AFLAC Financial Statements
NYSE: AFLFinanceAccident &Health InsuranceUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
AFLAC revenue and earnings
In fiscal 2025, AFLAC generated $17.16 billion in revenue, down 9.3% from fiscal 2024, its first annual decline since 2023. Net income was $3.65 billion (-33.0% year over year), for a net margin of 21.2% versus a median of 23.1% in the prior 5 years. Diluted earnings per share came in at $6.82, down from $9.63.
Over the last 5 fiscal years, AFL's revenue has grown at a -5.0% compound annual rate (a contraction).
Summary generated from market data by MetaCap's automated system. Methodology
AFLAC income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.16B | 18.93B | 18.70B | 19.14B | 21.55B | 22.15B | 22.31B | 21.76B | 21.67B | 22.56B |
| Revenue growth (YoY) | -9.31% | +1.21% | -2.29% | -11.20% | -2.68% | -0.72% | +2.52% | +0.42% | -3.95% | +8.08% |
| Operating Expenses | 5.34B | 5.06B | 5.23B | 5.38B | 5.87B | 6.19B | 5.92B | 17.77B | 17.65B | 18.49B |
| Selling, General & Admin | 3.25B | 3.01B | 3.17B | 3.25B | 3.54B | 3.42B | 3.09B | 2.99B | 2.78B | 2.80B |
| Operating Income | — | — | — | 4.16B | 4.93B | 4.42B | 4.46B | 4.35B | 4.09B | 4.12B |
| Interest Expense | 217.00M | 194.00M | 195.00M | 226.00M | 238.00M | 242.00M | 228.00M | 222.00M | 240.00M | 268.00M |
| Other Income (Expense) | — | — | 39.00M | 0 | -73.00M | -28.00M | -1.00M | -74.00M | -69.00M | -137.00M |
| Pretax Income | 4.53B | 6.42B | 5.26B | 4.87B | 5.21B | 4.16B | 4.45B | 3.98B | 4.02B | 4.07B |
| Income Tax | 887.00M | 974.00M | 603.00M | 451.00M | 977.00M | -619.00M | 1.14B | 1.06B | -586.00M | 1.41B |
| Net Income | 3.65B | 5.44B | 4.66B | 4.42B | 4.23B | 4.78B | 3.30B | 2.92B | 4.60B | 2.66B |
| Net Income growth (YoY) | -33.01% | +16.83% | +5.45% | +4.42% | -11.45% | +44.61% | +13.15% | -36.58% | +73.15% | +4.97% |
| EPS (Basic) | 6.84 | 9.68 | 7.81 | 6.96 | 6.28 | 6.69 | 4.45 | 3.79 | 5.81 | 3.23 |
| EPS (Diluted) | 6.82 | 9.63 | 7.78 | 6.93 | 6.25 | 6.67 | 4.43 | 3.77 | 5.77 | 3.21 |
| Shares Outstanding (Basic) | 532.88M | 562.49M | 596.17M | 634.82M | 673.62M | 713.70M | 742.41M | 769.59M | 792.04M | 822.94M |
| Shares Outstanding (Diluted) | 534.88M | 565.01M | 598.75M | 637.65M | 676.73M | 716.19M | 746.43M | 774.65M | 797.86M | 827.84M |
| EBITDA | — | — | — | 4.20B | 4.98B | 4.46B | 4.50B | 4.40B | 4.14B | 4.17B |
| Operating Margin | — | — | — | 21.72% | 22.89% | 19.94% | 20.00% | 20.01% | 18.86% | 18.25% |
| Net Margin | 21.24% | 28.76% | 24.91% | 23.08% | 19.63% | 21.57% | 14.81% | 13.42% | 21.25% | 11.79% |
This table shows 10 annual periods of AFLAC's income statement, from FY 2025 back to FY 2016, across 16 line items including revenue, operating expenses, selling, general & admin. Values in USD; B = billions, M = millions. Fiscal periods follow AFL's reporting calendar. What is a income statement?