How does Principal Financial Group (PFG) make money?

Principal Financial Group (PFG) primarily makes money through Segment Retirement and Investor Services, which accounts for 49.9% of total revenue. For TTM through Q1 2026, Principal Financial Group generated $12.07B in total revenue with a net profit margin of 12.9%.

What is Principal Financial Group (PFG) gross profit margin?

Principal Financial Group (PFG) reported a gross profit margin of 47.7% for TTM through Q1 2026, equivalent to $5.76B in gross profit. This means Principal Financial Group retains 47.7% of each revenue unit after direct costs of production.

What is Principal Financial Group (PFG) operating profit margin?

Principal Financial Group (PFG) reported an operating profit margin of 11.5% for TTM through Q1 2026, equivalent to $1.39B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Principal Financial Group (PFG) net profit margin?

Principal Financial Group (PFG) reported a net profit margin of 12.9% for TTM through Q1 2026, equivalent to $1.56B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Principal Financial Group (PFG) spend on capital expenditures?

Principal Financial Group (PFG) spent $98.00M on capital expenditures in TTM through Q1 2026 (0.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Principal Financial Group (PFG) free cash flow?

Principal Financial Group (PFG) generated $4.44B in free cash flow for TTM through Q1 2026 (36.8% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Principal Financial Group (PFG) effective tax rate?

Principal Financial Group (PFG) had an effective tax rate of 14% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Principal Financial Group (PFG) Makes Money: A Visual Guide

Principal Financial Group (PFG) generated $12.07B in revenue, earning $1.56B in net profit (12.9% margin). Its largest revenue source is Segment Retirement and Investor Services (49.9% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Principal Financial Group (PFG) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported March 31, 2026).

Frequently asked questions

How does Principal Financial Group (PFG) make money?: Principal Financial Group (PFG) primarily makes money through Segment Retirement and Investor Services, which accounts for 49.9% of total revenue. For TTM through Q1 2026, Principal Financial Group generated $12.07B in total revenue with a net profit margin of 12.9%.
What is Principal Financial Group (PFG) gross profit margin?: Principal Financial Group (PFG) reported a gross profit margin of 47.7% for TTM through Q1 2026, equivalent to $5.76B in gross profit. This means Principal Financial Group retains 47.7% of each revenue unit after direct costs of production.
What is Principal Financial Group (PFG) operating profit margin?: Principal Financial Group (PFG) reported an operating profit margin of 11.5% for TTM through Q1 2026, equivalent to $1.39B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Principal Financial Group (PFG) net profit margin?: Principal Financial Group (PFG) reported a net profit margin of 12.9% for TTM through Q1 2026, equivalent to $1.56B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Principal Financial Group (PFG) spend on capital expenditures?: Principal Financial Group (PFG) spent $98.00M on capital expenditures in TTM through Q1 2026 (0.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Principal Financial Group (PFG) free cash flow?: Principal Financial Group (PFG) generated $4.44B in free cash flow for TTM through Q1 2026 (36.8% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Principal Financial Group (PFG) effective tax rate?: Principal Financial Group (PFG) had an effective tax rate of 14% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.