Principal Financial Group (PFG) Revenue — Quarter Ended Sep 30, 2023
Revenue rose significantly in the third quarter, reversing the prior quarter's decline. The result was slightly below the level reported in the same period a year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue rose significantly in the third quarter, reversing the prior quarter's decline. The result was slightly below the level reported in the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.6B
Revenue reported for this quarter.
Quarter-over-quarter
+29.3%
Change from the immediately preceding quarter.
Year-over-year
-0.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.1B
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 |
|---|---|---|
| Dec 31, 2022 | $3.2B | -26.0% |
| Mar 31, 2023 | $2.8B | -8.9% |
| Jun 30, 2023 | $3.6B | -46.6% |
| Sep 30, 2023 | $4.6B | -0.6% |
Revenue performance
The reported revenue increased compared with the immediately preceding quarter, marking a positive turnaround from the sequential declines seen earlier in the fiscal year.
Quarterly comparison
Revenue was marginally lower than the same quarter one year prior, maintaining a relatively stable year-over-year comparison despite the strong sequential gain.
What to watch
The trajectory of sequential revenue changes shifted from steep declines to a sharp increase, warranting attention to whether this pace can be sustained.