Filing Flows › Principal Financial Group (PFG) › Q3 2026
Principal Financial Group (PFG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Principal Financial Group (PFG) reported revenue of $4.6B for the third quarter 2026 (Q3 2026), +25% from a year earlier and +18% from the quarter before. Operating margin was 18.2%, net earnings $632M (13.7% of revenue).
Principal Financial Group, Q3 2026: revenue $4.6B (+25% year over year), operating margin 18.2%, net earnings $632M, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6B | +18% | +25% |
| Operating profit | $839M | +69% | +238% |
| Net earnings | $632M | +57% | +196% |
| Operating cash flow | $1.5B | -27% | +52% |
What changed
Revenue was $4.6B in Q3 2026, up 25% year over year and up 18% from the previous quarter.
Operating profit was $0.84B, a 18.2% margin (up 11.4 points year over year). Of the extra revenue versus Q3 2025, 63% reached operating profit, above the 7% margin then. Total costs grew 10% against revenue growth of 25%. Net earnings were $0.63B, up 196% year over year ($0.60B including minority interests, which bore $0.03B of losses). The effective tax rate was 28.8%.
Operating cash flow was $1.5B (up 52% year over year), 256% of net income including minority interests. Working capital and other items added $0.93B.
Questions
What was Principal Financial Group's revenue in the third quarter 2026?
Principal Financial Group (PFG) reported revenue of $4.6B for the third quarter 2026 (Q3 2026), +25% from a year earlier and +18% from the quarter before.
Was Principal Financial Group profitable in the third quarter 2026?
Operating profit was $839M (18.2% of revenue) and net earnings $632M.