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) Operating margin
Aflac Incorporated's operating margin over the twelve months to 30 June 2026 was 33.4%, up 5.7 percentage points from fiscal 2025 (27.7%). Over the past ten years it has ranged from 19.2% (fiscal 2016) to 34.9% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Insurance Life industry median of 11.3% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 27.7% | (7.25) |
| FY2024 | 34.9% | 5.76 |
| FY2023 | 29.2% | 2.56 |
| FY2022 | 26.6% | 1.35 |
| FY2021 | 25.3% | 5.40 |
| FY2020 | 19.9% | (1.08) |
| FY2019 | 21.0% | 1.62 |
| FY2018 | 19.3% | (0.32) |
| FY2017 | 19.7% | 0.43 |
| FY2016 | 19.2% | (0.67) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 25.7% | (3.85) |
| Mar 2026 | 29.6% | (3.99) |
| Dec 2025 | 33.6% | (9.71) |
| Sep 2025 | 43.3% | 22.26 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| AFL Aflac Incorporated | 33.4% |
| PRI Primerica, Inc. compare | 30.6% |
| GL Globe Life Inc. compare | 26.4% |
| LNC Lincoln National Corporation compare | 16.4% |
| UNM Unum Group compare | 8.36% |
| PRU Prudential Financial, Inc. compare | 7.58% |
| MET MetLife, Inc. compare | 6.13% |
| JXN Jackson Financial Inc. compare | 1.25% |
| PUK Prudential Public Limited Company compare | 0.00% |
| Insurance Life industry median | 11.3% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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
- Book value per share
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- Piotroski F-score
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