Revenue
4.12 billion USD
2026 Q2 · USD
Exact inputs and evidence
- Revenue: 4117000000 USD Source
Fundies. English
Aflac Incorporated
EDGARAnnual consolidated revenue for 2025: about USD 17.16B, using the latest reported figures. The previous period, 2024, was about USD 18.93B.
Latest quarter
- Cash and cash equivalents
- 6.12 billion USD Source
Exact value
6120000000 USD
- Long-term debt including current maturities
- Not available
- Shares outstanding
- 502 million shares Source
Exact value
502257000 shares
Reported share-count change
-6.09% · -32.6 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
18.1 billion USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Net income
4.86 billion USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Operating cash flow
2.65 billion USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
- Operating cash flow: 2240000000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 988000000 USD · 2025-01-01 – 2025-06-30 Source
- Operating cash flow: 2555000000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 2240000000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 968000000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 1080000000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: 968000000 USD · 2026-01-01 – 2026-03-31 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-08-07.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 11 of 11 periods available· newest 2025-12-31
- Operating income: 8 of 11 periods available· newest 2022-12-31
- Net income: 11 of 11 periods available· newest 2025-12-31
- Operating cash flow: 11 of 11 periods available· newest 2025-12-31
- capital expenditure: No compatible figures in this window
- Total assets: 11 of 11 periods available· newest 2025-12-31
- Total liabilities: 11 of 11 periods available· newest 2025-12-31
- current assets: No compatible figures in this window
- current liabilities: No compatible figures in this window
- Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
- long term debt: No compatible figures in this window
- Shares outstanding: 11 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
-9.3%Prior period
USD 18.93 billion
–
Current period
USD 17.16 billion
–
Exact inputs and evidence
17164000000 − 18927000000 = -1763000000 USD
18927000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source17164000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
-33%Prior period
USD 5.44 billion
–
Current period
USD 3.65 billion
–
Exact inputs and evidence
3646000000 − 5443000000 = -1797000000 USD
5443000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source3646000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-5.6%Prior period
USD 2.71 billion
–
Current period
USD 2.56 billion
–
Exact inputs and evidence
2555000000 − 2707000000 = -152000000 USD
2707000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source2555000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 17.16 billion 100% of revenue
- Operating costs Derived Unavailable An input is unavailable.
- Operating income Unavailable An input is unavailable.
- Tax, interest and other Derived Unavailable An input is unavailable.
- Net income USD 3.65 billion 21% of revenue
Cash
- Operating cash flow USD 2.56 billion 15% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 12%82%
- 2017 Net income was higher than operating income, so the split is not drawn.
- 2018 13%80%
- 2019 15%80%
- 2020 Net income was higher than operating income, so the split is not drawn.
- 2021 20%77%
- 2022 Net income was higher than operating income, so the split is not drawn.
- 2023 Not shown: operating income or net income is not reported.
- 2024 Not shown: operating income or net income is not reported.
- 2025 Not shown: operating income or net income is not reported.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 22559000000 | 18442000000 Derived | 4117000000 | 1458000000 Derived | 2659000000 | Unavailable | Source
|
| 2017 2017-01-01 – 2017-12-31 | 21667000000 | 17580000000 Derived | 4087000000 | -517000000 Derived | 4604000000 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-31 | 21758000000 | 17404000000 Derived | 4354000000 | 1434000000 Derived | 2920000000 | Unavailable | Source
|
| 2019 2019-01-01 – 2019-12-31 | 22307000000 | 17846000000 Derived | 4461000000 | 1157000000 Derived | 3304000000 | Unavailable | Source
|
| 2020 2020-01-01 – 2020-12-31 | 22147000000 | 17731000000 Derived | 4416000000 | -362000000 Derived | 4778000000 | Unavailable | Source
|
| 2021 2021-01-01 – 2021-12-31 | 21554000000 | 16620000000 Derived | 4934000000 | 703000000 Derived | 4231000000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 19140000000 | 14983000000 Derived | 4157000000 | -261000000 Derived | 4418000000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 18701000000 | Unavailable | Unavailable | Unavailable | 4659000000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 18927000000 | Unavailable | Unavailable | Unavailable | 5443000000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 17164000000 | Unavailable | Unavailable | Unavailable | 3646000000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 17.2B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 22559000000 |
|
| 2017 | Revenue | 21667000000 |
|
| 2018 | Revenue | 21758000000 |
|
| 2019 | Revenue | 22307000000 |
|
| 2020 | Revenue | 22147000000 |
|
| 2021 | Revenue | 21554000000 |
|
| 2022 | Revenue | 19140000000 |
|
| 2023 | Revenue | 18701000000 |
|
| 2024 | Revenue | 18927000000 |
|
| 2025 | Revenue | 17164000000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
-9.3% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | 8.1% |
|
| 2017 | Year over year | -4% |
|
| 2018 | Year over year | 0.4% |
|
| 2019 | Year over year | 2.5% |
|
| 2020 | Year over year | -0.7% |
|
| 2021 | Year over year | -2.7% |
|
| 2022 | Year over year | -11.2% |
|
| 2023 | Year over year | -2.3% |
|
| 2024 | Year over year | 1.2% |
|
| 2025 | Year over year | -9.3% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 21.7% 2022
Net margin 21.2% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | 18.2% |
|
| 2017 | Operating margin | 18.9% |
|
| 2018 | Operating margin | 20% |
|
| 2019 | Operating margin | 20% |
|
| 2020 | Operating margin | 19.9% |
|
| 2021 | Operating margin | 22.9% |
|
| 2022 | Operating margin | 21.7% |
|
| 2023-12-31 | Operating margin | Not reported |
|
| 2024-12-31 | Operating margin | Not reported |
|
| 2025-12-31 | Operating margin | Not reported |
|
| 2016 | Net margin | 11.8% |
|
| 2017 | Net margin | 21.2% |
|
| 2018 | Net margin | 13.4% |
|
| 2019 | Net margin | 14.8% |
|
| 2020 | Net margin | 21.6% |
|
| 2021 | Net margin | 19.6% |
|
| 2022 | Net margin | 23.1% |
|
| 2023 | Net margin | 24.9% |
|
| 2024 | Net margin | 28.8% |
|
| 2025 | Net margin | 21.2% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 2.6B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | 5987000000 |
|
| 2017 | Operating cash flow | 6128000000 |
|
| 2018 | Operating cash flow | 6014000000 |
|
| 2019 | Operating cash flow | 5455000000 |
|
| 2020 | Operating cash flow | 5958000000 |
|
| 2021 | Operating cash flow | 5051000000 |
|
| 2022 | Operating cash flow | 3879000000 |
|
| 2023 | Operating cash flow | 3190000000 |
|
| 2024 | Operating cash flow | 2707000000 |
|
| 2025 | Operating cash flow | 2555000000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
74.7% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Liabilities / assets | 84.2% |
|
| 2017 | Liabilities / assets | 82.1% |
|
| 2018 | Liabilities / assets | 83.3% |
|
| 2019 | Liabilities / assets | 81% |
|
| 2020 | Liabilities / assets | 79.7% |
|
| 2021 | Liabilities / assets | 78.9% |
|
| 2022 | Liabilities / assets | 84.7% |
|
| 2023 | Liabilities / assets | 82.7% |
|
| 2024 | Liabilities / assets | 77.8% |
|
| 2025 | Liabilities / assets | 74.7% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2017-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2018-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2019-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2020-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2021-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2022-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2023-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2024-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2025-12-31 | Current assets / current liabilities | Not reported | No source recorded |
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | USD 2.66 billion Exact valueExact value: 2659000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 5.99 billion Exact valueExact value: 5987000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2017-01-01 – 2017-12-31 | USD 4.6 billion Exact valueExact value: 4604000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 6.13 billion Exact valueExact value: 6128000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2018-01-01 – 2018-12-31 | USD 2.92 billion Exact valueExact value: 2920000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 6.01 billion Exact valueExact value: 6014000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2019-01-01 – 2019-12-31 | USD 3.3 billion Exact valueExact value: 3304000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 5.46 billion Exact valueExact value: 5455000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2020-01-01 – 2020-12-31 | USD 4.78 billion Exact valueExact value: 4778000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 5.96 billion Exact valueExact value: 5958000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2021-01-01 – 2021-12-31 | USD 4.23 billion Exact valueExact value: 4231000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 5.05 billion Exact valueExact value: 5051000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | USD 4.42 billion Exact valueExact value: 4418000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 3.88 billion Exact valueExact value: 3879000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | USD 4.66 billion Exact valueExact value: 4659000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 3.19 billion Exact valueExact value: 3190000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | USD 5.44 billion Exact valueExact value: 5443000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.71 billion Exact valueExact value: 2707000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 3.65 billion Exact valueExact value: 3646000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.56 billion Exact valueExact value: 2555000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
406 filings · 6,793 latest values · 6,793 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0000004977, 4977, AFL, edgar:4977
Also known as AFLAC INC, Aflac Incorporated