The financials
Principal Financial Group by the numbers
Principal Financial Group (PFG) reported revenue of $3.53B in Q1 2026 (quarter ended March 31, 2026), down 4.5% from the same quarter a year earlier. That came with net income of $425M (12% of revenue). For the full year FY2025, revenue was $15.6B (−3.1% year on year) and net income $1.19B. Its largest segment in 2026-Q1 was Segment Retirement And Income Solutions at $1.52B, 44% of the disclosed total, just ahead of Segment Benefits And Protection at 36%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $3.53B | $3.70B | −4.5% |
| Net income | $425M | $48M | +783% |
| Diluted EPS | $1.93 | $0.21 | +819% |
| Operating | Revenue | Share |
|---|---|---|
| Segment Retirement And Income Solutions | $1.52B | 44% |
| Segment Benefits And Protection | $1.25B | 36% |
| Segment Principal Asset Management | $683M | 20% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $3.29B (-11%)
Segment Benefits And Protection grew +3.3% year on yearSegment Retirement And Income Solutions -27% year on year
Segment Latestquarter on quarteryear on year
- Segment Retirement And Income Solutions$1.52B$1.52BQoQ -19%year on year -27%-19%-27%
- Segment Benefits And Protection$1.25B$1.25BQoQ -0.54%year on year +3.3%-0.54%+3.3%
- Segment Principal Asset Management$683.3M$683.3MQoQ -6.0%year on year -0.51%-6.0%-0.51%
- Segment Corporate−$163.1M−$163.1MQoQ -year on year ---
Asset Management
Ranks #8 of 38 by Smart Score