AFL

AFL

Aflac Incorporated

$116.46

+$0.98 (+0.85%)

Mkt Cap: $59.28B

Home / AFL / Financial Statements

Aflac Incorporated (AFL) Financial Statements

Export as clean Markdown. Drag & drop into ChatGPT, Claude, or Gemini.

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	$18.22B	$17.44B ↓8.8%	$19.13B ↑1.5%	$18.84B ↓1.6%	$19.15B ↓11.1%	$21.55B
Cost of Revenue	$9.52B	$10.65B ↓13.5%	$12.31B	$0.00	$0.00	$0.00
Gross Profit	$8.70B	$6.79B ↓0.4%	$6.82B ↓63.8%	$18.84B ↓1.6%	$19.15B ↓11.1%	$21.55B
R&D Expenses	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
SG&A Expenses	$2.70B	$2.70B	$0.00	$0.00	$0.00	$0.00
Operating Income	$5.64B	$4.64B ↓27.7%	$6.42B ↑21.9%	$5.26B ↑8.1%	$4.87B ↓6.5%	$5.21B
Interest Expense	$230.00M	$220.00M ↑11.7%	$197.00M ↑1.0%	$195.00M ↓13.7%	$226.00M ↓5.0%	$238.00M
Income Tax	$977.00M	$887.00M ↓8.9%	$974.00M ↑61.5%	$603.00M ↑33.7%	$451.00M ↓53.8%	$977.00M
Net Income	$4.64B	$3.65B ↓33.0%	$5.44B ↑16.8%	$4.66B ↑5.5%	$4.42B ↑4.4%	$4.23B
EBITDA	$6.67B	$5.53B ↓13.9%	$6.42B ↑21.9%	$5.26B ↑8.1%	$4.87B ↓6.5%	$5.21B
EPS	8.76	6.83 ↓29.1%	9.63 ↑23.8%	7.78 ↑12.3%	6.93 ↑8.5%	6.39
Shares Out (Diluted)	2.12B	532.01M ↓5.8%	565.01M ↓5.6%	598.75M ↓6.1%	637.65M ↓5.8%	676.73M

Metric	TTM	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Revenue	$18.22B	$4.32B ↑25.0%	$4.90B ↓10.9%	$4.79B ↑57.9%	$4.22B ↓18.2%	$3.45B ↓36.5%	$5.50B ↑42.5%	$3.04B ↓39.7%	$5.16B ↓0.3%	$5.44B ↑12.5%	$3.86B ↓4.1%	$5.03B ↑6.8%	$5.17B ↓3.0%	$4.83B ↓6.2%	$4.02B ↓25.3%	$4.71B ↓10.5%	$5.33B ↓3.2%	$5.15B ↓11.2%	$5.39B	$5.26B	$5.51B	$5.79B
Cost of Revenue	$9.52B	$1.83B ↓38.2%	$1.96B ↓33.9%	$2.69B ↑5.2%	$3.04B ↑7.5%	$2.96B ↓0.0%	$2.97B	$2.56B	$2.82B	$2.96B	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Gross Profit	$8.70B	$2.48B ↑406.7%	$2.93B ↑16.1%	$2.10B ↑339.2%	$1.18B ↓49.3%	$490.00M ↓80.2%	$2.53B ↓34.5%	$479.00M ↓90.5%	$2.33B ↓54.9%	$2.47B ↓48.8%	$3.86B ↓4.1%	$5.03B ↑6.8%	$5.17B ↓3.0%	$4.83B ↓6.2%	$4.02B ↓25.3%	$4.71B ↓10.5%	$5.33B ↓3.2%	$5.15B ↓11.2%	$5.39B	$5.26B	$5.51B	$5.79B
R&D Expenses	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
SG&A Expenses	$2.70B	$0.00	$1.11B	$781.00M	$804.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Operating Income	$5.64B	$1.23B ↑744.8%	$1.60B ↓25.0%	$1.99B	$822.00M ↓59.3%	$145.00M ↓93.3%	$2.13B ↑636.2%	$92.00M ↓94.9%	$2.02B ↑10.6%	$2.17B ↑61.7%	$290.00M ↓44.7%	$1.80B ↑35.8%	$1.82B ↑6.9%	$1.34B ↑3.7%	$524.00M ↓57.5%	$1.33B ↑19.4%	$1.71B ↑24.4%	$1.29B ↓19.3%	$1.23B	$1.11B	$1.37B	$1.60B
Interest Expense	$230.00M	$60.00M ↑20.0%	$61.00M ↑22.0%	$57.00M ↑14.0%	$52.00M ↑4.0%	$50.00M ↑6.4%	$50.00M ↑6.4%	$50.00M ↑2.0%	$50.00M ↓2.0%	$47.00M ↓2.1%	$47.00M ↓14.5%	$49.00M ↓16.9%	$51.00M ↓7.3%	$48.00M ↓14.3%	$55.00M ↓3.5%	$59.00M ↑3.5%	$55.00M ↓11.3%	$56.00M ↓9.7%	$57.00M	$57.00M	$62.00M	$62.00M
Income Tax	$977.00M	$206.00M ↑77.6%	$193.00M ↓17.2%	$355.00M ↑91.9%	$223.00M ↓15.5%	$116.00M ↓60.1%	$233.00M ↑959.1%	$185.00M ↓21.6%	$264.00M ↑38.2%	$291.00M ↑89.0%	$22.00M ↓93.5%	$236.00M ↑152.2%	$191.00M ↓39.2%	$154.00M ↓37.7%	$339.00M ↑75.6%	-$452.00M ↓300.9%	$314.00M ↑17.2%	$247.00M ↓20.3%	$193.00M	$225.00M	$268.00M	$310.00M
Net Income	$4.64B	$1.02B	$1.38B ↓27.5%	$1.64B	$599.00M ↓65.9%	$29.00M ↓98.5%	$1.90B ↑609.7%	-$93.00M ↓105.9%	$1.75B ↑7.4%	$1.88B ↑58.2%	$268.00M ↑44.9%	$1.57B ↓11.9%	$1.63B ↑17.2%	$1.19B ↑13.5%	$185.00M ↓82.2%	$1.78B ↑100.6%	$1.39B ↑26.2%	$1.05B ↓19.0%	$1.04B	$888.00M	$1.10B	$1.29B
EBITDA	$6.67B	$1.28B ↑786.2%	$1.85B ↓13.3%	$2.71B	$822.00M ↓59.3%	$145.00M ↓93.3%	$2.13B ↑636.2%	$92.00M ↓94.9%	$2.02B ↑10.6%	$2.17B ↑61.7%	$290.00M ↓44.7%	$1.80B ↑35.8%	$1.82B ↑6.9%	$1.34B ↑3.7%	$524.00M ↓57.5%	$1.33B ↑19.4%	$1.71B ↑24.4%	$1.29B ↓19.3%	$1.23B	$1.11B	$1.37B	$1.60B
EPS	8.76	1.98	2.59 ↓24.3%	3.08	1.11 ↓64.2%	0.05 ↓98.4%	3.42 ↑643.5%	-0.17 ↓106.4%	3.10 ↑14.4%	3.25 ↑68.4%	0.46 ↑48.4%	2.64 ↓6.4%	2.71 ↑25.5%	1.93 ↑22.2%	0.31 ↓80.3%	2.82 ↑113.6%	2.16 ↑33.3%	1.58 ↓15.5%	1.57	1.32	1.62	1.87
Shares Out (Diluted)	2.12B	514.78M ↓5.9%	532.01M ↓5.8%	532.01M ↓5.1%	538.42M ↓5.0%	546.88M ↓5.3%	565.01M ↓3.4%	560.41M ↓5.6%	566.84M ↓6.0%	577.48M ↓5.9%	584.88M ↓6.1%	593.60M ↓6.1%	602.93M ↓6.3%	614.00M ↓5.9%	622.99M ↓6.0%	631.95M ↓5.9%	643.24M ↓5.5%	652.83M ↓5.7%	662.51M	671.92M	680.92M	691.94M

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Cash & Equiv.	$5.23B	$6.25B ↑0.3%	$6.23B ↑44.7%	$4.31B ↑9.2%	$3.94B ↓21.9%	$5.05B
Accounts Receivable	$894.00M	$835.00M ↑7.2%	$779.00M ↓8.1%	$848.00M ↑31.1%	$647.00M ↓3.7%	$672.00M
Inventory	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Current Assets	$6.13B	$7.80B	$0.00	$0.00	$0.00	$0.00
Goodwill & Intangibles	$0.00	$9.03B ↑0.1%	$9.02B	$0.00	$0.00	$0.00
Total Assets	$120.26B	$116.47B ↓0.9%	$117.57B ↓7.2%	$126.72B ↓3.8%	$131.74B ↓16.4%	$157.54B
Accounts Payable	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Short-term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Current Liabilities	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Long-term Debt	$7.75B	$8.41B ↑13.6%	$7.40B ↑2.2%	$7.24B ↓0.8%	$7.29B ↓6.9%	$7.84B
Total Debt	$7.75B	$8.41B ↑12.1%	$7.50B ↑1.8%	$7.36B ↓1.0%	$7.44B ↓6.5%	$7.96B
Total Liabilities	$93.92B	$86.98B ↓4.9%	$91.47B ↓12.7%	$104.74B ↓6.1%	$111.60B ↓10.2%	$124.29B
Retained Earnings	$52.31B	$54.68B ↑4.6%	$52.28B ↑8.9%	$47.99B ↑8.2%	$44.37B ↑7.2%	$41.38B
Total Equity	$22.44B	$29.49B ↑13.0%	$26.10B ↑18.7%	$21.98B ↑9.2%	$20.14B ↓39.4%	$33.25B

Metric	TTM	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Cash & Equiv.	$5.23B	$5.23B -	$6.25B ↑0.3%	$6.77B ↑20.6%	$6.96B ↑14.9%	$5.23B ↑2.6%	$6.23B ↑44.7%	$5.61B ↑2.0%	$6.06B ↑28.4%	$5.10B ↑33.8%	$4.31B ↑9.2%	$5.50B ↑16.8%	$4.72B ↓8.8%	$3.81B ↓10.9%	$3.94B ↓21.9%	$4.71B ↓24.1%	$5.17B ↓5.4%	$4.28B ↓14.3%	$5.05B	$6.21B	$5.47B	$4.99B
Accounts Receivable	$894.00M	$894.00M -	$835.00M ↑7.2%	$852.00M ↑4.7%	$873.00M ↓0.8%	$894.00M ↓13.9%	$779.00M ↓8.1%	$814.00M ↑14.3%	$880.00M ↑16.6%	$1.04B ↑31.6%	$848.00M ↑31.1%	$712.00M ↑8.7%	$755.00M ↑9.9%	$789.00M ↑8.1%	$647.00M ↓3.7%	$655.00M ↓16.8%	$687.00M ↓12.8%	$730.00M ↓6.0%	$672.00M	$787.00M	$788.00M	$777.00M
Inventory	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Current Assets	$6.13B	$6.13B	$7.80B	$0.00	$0.00	$0.00	$0.00	$0.00 ↓100.0%	$0.00 ↓100.0%	$0.00 ↓100.0%	$0.00 ↓100.0%	$76.02B ↓3.8%	$79.98B ↓6.2%	$82.70B ↓12.9%	$80.33B ↓23.1%	$79.01B ↓26.7%	$85.29B ↓21.4%	$94.97B ↓10.8%	$104.42B	$107.72B	$108.54B	$106.51B
Goodwill & Intangibles	$0.00	$0.00	$9.03B	$9.22B	$9.30B	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Assets	$120.26B	$120.26B -	$116.47B ↓0.9%	$122.13B ↓4.9%	$124.74B ↑3.8%	$120.26B ↓3.6%	$117.57B ↓7.2%	$128.44B ↑2.7%	$120.17B ↓8.0%	$124.74B ↓7.6%	$126.72B ↓3.8%	$125.11B ↓2.3%	$130.63B ↓3.7%	$134.97B ↓8.2%	$131.74B ↓16.4%	$128.10B ↓20.2%	$135.63B ↓16.0%	$147.05B ↓7.0%	$157.54B	$160.60B	$161.49B	$158.16B
Accounts Payable	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Short-term Debt	$0.00	$0.00	$0.00	$399.00M	$86.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Current Liabilities	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Long-term Debt	$7.75B	$7.75B ↑1.3%	$8.41B ↑13.6%	$8.28B ↑5.3%	$8.75B ↑19.5%	$7.65B ↓1.9%	$7.40B ↑2.2%	$7.87B ↑15.3%	$7.32B ↑5.5%	$7.80B ↑7.3%	$7.24B ↓0.8%	$6.82B ↓7.7%	$6.94B ↓4.6%	$7.27B ↓4.7%	$7.29B ↓6.9%	$7.39B ↓6.9%	$7.28B ↓8.8%	$7.63B ↓3.9%	$7.84B	$7.94B	$7.98B	$7.94B
Total Debt	$7.75B	$7.75B -	$8.41B ↑12.1%	$8.77B ↑9.9%	$8.93B ↑19.8%	$7.75B ↓2.3%	$7.50B ↑1.8%	$7.98B ↑14.6%	$7.46B ↑5.2%	$7.94B ↑7.0%	$7.36B ↓1.0%	$6.96B ↓7.4%	$7.09B ↓4.4%	$7.42B ↓4.5%	$7.44B ↓6.5%	$7.52B ↓6.8%	$7.42B ↓8.7%	$7.77B ↓4.0%	$7.96B	$8.07B	$8.12B	$8.09B
Total Liabilities	$93.92B	$93.92B -	$86.98B ↓4.9%	$93.45B ↓9.8%	$97.54B ↑3.6%	$93.92B ↓7.2%	$91.47B ↓12.7%	$103.61B ↑1.1%	$94.12B ↓14.6%	$101.20B ↓12.1%	$104.74B ↓6.1%	$102.44B ↓1.4%	$110.19B ↑0.9%	$115.18B ↓2.0%	$111.60B ↓10.2%	$103.95B ↓18.2%	$109.24B ↓14.5%	$117.52B ↓6.8%	$124.29B	$127.05B	$127.76B	$126.05B
Retained Earnings	$52.31B	$52.31B -	$54.68B ↑4.6%	$53.92B ↑5.8%	$52.59B ↑2.4%	$52.31B ↑4.9%	$52.28B ↑8.9%	$50.97B ↑5.6%	$51.34B ↑9.4%	$49.87B ↑9.5%	$47.99B ↑8.2%	$48.26B ↑7.5%	$46.94B ↑7.8%	$45.55B ↑7.4%	$44.37B ↑7.2%	$44.89B ↑9.9%	$43.55B ↑8.4%	$42.41B ↑8.0%	$41.38B	$40.83B	$40.16B	$39.28B
Total Equity	$22.44B	$22.44B ↓14.8%	$29.49B ↑13.0%	$28.69B ↑15.5%	$27.20B ↑4.4%	$26.34B ↑11.9%	$26.10B ↑18.7%	$24.83B ↑9.5%	$26.05B ↑27.4%	$23.54B ↑19.0%	$21.98B ↑9.2%	$22.67B ↓6.1%	$20.44B ↓22.5%	$19.78B ↓33.0%	$20.14B ↓39.4%	$24.15B ↓28.0%	$26.39B ↓21.8%	$29.53B ↓8.0%	$33.25B	$33.55B	$33.73B	$32.10B

Metric	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Net Income	$3.65B	$3.65B ↓33.0%	$5.44B ↑16.8%	$4.66B ↑5.5%	$4.42B ↑4.4%	$4.23B
D&A	-$653.00M	$0.00	$0.00	$0.00	$0.00	$0.00
Stock-Based Comp	-$14.00M	$0.00	$0.00	$0.00	$0.00	$0.00
Working Capital Δ	-$566.00M	-$1.43B ↓122.4%	-$644.00M ↑61.0%	-$1.65B ↓844.1%	$222.00M ↓76.4%	$942.00M
Operating Cash Flow	$2.56B	$2.56B ↓5.6%	$2.71B ↓15.1%	$3.19B ↓17.8%	$3.88B ↓23.2%	$5.05B
Capital Expenditure	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Free Cash Flow	$2.56B	$2.56B ↓5.6%	$2.71B ↓15.1%	$3.19B ↓17.8%	$3.88B ↓23.2%	$5.05B
Dividends Paid	-$1.20B	-$1.20B ↓10.2%	-$1.09B ↓12.5%	-$966.00M ↑1.3%	-$979.00M ↓14.5%	-$855.00M
Share Buybacks	-$3.53B	-$3.53B ↓26.1%	-$2.80B ↑0.0%	-$2.80B ↓16.7%	-$2.40B ↓4.3%	-$2.30B

Metric	TTM	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Net Income	$3.65B	$1.38B ↓27.5%	$1.64B	$599.00M ↓65.9%	$29.00M ↓98.5%	$1.90B ↑609.7%	-$93.00M ↓105.9%	$1.75B ↑7.4%	$1.88B ↑58.2%	$268.00M ↑44.9%	$1.57B ↓11.9%	$1.63B ↑17.2%	$1.19B ↑13.5%	$185.00M ↓82.2%	$1.78B ↑100.6%	$1.39B ↑26.2%	$1.05B ↓19.0%	$1.04B	$888.00M	$1.10B	$1.29B
D&A	-$653.00M	-$1.31B	$655.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Stock-Based Comp	-$14.00M	-$21.00M	$7.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Working Capital Δ	-$566.00M	-$566.00M ↓62.2%	$510.00M	-$454.00M ↑13.9%	-$56.00M ↓119.9%	-$349.00M ↑73.3%	-$50.00M ↓134.2%	-$527.00M ↑15.1%	$282.00M ↑118.6%	-$1.31B	$146.00M ↑148.2%	-$621.00M ↓721.0%	$129.00M ↓70.6%	-$94.00M ↓291.8%	-$303.00M ↓155.6%	$100.00M ↑78.6%	$439.00M ↓14.9%	$49.00M	$545.00M	$56.00M	$516.00M
Operating Cash Flow	$2.56B	$315.00M ↓5.4%	$1.25B ↓1.4%	$399.00M ↑56.5%	$589.00M ↓30.6%	$333.00M ↓60.0%	$1.27B ↓0.5%	$255.00M ↓42.3%	$849.00M ↓4.6%	$833.00M ↓19.4%	$1.28B ↑18.6%	$442.00M ↓13.3%	$890.00M ↓29.4%	$1.03B ↑18.7%	$1.08B ↓41.9%	$510.00M ↓47.0%	$1.26B ↓7.8%	$870.00M	$1.85B	$962.00M	$1.37B
Capital Expenditure	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Free Cash Flow	$2.56B	$315.00M ↓5.4%	$1.25B ↓1.4%	$399.00M ↑56.5%	$589.00M ↓30.6%	$333.00M ↓60.0%	$1.27B ↓0.5%	$255.00M ↓42.3%	$849.00M ↓4.6%	$833.00M ↓19.4%	$1.28B ↑18.6%	$442.00M ↓13.3%	$890.00M ↓29.4%	$1.03B ↑18.7%	$1.08B ↓41.9%	$510.00M ↓47.0%	$1.26B ↓7.8%	$870.00M	$1.85B	$962.00M	$1.37B
Dividends Paid	-$1.20B	-$292.00M ↓9.4%	-$299.00M ↓10.7%	-$301.00M ↓10.7%	-$306.00M ↓10.1%	-$267.00M ↓13.1%	-$270.00M ↓13.0%	-$272.00M ↓11.9%	-$278.00M ↓12.1%	-$236.00M ↑1.3%	-$239.00M ↑1.2%	-$243.00M ↑2.0%	-$248.00M ↑0.8%	-$239.00M ↓14.9%	-$242.00M ↓11.5%	-$248.00M ↓17.5%	-$250.00M ↓14.2%	-$208.00M	-$217.00M	-$211.00M	-$219.00M
Share Buybacks	-$3.53B	-$801.00M ↓6.8%	-$1.00B ↓100.0%	-$829.00M ↓3.6%	-$900.00M ↓20.0%	-$750.00M ↓7.0%	-$500.00M ↑28.6%	-$800.00M ↓14.3%	-$750.00M ↓7.1%	-$701.00M ↓16.8%	-$700.00M ↓7.5%	-$700.00M ↓7.7%	-$700.00M ↓40.0%	-$600.00M ↑4.0%	-$651.00M ↓23.8%	-$650.00M ↓30.0%	-$500.00M ↑23.1%	-$625.00M	-$526.00M	-$500.00M	-$650.00M