MET

MKT CAP:$51B

MetLife, Inc.

Market Cap

$51B

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

Financials·Insurance - Life·🇺🇸·NYSE

Stock Price

$77.68-$2.64 (-3.29%)

Apr 24, 2026

Company Details

MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and Me...

CEO

Michel Abbas Khalaf

IPO Date

Apr 5, 2000

Website

www.metlife.com

Key Metrics TTM

Revenue

$76.1B

+8.6% YoY

Net Income

$3.4B

EPS (Diluted)

$4.70

Free Cash Flow

$18.1B

Revenue / Share

$114.49

Gross Margin

25.6%

Operating Margin

6.1%

Net Margin

4.4%

FCF Margin

23.8%

P/S

0.7x

P/E

15.1x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 19, 2026

$77.1B+10.2%EPS $4.80

Q4 2025

Feb 19, 2026

$23.8B+29.1%EPS $1.17

Q3 2025

Nov 6, 2025

$16.9B-7.7%EPS $1.22

Q2 2025

Aug 7, 2025

$17.2B-1.8%EPS $1.03

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$20.1B	$3.5B	$1.3B
Q1 22	$15.4B	$3.9B	$1.9B
Q2 22	$15.5B	$3.0B	$987M
Q3 22	$22.3B	$3.4B	$1.4B
Q1 23	$15.4B	$2.3B	$257M
Q2 23	$16.6B	$2.5B	$430M
Q3 23	$15.9B	$2.7B	$534M
Q4 23	$19.0B	$3.2B	$941M
Q1 24	$15.9B	$4.5B	$1.0B
Q2 24	$17.5B	$4.4B	$1.2B
Q3 24	$18.3B	$5.4B	$2.0B
Q4 24	$18.4B	$4.9B	$1.4B
Q1 25	$18.3B	$4.7B	$1.4B
Q2 25	$17.2B	$4.5B	$980M
Q3 25	$16.9B	$2.9B	$1.2B
Q4 25	$23.8B	$7.3B	$1.1B

Valuation

Quarter	P/S	P/E
Q4 21	0.7x	8.0x
Q1 22	0.8x	7.6x
Q2 22	0.8x	9.7x
Q3 22	0.7x	9.9x
Q1 23	0.6x	11.7x
Q2 23	0.6x	16.9x
Q3 23	0.7x	21.6x
Q4 23	0.8x	31.9x
Q1 24	0.8x	22.1x
Q2 24	0.7x	16.8x
Q3 24	0.8x	15.3x
Q4 24	0.8x	12.8x
Q1 25	0.7x	12.0x
Q2 25	0.7x	12.5x
Q3 25	0.8x	14.2x
Q4 25	0.7x	15.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$5.6B	$5.6B
Q1 22	$2.0B	$2.0B
Q2 22	$4.4B	$4.4B
Q3 22	$4.3B	$4.3B
Q1 23	$2.0B	$2.0B
Q2 23	$3.0B	$3.0B
Q3 23	$3.5B	$3.5B
Q4 23	$5.7B	$5.7B
Q1 24	$2.3B	$2.3B
Q2 24	$3.5B	$3.5B
Q3 24	$4.2B	$4.2B
Q4 24	$5.1B	$5.1B
Q1 25	$4.3B	$4.3B
Q2 25	$2.2B	$2.2B
Q3 25	$3.6B	$3.6B
Q4 25	$8.1B	$8.1B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+3.5%	-2.4%
Q1 22	-1.0%	-11.8%
Q2 22	-21.0%	-4.1%
Q3 22	+31.8%	+40.4%
Q1 23	-23.4%	-19.4%
Q2 23	+7.9%	+20.2%
Q3 23	+2.5%	+5.8%
Q4 23	-14.6%	-13.3%
Q1 24	+3.3%	-1.8%
Q2 24	+5.2%	+0.6%
Q3 24	+15.3%	+6.3%
Q4 24	-3.1%	-5.7%
Q1 25	+14.8%	+13.8%
Q2 25	-1.8%	-0.6%
Q3 25	-7.7%	-3.9%
Q4 25	+29.1%	+33.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
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	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q4 21	$1.6B
Q1 22	$1.4B
Q2 22	$1.4B
Q3 22	$1.4B
Q1 23	$1.5B
Q2 23	$1.5B
Q3 23	$1.5B
Q4 23	$1.7B
Q1 24	$1.5B
Q2 24	$1.5B
Q3 24	$1.5B
Q4 24	$1.5B
Q1 25	$1.6B
Q2 25	$1.5B
Q3 25	$1.5B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$23.5B	$323.2B	$346.7B
Q2 22	$20.5B	$287.2B	$307.8B
Q3 22	$22.2B	$276.0B	$298.2B
Q4 22	$20.2B	$281.7B	$301.9B
Q1 23	$18.5B	$288.0B	$306.5B
Q2 23	$15.4B	$290.8B	$306.2B
Q3 23	$14.9B	$277.5B	$292.4B
Q4 23	$20.6B	$287.5B	$308.1B
Q1 24	$19.8B	$283.3B	$303.1B
Q2 24	$20.8B	$281.5B	$302.3B
Q3 24	$21.8B	$298.4B	$320.2B
Q4 24	$20.1B	$88.7B	$108.8B
Q1 25	$21.3B	$96.4B	$117.7B
Q2 25	$22.2B	$98.0B	$120.2B
Q3 25	$20.2B	$101.8B	$122.1B
Q4 25	$22.0B	$103.3B	$125.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	845M	-1.9%	-6.7%
Q1 22	831M	-1.7%	-6.9%
Q2 22	815M	-1.9%	-7.4%
Q3 22	801M	-1.7%	-7.0%
Q1 23	781M	-2.4%	-7.6%
Q2 23	770M	-1.5%	-7.3%
Q3 23	756M	-1.8%	-7.2%
Q4 23	745M	-1.3%	-6.9%
Q1 24	728M	-2.3%	-6.8%
Q2 24	715M	-1.9%	-7.1%
Q3 24	704M	-1.5%	-6.9%
Q4 24	698M	-0.8%	-6.4%
Q1 25	687M	-1.6%	-5.7%
Q2 25	675M	-1.7%	-5.6%
Q3 25	669M	-0.9%	-4.9%
Q4 25	665M	-0.6%	-4.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$467.2K	43K
Q1 22	$358.3K	43K
Q2 22	$359.8K	43K
Q3 22	$518.2K	43K
Q1 23	$342.0K	45K
Q2 23	$369.4K	45K
Q3 23	$352.6K	45K
Q4 23	$422.8K	45K
Q1 24	$353.4K	45K
Q2 24	$388.7K	45K
Q3 24	$406.6K	45K
Q4 24	$409.8K	45K
Q1 25	$405.8K	45K
Q2 25	$381.7K	45K
Q3 25	$375.1K	45K
Q4 25	$517.7K	46K

Revenue / Employee