AflacAFLEarnings & Financial Report
Aflac Incorporated is an American insurance company and is the largest provider of supplemental insurance in the United States. It was founded in 1955 and is based in Columbus, Georgia. In the U.S., it underwrites a wide range of insurance policies, but is perhaps more known for its payroll deduction insurance coverage, which pays cash benefits when a policyholder has a covered accident or illness. The company states it "provides financial protection to more than 50 million people worldwide".
Revenue
$4.9B
Gross Profit
N/A
Operating Profit
$1.6B
Net Profit
$1.4B
Gross Margin
N/A
Operating Margin
32.3%
Net Margin
28.3%
YoY Growth
-10.0%
EPS
$2.58
Aflac Q4 FY2025 Financial Summary
Aflac reported revenue of $4.9B (down 10.0% YoY) for Q4 FY2025, with a net profit of $1.4B (down 27.5% YoY) (28.3% margin).
Key Financial Metrics
| Total Revenue | $4.9B |
|---|---|
| Net Profit | $1.4B |
| Gross Margin | N/A |
| Operating Margin | 32.3% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Aflac Q4 FY2025 revenue of $4.9B breaks down across 3 segments, led by Aflac Japan at $2.3B (46.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Aflac Japan | $2.3B | 46.8% |
| Aflac US | $1.7B | 35.5% |
| Other | $862.0M | 17.7% |
Aflac Revenue by Segment — Quarterly Trend
Aflac revenue by segment across the last 4 reported quarters, showing how each business line (such as Aflac Japan and Aflac US) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Aflac Japan | — | $2.3B | $2.3B | $2.5B |
| Aflac US | — | $1.7B | $1.7B | $1.7B |
| Other | — | $862.0M | $677.0M | — |
Aflac Annual Revenue by Year
Aflac annual revenue history includes year-by-year totals (for example, 2025 revenue was $17.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $17.2B |
| 2024 | $18.9B |
| 2023 | $18.7B |
| 2022 | $19.5B |
Aflac Quarterly Revenue & Net Profit History
Aflac results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $4.3B | +27.9% | $1.0B | 23.4% |
| Q4 FY2025 | $4.9B | -10.0% | $1.4B | 28.3% |
| Q3 FY2025 | $4.7B | +60.7% | $1.6B | 34.6% |
| Q2 FY2025 | $4.2B | -19.0% | $599.0M | 14.4% |
| Q1 FY2025 | $3.4B | -37.5% | $29.0M | 0.9% |
| Q4 FY2024 | $5.4B | +43.0% | $1.9B | 35.2% |
| Q3 FY2024 | $2.9B | -40.4% | $-93.0M | -3.2% |
| Q2 FY2024 | $5.1B | -0.7% | $1.8B | 34.2% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.14B | $2.95B | $5.40B | $3.40B | $4.16B | $4.74B | $4.87B | $4.35B |
| YoY Growth | -0.7% | -40.4% | 43.0% | -37.5% | -19.0% | 60.7% | -10.0% | 27.9% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $120.17B | $128.44B | $117.57B | $120.26B | $124.74B | $122.31B | $116.47B | $116.28B |
| Liabilities | $94.12B | $103.61B | $91.47B | $93.92B | $97.54B | $93.62B | $86.98B | $86.32B |
| Equity | $26.05B | $24.83B | $26.10B | $26.34B | $27.20B | $28.69B | $29.49B | $29.96B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $255.0M | $1.27B | $333.0M | $589.0M | $399.0M | $1.25B | $315.0M |