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PFG · Principal Financial Group Inc · Financials

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$111.96 -2.01 (-1.76%) At close · Sep 30
Market Cap
$24.79B
Shares
216.01M
Volume · Sep 30 1.23M Avg daily vol (3M) 1.38M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$15.63B -3.1%
FY2025 Revenue FY2007–FY2025
Net Income
$1.19B -24.6%
FY2025 Net Income FY2007–FY2025
Diluted EPS
$5.25 -21.4%
FY2025 Diluted EPS FY2007–FY2025
Operating Cash Flow
$4.54B -1.4%
FY2025 Operating Cash Flow FY2007–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008 FY2007
$15.46B $15.63B $16.13B $13.67B $17.54B $14.43B $14.74B $16.22B $14.24B $14.09B $12.39B $11.96B $10.48B $9.29B $9.22B $8.67B $9.2B $8.85B $9.94B $10.91B
$6.18B $6.78B $6.85B $6.47B $5.34B $4.84B $6.04B $7.87B $6.41B $6.22B $5.3B $5.31B $3.72B $3.15B $3.22B $2.89B $3.56B $3.75B $4.21B $4.63B
— $72.9M $66.1M $68.6M $70.7M $75.3M $73.5M $62.8M $53.9M $45.4M $44.5M $42.5M $49.9M $48M $22.7M — — — — —
— $251.4M $256.2M $272.7M $295.9M $275.3M $251.9M $226.8M $205.1M $195.7M $186.6M $193M $169.5M $153.9M $132.1M $119.9M $164.7M $138.5M $145M $130.2M
$22.7M $27.7M -$27.3M -$72.2M -$182.1M $115.4M $302.6M -$52.8M -$75.4M $524.2M $171.1M -$51.1M $14.7M -$225.2M $114.1M -$122.3M -$190.2M -$398.3M -$694.1M -$328.8M
$263.4M $160.5M $291.7M $68.7M $1.19B $283.9M $265M $249.2M $230.7M -$72.3M $229.9M $177.6M $318.5M $187.9M $134.6M $198.3M $104.9M $100.1M -$4.5M $208.1M
$1.56B $1.19B $1.57B $623.2M $4.76B $1.58B $1.4B $1.39B $1.55B $2.31B $1.32B $1.23B $1.14B $912.7M $806.6M $638.3M $662.9M $622.7M $458.1M $860.3M
— 7.58% 9.74% 4.56% 27.13% 10.95% 9.47% 8.59% 10.86% 16.39% 10.62% 10.31% 10.92% 9.83% 8.75% 7.36% 7.21% 7.04% 4.61% 7.89%
$43.9M $70.4M $26.9M $46.9M $40.6M $46.8M $32.7M $49.9M $7.2M $14.1M $45.3M $19.2M $32.3M $23.4M $18.8M $36.2M $17.9M $23M $7.7M $24.2M
$1.56B $1.19B $1.57B $623.2M $4.76B $1.58B $1.4B $1.39B $1.55B $2.31B $1.32B $1.21B $1.11B $879.7M $773.6M $605.3M $629.9M $589.7M $425.1M $827.3M
$2B $2.22B $1.69B $2.16B -$152.5M $2.24B $2.74B $4B -$284.7M $3.15B $1.53B $311.4M $1.01B $455.6M $1.18B $598.2M $2B — — —
USD/shares $7.07 $5.32 $6.77 $2.58 $18.94 $5.87 $5.08 $5.00 $5.41 $8.00 $4.55 $4.11 $3.70 $2.99 $2.60 $1.92 $1.97 $1.98 $1.64 $3.12
USD/shares $6.97 $5.25 $6.68 $2.55 $18.63 $5.79 $5.05 $4.96 $5.36 $7.88 $4.50 $4.06 $3.65 $2.95 $2.58 $1.91 $1.95 $1.97 $1.63 $3.09
shares — 222.8M 232M 241.3M 251.1M 269M 274.7M 278.6M 285.8M 288.9M 289.4M 294.4M 294.7M 294.6M 297.5M 314.5M 320.3M 297.3M 259.3M —
shares — 225.7M 235.3M 244.6M 255.3M 272.9M 276.6M 281M 288.8M 293.1M 292.7M 298M 298.7M 298.2M 300.4M 317.6M 323M 298.9M 261.1M —
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $9.32B in buybacks, $8.33B in dividends.

Debt Profile

Completed filing coverage through Feb 18, 2026

Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.

Debt data is being processed. Please check back later.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

5.300% Senior Notes due 2037

Note · Principal Financial Group, Inc.

Reference: 5.300% Senior Notes due 2037

Active
Outstanding
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Commitment
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Availability
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Maturity
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Documents and filing history
  1. Issuance · 2026-06-01 Outstanding — · carrying — Exact source document Parent 8-K filing · 2026-06-01
    On June 1, 2026, Principal Financial Group, Inc. (the “Company”) issued $400,000,000 aggregate principal amount of its 5.300% Senior Notes due 2037 (the “Notes”). The Notes were issued pursuant to the Senior Indenture, dated as of May 21, 2009 (the “Senior Indenture”), among the Company, as issuer, Principal Financial Services, Inc. (“PFSI”), as guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee, as supplemented by the Eighteenth Supplemental Indenture, dated as of June 1, 2026 (the “Supplemental Indenture”). The Notes are fully and unconditionally guaranteed by PFSI pursuant to the guarantee, dated as of June 1, 2026 (the “Guarantee”).
    Issuer evidence: On June 1, 2026, Principal Financial Group, Inc. (the “Company”) issued $400,000,000 aggregate principal amount of its 5.300% Senior Notes due 2037 (the “Notes”). The Notes were issued pursuant to the Senior Indenture, dated as of May 21, 2009 (the “Senior Indenture”), among the Company, as issuer, Principal Financial Services, Inc. (“PFSI”), as guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee, as supplemented by the Eighteenth Supplemental Indenture, dated as of June 1, 2026 (the “Supplemental Indenture”). The Notes are fully and unconditionally guaranteed by PFSI pursuant to the guarantee, dated as of June 1, 2026 (the “Guarantee”).
    Supporting evidence: On June 1, 2026, Principal Financial Group, Inc. (the “Company”) issued $400,000,000 aggregate principal amount of its 5.300% Senior Notes due 2037 (the “Notes”). The Notes were issued pursuant to the Senior Indenture, dated as of May 21, 2009 (the “Senior Indenture”), among the Company, as issuer, Principal Financial Services, Inc. (“PFSI”), as guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee, as supplemented by the Eighteenth Supplemental Indenture, dated as of June 1, 2026 (the “Supplemental Indenture”). The Notes are fully and unconditionally guaranteed by PFSI pursuant to the guarantee, dated as of June 1, 2026 (the “Guarantee”).
    Supporting evidence: On June 1, 2026, Principal Financial Group, Inc. (the “Company”) issued $400,000,000 aggregate principal amount of its 5.300% Senior Notes due 2037 (the “Notes”). The Notes were issued pursuant to the Senior Indenture, dated as of May 21, 2009 (the “Senior Indenture”), among the Company, as issuer, Principal Financial Services, Inc. (“PFSI”), as guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee, as supplemented by the Eighteenth Supplemental Indenture, dated as of June 1, 2026 (the “Supplemental Indenture”). The Notes are fully and unconditionally guaranteed by PFSI pursuant to the guarantee, dated as of June 1, 2026 (the “Guarantee”).

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
1.60×
Peer median 4.02×
EV/EBIT
—
Peer median 14.30×
P/E (TTM)
16.47×
Peer median 19.30×

Peer medians compare against the 40 similar-size Asset Management companies (of 109 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Segment Retirement And Income Solutions $8,181,900,000 $7,976,100,000 $7,250,200,000 $5,899,200,000 $590,100,000 $599,800,000 $464,800,000 $262,900,000
Segment Benefits And Protection $4,965,100,000 $4,789,000,000 $4,551,300,000 $4,302,800,000 $75,300,000 — — —
Segment Principal Asset Management $2,810,900,000 $2,790,400,000 $2,782,300,000 $3,181,300,000 $2,254,600,000 — — —
Segment Corporate $101,200,000 $76,800,000 $76,400,000 $17,100,000 $230,100,000 $154,900,000 $160,400,000 $161,400,000
Segment Principal Global Investors — — — $1,675,000,000 $1,787,900,000 $1,511,200,000 $1,456,700,000 $1,700,500,000
Segment Principal International — — — $426,300,000 $492,700,000 $439,200,000 $462,200,000 $477,100,000
Segment US Insurance Solutions — — — $80,100,000 $75,300,000 $63,200,000 $65,900,000 $57,000,000

By Geography (USD)

Component FY2022 FY2021 FY2020 FY2019 FY2018 FY2017
Latin America $314,400,000 $362,600,000 $323,500,000 $351,500,000 $370,800,000 $318,900,000
Asia $111,900,000 $128,800,000 $115,900,000 $111,000,000 $106,300,000 $108,300,000
Corporate and Regional $2,000,000 $2,600,000 $900,000 $900,000 $900,000 $700,000
Segment Geographical Area Eliminations -$2,000,000 -$1,300,000 -$1,100,000 -$1,200,000 -$900,000 -$1,500,000

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Administrative Service $587,500,000 $651,100,000 $539,500,000 $537,000,000 $576,700,000 — — —
Commission Income $545,500,000 $485,600,000 $375,800,000 $367,400,000 $389,600,000 $316,600,000 $320,200,000 $316,100,000
Financial Service Other $99,300,000 $89,100,000 $87,700,000 $332,300,000 $354,400,000 $275,800,000 $266,600,000 $496,400,000
Deposit Account $13,300,000 $12,400,000 $11,300,000 $10,200,000 $9,200,000 — — —
Products and Services Eliminations -$393,100,000 -$344,800,000 -$278,800,000 -$279,200,000 -$227,600,000 -$220,800,000 -$205,900,000 -$190,100,000
Management Service — — — $1,851,700,000 $1,998,500,000 $1,733,700,000 $1,698,400,000 $1,716,600,000
Key facts CIK 1126328 CUSIP 74251V102 13F (30d) 21 filings 17 filers Visit website Investor relations