Financials in USD. Standardized financial statements.
A compact view of how Principal Financial Group, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $15.63B | $16.13B | $13.67B | $17.54B | $14.43B | $14.74B | $16.22B | $14.24B | $14.09B | $12.39B |
| Revenue Growth? | -3.1% | +18.0% | -22.1% | +21.5% | -2.1% | -9.1% | +13.9% | +1.0% | +13.7% | 0.0% |
| Cost of Revenue? | $8.56B | $8.77B | $7.77B | $6.49B | $7.35B | $8.28B | $9.91B | $8.19B | $7.82B | $6.91B |
| Gross Profit? | $7.06B | $7.35B | $5.90B | $11.04B | $7.08B | $6.46B | $6.32B | $6.04B | $6.27B | $5.48B |
| Gross Margin? | +45.2% | +45.6% | +43.2% | +63.0% | +49.0% | +43.8% | +38.9% | +42.5% | +44.5% | +44.2% |
| Operating Expenses? | $5.64B | $5.46B | $5.16B | $5.06B | $5.16B | $4.77B | $4.62B | $4.26B | $4.02B | $3.89B |
| Operating Income? | $1.42B | $1.89B | $738.80M | $5.99B | $1.91B | $1.69B | $1.69B | $1.78B | $2.25B | $1.59B |
| EBITDA? | $1.67B | $2.15B | $1.01B | $6.28B | $2.19B | $1.95B | $1.92B | $1.99B | $2.45B | $1.78B |
| Income Before Tax | $1.42B | $1.89B | $738.80M | $5.99B | $1.91B | $1.69B | $1.69B | $1.78B | $2.25B | $1.59B |
| Income Tax Expense | $160.50M | $291.70M | $68.70M | $1.19B | $283.90M | $265.00M | $249.20M | $230.70M | -$72.30M | $229.90M |
| Net Income? | $1.19B | $1.57B | $623.20M | $4.76B | $1.58B | $1.40B | $1.39B | $1.55B | $2.31B | $1.32B |
| EPS? | $5.32 | $6.77 | $2.58 | $18.94 | $5.87 | $5.08 | $5.00 | $5.41 | $8.00 | $4.55 |
| Diluted EPS? | $5.25 | $6.68 | $2.55 | $18.63 | $5.79 | $5.05 | $4.96 | $5.35 | $7.88 | $4.50 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality