Principal Financial (PFG) Operating Margin (2009 - 2026)
Principal Financial (PFG) posted Operating Margin of 18.17% for Q3 2026, up 11.42 percentage points from 6.75% a year earlier and up 5.46 percentage points from the prior quarter.
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Analysis
Principal Financial (PFG) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Operating Margin at Principal Financial was 14.75%, up 2.77 percentage points year-over-year; for FY2025, it was 9.06%, down 2.65 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of -2.43 percentage points (FY2020 to FY2025).
- In prior years, Principal Financial's Operating Margin was 11.72% in FY2024 (+6.31 pp), 5.41% in FY2023 (-28.73 pp), 34.14% in FY2022 (+20.90 pp) and 13.24% in FY2021 (+1.76 pp).
- The Q3 2026 figure stands as the highest quarterly Operating Margin since Q4 2024.
- On a year-over-year basis, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +10.44 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2024, with a gain of 64.56 percentage points; the weakest was Q2 2023, with a drop of 46.83 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 12.71% (Q2 2026), 13.65% (Q1 2026) and 13.89% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 188.98 Bn | 145.51 Bn | - | 30.03% |
| 2 | Spdr Gold Trust | 130.03 Bn | -427.97 Bn | - | - |
| 3 | Brookfield | 104.97 Bn | -79.04 Bn | - | - |
| 4 | Blackstone | 93.15 Bn | 87.36 Bn | - | - |
| 5 | Kkr | 90.40 Bn | 57.10 Bn | 1.76 Bn | -42.84% |
| 6 | Brookfield Asset Management | 85.45 Bn | 80.34 Bn | - | - |
| 7 | Apollo Global Management | 72.50 Bn | 89.29 Bn | 4.14 Bn | -29.25% |
| 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 | -53.88% |
| 10 | Principal Financial | 24.68 Bn | 2.16 Bn | 2.30 Bn | 18.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.17% |
| Jun 30, 2026 | 12.71% |
| Mar 31, 2026 | 13.65% |
| Dec 31, 2025 | 13.89% |
| Sep 30, 2025 | 6.75% |
| Jun 30, 2025 | 13.70% |
| Mar 31, 2025 | 0.78% |
| Dec 31, 2024 | 23.41% |
| Sep 30, 2024 | -9.76% |
| Jun 30, 2024 | 10.30% |
| Mar 31, 2024 | 15.47% |
| Dec 31, 2023 | -41.15% |
| Sep 30, 2023 | 34.90% |
| Jun 30, 2023 | 12.75% |
| Mar 31, 2023 | -7.54% |
| Dec 31, 2022 | -0.08% |
| Sep 30, 2022 | 35.47% |
| Jun 30, 2022 | 59.58% |
| Mar 31, 2022 | 12.22% |
| Dec 31, 2021 | 10.25% |
API Access
Principal Financial Operating 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=operating-margin&ticker=PFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=PFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();