Principal Financial (PFG) Tax Rate (2009 - 2026)
Principal Financial (PFG) posted Tax Rate of 28.81% for Q3 2026, up 22.98 percentage points from 5.84% a year earlier and up 15.52 percentage points from the prior quarter.
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Analysis
Principal Financial (PFG) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Tax Rate at Principal Financial was 19.86%, up 6.12 percentage points year-over-year; for FY2025, it was 11.33%, down 4.10 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of -4.31 percentage points (FY2020 to FY2025).
- In prior years, Principal Financial's Tax Rate was 15.44% in FY2024 (+6.14 pp), 9.30% in FY2023 (-10.57 pp), 19.87% in FY2022 (+5.01 pp) and 14.86% in FY2021 (-0.79 pp).
- The Q3 2026 figure stands as the highest quarterly Tax Rate since Q3 2017.
- On a year-over-year basis, Tax Rate increased in 1 of the last four quarters, with an average year-over-year change of +3.79 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q3 2026, with a gain of 22.98 percentage points; the weakest was Q2 2023, with a drop of 7.87 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 13.30% (Q2 2026), 14.30% (Q1 2026) and 17.37% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 188.98 Bn | 145.51 Bn | - | 27.38% |
| 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 | - | 16.89% |
| 5 | Kkr | 90.40 Bn | 57.10 Bn | 1.76 Bn | 18.04% |
| 6 | Brookfield Asset Management | 85.45 Bn | 80.34 Bn | - | 9.94% |
| 7 | Apollo Global Management | 72.50 Bn | 89.29 Bn | 4.14 Bn | - |
| 8 | Wheaton Precious Metals | 62.02 Bn | 62.02 Bn | 538.50 Mn | 11.62% |
| 9 | Ares Management | 50.21 Bn | 48.79 Bn | 376.28 Mn | 15.00% |
| 10 | Principal Financial | 24.68 Bn | 2.16 Bn | 2.30 Bn | 28.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 28.81% |
| Jun 30, 2026 | 13.30% |
| Mar 31, 2026 | 14.30% |
| Dec 31, 2025 | 17.37% |
| Sep 30, 2025 | 5.84% |
| Jun 30, 2025 | 13.83% |
| Dec 31, 2024 | 18.87% |
| Jun 30, 2024 | 19.62% |
| Mar 31, 2024 | 15.17% |
| Sep 30, 2023 | 22.11% |
| Jun 30, 2023 | 13.21% |
| Sep 30, 2022 | 20.04% |
| Jun 30, 2022 | 21.07% |
| Mar 31, 2022 | 9.30% |
| Dec 31, 2021 | 14.10% |
| Sep 30, 2021 | 14.90% |
| Jun 30, 2021 | 14.10% |
| Mar 31, 2021 | 15.90% |
| Dec 31, 2020 | 16.92% |
| Sep 30, 2020 | 14.25% |
API Access
Principal Financial Tax Rate 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=tax-rate&ticker=PFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=PFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();