Principal Financial Group (PFG) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the most recent quarter. The decrease was steeper than the year-over-year decline and continued the downward trend from the prior quarter.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the most recent quarter. The decrease was steeper than the year-over-year decline and continued the downward trend from the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.8B
Revenue reported for this quarter.
Quarter-over-quarter
-10.5%
Change from the immediately preceding quarter.
Year-over-year
-8.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $6.7B | +88.3% |
| Sep 30, 2022 | $4.6B | +35.1% |
| Dec 31, 2022 | $3.2B | -26.0% |
| Mar 31, 2023 | $2.8B | -8.9% |
Revenue performance
Reported revenue fell compared with both the immediately preceding quarter and the same quarter one year earlier.
Quarterly comparison
The quarter-over-quarter decline was larger than the year-over-year decline, indicating an acceleration in the revenue drop relative to the prior quarter.
What to watch
Revenue has now decreased for two consecutive quarters, suggesting a sustained downward trend.