Principal Financial (PFG) financial statements
Principal Financial reported revenue of $15.6B in fiscal 2025, up 2.6% a year over 9 years.
Net income was $1.2B and the operating margin 9.1%, against 12.8% in 2016.
The diluted share count fell 23% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Principal Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.4B | $14.1B | $14.2B | $16.2B | $14.7B | $14.4B | $17.5B | $13.7B | $16.1B | $15.6B |
| Operating income | $1.6B | $2.3B | $1.8B | $1.7B | $1.7B | $1.9B | $6.0B | $739M | $1.9B | $1.4B |
| Pre-tax income | $1.3B | $1.8B | $1.7B | $1.4B | $1.3B | $1.7B | $5.8B | $413M | $1.7B | $1.0B |
| Income tax | $230M | -$72M | $231M | $249M | $265M | $284M | $1.2B | $69M | $292M | $160M |
| Net income | $1.3B | $2.3B | $1.5B | $1.4B | $1.4B | $1.6B | $4.8B | $623M | $1.6B | $1.2B |
| EPS (diluted) | $4.50 | $7.88 | $5.36 | $4.96 | $5.05 | $5.79 | $18.63 | $2.55 | $6.68 | $5.25 |
| Diluted shares | 293M | 293M | 289M | 281M | 277M | 273M | 255M | 245M | 235M | 226M |
| Operating margin | 12.8% | 16.0% | 12.5% | 10.4% | 11.5% | 13.2% | 34.1% | 5.4% | 11.7% | 9.1% |
| Net margin | 10.6% | 16.4% | 10.9% | 8.6% | 9.5% | 11.0% | 27.1% | 4.6% | 9.7% | 7.6% |
Balance sheet
Fiscal years, from Principal Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2.7B | $2.5B | $3.0B | $2.5B | $2.8B | $2.3B | $4.8B | $4.7B | $4.2B | $4.4B |
| Property, plant and equipment | $699M | $760M | $767M | $968M | $1.0B | $1.0B | $996M | $938M | $769M | $701M |
| Goodwill | $1.0B | $1.1B | $1.1B | $1.7B | $1.7B | $1.6B | $1.6B | $1.6B | $1.5B | $1.6B |
| Total assets | $228.0B | $253.9B | $243.0B | $276.1B | $296.6B | $304.7B | $290.9B | $305.0B | $313.7B | $341.4B |
| Total liabilities | $217.6B | $240.9B | $231.2B | $261.1B | $279.8B | $288.2B | $280.6B | $293.8B | $302.2B | $329.0B |
| Shareholders' equity | $10.2B | $12.8B | $11.4B | $14.6B | $16.6B | $16.1B | $10.0B | $10.9B | $11.1B | $11.9B |
| Net debt | -$2.7B | -$2.5B | -$3.0B | -$2.5B | -$2.8B | -$2.3B | -$4.8B | -$4.7B | -$4.2B | -$4.4B |
Cash flow
Fiscal years, from Principal Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.9B | $4.2B | $5.2B | $5.5B | $3.7B | $3.3B | $3.2B | $3.8B | $4.6B | $4.5B |
| Stock-based compensation | $84M | $83M | $77M | $83M | $87M | $96M | $91M | $99M | $109M | $110M |
| Dividends paid | $465M | $540M | $599M | $606M | $614M | $654M | $642M | $626M | $658M | $684M |
| Share buybacks (net) | -$277M | -$220M | -$672M | -$281M | -$307M | -$937M | -$1.7B | -$740M | -$1.0B | -$903M |
| Net borrowing | -$275M | -$69M | $88M | $530M | $530M | $8M | -$286M | -$91M | $120M | -$409M |
| Dividends per share | $1.59 | $1.84 | $2.07 | $2.16 | $2.22 | $2.40 | $2.52 | $2.56 | $2.80 | $3.03 |
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What was Principal Financial's revenue in 2025?
$15.6B in fiscal 2025, from its 10-K filing.
From Principal Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.