Principal Financial Group (PFG) Stock Buyback History
TTM buyback yield 4.52% · Shareholder yield (TTM) 4.52%.
TTM buyback yield
4.52%
Shareholder yield (TTM)
4.52%
5Y share count change
-18.4%
TTM buyback spend
$897.40M
SBC coverage (TTM)
9.69x
YoY change in spend
-13.4%
5Y CAGR of spend
+24.1%
Peak year (2022)
$1.70B
Cumulative spend
$13.94B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Principal Financial Group (PFG) repurchased about $897.40M of stock over the trailing twelve months.
- Diluted share count is down 18.4% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 9.69× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +24.1% per year over the latest 5-year window.
- TTM repurchases used about 30% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $902.70M | $0.00 | $902.70M | 0.23B | -0.2% | 4.60% |
| 2024 | $1.04B | $108.70M | $933.70M | 0.23B | -7.5% | 5.95% |
| 2023 | $740.40M | $99.40M | $641.00M | 0.24B | -4.2% | 3.98% |
| 2022 | $1.70B | $91.30M | $1.60B | 0.26B | -6.4% | 8.29% |
| 2021 | $937.20M | $96.10M | $841.10M | 0.27B | -1.3% | 4.85% |
| 2020 | $307.00M | $87.20M | $219.80M | 0.28B | -1.6% | 2.24% |
| 2019 | $281.00M | $82.60M | $198.40M | 0.28B | -2.7% | 1.82% |
| 2018 | $671.60M | $77.40M | $594.20M | 0.29B | -1.5% | 5.35% |
| 2017 | $220.40M | $82.70M | $137.70M | 0.29B | 0.2% | 1.06% |
| 2016 | $277.30M | $84.40M | $192.90M | 0.29B | -1.8% | 1.64% |
| 2015 | $850.60M | $84.50M | $766.10M | 0.30B | -0.3% | 6.41% |
| 2014 | $222.70M | $75.30M | $147.40M | 0.30B | 0.3% | 1.44% |
| 2013 | $153.60M | $68.50M | $85.10M | 0.30B | -0.7% | 1.04% |
| 2012 | $272.70M | $63.80M | $208.90M | 0.30B | -5.4% | 3.22% |
| 2011 | $556.40M | $43.40M | $513.00M | 0.32B | -1.7% | 7.52% |
| 2010 | $2.60M | $47.60M | −$45.00M | 0.32B | 8.1% | 0.02% |
| 2009 | $4.10M | $37.20M | −$33.10M | 0.30B | 14.5% | 0.05% |
| 2008 | $6.40M | $31.50M | −$25.10M | 0.26B | -2.6% | 0.11% |
| 2007 | $756.30M | $1.20M | $755.10M | 0.27B | -2.7% | 4.23% |
| 2006 | $755.80M | $2.10M | $753.70M | 0.28B | -4.9% | 4.81% |
| 2005 | $952.40M | $900.00K | $951.50M | 0.29B | -8.0% | 7.19% |
| 2004 | $772.60M | $43.40M | $729.20M | 0.32B | -3.7% | 6.34% |
| 2003 | $453.00M | $0.00 | $453.00M | 0.33B | -5.7% | 4.25% |
| 2002 | $742.40M | $0.00 | $742.40M | 0.35B | -4.2% | 7.44% |
| 2001 | $367.70M | $0.00 | $367.70M | 0.36B | 0.5% | 4.39% |
| 2000 | $0.00 | $0.00 | $0.00 | 0.36B | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Principal Financial Group (PFG) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Principal Financial Group (PFG)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Principal Financial Group (PFG)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $902.70M | -13.4% | -$139.70M | ||
| 2024 | $1.04B | +40.8% | +$302.00M | ||
| 2023 | $740.40M | -56.3% | -$954.60M | ||
| 2022 | $1.70B | +80.9% | +$757.80M | ||
| 2021 | $937.20M | +205.3% | +$630.20M | ||
| 2020 | $307.00M | +9.3% | +$26.00M | ||
| 2019 | $281.00M | -58.2% | -$390.60M | ||
| 2018 | $671.60M | +204.7% | +$451.20M | ||
| 2017 | $220.40M | -20.5% | -$56.90M | ||
| 2016 | $277.30M | -67.4% | -$573.30M | ||
| 2015 | $850.60M | +281.9% | +$627.90M | ||
| 2014 | $222.70M | +45.0% | +$69.10M | ||
| 2013 | $153.60M | -43.7% | -$119.10M | ||
| 2012 | $272.70M | -51.0% | -$283.70M | ||
| 2011 | $556.40M | +21300.0% | +$553.80M | ||
| 2010 | $2.60M | -36.6% | -$1.50M | ||
| 2009 | $4.10M | -35.9% | -$2.30M | ||
| 2008 | $6.40M | -99.2% | -$749.90M | ||
| 2007 | $756.30M | +0.1% | +$500,000 | ||
| 2006 | $755.80M | -20.6% | -$196.60M | ||
| 2005 | $952.40M | +23.3% | +$179.80M | ||
| 2004 | $772.60M | +70.6% | +$319.60M | ||
| 2003 | $453.00M | -39.0% | -$289.40M | ||
| 2002 | $742.40M | +101.9% | +$374.70M | ||
| 2001 | $367.70M | — | +$367.70M | ||
| 2000 | $0 | — | — |
The 2025 reading of Principal Financial Group (PFG) buyback spend is $902.70M – declined 13.4% year-over-year.
Across 2020–2025 (5 years), Principal Financial Group buyback spend produced a CAGR of +24.1% – with the latest reading among the more recent periods of the dataset.
Principal Financial Group buyback spend plunged from $1.70B in 2022 to $902.70M in 2025, a 46.7% drawdown.
Across the available history, buyback spend reached its high of $1.70B in 2022 and its low of $0 in 2000.
Within Financial Services, Principal Financial Group (PFG) ranks 8th among 8 peers we track. The peer median for buyback spend is $12.87B.
Principal Financial Group Buyback Spend 2025: $902.70M
Principal Financial Group buyback spend in 2025 was $902.70M, declined 13.4% below 2024.
Principal Financial Group Buyback Spend 2024: $1.04B
Principal Financial Group buyback spend in 2024 was $1.04B, surged 40.8% from 2023.
Principal Financial Group Buyback Spend 2023: $740.40M
Principal Financial Group buyback spend in 2023 was $740.40M, plunged 56.3% below 2022.
Principal Financial Group Buyback Spend 2022: $1.70B
Principal Financial Group buyback spend in 2022 was $1.70B, surged 80.9% from 2021. This figure represents the highest annual value in the available history.
Principal Financial Group Buyback Spend 2021: $937.20M
Principal Financial Group buyback spend in 2021 was $937.20M.
See more financial history for Principal Financial Group (PFG).
Sector peers by buyback spend
Companies in the same sector as Principal Financial Group, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $34.59B | Financial Services |
| Bank of America (BAC) | $21.43B | Financial Services |
| Wells Fargo (WFC) | $19.52B | Financial Services |
| Visa (V) | $13.39B | Financial Services |
| Goldman Sachs (GS) | $12.36B | Financial Services |
| Mastercard (MA) | $11.73B | Financial Services |
| Morgan Stanley (MS) | $5.83B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 9.69×.
Capital allocation mix
How Principal Financial Group splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $2.94B (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Principal Financial Group's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Principal Financial Group buy back its own stock?
Yes, Principal Financial Group (PFG) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Principal Financial Group spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $897.40M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Principal Financial Group's buyback yield?
TTM buyback yield is about 4.52% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Principal Financial Group's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 4.52% combined (TTM-based where available).
Is Principal Financial Group diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Principal Financial Group's share count changed?
Diluted weighted average shares changed by about -18.4% over roughly five fiscal years (annual income statement data).
What is Principal Financial Group's buyback spend?
Latest reported buyback spend for Principal Financial Group (PFG) is $897.40M (period ending March 31, 2026).
How has Principal Financial Group buyback spend changed year-over-year?
Principal Financial Group (PFG) buyback spend changed -13.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Principal Financial Group buyback spend?
Principal Financial Group (PFG) buyback spend compound annual growth rate is +24.1% over the most recent 5 years available.
When did Principal Financial Group buyback spend hit its highest annual value?
Principal Financial Group buyback spend reached its highest annual value of $1.70B in 2022.
What was Principal Financial Group buyback spend in 2024?
Principal Financial Group (PFG) buyback spend in 2024 was $1.04B.
What was Principal Financial Group buyback spend in 2025?
Principal Financial Group (PFG) buyback spend in 2025 was $902.70M.
Explore more
PFG Overview
Company profile, financial tools, and key metrics
PFG Revenue Counter
Earns $490.19 every second. See per minute, hour, and day.
PFG Earnings Counter
Earns $49.15 per second net profit. See per minute, hour, and day.
PFG Economic Scale
Exceeds Brunei Darussalam's GDP. Compare with world economies.
PFG What If Invested
What if you had invested $1,000? See historical returns from any date.
PFG How It Makes Money
Discover visual breakdown of $15.46B in revenue — where it comes from and where it goes.
PFG Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
PFG Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
PFG Daily Price Character
Explosive · 52.0% historical win rate (green days). Streaks & record days.
PFG Dividend Profile
Yield: 3.04%. Safety: 8/8. See full history.
PFG Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
PFG Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
PFG Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
PFG Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.