Principal Financial Group (PFG) Revenue & Revenue Breakdown

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Principal Financial Group Revenue Highlights

Latest Revenue (Y)

$13.67B

Latest Revenue (Q)

$3.01B

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
2024-09-30	$3.01B	-30.14%
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 $3.01B in revenue during Q3 2024, up -30.14% compared to the previous quarter, and up 84.66% 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
Corporate	$179.20M	$148.10M	$204.10M	-	-
Retirement and Income Solutions	$7.25B	$364.40M	$413.10M	-	-
Principal International	-	$426.30M	$492.70M	-	-
Principal Global Investors	-	$1.68B	$1.79B	-	-
Segment Principal Global Investors	-	-	-	$1.51B	$1.46B
Segment Corporate	-	-	-	$154.90M	$160.40M
Segment Principal International	-	-	-	$439.20M	$462.20M
Segment Retirement And Income Solutions	-	-	-	$342.60M	$357.80M

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	Sep 24	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
Segment Retirement and Investor Services	$1.69B	$2.19B	$1.93B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal Asset Management	$80.00M	$72.10M	$74.10M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retirement and Income Solutions	-	-	-	$6.98B	$139.60M	$130.20M	$88.50M	$89.90M	$88.60M	$97.40M	$105.40M	$106.00M	-	-	-	-	-	-	-	-
Corporate	-	-	-	$89.20M	$44.90M	$45.10M	$32.20M	$40.30M	$27.70M	$47.90M	$48.20M	$51.60M	-	-	-	-	-	-	-	-
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 Retirement And Income Solutions	-	-	-	-	-	-	-	-	-	-	-	-	$102.90M	$98.80M	$93.50M	$87.50M	$77.60M	$84.00M	$91.40M	$92.20M
Segment Corporate	-	-	-	-	-	-	-	-	-	-	-	-	$55.90M	$48.40M	$43.70M	$42.40M	$35.90M	$32.90M	$41.40M	$39.50M
Segment Principal Global Investors	-	-	-	-	-	-	-	-	-	-	-	-	$444.00M	$406.10M	$403.10M	$377.00M	$348.20M	$382.90M	$415.40M	$362.80M
Segment Principal International	-	-	-	-	-	-	-	-	-	-	-	-	$126.50M	$121.90M	$117.00M	$111.10M	$101.60M	$109.50M	$116.30M	$114.80M

Principal Financial Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Segment Retirement and Investor Services (95.47%), and Principal Asset Management (4.53%).

Principal Financial Group Revenue Breakdown by Country

Quarterly Revenue by Country

Country	Jun 18	Mar 18
Asia	$26.70M	$28.70M
Segment Geographical Area Eliminations	$-400.00K	$-400.00K
Latin America	$96.50M	$92.50M

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	$10.22B
AMP	Ameriprise Financial	$15.54B	$4.56B
PFG	Principal Financial Group	$13.67B	$3.01B
NTRS	Northern Trust	$12.12B	$3.94B
STT	State Street	$11.95B	$5.62B
BEN	Franklin Resources	$8.48B	$2.12B
TROW	T. Rowe Price Group	$6.46B	$1.79B
IVZ	Invesco	$5.72B	$1.52B
ARES	Ares Management	$3.63B	$1.19B
JHG	Janus Henderson Group	$2.15B	$624.80M
SEIC	SEI Investments Company	$1.92B	$537.40M
AMG	Affiliated Managers Group	-	$516.40M

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 Q3 2024 was $3.01B, a -30.14% decrease from the previous quarter (Q2 2024), and a -34.51% decrease year-over-year (Q3 2023). The company'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). PFG'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).

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 Corporate, and Retirement and Income Solutions. Corporate generated $179.2M in revenue, accounting 2.41% of the company's total revenue, up 21.00% year-over-year. Retirement and Income Solutions generated $7.25B in revenue, accounting 97.59% of the company's total revenue, up 1889.63% 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.