Principal Financial (PFG) Operating Margin (2009 - 2026)
Principal Financial (PFG) posted Operating Margin of -38.30% for Q2 2026, down 1.88 percentage points from -36.41% a year earlier and down 6.30 percentage points from the prior quarter.
Powered by 
Analysis
Principal Financial (PFG) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Principal Financial was -39.80%, up 4.05 percentage points year-over-year; for FY2025, it was -45.75%, down 7.41 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of -1.06 percentage points (FY2020 to FY2025).
- In prior years, Principal Financial's Operating Margin was -38.34% in FY2024 (+13.25 pp), -51.58% in FY2023 (-47.91 pp), -3.67% in FY2022 (+33.39 pp) and -37.06% in FY2021 (+7.63 pp).
- Quarterly Operating Margin has run from a low of -132.93% in Q4 2023 to a high of 37.92% in Q2 2022 over five years.
- On a year-over-year basis, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of +6.28 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2024, with a gain of 111.16 percentage points; the weakest was Q2 2023, with a drop of 76.73 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was -32.00% (Q1 2026), -41.62% (Q4 2025) and -46.60% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - | 34.74% |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - | - |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - | - |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - | - |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn | -53.96% |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - | - |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn | 16.30% |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn | 71.79% |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn | 76.73% |
| 10 | Principal Financial | 24.46 Bn | 1.34 Bn | 1.91 Bn | -38.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -38.30% |
| Mar 31, 2026 | -32.00% |
| Dec 31, 2025 | -41.62% |
| Sep 30, 2025 | -46.60% |
| Jun 30, 2025 | -36.41% |
| Mar 31, 2025 | -59.28% |
| Dec 31, 2024 | -21.77% |
| Sep 30, 2024 | -68.80% |
| Jun 30, 2024 | -37.90% |
| Mar 31, 2024 | -35.59% |
| Dec 31, 2023 | -132.93% |
| Sep 30, 2023 | -2.30% |
| Jun 30, 2023 | -38.81% |
| Mar 31, 2023 | -70.46% |
| Dec 31, 2022 | -60.25% |
| Sep 30, 2022 | -3.49% |
| Jun 30, 2022 | 37.92% |
| Mar 31, 2022 | -35.93% |
| Dec 31, 2021 | -43.78% |
| Sep 30, 2021 | -39.22% |
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();