Filing Flows › Principal Financial Group (PFG) › Q1 2026
Principal Financial Group (PFG) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Principal Financial Group (PFG) reported revenue of $3.5B for the first quarter 2026 (Q1 2026), -5% from a year earlier and -23% from the quarter before. Operating margin was 13.7%, net earnings $425M (12.0% of revenue).
Principal Financial Group, Q1 2026: revenue $3.5B (-4% year over year), operating margin 13.7%, net earnings $425M, operating cash flow $187M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | -23% | -5% |
| Operating profit | $482M | -24% | 17× |
| Net earnings | $425M | -18% | +783% |
| Operating cash flow | $187M | -89% | -81% |
What changed
Revenue was $3.5B in Q1 2026, down 5% year over year and down 23% from the previous quarter.
Operating profit was $0.48B, a 13.7% margin (up 12.9 points year over year). Total costs fell 17% while revenue fell 5%. Net earnings were $0.42B, up 783% year over year ($0.41B including minority interests, which bore $0.01B of losses). The effective tax rate was 14.3%.
Operating cash flow was $0.19B (down 81% year over year), 45% of net income including minority interests. Working capital and other items used $0.23B.
Questions
What was Principal Financial Group's revenue in the first quarter 2026?
Principal Financial Group (PFG) reported revenue of $3.5B for the first quarter 2026 (Q1 2026), -5% from a year earlier and -23% from the quarter before.
Was Principal Financial Group profitable in the first quarter 2026?
Operating profit was $482M (13.7% of revenue) and net earnings $425M.