Principal Financial Group (PFG) Revenue — Quarter Ended Dec 31, 2023
Revenue declined in the reported quarter. The decrease was steep compared to the prior quarter and also lower than the same period a year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue declined in the reported quarter. The decrease was steep compared to the prior quarter and also lower than the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
-41.5%
Change from the immediately preceding quarter.
Year-over-year
-14.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.7B
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 |
|---|---|---|
| Mar 31, 2023 | $2.8B | -8.9% |
| Jun 30, 2023 | $3.6B | -46.6% |
| Sep 30, 2023 | $4.6B | -0.6% |
| Dec 31, 2023 | $2.7B | -14.6% |
Revenue performance
The quarter's revenue fell sharply, marking a notable reversal from the trend observed in the preceding three-month period.
Quarterly comparison
Revenue was considerably lower than the immediately preceding quarter, and also declined relative to the same quarter one year prior.
What to watch
The severe sequential decline in revenue diverges from the pattern seen earlier in the fiscal year.