Aflac revenue and financials
$113.63Change from previous close: +1.11%Absolute change: +$1.25
In the fiscal year ended December 2025, Aflac reported revenue of $17.16B (−9.31% year over year). Net income was $3.65B, a net margin of 21.2%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −9.31%
- 2025 vs 2024
- Net income growth
- −33.01%
- 2025 vs 2024
- Net margin
- 21.2%
- 2024: 28.8%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 112 | 968 | 315 | 1,252 | 399 | 589 | 333 | 1,270 | 255 | 849 | 582 | 1,276 |
| Depreciation and amortization | 8.0 | 7.0 | 15.0 | 7.0 | 8.0 | 6.0 | 32.0 | 4.0 | 3.0 | 1.0 | 39.0 | — |
| Investing cash flow | 791 | 244 | 359 | 28.0 | 1,533 | -359 | 1,517 | -1,030 | 2,067 | 227 | -1,161 | 490 |
| Financing cash flow | -442 | -1,762 | -1,184 | -1,462 | -162 | -1,261 | -1,084 | -826 | -1,320 | -256 | -787 | -992 |
| Dividends paid | -299 | -304 | -292 | -299 | -301 | -306 | -267 | -270 | -272 | -278 | -236 | -239 |
| Share repurchases | -984 | -1,000 | -801 | -1,000 | -829 | — | — | — | — | — | — | — |
| Debt issued | 911 | — | 0.0 | 0.0 | 1,039 | 0.0 | — | — | — | 823 | 204 | — |
| Debt repaid | 0.0 | -400 | 0.0 | -84.0 | 0.0 | — | — | — | — | — | — | — |
| Effect of exchange rates | 5.0 | -41.0 | -13.0 | -15.0 | -36.0 | 33.0 | -149 | 138 | -40.0 | -28.0 | 170 | 8.0 |
| Net change in cash | 466 | -591 | -523 | -197 | 1,734 | -998 | 617 | -448 | 962 | 792 | -1,196 | 782 |
| Free cash flow | 112 | 968 | 315 | 1,252 | 399 | — | — | — | — | — | — | — |
| Levered free cash flow | 679 | -177 | 2,192 | 2,459 | 450 | 74.6 | 3,506 | -125 | 1,824 | -354 | 1,546 | 2,589 |