Principal Financial Group Income Tax decreased by 37.6% to $68.90M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 302.6%, from -$34.00M to $68.90M. Over 3 years (FY 2021 to FY 2025), Income Tax shows a downward trend with a -17.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase relative to pre-tax income may signal a higher effective tax rate or changes in tax legislation, while a decrease may indicate tax benefits or lower jurisdictional rates.
Represents the total provision for income taxes recognized by the company during the reporting period, including both cu...
Highly dependent on the company's geographic footprint and tax planning strategies compared to peers.
income_tax_expense| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $61.00M | $63.80M | $61.50M | $35.20M | $836.70M | $328.80M | $0.00 | -$78.00M | $59.90M | $354.80M | $95.10M | $87.10M | -$100.40M | $209.90M | -$34.00M | $69.60M | $14.50M | $110.40M | $68.90M |
| QoQ Change | — | +4.6% | -3.6% | -42.8% | >999% | -60.7% | -100.0% | — | +176.8% | +492.3% | -73.2% | -8.4% | -215.3% | +309.1% | -116.2% | +304.7% | -79.2% | +661.4% | -37.6% |
| YoY Change | — | — | — | — | >999% | +415.4% | -100.0% | -321.6% | -92.8% | +7.9% | +221.9% | +45.4% | -128.3% | — | -135.8% | -20.1% | +114.4% | -47.4% | +302.6% |
| Segment | FY'24 | FY'25 |
|---|---|---|
| Segment Principal Asset Management | $230.80M | $253.70M |
| Segment Retirement And Income Solutions | $129.30M | $140.00M |
| Segment Corporate | -$84.60M | -$102.60M |
| Segment Benefits And Protection | $89.00M | $101.20M |
| Total | $291.70M | $160.50M |
All segment values are derived from annual filings.