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.
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Aflac Incorporated (AFL) Gross margin
Aflac Incorporated's gross margin over the twelve months to 30 June 2026 was 55.7%, up 4.0 percentage points from fiscal 2025 (51.7%). Over the past ten years it has ranged from 36.7% (fiscal 2016) to 55.4% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Insurance Life industry median of 32.4% and below the Financial sector median of 69.9%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 51.7% | (3.63) |
| FY2024 | 55.4% | 4.90 |
| FY2023 | 50.5% | 2.74 |
| FY2022 | 47.7% | 2.16 |
| FY2021 | 45.6% | 4.77 |
| FY2020 | 40.8% | 0.26 |
| FY2019 | 40.5% | 1.76 |
| FY2018 | 38.8% | 1.07 |
| FY2017 | 37.7% | 1.04 |
| FY2016 | 36.7% | (0.81) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 49.2% | (3.18) |
| Mar 2026 | 52.4% | (3.47) |
| Dec 2025 | 55.9% | (8.49) |
| Sep 2025 | 64.4% | 18.70 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| PRI Primerica, Inc. compare | 81.4% |
| AFL Aflac Incorporated | 55.7% |
| GL Globe Life Inc. compare | 41.4% |
| UNM Unum Group compare | 33.3% |
| PRU Prudential Financial, Inc. compare | 32.4% |
| MET MetLife, Inc. compare | 24.7% |
| JXN Jackson Financial Inc. compare | 22.2% |
| LNC Lincoln National Corporation compare | 16.4% |
| PUK Prudential Public Limited Company compare | 0.00% |
| Insurance Life industry median | 32.4% |
| Financial sector median | 69.9% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
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- Piotroski F-score
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