Aflac Inc (AFL) Financial Statements
Industry: Accident & Health Insurance
In fiscal 2025, Aflac reported revenue of $17.16B, down 9.3% from $18.93B the year before. Net income was $3.65B (a 21.2% net margin), or $6.82 per diluted share. Gross margin was 57.5% and operating margin was 28.9%. Operating activities generated $2.56B of cash. At fiscal year end, Aflac held $116.47B in total assets against $86.98B in total liabilities, including $6.25B of cash and equivalents.
Open the full interactive Aflac financials → Quarterly statements, key ratios, valuation history and price charts.
Aflac Key Stats
| Share Price | $116.44 |
|---|---|
| Market Cap | $58.87B |
| P/E Ratio | 17.1 |
| Dividend Yield | 2.03% |
| Revenue YoY Growth | -9.3% |
| 52-Week Range | $103.54 – $128.90 |
| Shares Outstanding | 504.1 million (basic, 2026 Q2) |
Aflac Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $22.15B | $22.11B | $19.50B | $18.70B | $18.93B | $17.16B |
| Cost of Goods Sold | $11.80B | $10.58B | $9.15B | $8.21B | $7.45B | $7.29B |
| Gross Profit | $10.35B | $11.53B | $10.35B | $10.49B | $11.48B | $9.87B |
| Operating Income | $4.42B | $4.93B | $4.16B | $4.31B | $4.95B | $4.96B |
| Pre-Tax Income | $4.16B | $5.32B | $4.60B | $5.26B | $6.42B | $4.53B |
| Income Tax | -$619.0M | $997.0M | $403.0M | $603.0M | $974.0M | $887.0M |
| Net Income | $4.78B | $4.33B | $4.20B | $4.66B | $5.44B | $3.65B |
| Diluted EPS | $6.67 | $6.39 | $6.59 | $7.78 | $9.63 | $6.82 |
Aflac Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $4.74B | $4.87B | $4.35B | $4.12B |
| Net Income | $1.64B | $1.38B | $1.02B | $825.0M |
| Diluted EPS | $3.08 | $2.58 | $1.98 | $1.63 |
Aflac Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.14B | $5.05B | $3.94B | $4.31B | $6.23B | $6.25B |
| Total Assets | $165.09B | $157.54B | $131.02B | $126.72B | $117.57B | $116.47B |
| Total Long-Term Debt | $7.90B | $7.96B | $7.44B | $7.36B | $7.50B | $8.41B |
| Total Liabilities | $131.53B | $124.29B | $108.65B | $104.74B | $91.47B | $86.98B |
| Shareholders' Equity | $33.56B | $33.25B | $22.36B | $21.98B | $26.10B | $29.49B |
Aflac Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $5.96B | $5.05B | $3.88B | $3.19B | $2.71B | $2.56B |
| Cash From Investing | -$4.62B | -$2.38B | -$1.54B | $817.0M | $2.78B | $1.56B |
| Cash From Financing | -$1.11B | -$2.74B | -$3.55B | -$3.72B | -$3.49B | -$4.07B |
| Dividends Paid | $769.0M | $855.0M | $979.0M | $966.0M | $1.09B | $1.20B |
Figures from Aflac's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Aflac financials page for every line item.
Aflac Company Profile
| Ticker | AFL |
|---|---|
| Exchange | NYSE |
| Industry | Accident & Health Insurance |
| Headquarters | Columbus, Georgia |
| Incorporated in | Georgia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000004977 |
Frequently Asked Questions
What was Aflac's revenue in fiscal 2025?
Aflac (AFL) reported revenue of $17.16B for fiscal 2025.
What is Aflac's annual revenue history?
Aflac's annual revenue by fiscal year: 2020: $22.15B; 2021: $22.11B; 2022: $19.50B; 2023: $18.70B; 2024: $18.93B; 2025: $17.16B.
What was Aflac's net income in fiscal 2025?
Aflac reported net income of $3.65B for fiscal 2025.
What was Aflac's earnings per share (EPS) in fiscal 2025?
Aflac's diluted EPS was $6.82 for fiscal 2025 (adjusted for any later stock splits).
What was Aflac's revenue last quarter?
In its most recent reported quarter (2026 Q2), Aflac reported revenue of $4.12B.
How much debt does Aflac have?
Aflac reported $8.41B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Aflac are outstanding?
Aflac reported a weighted average of 504.1 million basic shares outstanding in 2026 Q2.
What is Aflac's market cap?
Based on its latest closing price, Aflac (AFL) has a market capitalization of about $58.87B.
When does Aflac's fiscal year end?
Aflac's fiscal year end, as registered with the SEC, is December 31.
Where is Aflac headquartered?
Aflac lists its business address in Columbus, Georgia in its SEC filings.