Filing Flows › Principal Financial Group (PFG) › Q2 2026
Principal Financial Group (PFG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Principal Financial Group (PFG) reported revenue of $3.9B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +11% from the quarter before. Operating margin was 12.7%, net earnings $403M (10.3% of revenue).
Principal Financial Group, Q2 2026: revenue $3.9B (+6% year over year), operating margin 12.7%, net earnings $403M, operating cash flow $2.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9B | +11% | +6% |
| Operating profit | $496M | +3% | -1% |
| Net earnings | $403M | -5% | -0.7% |
| Operating cash flow | $2.1B | 11× | +156% |
What changed
Revenue was $3.9B in Q2 2026, up 6% year over year and up 11% from the previous quarter.
Operating profit was $0.50B, a 12.7% margin (down 1.0 points year over year). Operating profit fell $0.01B even though revenue rose $0.23B versus Q2 2025, so costs grew faster than sales. Total costs grew 8% against revenue growth of 6%. Net earnings were $0.40B, down 1% year over year. The effective tax rate was 13.3%.
Operating cash flow was $2.1B (up 156% year over year), 483% of net income including minority interests. Working capital and other items added $1.6B.
Questions
What was Principal Financial Group's revenue in the second quarter 2026?
Principal Financial Group (PFG) reported revenue of $3.9B for the second quarter 2026 (Q2 2026), +6% from a year earlier and +11% from the quarter before.
Was Principal Financial Group profitable in the second quarter 2026?
Operating profit was $496M (12.7% of revenue) and net earnings $403M.