What is Prudential Financial's pgim — variable expenses?

Prudential Financial (PRU) reported pgim — variable expenses of $300.00M in Q1 2026.

How has Prudential Financial's pgim — variable expenses changed year-over-year?

Prudential Financial's pgim — variable expenses decreased by 1.3% year-over-year, from $304.00M to $300.00M.

What is the long-term trend for Prudential Financial's pgim — variable expenses?

Over 2 years (2023 to 2025), Prudential Financial's pgim — variable expenses has grown at a 10.9% compound annual growth rate (CAGR), from $1.04B to $1.28B.

What does pgim — variable expenses mean?

Expenses that rise or fall based on the level of business activity within the asset management segment.

Business Segments · Variable Expenses

PGIM — Variable Expenses

Prudential Financial PGIM — Variable Expenses decreased by 12.3% to $300.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.3%, from $304.00M to $300.00M. Over 2 years (FY 2023 to FY 2025), PGIM — Variable Expenses shows an upward trend with a 10.9% CAGR.

Analysis

StatementSegment

CategoryEfficiency

SignalContext dependent

VolatilityModerate

First reportedQ1 2023

Last reportedQ1 2026

How to read this metric

An increase typically correlates with higher revenue-generating activity, whereas a decrease may signal lower business volume.

Detailed definition

Costs incurred by the asset management segment that fluctuate in direct proportion to the volume of business activity, s...

Peer comparison

Comparable to variable distribution or sub-advisory costs at other investment managers.

Metric ID: pru_segment_pgim_variable_expenses

Historical Data

13 periods

	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$260.25M	$260.25M	$260.25M	$260.25M	$303.00M	$286.00M	$307.00M	$374.00M	$304.00M	$313.00M	$321.00M	$342.00M	$300.00M
QoQ Change	—	+0.0%	+0.0%	+0.0%	+16.4%	-5.6%	+7.3%	+21.8%	-18.7%	+3.0%	+2.6%	+6.5%	-12.3%
YoY Change	—	—	—	—	+16.4%	+9.9%	+18.0%	+43.7%	+0.3%	+9.4%	+4.6%	-8.6%	-1.3%

Range$260.25M – $374.00M

CAGR+4.9%

Avg YoY Growth+10.3%

Median YoY Growth+9.4%

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Frequently Asked Questions

What is Prudential Financial's pgim — variable expenses?: Prudential Financial (PRU) reported pgim — variable expenses of $300.00M in Q1 2026.
How has Prudential Financial's pgim — variable expenses changed year-over-year?: Prudential Financial's pgim — variable expenses decreased by 1.3% year-over-year, from $304.00M to $300.00M.
What is the long-term trend for Prudential Financial's pgim — variable expenses?: Over 2 years (2023 to 2025), Prudential Financial's pgim — variable expenses has grown at a 10.9% compound annual growth rate (CAGR), from $1.04B to $1.28B.
What does pgim — variable expenses mean?: Expenses that rise or fall based on the level of business activity within the asset management segment.