The Filings Report

Principal Financial Group, Inc.

PFGNasdaqCIK 1126328Financial / Insurance - Lifefiscal year ends December74 quarters since 2008

Revenue, Q3 FY2026
$4.6B
+25.4% on Q3 FY2025
Net income
$632M
+195.6% on Q3 FY2025
Free cash flow
—
no year-earlier figure
Diluted EPS
$2.91
+206.3% on Q3 FY2025
Revenue, TTM
$16.6B
trailing four quarters
Net margin, TTM
11.9%
net income $2.0B
Free cash flow, TTM
—
Cash and equivalents
$4.5B
long-term debt $4.3B, Sep 30, 2026
Shares, 12-month change
−3.3%
212M shares, Sep 30, 2026
Buybacks, TTM
$1.0B
4.3% of market value
Dividends, TTM
$701M
3.0% of market value
Market value
$23.7B
at the close, buybacks

Latest quarter Q3 FY2026, filed October 29, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended September 30, 2026, Principal Financial Group, Inc. reported revenue of $4.6B, +25.4% on Q3 FY2025, and net income of $632M (+195.6%). Diluted earnings per share were $2.91.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of October 29, 2026.

Revenue and net incomeRevenueNet income
−$2B$0$2B$4B$6BQ4'22, Revenue: $3.2BQ4'22, Net income: −$16MQ4'22Q1'23, Revenue: $2.8BQ1'23, Net income: −$140MQ1'23Q2'23, Revenue: $3.6BQ2'23, Net income: $389MQ2'23Q3'23, Revenue: $4.6BQ3'23, Net income: $1.2BQ3'23Q4'23, Revenue: $2.7BQ4'23, Net income: −$872MQ4'23Q1'24, Revenue: $4.1BQ1'24, Net income: $533MQ1'24Q2'24, Revenue: $4.3BQ2'24, Net income: $353MQ2'24Q3'24, Revenue: $3.0BQ3'24, Net income: −$220MQ3'24Q4'24, Revenue: $4.8BQ4'24, Net income: $905MQ4'24Q1'25, Revenue: $3.7BQ1'25, Net income: $48MQ1'25Q2'25, Revenue: $3.7BQ2'25, Net income: $406MQ2'25Q3'25, Revenue: $3.7BQ3'25, Net income: $214MQ3'25Q4'25, Revenue: $4.6BQ4'25, Net income: $517MQ4'25Q1'26, Revenue: $3.5BQ1'26, Net income: $425MQ1'26Q2'26, Revenue: $3.9BQ2'26, Net income: $403MQ2'26Q3'26, Revenue: $4.6BQ3'26, Net income: $632MQ3'26−$2B$0$2B$4B$6BQ4'22, Revenue: $3.2BQ4'22, Net income: −$16MQ1'23, Revenue: $2.8BQ1'23, Net income: −$140MQ1'23Q2'23, Revenue: $3.6BQ2'23, Net income: $389MQ3'23, Revenue: $4.6BQ3'23, Net income: $1.2BQ3'23Q4'23, Revenue: $2.7BQ4'23, Net income: −$872MQ1'24, Revenue: $4.1BQ1'24, Net income: $533MQ1'24Q2'24, Revenue: $4.3BQ2'24, Net income: $353MQ3'24, Revenue: $3.0BQ3'24, Net income: −$220MQ3'24Q4'24, Revenue: $4.8BQ4'24, Net income: $905MQ1'25, Revenue: $3.7BQ1'25, Net income: $48MQ1'25Q2'25, Revenue: $3.7BQ2'25, Net income: $406MQ3'25, Revenue: $3.7BQ3'25, Net income: $214MQ3'25Q4'25, Revenue: $4.6BQ4'25, Net income: $517MQ1'26, Revenue: $3.5BQ1'26, Net income: $425MQ1'26Q2'26, Revenue: $3.9BQ2'26, Net income: $403MQ3'26, Revenue: $4.6BQ3'26, Net income: $632MQ3'26

Net income losses drawn in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$2B$4B$6B$8BQ4'22, Cash and equivalents: $4.8BQ4'22, Long-term debt: $4.0BQ4'22Q1'23, Cash and equivalents: $4.6BQ1'23, Long-term debt: $4.7BQ1'23Q2'23, Cash and equivalents: $4.1BQ2'23, Long-term debt: $4.0BQ2'23Q3'23, Cash and equivalents: $4.6BQ3'23, Long-term debt: $3.9BQ3'23Q4'23, Cash and equivalents: $4.7BQ4'23, Long-term debt: $3.9BQ4'23Q1'24, Cash and equivalents: $4.2BQ1'24, Long-term debt: $3.9BQ1'24Q2'24, Cash and equivalents: $4.8BQ2'24, Long-term debt: $3.9BQ2'24Q3'24, Cash and equivalents: $6.2BQ3'24, Long-term debt: $3.9BQ3'24Q4'24, Cash and equivalents: $4.2BQ4'24, Long-term debt: $4.0BQ4'24Q1'25, Cash and equivalents: $3.9BQ1'25, Long-term debt: $4.3BQ1'25Q2'25, Cash and equivalents: $3.7BQ2'25, Long-term debt: $3.9BQ2'25Q3'25, Cash and equivalents: $5.1BQ3'25, Long-term debt: $3.9BQ3'25Q4'25, Cash and equivalents: $4.4BQ4'25, Long-term debt: $3.9BQ4'25Q1'26, Cash and equivalents: $4.1BQ1'26, Long-term debt: $3.9BQ1'26Q2'26, Cash and equivalents: $5.3BQ2'26, Long-term debt: $4.3BQ2'26Q3'26, Cash and equivalents: $4.5BQ3'26, Long-term debt: $4.3BQ3'26$0$2B$4B$6B$8BQ4'22, Cash and equivalents: $4.8BQ4'22, Long-term debt: $4.0BQ1'23, Cash and equivalents: $4.6BQ1'23, Long-term debt: $4.7BQ1'23Q2'23, Cash and equivalents: $4.1BQ2'23, Long-term debt: $4.0BQ3'23, Cash and equivalents: $4.6BQ3'23, Long-term debt: $3.9BQ3'23Q4'23, Cash and equivalents: $4.7BQ4'23, Long-term debt: $3.9BQ1'24, Cash and equivalents: $4.2BQ1'24, Long-term debt: $3.9BQ1'24Q2'24, Cash and equivalents: $4.8BQ2'24, Long-term debt: $3.9BQ3'24, Cash and equivalents: $6.2BQ3'24, Long-term debt: $3.9BQ3'24Q4'24, Cash and equivalents: $4.2BQ4'24, Long-term debt: $4.0BQ1'25, Cash and equivalents: $3.9BQ1'25, Long-term debt: $4.3BQ1'25Q2'25, Cash and equivalents: $3.7BQ2'25, Long-term debt: $3.9BQ3'25, Cash and equivalents: $5.1BQ3'25, Long-term debt: $3.9BQ3'25Q4'25, Cash and equivalents: $4.4BQ4'25, Long-term debt: $3.9BQ1'26, Cash and equivalents: $4.1BQ1'26, Long-term debt: $3.9BQ1'26Q2'26, Cash and equivalents: $5.3BQ2'26, Long-term debt: $4.3BQ3'26, Cash and equivalents: $4.5BQ3'26, Long-term debt: $4.3BQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

Principal Financial Group, Inc. income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 29, 2026Q1 FY2026ended Mar 31, 2026filed Apr 29, 2026Q4 FY2025ended Dec 31, 2025filed Feb 18, 2026Q3 FY2025ended Sep 30, 2025filed Oct 29, 2025Q2 FY2025ended Jun 30, 2025filed Jul 30, 2025Q1 FY2025ended Mar 31, 2025filed Apr 30, 2025Q4 FY2024ended Dec 31, 2024filed Feb 19, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue4,6163,9063,5294,5773,6823,6713,6964,752+25.4%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative—————————
Operating income—————————
Other income (expense)—————————
Pretax income—————————
Income tax24266691101570(34)210+1566.9%
Net income63240342551721440648905+195.6%
Diluted EPS ($)2.911.841.93—0.951.790.21—+206.3%
Diluted shares (millions)217219220—225227229——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

Principal Financial Group, Inc. balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 29, 2026Q1 FY2026ended Mar 31, 2026filed Apr 29, 2026Q4 FY2025ended Dec 31, 2025filed Feb 18, 2026Q3 FY2025ended Sep 30, 2025filed Oct 29, 2025Q2 FY2025ended Jun 30, 2025filed Jul 30, 2025Q1 FY2025ended Mar 31, 2025filed Apr 30, 2025Q4 FY2024ended Dec 31, 2024filed Feb 19, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents4,4515,2604,0544,4315,1373,6593,8764,212−13.4%
Short-term investments—————————
Total current assets—————————
Total assets338,742352,752332,705341,377334,492323,104313,003313,664+1.3%
Total current liabilities—————————
Long-term debt4,3264,3243,9283,9263,9253,9234,3213,955+10.2%
Total liabilities326,465339,863320,312328,985322,364311,245301,408302,195+1.3%
Stockholders’ equity11,81612,14311,81511,88411,66611,41511,21711,086+1.3%
Shares outstanding (millions)212214216217220223224226—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

Principal Financial Group, Inc. cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 29, 2026Q1 FY2026ended Mar 31, 2026filed Apr 29, 2026Q4 FY2025ended Dec 31, 2025filed Feb 18, 2026Q3 FY2025ended Sep 30, 2025filed Oct 29, 2025Q2 FY2025ended Jun 30, 2025filed Jul 30, 2025Q1 FY2025ended Mar 31, 2025filed Apr 30, 2025Q4 FY2024ended Dec 31, 2024filed Feb 19, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow1,5272,0771871,7441,0048129771,459+52.1%
Capital expenditures—————————
Free cash flow (CFO − capex)—————————
Depreciation and amortization—————————
Share repurchases251258235275228159240306+10.2%
Dividends paid179177174172173170169166+3.4%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 18, 2026.

Income statement

Principal Financial Group, Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 18, 2026FY2024ended Dec 31, 2024filed Feb 19, 2025FY2023ended Dec 31, 2023filed Feb 20, 2024FY2022ended Dec 31, 2022filed Feb 16, 2023FY2021ended Dec 31, 2021filed Feb 11, 2022FY2020ended Dec 31, 2020filed Feb 12, 2021FY2019ended Dec 31, 2019filed Feb 14, 2020FY2018ended Dec 31, 2018filed Feb 13, 2019FY2017ended Dec 31, 2017filed Feb 9, 2018FY2016ended Dec 31, 2016filed Feb 8, 2017FY2015ended Dec 31, 2015filed Feb 10, 2016FY2014ended Dec 31, 2014filed Feb 11, 2015FY2013ended Dec 31, 2013filed Feb 12, 2014FY2012ended Dec 31, 2012filed Feb 13, 2013FY2011ended Dec 31, 2011filed Feb 15, 2012FY2010ended Dec 31, 2010filed Feb 16, 2011FY2009ended Dec 31, 2009filed Feb 17, 2010FY2008ended Dec 31, 2008filed Aug 5, 2009FY2007ended Dec 31, 2007filed Aug 5, 2009
Revenue15,62616,12813,66617,53614,42814,74216,22214,23714,09312,39411,96410,4789,2909,2158,6719,1988,8499,93610,907
Cost of revenue———————————————————
Gross profit———————————————————
Research and development———————————————————
Selling, general and administrative———————————————————
Operating income———————————————————
Other income (expense)———————————————————
Pretax income———————————————————
Income tax161292691,190284265249231(72)230178319188135198105100(4)208
Net income1,1851,5716234,7571,5801,3961,3941,5472,3101,3171,2341,144913807638663623458860
Diluted EPS ($)5.256.682.5518.635.795.054.965.367.884.504.063.652.952.581.911.951.971.633.09
Diluted shares (millions)226235245255273277281289293293298299298300318323299261—

Balance sheet

Principal Financial Group, Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 18, 2026FY2024ended Dec 31, 2024filed Feb 19, 2025FY2023ended Dec 31, 2023filed Feb 20, 2024FY2022ended Dec 31, 2022filed Feb 16, 2023FY2021ended Dec 31, 2021filed Feb 11, 2022FY2020ended Dec 31, 2020filed Feb 12, 2021FY2019ended Dec 31, 2019filed Feb 14, 2020FY2018ended Dec 31, 2018filed Feb 13, 2019FY2017ended Dec 31, 2017filed Feb 9, 2018FY2016ended Dec 31, 2016filed Feb 8, 2017FY2015ended Dec 31, 2015filed Feb 10, 2016FY2014ended Dec 31, 2014filed Feb 11, 2015FY2013ended Dec 31, 2013filed Feb 12, 2014FY2012ended Dec 31, 2012filed Feb 13, 2013FY2011ended Dec 31, 2011filed Feb 15, 2012FY2010ended Dec 31, 2010filed Feb 16, 2011FY2009ended Dec 31, 2009filed Feb 17, 2010FY2008ended Dec 31, 2008filed Aug 5, 2009FY2007ended Dec 31, 2007filed Aug 5, 2009
Cash and equivalents4,4314,2124,7084,8482,3322,8502,5162,9782,4712,7202,5651,8642,3724,1772,8341,8772,2402,6081,344
Short-term investments———————————————————
Total current assets———————————————————
Total assets341,377313,664305,047290,867304,657296,628276,088243,036253,941228,014218,660219,087208,191161,830147,362145,631137,759128,182—
Total current liabilities———————————————————
Long-term debt3,9263,9553,9313,9974,2804,2793,7343,2603,1783,1263,2652,5312,6012,6711,5651,5841,5851,291—
Total liabilities328,985302,195293,836280,587288,199279,755261,137231,189240,918217,623209,197208,797198,167152,066137,968135,746129,743125,613—
Stockholders’ equity11,88411,08610,9169,97716,06916,55914,61811,39012,84910,2279,31210,1849,6849,6839,0189,7287,8942,473—
Shares outstanding (millions)217226236243261273275278290287292294296293301321319——

Cash flow statement

Principal Financial Group, Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 18, 2026FY2024ended Dec 31, 2024filed Feb 19, 2025FY2023ended Dec 31, 2023filed Feb 20, 2024FY2022ended Dec 31, 2022filed Feb 16, 2023FY2021ended Dec 31, 2021filed Feb 11, 2022FY2020ended Dec 31, 2020filed Feb 12, 2021FY2019ended Dec 31, 2019filed Feb 14, 2020FY2018ended Dec 31, 2018filed Feb 13, 2019FY2017ended Dec 31, 2017filed Feb 9, 2018FY2016ended Dec 31, 2016filed Feb 8, 2017FY2015ended Dec 31, 2015filed Feb 10, 2016FY2014ended Dec 31, 2014filed Feb 11, 2015FY2013ended Dec 31, 2013filed Feb 12, 2014FY2012ended Dec 31, 2012filed Feb 13, 2013FY2011ended Dec 31, 2011filed Feb 15, 2012FY2010ended Dec 31, 2010filed Feb 16, 2011FY2009ended Dec 31, 2009filed Feb 17, 2010FY2008ended Dec 31, 2008filed Aug 5, 2009FY2007ended Dec 31, 2007filed Aug 5, 2009
Operating cash flow4,5374,6033,7923,1733,2543,7095,4935,1574,1883,8584,377————————
Capital expenditures———————————————————
Free cash flow (CFO − capex)———————————————————
Depreciation and amortization251256273296275252227205196187193170154132120165139145130
Share repurchases9031,0427401,661937307281672220277301223154273556346756
Dividends paid684658626642654615606599540465441377288231214176160117236

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$485
1 purchases by 1 insider; officers and directors $485
Sold, twelve months
$5M
12 sales by 3 insiders; officers and directors $5M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Sep 25, 2026Auerbach JonathanDirectoraward161$0.00—23,112Sep 29, 2026
Sep 25, 2026Beams Mary E.Directoraward105$0.00—17,066Sep 29, 2026
Sep 25, 2026Muruzabal ClaudioDirectoraward97$0.00—13,699Sep 29, 2026
Sep 25, 2026Nordin Diane CDirectoraward211$0.00—31,548Sep 29, 2026
Sep 25, 2026Pickerell BlairDirectoraward273$0.00—40,100Sep 29, 2026
Sep 25, 2026Richer Clare StackDirectoraward138$0.00—21,550Sep 29, 2026
Sep 25, 2026Mitchell H ElizabethDirectoraward78$0.00—13,278Sep 29, 2026
Sep 25, 2026Carter Miller JocelynDirectoraward648$0.00—91,979Sep 29, 2026
Sep 25, 2026Rivera AlfredoDirectoraward113$0.00—16,624Sep 29, 2026
Sep 25, 2026Brown Timothy W.EVP, General Counsel and Secaward163$0.00—22,442Sep 29, 2026
Sep 25, 2026Agrawal VivekEVP & Chief Growth Officeraward226$0.00—46,762Sep 29, 2026
Sep 25, 2026Cheong Wee YeePresident - Asia & Middle Eastaward354$0.00—67,173Sep 29, 2026
Sep 25, 2026Littlefield Christopher JPresident - RISaward538$0.00—77,279Sep 29, 2026
Sep 25, 2026McCullum Kenneth A.EVP - Chief Risk Officeraward71$0.00—41,141Sep 29, 2026
Sep 25, 2026Pitz JoelEVP & CFOaward226$0.00—44,224Sep 29, 2026
Sep 25, 2026Pitz JoelEVP & CFOawardindirect2$0.00—2,930Sep 29, 2026
Sep 25, 2026Bhatia KamalPresident and CEO - PAMaward415$0.00—65,869Sep 29, 2026
Sep 25, 2026Kay Kathleen BEVP-Chief Information Officeraward383$0.00—44,683Sep 29, 2026
Sep 25, 2026Friedrich Amy ChristinePresident - Benefits & Protectaward577$0.00—109,440Sep 29, 2026
Sep 25, 2026Mills ScottDirectoraward246$0.00—36,386Sep 29, 2026
Sep 25, 2026Hochschild Roger CDirectoraward285$0.00—41,762Sep 29, 2026
Sep 25, 2026Strable-Soethout Deanna DChair, President and CEOaward593$0.00—174,460Sep 29, 2026
Sep 25, 2026Strable-Soethout Deanna DChair, President and CEOawardindirect42$0.00—53,584Sep 29, 2026
Sep 3, 2026Strable-Soethout Deanna DChair, President and CEOaward18,380$63.98$1M192,247Sep 8, 2026
Sep 3, 2026Strable-Soethout Deanna DChair, President and CEOaward18,380$63.98$1M210,627Sep 8, 2026

Full insider history for Principal Financial Group, Inc., or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
PRINCIPAL FINANCIAL GROUP, INC, CIK 1126328 on EDGAR
Extract generated
November 1, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: Revenues
Cost of revenue: not filed
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: not filed
Operating income: not filed
Other income (expense): not filed
Pretax income: not filed
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: not filed
Total assets: Assets
Total current liabilities: not filed
Long-term debt: LongTermDebt
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: not filed
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationAmortizationAndAccretionNet
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/PFG.json