Principal Financial Group (PFG) Q3 FY2026 earnings

Principal Financial Group Inc. (PFG) announced its results for Q3 FY2026, the quarter ended 30 September 2026, on 26 October 2026. The figures are from the company's earnings press release; the 10-Q with the full statements is not filed yet, and this page fills in when it is.

RevenueNot yetwith the 10-Q

Net incomeNot yetwith the 10-Q

Diluted EPSNot yet

QuarterQ3 FY2026ended 30 September 2026

What management said

Guidance figures: 1 raised.

Operating earnings per share up 7%: Non-GAAP operating earnings per diluted share excluding significant variances were $2.49, up 7% from the prior year quarter; reported non-GAAP operating earnings per diluted share rose 6%.
Significant variances reduced third quarter earnings: Significant variances reduced non-GAAP operating earnings by $58.8 million after tax, or $0.27 per diluted share, in the third quarter, led by lower than expected variable investment income.
Specialty Benefits premiums and sales grew: Specialty Benefits premium and fees rose 6% to $895.4 million and sales rose 10%. Pre-tax operating earnings fell 12% to $137.3 million, mainly due to the 3Q25 actuarial assumption review.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Revenue	n/a	3,906	3,682	n/a
Net income	n/a	403	214	n/a
Diluted EPS	n/a	$1.84	$0.95	n/a

$ million except per share.

Q3 FY2026 is from the company's press release of 26 October 2026; the other columns are from its 10-Q and 10-K filings. A release figure is shown when the release's own figure for an earlier quarter matches the filed one, so the line and its units are read right; revenue, net income, diluted EPS will come with the 10-Q.

Quarterly results, the last 20 quarters filed

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022 †	Q2 FY2022 †	Q3 FY2022 †	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	3,424	4,091	3,096	6,659	4,625	3,122	2,819	3,557	4,599	2,691	4,053	4,311	3,012	4,752	3,696	3,671	3,682	4,577	3,529	3,906
Operating income	428	609	378	3,965	1,640	4.9	-212	454	1,605	-1,107	627	444	-294	1,112	28.9	503	248	636	482	496
Operating margin	13%	15%	12%	60%	35%	0%	-8%	13%	35%	-41%	15%	10%	-10%	23%	1%	14%	7%	14%	14%	13%
Net income	360	472	339	3,119	1,316	-9.5	-140	389	1,246	-872	532	353	-220	905	48.1	406	214	517	425	403
Net margin	11%	12%	11%	47%	28%	-0%	-5%	11%	27%	-32%	13%	8%	-7%	19%	1%	11%	6%	11%	12%	10%
Diluted EPS	$1.32	$1.76	$1.28	$12.17	$5.22	-$0.02	-$0.58	$1.58	$5.10	-$3.55	$2.22	$1.49	-$0.95	$3.92	$0.21	$1.79	$0.95	$2.30	$1.93	$1.84
Operating cash flow	973	1,112	31.5	807	1,171	1,163	695	1,102	1,051	944	584	1,432	1,128	1,459	977	812	1,004	1,744	187	2,077
Buybacks	204	352	754	197	459	250	188	100	201	251	234	250	252	306	240	159	228	275	235	258
Dividends paid	168	168	167	162	157	156	156	155	156	159	162	165	165	166	169	170	173	172	174	176
Shares outstanding	266m	262m	252m	250m	245m	244m	243m	242m	240m	236m	235m	232m	229m	226m	225m	223m	221m	217m	216m	215m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Earnings press release for the quarter ended 30 September 2026, filed with the SEC on 26 October 2026 with a Form 8-K: the release.