MFC
Manulife Financial Corp
NYSE: MFC · FINANCIAL SERVICES · INSURANCE - LIFE
$39.29
+2.93% today
Updated 2026-04-30
Market cap
$64.78B
P/E ratio
17.22
P/S ratio
2.09x
EPS (TTM)
$2.25
Dividend yield
4.55%
52W range
$29 – $39
Volume
2.4M
Manulife Financial Corp (MFC) 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 | $34.19B | $35.53B | $33.00B | $40.11B | $37.62B | $49.98B | $28.08B | $17.48B | $53.07B | $32.81B | $51.69B | $56.65B | $37.26B | $77.82B | $77.12B | $59.84B | $24.16B | $-7.04B | $-7.29B | $53.01B |
| Revenue growth (YoY) | — | +3.9% | -7.1% | +21.5% | -6.2% | +32.9% | -43.8% | -37.7% | +203.5% | -38.2% | +57.5% | +9.6% | -34.2% | +108.8% | -0.9% | -22.4% | -59.6% | -129.1% | -3.6% | +827.4% |
| Cost of revenue | $16.67B | $24.55B | $22.20B | $30.08B | $27.59B | $42.82B | $20.61B | $6.66B | $41.57B | $21.41B | $38.84B | $44.33B | $20.30B | $60.76B | $59.87B | $41.20B | $22.52B | $-17.72B | $-20.92B | $39.49B |
| Gross profit | $17.52B | $35.53B | $10.80B | $10.03B | $10.03B | $7.16B | $7.46B | $10.82B | $11.50B | $11.40B | $12.85B | $12.32B | $16.97B | $17.06B | $17.25B | $18.64B | $1.64B | $10.68B | $13.63B | $13.53B |
| Gross margin | 51.2% | 100.0% | 32.7% | 25.0% | 26.7% | 14.3% | 26.6% | 61.9% | 21.7% | 34.8% | 24.9% | 21.7% | 45.5% | 21.9% | 22.4% | 31.1% | 6.8% | -151.8% | -187.0% | 25.5% |
| R&D | $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 | $3.35B | $5.93B | $3.55B | $3.68B | $3.85B | $4.06B | $4.42B | $4.62B | $4.77B | $6.22B | $7.00B | $7.23B | $7.96B | $7.69B | $7.51B | $7.83B | $3.73B | $4.33B | $4.86B | $4.90B |
| Operating income | $5.34B | $6.64B | $577.00M | $-152.00M | $-2.33B | $148.00M | $1.24B | $3.75B | $4.26B | $2.62B | $3.33B | $2.50B | $5.52B | $6.22B | $6.77B | $8.13B | $-3.14B | $6.45B | $7.09B | $7.09B |
| Operating margin | 15.6% | 18.7% | 1.7% | -0.4% | -6.2% | 0.3% | 4.4% | 21.4% | 8.0% | 8.0% | 6.4% | 4.4% | 14.8% | 8.0% | 8.8% | 13.6% | -13.0% | -91.7% | -97.3% | 13.4% |
| EBITDA | $6.50B | $6.98B | $2.02B | $1.45B | $-965.00M | $1.74B | $2.57B | $5.22B | $5.86B | $4.30B | $5.04B | $4.20B | $7.54B | $8.16B | $8.61B | $9.66B | $-3.56B | $6.59B | $7.26B | $6.79B |
| EBITDA margin | 19.0% | 19.6% | 6.1% | 3.6% | -2.6% | 3.5% | 9.1% | 29.8% | 11.0% | 13.1% | 9.7% | 7.4% | 20.2% | 10.5% | 11.2% | 16.2% | -14.7% | -93.6% | -99.7% | 12.8% |
| EBIT | $6.27B | $6.70B | $1.76B | $1.15B | $-1.28B | $1.40B | $2.18B | $4.79B | $5.39B | $3.72B | $4.34B | $3.64B | $6.79B | $7.54B | $7.95B | $9.14B | $-2.09B | $8.01B | $8.77B | $8.62B |
| Interest expense | $961.34M | $1.03B | $1.04B | $1.30B | $1.08B | $1.25B | $936.14M | $992.19M | $1.08B | $1.10B | $1.02B | $1.16B | $1.27B | $1.35B | $1.18B | $1.02B | $1.04B | $1.55B | $1.68B | $1.53B |
| Income tax | $1.37B | $1.38B | $80.00M | $-1.57B | $-799.00M | $-97.00M | $-492.00M | $581.00M | $671.00M | $328.00M | $196.00M | $239.00M | $632.00M | $718.00M | $1.20B | $1.21B | $-1.16B | $845.00M | $1.21B | $1.03B |
| Effective tax rate | 25.6% | 24.6% | 13.4% | 924.7% | 32.5% | -80.2% | -40.5% | 15.7% | 16.0% | 12.9% | 6.2% | 10.4% | 11.9% | 12.0% | 18.3% | 15.4% | 35.6% | 13.4% | 17.7% | 15.2% |
| Net income | $3.97B | $4.23B | $517.00M | $1.40B | $-1.66B | $218.00M | $1.71B | $3.12B | $3.52B | $2.22B | $2.99B | $2.07B | $4.67B | $5.27B | $5.33B | $6.66B | $-2.10B | $5.46B | $5.63B | $5.78B |
| Net income growth (YoY) | — | +6.5% | -87.8% | +171.2% | -218.6% | +113.1% | +683.0% | +82.7% | +13.0% | -36.9% | +34.6% | -30.8% | +126.0% | +12.8% | +1.1% | +25.0% | -131.5% | +360.1% | +3.1% | +2.7% |
| Profit margin | 11.6% | 11.9% | 1.6% | 3.5% | -4.4% | 0.4% | 6.1% | 17.8% | 6.6% | 6.8% | 5.8% | 3.7% | 12.5% | 6.8% | 6.9% | 11.1% | -8.7% | -77.6% | -77.3% | 10.9% |