FN2 Earnings Intelligence

Principal Financial Group (PFG) earnings history

Principal Financial Group, Inc. (PFG) quarterly earnings scorecards, market reactions, transcript intelligence, and historical context.

Earnings History

Estimate Beat Miss Match
PFG EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 2 future estimate-only quarters. Q2 '24 estimate $1.84 Q2 '24 actual $1.63, miss Q3 '24 estimate $2.01 Q3 '24 actual $1.76, miss Q2 '25 estimate $1.97 Q2 '25 actual $2.16, beat Q3 '25 estimate $2.20 Q3 '25 actual $2.10, miss Q4 '25 estimate $2.23 Q4 '25 actual $2.19, miss Q1 '26 estimate $2.01 Q1 '26 actual $2.07, beat Q2 '26 estimate $2.34 Q2 '26 actual $2.50, beat Q3 '26 estimate $2.43 Q3 '26 actual $2.22, miss Q4 '26 estimate $2.51 Q1 '27 estimate $2.28
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PFG FY2026 Q3 · Calendar Q4 2026

Principal Financial Group, Inc.

The supplied analysis supports a balanced view: retirement growth, international pension expansion, and private-market and ETF initiatives provide operating support, but active-equity outflows and Beam integration costs remain important offsets. The next test is whether strategic growth areas can outpace flow pressure as Beam moves toward 2027 repapering.

EPS surprise-8.6%
Market move+0.3%
PFG FY2026 Q2 · Calendar Q3 2026

Principal Financial Group, Inc.

The current analysis supports a constructive but qualified view: retirement services and Benefits & Protection showed strong operating momentum, while investment-management outflows remain the central counterweight. The evidence favors resilience, but sustained outflows and acquisition execution require monitoring.

EPS surprise+6.8%
Market move+2.5%
PFG FY2026 Q1 · Calendar Q2 2026

Principal Financial Group, Inc.

Principal Financial Group opened fiscal 2026 with 13% adjusted EPS growth to $2.07, beating the $2.01 consensus by roughly 3%. The quarter showed broad-based momentum: retirement transfer deposits grew 35% year-over-year, specialty benefits sales set a record with 24% growth, and Investment Management gross sales reached $37 billion. Management maintained the full-year 2026 outlook of 9-12% EPS growth and 15-17% ROE first introduced last quarter, indicating Q1 results track within but not ahead of the target range. The market response was measured — a 1.6% abnormal move followed by a 4.5% subsequent drift higher. Revenue of $3.52 billion fell short of the $4.12 billion estimate; the provided transcript analysis does not attribute the gap to a specific cause. The stock currently trades at $113.95, above the analyst consensus target of $104.67, suggesting the market is pricing in…

EPS surprise+3.0%
Market move+2.4%
PFG FY2025 Q4 · Calendar Q1 2026

Principal Financial Group, Inc.

The latest call supports a constructive operating thesis: management paired broad-based 2025 margin and EPS growth with a higher 2026 outlook, while retirement deposits and private-market demand remained key growth drivers. The main test is whether those gains persist as performance fees, dental claims, FX and free-cash-flow conversion introduce variability.

EPS surprise-1.8%
Market move-2.4%
PFG FY2025 Q3 · Calendar Q4 2025

Principal Financial Group, Inc.

The quarter supports a constructive but conditional view: earnings growth and resilient retirement demand were evident, but the durability of margin expansion, fee generation and private-market flows remains important to the outlook.

EPS surprise-4.5%
Market move+3.3%
PFG FY2025 Q2 · Calendar Q3 2025

Principal Financial Group, Inc.

The quarter supports a constructive operating picture: earnings growth, margin expansion, AUM growth and institutional demand were paired with disciplined expenses. The durability of that trajectory depends on performance fees, real-estate recovery, PRT volumes and specialty-benefits trends.

EPS surprise+9.6%
Market move-0.2%
PFG FY2025 Q1 · Calendar Q2 2025

Principal Financial Group, Inc.

The supplied analysis supports a constructive but qualified view: retirement, SMB deposits, asset management, and productivity initiatives provide potential support, while volatility, fee pressure, and flow risks remain material counterweights.

EPS surprise—
Market move+1.3%
PFG FY2024 Q4 · Calendar Q1 2025

Principal Financial Group, Inc.

The supplied analysis supports a constructive but qualified view: earnings growth and diversified retirement and asset-management platforms provide support, while withdrawals, market sensitivity and Specialty Benefits margins remain key tests.

EPS surprise—
Market move+2.9%

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