Principal Financial Group, Inc. (PFG) Financial Statements
Principal Financial financial statements at a glance
Principal Financial reported revenue of $15.63 billion for fiscal year 2025 (ended December 31, 2025), down 3.1% from fiscal year 2024. Net income was $1.19 billion, a net margin of 7.6%, and diluted earnings per share were $5.25.
At the end of fiscal year 2025 it had total assets of $341.38 billion, total liabilities of $328.99 billion and shareholders' equity of $11.88 billion, with cash and short-term investments of $32.25 billion and total debt of $3.95 billion.
Its operations brought in $4.54 billion of cash; capital spending was $98.00 million, leaving free cash flow of $4.44 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Principal Financial Group, Inc.
Income Statement
Annual • USD
Principal Financial key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $15.6B | $16.1B | $13.7B | $17.5B | $14.4B |
| Net income | $1.2B | $1.6B | $623.2M | $4.8B | $1.6B |
| Diluted EPS | $5.25 | $6.68 | $2.55 | $18.63 | $5.79 |
| Total assets | $341.4B | $313.7B | $305.0B | $290.9B | $304.7B |
| Total liabilities | $329.0B | $302.2B | $293.8B | $280.6B | $288.2B |
| Shareholders' equity | $11.9B | $11.1B | $10.9B | $10.0B | $16.1B |
| Cash and short-term investments | $32.2B | $29.9B | $70.4B | $67.7B | $80.5B |
| Total debt | $4.0B | $4.1B | $4.0B | $4.1B | $4.4B |
| Operating cash flow | $4.5B | $4.6B | $3.8B | $3.2B | $3.3B |
| Capital spending | $98.0M | $68.8M | $102.0M | $116.3M | $129.9M |
| Free cash flow | $4.4B | $4.5B | $3.7B | $3.1B | $3.1B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Principal Financial's revenue in fiscal year 2025?
$15.63 billion, down 3.1% from $16.13 billion in fiscal year 2024.
How much profit does Principal Financial make?
Principal Financial reported net income of $1.19 billion for fiscal year 2025 (7.6% of revenue).
How much cash and debt does Principal Financial have?
At the end of fiscal year 2025: cash and short-term investments of $32.25 billion and total debt of $3.95 billion.
What is Principal Financial's free cash flow?
$4.44 billion in fiscal year 2025 (operating cash flow of $4.54 billion minus capital spending of $98.00 million).
