JXN-PA

MKT CAP:$2B

Jackson Financial Inc.

Market Cap

$2B

Financial Services·Insurance - Life·🇺🇸 United States·NYSE

Financials·Insurance - Life·🇺🇸·NYSE

Stock Price

$26.18-$0.07 (-0.27%)

Apr 24, 2026

Company Details

Jackson Financial Inc., through its subsidiaries, primarily provides a suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and A...

CEO

Laura Louene Prieskorn

IPO Date

Mar 7, 2023

Website

www.jackson.com

Key Metrics TTM

Revenue

$6.6B

+112.7% YoY

Net Income

$27M

EPS (Diluted)

-$0.27

Free Cash Flow

$5.8B

Revenue / Share

$93.58

Gross Margin

61.4%

Operating Margin

-1.7%

Net Margin

0.4%

FCF Margin

87.5%

P/S

0.3x

P/E

68.6x

Earnings Reports

Q1 2026

May 12, 2026

PENDING

FY 2025

Feb 24, 2026

$6.7B+116.1%EPS -$0.24

Q4 2025

Feb 24, 2026

$2.0B+1158.2%EPS -$3.06

Q3 2025

Nov 4, 2025

$1.3B-35.5%EPS $0.92

Q2 2025

Aug 5, 2025

-$483M-140.3%EPS $2.34

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$2.2B	$3.5B	$2.6B
Q2 22	$6.7B	$4.9B	$4.1B
Q3 22	$3.0B	$3.3B	$2.5B
Q4 22	-$535M	-$304M	-$953M
Q1 23	-$754M	-$1.3B	-$2.1B
Q2 23	$431M	$2.3B	$1.5B
Q3 23	$2.6B	$4.3B	$3.5B
Q4 23	$905M	-$1.1B	-$2.0B
Q1 24	-$359M	$1.7B	$903M
Q2 24	$1.2B	$1.1B	$318M
Q3 24	$2.1B	$356M	-$579M
Q4 24	$158M	$1.2B	$380M
Q1 25	$3.7B	$817M	-$17M
Q2 25	-$483M	$1.1B	$189M
Q3 25	$1.3B	$372M	$72M
Q4 25	$2.0B	$1.8B	-$358M

Valuation

Quarter	P/S	P/E
Q1 22	0.4x	0.8x
Q2 22	0.2x	0.3x
Q3 22	0.2x	0.3x
Q4 22	0.2x	0.3x
Q1 23	0.2x	0.7x
Q2 23	1.0x	2.3x
Q3 23	1.1x	1.1x
Q4 23	0.6x	2.1x
Q1 24	0.6x	0.6x
Q2 24	0.5x	0.9x
Q3 24	0.5x	—
Q4 24	0.7x	2.2x
Q1 25	0.3x	15.9x
Q2 25	0.3x	60.6x
Q3 25	0.4x	3.3x
Q4 25	0.3x	67.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$860M	$860M
Q2 22	$1.2B	$1.2B
Q3 22	$845M	$845M
Q4 22	$2.3B	$2.3B
Q1 23	$1.5B	$1.5B
Q2 23	$1.1B	$1.1B
Q3 23	$1.1B	$1.1B
Q4 23	$1.6B	$1.6B
Q1 24	$1.4B	$1.4B
Q2 24	$1.5B	$1.5B
Q3 24	$1.4B	$1.4B
Q4 24	$1.5B	$1.5B
Q1 25	$1.6B	$1.6B
Q2 25	$1.2B	$1.2B
Q3 25	$1.4B	$1.4B
Q4 25	$1.6B	$1.6B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-59.5%	-121.7%
Q2 22	+2647.1%	+227.9%
Q3 22	+90.0%	-65.8%
Q4 22	-131.7%	-55.5%
Q1 23	-134.1%	+421.8%
Q2 23	-93.6%	-140.3%
Q3 23	-12.8%	-302.4%
Q4 23	+269.2%	+584.2%
Q1 24	+52.4%	-197.1%
Q2 24	+178.4%	+185.3%
Q3 24	-19.3%	+393.9%
Q4 24	-82.5%	-107.8%
Q1 25	+1137.0%	+396.4%
Q2 25	-140.3%	-176.2%
Q3 25	-35.5%	-52.2%
Q4 25	+1158.2%	+1156.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$71M	3.2%
Q2 22	-$2M	-0.0%
Q3 22	$27M	0.9%
Q4 22	$35M	—
Q1 23	$24M	—
Q2 23	$15M	3.5%
Q3 23	$35M	1.3%
Q4 23	$33M	3.6%
Q1 24	$45M	—
Q2 24	$48M	4.0%
Q3 24	$69M	3.3%
Q4 24	$29M	18.4%
Q1 25	$54M	1.5%
Q2 25	$18M	—
Q3 25	$34M	2.5%
Q4 25	$126M	6.3%

OpEx Breakdown

Quarter	G&A
Q1 22	$241M
Q2 22	$153M
Q3 22	$220M
Q4 22	$261M
Q1 23	$236M
Q2 23	$238M
Q3 23	$232M
Q4 23	$301M
Q1 24	$271M
Q2 24	$258M
Q3 24	$310M
Q4 24	$281M
Q1 25	$259M
Q2 25	$274M
Q3 25	$264M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	90M	-4.8%	-4.8%
Q2 22	89M	-0.9%	-5.6%
Q3 22	88M	-1.4%	-7.0%
Q4 22	84M	-4.8%	-11.4%
Q1 23	83M	-1.3%	-8.1%
Q2 23	85M	+2.6%	-5.0%
Q3 23	83M	-2.3%	-5.8%
Q4 23	81M	-2.5%	-3.6%
Q1 24	79M	-2.3%	-4.6%
Q2 24	77M	-2.3%	-9.1%
Q3 24	77M	+0.0%	-6.9%
Q4 24	75M	-2.5%	-6.9%
Q1 25	75M	0.0%	-4.7%
Q2 25	72M	-4.2%	-6.7%
Q3 25	70M	-2.3%	-8.8%
Q4 25	70M	0.0%	-6.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	$235.7K	4K
Q1 24	-$93.5K	4K
Q2 24	$312.5K	4K
Q3 24	$545.1K	4K
Q4 24	$41.1K	4K
Q1 25	$969.5K	4K
Q2 25	-$125.8K	4K
Q3 25	$351.3K	4K
Q4 25	$511.1K	4K

Revenue / Employee