Aflac Incorporated (AFL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 4.32B | 4.9B | 4.79B | 4.22B | 3.45B | 5.5B | 3.04B | 5.16B | 5.44B | 3.86B | 5.03B | 5.17B | 4.83B | 4.02B | 4.71B | 5.33B | 5.15B | 5.39B | 5.26B | 5.51B |
| Revenue Growth % | 24.96% | -10.95% | 57.92% | -18.21% | -36.49% | 42.55% | -39.69% | -0.31% | 12.54% | -4.1% | 6.81% | -2.98% | -6.16% | -25.34% | -10.49% | -3.25% | -11.16% | -10.26% | -6.47% | 2.74% |
| Medical Costs & Claims | 1.83B | 1.96B | 2.69B | 3.04B | 2.96B | 2.97B | 2.56B | 2.82B | 2.96B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Medical Cost Ratio % | 42.46% | 40.09% | 56.1% | 71.95% | 85.81% | 54.04% | 84.22% | 54.74% | 54.52% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Gross Profit | 2.48B | 2.93B | 2.1B | 1.18B | 490M | 2.53B | 479M | 2.33B | 2.47B | 3.86B | 5.03B | 5.17B | 4.83B | 4.02B | 4.71B | 5.33B | 5.15B | 5.39B | 5.26B | 5.51B |
| Gross Margin % | 57.54% | 59.91% | 43.9% | 28.05% | 14.19% | 45.96% | 15.78% | 45.26% | 45.48% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Gross Profit Growth % | 406.73% | 16.07% | 339.25% | -49.31% | -80.19% | -34.48% | -90.48% | -54.88% | -48.81% | -4.1% | 6.81% | -2.98% | -6.16% | -25.34% | -10.49% | -3.25% | -11.16% | -10.26% | -6.47% | 2.74% |
| Operating Expenses | 1.26B | 1.33B | 110M | 361M | 345M | 392M | 387M | 315M | 303M | 3.57B | 3.23B | 3.35B | 3.49B | 3.5B | 3.38B | 3.62B | 3.85B | 4.16B | 4.15B | 4.14B |
| OpEx / Revenue % | 29.15% | 27.19% | 2.3% | 8.56% | 9.99% | 7.13% | 12.75% | 6.11% | 5.57% | 92.48% | 64.13% | 64.72% | 72.22% | 86.97% | 71.79% | 67.97% | 74.86% | 77.13% | 78.85% | 75.09% |
| Depreciation & Amortization | 0 | 250M | 655M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Combined Ratio % | 71.61% | 67.28% | 58.4% | 80.51% | 95.8% | 61.17% | 96.97% | 60.85% | 60.09% | 92.48% | 64.13% | 64.72% | 72.22% | 86.97% | 71.79% | 67.97% | 74.86% | 77.13% | 78.85% | 75.09% |
| Operating Income | 1.23B | 1.6B | 1.99B | 822M | 145M | 2.13B | 92M | 2.02B | 2.17B | 290M | 1.8B | 1.82B | 1.34B | 524M | 1.33B | 1.71B | 1.29B | 1.23B | 1.11B | 1.37B |
| Operating Margin % | 28.39% | 32.72% | 41.6% | 19.49% | 4.2% | 38.83% | 3.03% | 39.15% | 39.91% | 7.52% | 35.87% | 35.28% | 27.78% | 13.03% | 28.21% | 32.03% | 25.14% | 22.87% | 21.15% | 24.91% |
| Operating Income Growth % | 744.83% | -24.96% | 2067.39% | -59.29% | -93.32% | 636.21% | -94.9% | 10.63% | 61.7% | -44.66% | 35.82% | 6.85% | 3.71% | -57.47% | 19.41% | 24.4% | -19.28% | 1.23% | -3.47% | 28.32% |
| EBITDA | 1.28B | 1.85B | 2.65B | 822M | 145M | 2.13B | 92M | 2.02B | 2.17B | 290M | 1.8B | 1.82B | 1.34B | 524M | 1.33B | 1.71B | 1.29B | 1.23B | 1.11B | 1.37B |
| EBITDA Margin % | 29.78% | 37.83% | 55.27% | 19.49% | 4.2% | 38.83% | 3.03% | 39.15% | 39.91% | 7.52% | 35.87% | 35.28% | 27.78% | 13.03% | 28.21% | 32.03% | 25.14% | 22.87% | 21.15% | 24.91% |
| Interest Expense | 60M | 61M | 57M | 52M | 50M | 50M | 50M | 50M | 47M | 47M | 49M | 51M | 48M | 55M | 59M | 55M | 56M | 57M | 57M | 62M |
| Non-Operating Income | -60M | 0 | -57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pretax Income | 1.23B | 1.57B | 1.99B | 822M | 145M | 2.13B | 92M | 2.02B | 2.17B | 290M | 1.8B | 1.82B | 1.34B | 524M | 1.33B | 1.71B | 1.29B | 1.23B | 1.11B | 1.37B |
| Pretax Margin % | 28.39% | 32.11% | 41.6% | 19.49% | 4.2% | 38.83% | 3.03% | 39.15% | 39.91% | 7.52% | 35.87% | 35.28% | 27.78% | 13.03% | 28.21% | 32.03% | 25.14% | 22.87% | 21.15% | 24.91% |
| Income Tax | 206M | 193M | 355M | 223M | 116M | 233M | 185M | 264M | 291M | 22M | 236M | 191M | 154M | 339M | -452M | 314M | 247M | 193M | 225M | 268M |
| Effective Tax Rate % | 16.82% | 12.28% | 17.8% | 27.13% | 80% | 10.91% | 201.09% | 13.08% | 13.41% | 7.59% | 13.07% | 10.47% | 11.48% | 64.69% | -34.01% | 18.38% | 19.09% | 15.67% | 20.22% | 19.52% |
| Net Income | 1.02B | 1.38B | 1.64B | 599M | 29M | 1.9B | -93M | 1.75B | 1.88B | 268M | 1.57B | 1.63B | 1.19B | 185M | 1.78B | 1.39B | 1.05B | 1.04B | 888M | 1.1B |
| Net Margin % | 23.62% | 28.17% | 34.2% | 14.2% | 0.84% | 34.59% | -3.06% | 34.03% | 34.56% | 6.95% | 31.18% | 31.59% | 24.59% | 4.6% | 37.81% | 26.14% | 20.34% | 19.29% | 16.87% | 20.05% |
| Net Income Growth % | 3413.79% | -27.5% | 1862.37% | -65.87% | -98.46% | 609.7% | -105.93% | 7.41% | 58.16% | 44.86% | -11.9% | 17.22% | 13.47% | -82.19% | 100.56% | 26.15% | -19.03% | 9.14% | -63.84% | 37.27% |
| EPS (Diluted) | 1.98 | 2.59 | 3.08 | 1.11 | 0.05 | 3.42 | -0.17 | 3.10 | 3.25 | 0.46 | 2.64 | 2.71 | 1.93 | 0.31 | 2.82 | 2.16 | 1.58 | 1.57 | 1.32 | 1.62 |
| EPS Growth % | 3635.85% | -24.27% | 1911.76% | -64.19% | -98.37% | 643.48% | -106.44% | 14.39% | 68.39% | 48.39% | -6.38% | 25.46% | 22.15% | -80.25% | 113.64% | 33.33% | -15.51% | 13.77% | -61.63% | 44.64% |
| EPS (Basic) | 1.99 | 2.60 | 3.09 | 1.12 | 0.05 | 3.44 | -0.17 | 3.11 | 3.27 | 0.46 | 2.65 | 2.72 | 1.94 | 0.32 | 2.83 | 2.17 | 1.59 | 1.58 | 1.33 | 1.63 |
| Diluted Shares Outstanding | 514.78M | 532.01M | 532.01M | 538.42M | 546.88M | 565.01M | 560.41M | 566.84M | 577.48M | 584.88M | 593.6M | 602.93M | 614M | 622.99M | 631.95M | 643.24M | 652.83M | 662.51M | 671.92M | 680.92M |