Filing Flows › Principal Financial Group (PFG) › Q2 2025
Principal Financial Group (PFG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Principal Financial Group (PFG) reported revenue of $3.7B for the second quarter 2025 (Q2 2025), -15% from a year earlier and -0.7% from the quarter before. Operating margin was 13.7%, net earnings $406M (11.1% of revenue).
Principal Financial Group, Q2 2025: revenue $3.7B (-15% year over year), operating margin 13.7%, net earnings $406M, operating cash flow $812M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | -0.7% | -15% |
| Operating profit | $503M | 17× | +13% |
| Net earnings | $406M | +744% | +15% |
| Operating cash flow | $812M | -17% | -43% |
What changed
Revenue was $3.7B in Q2 2025, down 15% year over year and down 1% from the previous quarter.
Operating profit was $0.50B, a 13.7% margin (up 3.4 points year over year). Total costs fell 18% while revenue fell 15%. Net earnings were $0.41B, up 15% year over year. The effective tax rate was 13.8%.
Operating cash flow was $0.81B (down 43% year over year), 187% of net income including minority interests. Working capital and other items added $0.38B.
Questions
What was Principal Financial Group's revenue in the second quarter 2025?
Principal Financial Group (PFG) reported revenue of $3.7B for the second quarter 2025 (Q2 2025), -15% from a year earlier and -0.7% from the quarter before.
Was Principal Financial Group profitable in the second quarter 2025?
Operating profit was $503M (13.7% of revenue) and net earnings $406M.