Filing Flows › Principal Financial Group (PFG) › How it makes money
How Principal Financial Group (PFG) makes money
Principal Financial Group (PFG) made $4.6B of revenue in the third quarter 2026 (Q3 2026), +25% from a year earlier. Of every dollar of revenue, 18¢ was left as operating profit, 14¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $4.6B | 100.0% |
| Operating profit | $839M | 18.2% |
| Income tax | $242M | 5.2% |
| Net earnings | $632M | 13.7% |
| Operating cash flow | $1.5B | 33.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $4.6B | +25% |
| Q2 2026 | $3.9B | +6% |
| Q1 2026 | $3.5B | -4% |
| Q4 2025 | $4.6B | -4% |
| Q3 2025 | $3.7B | +22% |
| Q2 2025 | $3.7B | -15% |
| Q1 2025 | $3.7B | -9% |
From Principal Financial Group's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Principal Financial Group make money?
Principal Financial Group (PFG) made $4.6B of revenue in the third quarter 2026 (Q3 2026), +25% from a year earlier. Of every dollar of revenue, 18¢ was left as operating profit, 14¢ was left as net earnings.
What is Principal Financial Group's profit margin?
Net earnings were $632M, 13.7% of revenue, in the third quarter 2026; the operating margin was 18.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.