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

Fold the line items

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