AFL
Aflac Incorporated
NYSE: AFL · FINANCIAL SERVICES · INSURANCE - LIFE
$116.21
-0.07% today
Updated 2026-04-29
Market cap
$59.05B
P/E ratio
16.81
P/S ratio
3.44x
EPS (TTM)
$6.82
Dividend yield
2.02%
52W range
$95 – $119
Volume
2.3M
Aflac Incorporated (AFL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.62B | $15.39B | $16.55B | $18.25B | $20.73B | $22.17B | $25.36B | $23.94B | $22.73B | $20.87B | $22.56B | $21.67B | $21.76B | $22.31B | $22.15B | $22.11B | $19.15B | $18.84B | $19.13B | $17.44B |
| Revenue growth (YoY) | — | +5.3% | +7.5% | +10.3% | +13.6% | +6.9% | +14.4% | -5.6% | -5.1% | -8.2% | +8.1% | -4.0% | +0.4% | +2.5% | -0.7% | -0.2% | -13.4% | -1.6% | +1.5% | -8.8% |
| Cost of revenue | $12.27B | $12.82B | $61.00M | $65.00M | $16.94B | $18.92B | $20.74B | $18.77B | $17.87B | $14.12B | $15.43B | $14.63B | $14.56B | $14.54B | — | — | $275.00M | — | $12.31B | $10.65B |
| Gross profit | $14.62B | $15.39B | $16.55B | $18.19B | $20.73B | $22.17B | $25.36B | $23.94B | $22.73B | $20.87B | $22.56B | $21.67B | $21.76B | $22.31B | $22.15B | $22.11B | $19.15B | $18.84B | $6.82B | $6.79B |
| Gross margin | 100.0% | 100.0% | 100.0% | 99.6% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 35.6% | 38.9% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
| SG&A | $1.34B | $1.49B | $1.46B | $1.57B | $2.06B | $2.23B | $2.42B | $2.22B | $2.26B | $276.00M | $299.00M | $285.00M | $291.00M | $273.00M | $240.00M | $287.00M | $2.99B | $2.93B | $2.79B | $2.45B |
| Operating income | $2.28B | $2.53B | $1.91B | $2.31B | $3.73B | $3.19B | $4.56B | $5.11B | $4.81B | $4.15B | $4.33B | $4.26B | $4.21B | $4.45B | $4.16B | $5.32B | $4.87B | $5.26B | $6.42B | $4.64B |
| Operating margin | 15.6% | 16.4% | 11.6% | 12.6% | 18.0% | 14.4% | 18.0% | 21.3% | 21.2% | 19.9% | 19.2% | 19.7% | 19.3% | 19.9% | 18.8% | 24.1% | 25.4% | 27.9% | 33.5% | 26.6% |
| EBITDA | $2.28B | $2.53B | $1.99B | $2.31B | $3.73B | $3.19B | $4.56B | $5.11B | $4.81B | $4.15B | $4.33B | $4.26B | $4.21B | $4.45B | $5.37B | $6.49B | $4.87B | $5.26B | $6.42B | $5.53B |
| EBITDA margin | 15.6% | 16.4% | 12.0% | 12.6% | 18.0% | 14.4% | 18.0% | 21.3% | 21.2% | 19.9% | 19.2% | 19.7% | 19.3% | 19.9% | 24.3% | 29.4% | 25.4% | 27.9% | 33.5% | 31.7% |
| EBIT | $2.28B | $2.53B | $1.91B | $2.31B | $3.73B | $3.19B | $4.56B | $5.11B | $4.81B | $4.15B | $4.33B | $4.26B | $4.21B | $4.45B | $4.16B | $5.32B | $5.09B | $5.46B | $6.42B | $4.65B |
| Interest expense | $19.00M | $27.00M | $29.00M | $72.00M | $149.00M | $196.00M | $261.00M | $293.00M | $317.00M | $289.00M | $268.00M | $240.00M | $222.00M | $228.00M | $242.00M | $238.00M | $226.00M | $195.00M | $197.00M | $220.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.48B | $1.63B | $1.25B | $1.50B | $2.34B | $1.96B | $2.87B | $3.16B | $2.95B | $2.53B | $2.66B | $4.37B | $2.92B | $3.30B | $4.78B | $4.33B | $4.42B | $4.66B | $5.44B | $3.65B |
| Net income growth (YoY) | — | +10.2% | -23.3% | +19.4% | +56.6% | -16.2% | +45.9% | +10.2% | -6.6% | -14.2% | +5.0% | +64.4% | -33.2% | +13.2% | +44.6% | -9.5% | +2.2% | +5.5% | +16.8% | -33.0% |
| Profit margin | 10.1% | 10.6% | 7.6% | 8.2% | 11.3% | 8.9% | 11.3% | 13.2% | 13.0% | 12.1% | 11.8% | 20.2% | 13.4% | 14.8% | 21.6% | 19.6% | 23.1% | 24.7% | 28.5% | 20.9% |