ARM floating point depends on which implementation you’re getting. There is VFP, but it is pretty lame, but ARM also has NEON, providing low-end SIMD that can work as the FPU. But that’s not to say an ARM implementation even has to use ARM’s FPU solutions. Intel’s XScale is an ARM with an MMX unit.
And none of those implementations are great compared to other embedded RISC platforms or embedded x86 platforms.