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AFL (Aflac Incorporated) Stock Financials & Earnings | Market Cap Arena
AFL
Aflac Incorporated
Mkt Cap
$57B
Financial Services
·
Insurance - Life
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$17.4B
Net Income (TTM)
$3.6B
EPS (TTM)
$6.83
Free Cash Flow (TTM)
$2.6B
Gross Margin
38.7%
Op. Margin
26.3%
Net Margin
21.0%
FCF Margin
14.7%
P/S Ratio (TTM)
3.3x
P/E Ratio (TTM)
15.7x
YoY Rev Growth
-9.2%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$4.8B
$4.8B
$1.3B
Q2 23
$5.2B
$5.2B
$1.8B
Q3 23
$5.0B
$5.0B
$1.8B
Q4 23
$3.9B
$3.9B
$290M
Q1 24
$5.4B
$2.5B
$2.2B
Q2 24
$5.2B
$2.3B
$2.0B
Q3 24
$3.0B
$479M
$92M
Q4 24
$5.5B
$2.5B
$2.1B
Q1 25
$3.5B
$490M
$145M
Q2 25
$4.2B
$1.2B
$822M
Q3 25
$4.8B
$2.1B
$2.0B
Q4 25
$4.9B
$2.9B
$1.6B
marketcaparena.com
Revenue Breakdown
AFL
Aflac Incorporated
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
3.0x
12.6x
Q2 23
3.1x
12.0x
Q3 23
3.0x
12.5x
Q4 23
3.0x
12.3x
Q1 24
2.9x
10.7x
Q2 24
2.9x
10.5x
Q3 24
3.3x
15.0x
Q4 24
3.0x
10.5x
Q1 25
3.3x
15.9x
Q2 25
3.5x
23.5x
Q3 25
3.2x
13.7x
Q4 25
3.3x
15.7x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$890M
$890M
Q2 23
$442M
$442M
Q3 23
$1.3B
$1.3B
Q4 23
$833M
$833M
Q1 24
$849M
$849M
Q2 24
$255M
$255M
Q3 24
$1.3B
$1.3B
Q4 24
$333M
$333M
Q1 25
$589M
$589M
Q2 25
$399M
$399M
Q3 25
$1.3B
$1.3B
Q4 25
$315M
$315M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-6.2%
-9.5%
Q2 23
-3.0%
-7.6%
Q3 23
+6.8%
-4.6%
Q4 23
-4.1%
+2.0%
Q1 24
+12.5%
-6.4%
Q2 24
-0.3%
-6.3%
Q3 24
-39.7%
-8.8%
Q4 24
+42.5%
-5.7%
Q1 25
-36.5%
+1.3%
Q2 25
-18.2%
+8.2%
Q3 25
+57.9%
-4.9%
Q4 25
-10.9%
-2.1%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$0
0.0%
Q2 23
$0
0.0%
Q3 23
$0
0.0%
Q4 23
$0
0.0%
Q1 24
$0
0.0%
Q2 24
$0
0.0%
Q3 24
$0
0.0%
Q4 24
$0
0.0%
Q1 25
$0
0.0%
Q2 25
$0
0.0%
Q3 25
$7M
0.1%
Q4 25
-$21M
-0.4%
marketcaparena.com
OpEx Breakdown
G&A
S&M
Quarter
G&A
S&M
Q2 25
$804M
—
Q3 25
$781M
—
Q4 25
$866M
$246M
marketcaparena.com
Revenue Segments
Quarter
marketcaparena.com
Revenue by Geography
Aflac Japan Member
Aflac US Member
Quarter
Aflac Japan Member
Aflac US Member
Q2 25
$2.5B
$1.7B
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$3.8B
$78.1B
$81.9B
Q2 23
$4.7B
$74.5B
$79.2B
Q3 23
$5.5B
$69.8B
$75.3B
Q4 23
$4.3B
$73.3B
$77.6B
Q1 24
$5.1B
$70.1B
$75.2B
Q2 24
$6.1B
$66.3B
$72.3B
Q3 24
$5.6B
$5.1B
$10.7B
Q4 24
$6.2B
$65.3B
$71.5B
Q1 25
$5.2B
$67.2B
$72.4B
Q2 25
$7.0B
$68.9B
$75.9B
Q3 25
$6.8B
$69.7B
$76.4B
Q4 25
$6.2B
$0
$6.2B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
614M
-1.4%
Q2 23
603M
-1.8%
Q3 23
594M
-1.5%
Q4 23
585M
-1.5%
Q1 24
577M
-1.3%
Q2 24
567M
-1.8%
Q3 24
560M
-1.1%
Q4 24
565M
+0.8%
Q1 25
547M
-3.2%
Q2 25
538M
-1.5%
Q3 25
532M
-1.2%
Q4 25
532M
+0.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$2M
10K
FY 15
$2M
10K
FY 16
$2M
10K
FY 17
$2M
11K
FY 18
$2M
11K
FY 19
$2M
12K
FY 20
$2M
12K
FY 21
$2M
12K
FY 22
$1M
13K
FY 23
$1M
13K
FY 24
$2M
13K
FY 25
$17M
1K
marketcaparena.com