Principal Financial Group (PFG) Revenue & Revenue Breakdown
Principal Financial Group Revenue Highlights
Latest Revenue (Y)
$13.67B
Latest Revenue (Q)
$4.31B
Main Segment (Y)
Retirement and Income Solutions
Principal Financial Group Revenue by Period
Principal Financial Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $13.67B | -21.87% |
| 2022-12-31 | $17.49B | 22.64% |
| 2021-12-31 | $14.26B | -3.25% |
| 2020-12-31 | $14.74B | -9.13% |
| 2019-12-31 | $16.22B | 13.94% |
| 2018-12-31 | $14.24B | 1.02% |
| 2017-12-31 | $14.09B | 13.71% |
| 2016-12-31 | $12.39B | 3.59% |
| 2015-12-31 | $11.96B | 13.36% |
| 2014-12-31 | $10.55B | 9.87% |
| 2013-12-31 | $9.61B | 4.70% |
| 2012-12-31 | $9.18B | 5.35% |
| 2011-12-31 | $8.71B | 8.30% |
| 2010-12-31 | $8.04B | -9.12% |
| 2009-12-31 | $8.85B | -10.94% |
| 2008-12-31 | $9.94B | -8.90% |
| 2007-12-31 | $10.91B | 10.50% |
| 2006-12-31 | $9.87B | 9.58% |
| 2005-12-31 | $9.01B | 8.48% |
| 2004-12-31 | $8.30B | -11.70% |
| 2003-12-31 | $9.40B | 6.59% |
| 2002-12-31 | $8.82B | 0.06% |
| 2001-12-31 | $8.82B | 7.46% |
| 2000-12-31 | $8.21B | - |
Principal Financial Group generated $13.67B in revenue during NA 2023, up -21.87% compared to the previous quarter, and up 95.99% compared to the same period a year ago.
Principal Financial Group Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $4.31B | 6.35% |
| 2024-03-31 | $4.05B | 50.64% |
| 2023-12-31 | $2.69B | -41.49% |
| 2023-09-30 | $4.60B | 29.28% |
| 2023-06-30 | $3.56B | 26.19% |
| 2023-03-31 | $2.82B | -9.71% |
| 2022-12-31 | $3.12B | -32.14% |
| 2022-09-30 | $4.60B | -30.90% |
| 2022-06-30 | $6.66B | 114.11% |
| 2022-03-31 | $3.11B | -23.98% |
| 2021-12-31 | $4.09B | 19.49% |
| 2021-09-30 | $3.42B | -3.27% |
| 2021-06-30 | $3.54B | 10.31% |
| 2021-03-31 | $3.21B | -14.78% |
| 2020-12-31 | $3.77B | 13.73% |
| 2020-09-30 | $3.31B | 6.30% |
| 2020-06-30 | $3.11B | -31.57% |
| 2020-03-31 | $4.55B | 12.46% |
| 2019-12-31 | $4.05B | -9.22% |
| 2019-09-30 | $4.46B | 12.23% |
| 2019-06-30 | $3.97B | 6.11% |
| 2019-03-31 | $3.74B | -0.71% |
| 2018-12-31 | $3.77B | -13.28% |
| 2018-09-30 | $4.35B | 34.41% |
| 2018-06-30 | $3.23B | 12.18% |
| 2018-03-31 | $2.88B | -10.94% |
| 2017-12-31 | $3.24B | -30.04% |
| 2017-09-30 | $4.63B | 45.61% |
| 2017-06-30 | $3.18B | 4.23% |
| 2017-03-31 | $3.05B | -13.22% |
| 2016-12-31 | $3.51B | 24.69% |
| 2016-09-30 | $2.82B | -6.86% |
| 2016-06-30 | $3.03B | -0.36% |
| 2016-03-31 | $3.04B | 8.18% |
| 2015-12-31 | $2.81B | -13.39% |
| 2015-09-30 | $3.24B | -0.56% |
| 2015-06-30 | $3.26B | 22.65% |
| 2015-03-31 | $2.66B | -8.62% |
| 2014-12-31 | $2.91B | 17.06% |
| 2014-09-30 | $2.48B | -4.70% |
| 2014-06-30 | $2.61B | 5.17% |
| 2014-03-31 | $2.48B | 100.00% |
| 2013-12-31 | - | -100.00% |
| 2013-09-30 | $2.24B | 1.31% |
| 2013-06-30 | $2.21B | 2.03% |
| 2013-03-31 | $2.17B | -5.63% |
| 2012-12-31 | $2.30B | -15.11% |
| 2012-09-30 | $2.70B | 27.66% |
| 2012-06-30 | $2.12B | 1.08% |
| 2012-03-31 | $2.10B | 1.79% |
| 2011-12-31 | $2.06B | -1.43% |
| 2011-09-30 | $2.09B | -10.81% |
| 2011-06-30 | $2.34B | 5.51% |
| 2011-03-31 | $2.22B | -6.44% |
| 2010-12-31 | $2.37B | 3.67% |
| 2010-09-30 | $2.29B | 2.46% |
| 2010-06-30 | $2.23B | -1.34% |
| 2010-03-31 | $2.26B | 1.42% |
| 2009-12-31 | $2.23B | -1.67% |
| 2009-09-30 | $2.27B | 5.21% |
| 2009-06-30 | $2.16B | -1.41% |
| 2009-03-31 | $2.19B | -3.98% |
| 2008-12-31 | $2.28B | -8.75% |
| 2008-09-30 | $2.50B | -6.03% |
| 2008-06-30 | $2.66B | 6.30% |
| 2008-03-31 | $2.50B | -2.49% |
| 2007-12-31 | $2.56B | - |
Principal Financial Group generated $4.31B in revenue during Q2 2024, up 6.35% compared to the previous quarter, and up 152.92% compared to the same period a year ago.
Principal Financial Group Revenue Breakdown
Principal Financial Group Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Retirement and Income Solutions | $7.25B | $364.40M | $413.10M | - | - |
| Corporate | $179.20M | $148.10M | $204.10M | - | - |
| Principal Global Investors | - | $1.68B | $1.79B | - | - |
| Principal International | - | $426.30M | $492.70M | - | - |
| Segment Corporate | - | - | - | $154.90M | $160.40M |
| Segment Retirement And Income Solutions | - | - | - | $342.60M | $357.80M |
| Segment Principal International | - | - | - | $439.20M | $462.20M |
| Segment Principal Global Investors | - | - | - | $1.51B | $1.46B |
Principal Financial Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Retirement and Income Solutions (97.59%), and Corporate (2.41%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Principal Asset Management | $72.10M | $74.10M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Segment Retirement and Investor Services | $2.19B | $1.93B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Corporate | - | - | $89.20M | $44.90M | $45.10M | $32.20M | $40.30M | $27.70M | $47.90M | $48.20M | $51.60M | - | - | - | - | - | - | - | - | - |
| Retirement and Income Solutions | - | - | $6.98B | $139.60M | $130.20M | $88.50M | $89.90M | $88.60M | $97.40M | $105.40M | $106.00M | - | - | - | - | - | - | - | - | - |
| Principal Global Investors | - | - | - | - | - | $398.00M | $395.80M | $451.60M | $429.60M | $484.30M | $453.50M | - | - | - | - | - | - | - | - | - |
| Principal International | - | - | - | - | - | $104.40M | $102.30M | $109.20M | $110.40M | $119.20M | $125.10M | - | - | - | - | - | - | - | - | - |
| Segment Principal Global Investors | - | - | - | - | - | - | - | - | - | - | - | $444.00M | $406.10M | $403.10M | $377.00M | $348.20M | $382.90M | $415.40M | $362.80M | $346.20M |
| Segment Corporate | - | - | - | - | - | - | - | - | - | - | - | $55.90M | $48.40M | $43.70M | $42.40M | $35.90M | $32.90M | $41.40M | $39.50M | $42.50M |
| Segment Principal International | - | - | - | - | - | - | - | - | - | - | - | $126.50M | $121.90M | $117.00M | $111.10M | $101.60M | $109.50M | $116.30M | $114.80M | $116.20M |
| Segment Retirement And Income Solutions | - | - | - | - | - | - | - | - | - | - | - | $102.90M | $98.80M | $93.50M | $87.50M | $77.60M | $84.00M | $91.40M | $92.20M | $88.50M |
Principal Financial Group's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Segment Retirement and Investor Services (96.82%), and Principal Asset Management (3.18%).
Principal Financial Group Revenue Breakdown by Country
Quarterly Revenue by Country
| Country | Jun 18 | Mar 18 |
|---|---|---|
| Asia | $26.70M | $28.70M |
| Latin America | $96.50M | $92.50M |
| Segment Geographical Area Eliminations | $-400.00K | $-400.00K |
Principal Financial Group's latest quarterly revenue breakdown by geography, as of Jun 18: Latin America (78.58%), Asia (21.74%), and Segment Geographical Area Eliminations (-0.33%).
Principal Financial Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| BK | Bank of New York Mellon | $33.73B | $4.60B |
| AMP | Ameriprise Financial | $15.54B | $4.39B |
| PFG | Principal Financial Group | $13.67B | $4.31B |
| NTRS | Northern Trust | $12.12B | $4.70B |
| STT | State Street | $11.95B | $5.45B |
| BEN | Franklin Resources | $7.85B | $2.12B |
| TROW | T. Rowe Price Group | $6.46B | $1.73B |
| IVZ | Invesco | $5.72B | $1.48B |
| ARES | Ares Management | $3.63B | $890.54M |
| JHG | Janus Henderson Group | $2.15B | $596.90M |
| SEIC | SEI Investments Company | $1.92B | $519.65M |
| AMG | Affiliated Managers Group | - | $500.30M |
PFG Revenue FAQ
What is Principal Financial Group’s yearly revenue?
Principal Financial Group's yearly revenue for 2023 was $13.67B, representing a decrease of -21.87% compared to 2022. The company's yearly revenue for 2022 was $17.49B, representing an increase of 22.64% compared to 2021. PFG's yearly revenue for 2021 was $14.26B, representing a decrease of -3.25% compared to 2020.
What is Principal Financial Group’s quarterly revenue?
Principal Financial Group's quarterly revenue for Q2 2024 was $4.31B, a 6.35% increase from the previous quarter (Q1 2024), and a 21.18% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $4.05B, a 50.64% increase from the previous quarter (Q4 2023), and a 43.79% increase year-over-year (Q1 2023). PFG's quarterly revenue for Q4 2023 was $2.69B, a -41.49% decrease from the previous quarter (Q3 2023), and a -13.81% decrease year-over-year (Q4 2022).
What is Principal Financial Group’s revenue growth rate?
Principal Financial Group's revenue growth rate for the last 3 years (2021-2023) was -4.19%, and for the last 5 years (2019-2023) was -15.76%.
What are Principal Financial Group’s revenue streams?
Principal Financial Group's revenue streams in c 23 are Retirement and Income Solutions, and Corporate. Retirement and Income Solutions generated $7.25B in revenue, accounting 97.59% of the company's total revenue, up 1889.63% year-over-year. Corporate generated $179.2M in revenue, accounting 2.41% of the company's total revenue, up 21.00% year-over-year.
What is Principal Financial Group’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Principal Financial Group was Retirement and Income Solutions. This segment made a revenue of $7.25B, representing 97.59% of the company's total revenue.