Principal Financial Group (PFG) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter decreased compared to both the prior quarter and the same quarter a year earlier. The filing provided no specific commentary on the underlying drivers of the change.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter decreased compared to both the prior quarter and the same quarter a year earlier. The filing provided no specific commentary on the underlying drivers of the change.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
-30.1%
Change from the immediately preceding quarter.
Year-over-year
-34.5%
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, 2023 | $2.7B | -14.6% |
| Mar 31, 2024 | $4.1B | +43.8% |
| Jun 30, 2024 | $4.3B | +21.2% |
| Sep 30, 2024 | $3B | -34.5% |
Revenue performance
Reported revenue fell from the level seen in the immediately preceding quarter. This marks a continuation of the recent pattern, following a rise in the two earlier quarters of the fiscal year.
Quarterly comparison
Compared with the same quarter one year ago, revenue was lower. The decline was proportionally larger than the quarter-over-quarter decrease.
What to watch
With no operational explanation in the filing, future filings may clarify how the revenue trajectory aligns with the company's overall strategy.