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) Net margin
Aflac Incorporated's net margin over the twelve months to 30 June 2026 was 26.9%, up 5.7 percentage points from fiscal 2025 (21.2%). Over the past ten years it has ranged from 11.8% (fiscal 2016) to 28.8% (fiscal 2024); the current reading is higher than 55% of that period. That is above the Insurance Life industry median of 6.61% and above the Financial sector median of 13.5%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 21.2% | (7.52) |
| FY2024 | 28.8% | 3.85 |
| FY2023 | 24.9% | 1.83 |
| FY2022 | 23.1% | 3.45 |
| FY2021 | 19.6% | (1.94) |
| FY2020 | 21.6% | 6.76 |
| FY2019 | 14.8% | 1.39 |
| FY2018 | 13.4% | (7.83) |
| FY2017 | 21.3% | 9.46 |
| FY2016 | 11.8% | (0.35) |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 20.0% | (3.41) |
| Mar 2026 | 23.5% | (4.89) |
| Dec 2025 | 28.3% | (6.24) |
| Sep 2025 | 34.6% | 20.18 |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| PUK Prudential Public Limited Company compare | 30.1% |
| AFL Aflac Incorporated | 26.9% |
| PRI Primerica, Inc. compare | 23.2% |
| GL Globe Life Inc. compare | 19.6% |
| LNC Lincoln National Corporation compare | 11.7% |
| PRU Prudential Financial, Inc. compare | 6.05% |
| UNM Unum Group compare | 5.26% |
| MET MetLife, Inc. compare | 4.33% |
| JXN Jackson Financial Inc. compare | 0.91% |
| Insurance Life industry median | 6.61% |
| Financial sector median | 13.5% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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
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