Thursday 15 October 2026 Export AFL’s income statement to Excel — free account

Aflac Incorporated

Aflac Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $17.2 billion, down 9.31% from fiscal 2024. In the quarter to June 2026, revenue fell 1.03%, EPS grew 46.4%, free cash flow fell 71.9% and total debt fell 2.28%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.

118.05 0.16 −0.14%

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Market cap: $58.4B
P/E: 12.6×
Fwd P/E: 16.3×
Dividend yield: 2.04%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	7	7	6	7	6	7	5	7	7	4
P/E ratio Full definition →	10.79	7.94	12.02	11.89	6.63	9.10	10.85	10.72	10.72	15.96
P/S ratio Full definition →	1.27	1.61	1.61	1.76	1.43	1.82	2.37	2.65	3.07	3.42
P/FCF ratio Full definition →	4.80	5.69	5.83	7.20	5.33	7.79	11.71	15.56	21.49	23.00
P/Operating CF Full definition →	15.38	22.74	25.88	32.95	23.39	45.21	43.99	85.31	174.73	186.54
P/B ratio Full definition →	1.40	1.42	1.49	1.36	0.95	1.18	2.26	2.26	2.23	1.99
Price to Tangible BV Full definition →	1.40	1.42	1.49	1.36	0.95	1.18	2.26	2.26	2.23	1.99
EV/Sales Full definition →	1.30	1.69	1.68	1.84	1.56	1.96	2.56	2.82	3.14	3.55
EV/EBITDA Full definition →	6.74	6.80	6.70	6.88	6.14	6.72	8.31	8.40	7.96	10.83
EV/Operating CF Full definition →	4.88	5.98	6.07	7.51	5.79	8.36	12.62	16.52	21.96	23.85
EV/FCF Full definition →	4.88	5.98	6.07	7.51	5.79	8.36	12.62	16.52	21.96	23.85
Quick Ratio Full definition →	0.06	0.04	0.05	0.05	0.05	0.05	0.05	0.06	0.09	0.10
Current Ratio Full definition →	0.06	0.04	0.05	0.05	0.05	0.05	0.05	0.06	0.09	0.10
Net Debt/EBITDA Full definition →	0.09	0.33	0.26	0.28	0.49	0.46	0.59	0.49	0.17	0.38
Debt/Assets Full definition →	4.13%	3.85%	4.12%	4.30%	4.78%	5.05%	5.65%	5.81%	6.38%	7.22%
Debt/Equity Full definition →	0.26	0.22	0.25	0.23	0.24	0.24	0.37	0.34	0.29	0.29
Asset Turnover Full definition →	0.18	0.16	0.16	0.15	0.14	0.13	0.13	0.14	0.16	0.15
Operating CF/Net income Full definition →	2.25	1.33	2.06	1.65	1.25	1.19	0.88	0.68	0.50	0.70
Capex/Depreciation Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Coverage Full definition →	16.18	17.74	18.94	20.50	18.19	22.88	22.54	27.98	33.57	21.60
ROE Full definition →	13.93%	20.43%	12.15%	12.61%	15.29%	12.67%	16.55%	22.12%	22.64%	13.12%
ROA Full definition →	2.14%	3.45%	2.10%	2.25%	3.01%	2.62%	3.05%	3.61%	4.46%	3.12%
ROIC Full definition →	12.11%	9.51%	10.00%	9.07%	7.16%	9.00%	12.87%	13.13%	14.65%	8.95%
Return on Tangible Assets Full definition →	(3.03%)	(4.88%)	(2.99%)	(3.30%)	(4.43%)	(4.28%)	(4.81%)	(5.42%)	(7.76%)	(5.87%)
Average Days of Receivables Full definition →	10.82	13.93	14.28	13.55	13.12	11.38	12.34	16.55	15.02	17.76
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	17.45%	18.06%	19.45%	19.59%	20.92%	20.30%	21.11%	21.29%	20.42%	24.04%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →	(3.62)	(3.11)	(3.19)	(3.01)	(3.96)	(3.01)	(2.35)	(2.01)	(1.45)	(1.36)
Graham Number Full definition →	42.56	62.22	50.99	62.49	84.26	84.44	68.64	80.29	100.37	92.76
Earnings Yield Full definition →	9.27%	12.59%	8.32%	8.41%	15.09%	11.00%	9.22%	9.33%	9.33%	6.27%
Free Cash Flow Yield Full definition →	20.85%	17.59%	17.15%	13.89%	18.77%	12.84%	8.54%	6.43%	4.65%	4.35%
Revenue per Share Full definition →	27.41	27.36	28.27	30.05	31.03	32.00	30.15	31.37	33.65	32.21
Operating CF per Share Full definition →	7.28	7.74	7.81	7.35	8.35	7.50	6.11	5.35	4.81	4.79
Capex per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow per Share Full definition →	7.28	7.74	7.81	7.35	8.35	7.50	6.11	5.35	4.81	4.79
Cash per Share Full definition →	5.90	4.41	5.64	6.59	7.20	7.50	6.21	7.22	11.07	11.72
Shareholders Equity per Share Full definition →	24.89	31.06	30.49	39.01	47.02	49.36	31.73	36.88	46.40	55.34
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	24.89	31.06	30.49	39.01	47.02	49.36	31.73	36.88	46.40	55.34
Free Cash Flow Full definition →	5,987.00	6,128.00	6,014.00	5,455.00	5,958.00	5,051.00	3,879.00	3,190.00	2,707.00	2,555.00
Working Capital Full definition →	(88,198.00)	(94,829.00)	(98,000.00)	(100,830.00)	(108,454.00)	(99,349.00)	(92,320.00)	(86,445.00)	(70,500.00)	(62,503.00)
Net Current Asset Value Full definition →	(103,809.00)	(108,301.00)	(111,756.00)	(118,085.00)	(125,590.00)	(118,566.00)	(107,008.00)	(99,585.00)	(84,460.00)	(79,900.00)
EV/EBIT Full definition →	6.74	8.61	8.68	8.76	7.84	7.76	9.61	9.66	8.99	12.82
Capex to Sales Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Operating Income Full definition →	7.06	8.67	8.80	8.84	7.63	7.55	9.33	9.44	9.07	12.96
Other line items
Depreciation/Fixed assets Full definition →	2.64	2.61	2.81	2.21	2.02	1.55	1.49	1.83	2.20	2.49
Cash ROIC Full definition →	19.50%	18.36%	17.91%	13.49%	12.79%	10.92%	12.30%	9.48%	6.80%	5.79%
Accounts Receivable Turnover Full definition →	32.84	28.97	25.93	26.57	27.27	29.37	29.02	25.02	23.27	21.27
Accounts Payable Turnover Full definition →	0.16	0.14	0.13	0.13	0.12	0.11	0.10	0.10	0.10	0.11
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	2,394.48	2,681.24	2,827.60	2,932.38	3,184.31	3,268.95	3,535.80	3,609.37	3,348.77	3,065.89
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	687.00	748.00	839.00	839.50	812.00	734.00	659.50	747.50	813.50	807.00
Average Payables Full definition →	90,678.50	96,436.50	101,167.50	104,871.00	110,472.50	109,731.50	100,991.00	94,254.50	84,553.50	73,545.50
Average Assets Full definition →	124,037.50	133,518.00	138,811.50	146,587.00	158,927.00	161,314.00	144,640.00	129,231.00	122,145.00	117,018.00
Average Common Equity Full definition →	19,095.00	22,540.00	24,030.00	26,210.50	31,259.00	33,406.00	26,696.50	21,062.50	24,041.50	27,794.00

Fold the line items

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