20% |
| Mar 31, 2023 | 35.00% |
| Dec 31, 2022 | 61.35% |
| Sep 30, 2022 | 19.71% |
| Jun 30, 2022 | 60.01% |
| Mar 31, 2022 | 126.83% |
| Dec 31, 2021 | 29.66% |
| Sep 30, 2021 | 88.86% |
| Jun 30, 2021 | 82.34% |