Filing Flows › Principal Financial Group (PFG) › Q3 2025
Principal Financial Group (PFG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Principal Financial Group (PFG) reported revenue of $3.7B for the third quarter 2025 (Q3 2025), +22% from a year earlier and +0.3% from the quarter before. Operating margin was 6.7%, net earnings $214M (5.8% of revenue).
Principal Financial Group, Q3 2025: revenue $3.7B (+22% year over year), operating margin 6.7%, net earnings $214M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | +0.3% | +22% |
| Operating profit | $248M | -51% | — |
| Net earnings | $214M | -47% | — |
| Operating cash flow | $1.0B | +24% | -11% |
What changed
Revenue was $3.7B in Q3 2025, up 22% year over year and roughly flat from the previous quarter.
Operating profit was $0.25B, a 6.7% margin (up 16.5 points year over year). Total costs grew 4% against revenue growth of 22%. Net earnings were $0.21B. The effective tax rate was 5.8%.
Operating cash flow was $1.0B (down 11% year over year), 429% of net income including minority interests. Working capital and other items added $0.77B.
Questions
What was Principal Financial Group's revenue in the third quarter 2025?
Principal Financial Group (PFG) reported revenue of $3.7B for the third quarter 2025 (Q3 2025), +22% from a year earlier and +0.3% from the quarter before.
Was Principal Financial Group profitable in the third quarter 2025?
Operating profit was $248M (6.7% of revenue) and net earnings $214M.