Discontinued — last reported Q2 '22

Current Liabilities

Income Taxes Payable

Principal Financial Group Income Taxes Payable increased by 55.9% to $46.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 461.0%, from $8.20M to $46.00M. Over 5 years (FY 2020 to FY 2025), Income Taxes Payable shows an upward trend with a 5.8% CAGR.

Analysis

StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ3 2017
Last reportedQ2 2022

How to read this metric

An increase often reflects higher taxable income, while a decrease may indicate tax payments made or lower taxable earnings.

Detailed definition

This represents the current portion of income tax obligations owed to various government taxing authorities based on tax...

Peer comparison

Common across all profitable corporations, varying based on effective tax rates and jurisdictional tax laws.

Metric ID: income_taxes_payable

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$6.90M$8.20M$15.50M$34.70M$22.30M$18.50M$19.20M$24.60M$7.60M$10.00M$11.90M$7.70M$10.40M$9.40M$8.60M$8.20M$18.80M$26.40M$29.50M$46.00M
QoQ Change+18.8%+89.0%+123.9%-35.7%-17.0%+3.8%+28.1%-69.1%+31.6%+19.0%-35.3%+35.1%-9.6%-8.5%-4.7%+129.3%+40.4%+11.7%+55.9%
YoY Change+223.2%+125.6%+23.9%-29.1%-65.9%-45.9%-38.0%-68.7%+36.8%-6.0%-27.7%+6.5%+80.8%+180.9%+243.0%+461.0%
Range$6.90M$46.00M
CAGR+49.1%
Avg YoY Growth+68.8%
Median YoY Growth+15.2%
Current Streak4 quarters growth

Frequently Asked Questions

What is Principal Financial Group's income taxes payable?
Principal Financial Group (PFG) reported income taxes payable of $46.00M in Q1 2026.
How has Principal Financial Group's income taxes payable changed year-over-year?
Principal Financial Group's income taxes payable increased by 461.0% year-over-year, from $8.20M to $46.00M.
What is the long-term trend for Principal Financial Group's income taxes payable?
Over 5 years (2020 to 2025), Principal Financial Group's income taxes payable has grown at a 5.8% compound annual growth rate (CAGR), from $22.30M to $29.50M.
What does income taxes payable mean?
The amount of income tax the company owes to government authorities for the current period.