15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $17.2B | $3.6B | 0.0% | 0.0% | — | — | $6.2B |
| 2024 | $18.9B | $5.4B | 0.0% | 0.0% | — | — | $6.2B |
| 2023 | $18.7B | $4.7B | 0.0% | 0.0% | — | — | $4.3B |
| 2022 | $19.1B | $4.4B | 0.0% | 21.7% | — | — | $3.9B |
| 2021 | $21.6B | $4.2B | 0.0% | 22.9% | — | — | $5.1B |
| 2020 | $22.1B | $4.8B | 0.0% | 19.9% | — | — | $5.1B |
| 2019 | $22.3B | $3.3B | 0.0% | 20.0% | — | — | $4.9B |
| 2018 | $21.8B | $2.9B | 0.0% | 20.0% | — | — | $4.3B |
| 2017 | $21.7B | $4.6B | 0.0% | 18.9% | — | — | $3.5B |
| 2016 | $22.6B | $2.7B | 0.0% | 18.2% | — | — | $4.9B |
| 2015 | $20.9B | $2.5B | 0.0% | 19.2% | — | — | $4.3B |
| 2014 | $22.7B | $3.0B | 0.0% | 18.7% | — | — | $4.7B |
| 2013 | $23.9B | $3.2B | 0.0% | 18.4% | — | — | $2.5B |
| 2012 | $25.4B | $2.9B | 0.0% | 18.4% | — | — | $2.0B |
| 2011 | $22.2B | $1.9B | 0.0% | 20.3% | — | — | $2.2B |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $4.3B | $1.0B | 0.0% | 0.0% | — | — | $5.7B |
| Dec '25 | $4.9B | $1.4B | 0.0% | 0.0% | — | — | $6.2B |
| Sep '25 | $4.7B | $1.6B | 0.0% | 0.0% | — | — | $6.8B |
| Jun '25 | $4.2B | $599M | 0.0% | 0.0% | — | — | $7.0B |
| Mar '25 | $3.4B | $29M | 0.0% | 0.0% | — | — | $5.2B |
| Dec '24 | $5.4B | $1.9B | 0.0% | 0.0% | — | — | $6.2B |
| Sep '24 | $2.9B | -$93M | 0.0% | 0.0% | — | — | $5.6B |
| Jun '24 | $5.1B | $1.8B | 0.0% | 0.0% | — | — | $6.1B |
| Mar '24 | $5.4B | $1.9B | 0.0% | 0.0% | — | — | $5.1B |
| Dec '23 | $3.8B | $268M | 0.0% | 0.0% | — | — | $4.3B |
| Sep '23 | $5.0B | $1.6B | 0.0% | 26.2% | — | — | $5.5B |
| Jun '23 | $5.2B | $1.6B | 0.0% | 22.0% | — | — | $4.7B |
| Mar '23 | $4.8B | $1.2B | 0.0% | 23.6% | — | — | $3.8B |
| Dec '22 | $3.9B | $196M | 0.0% | 25.4% | — | — | $3.9B |
| Sep '22 | $4.7B | $1.8B | 0.0% | 23.5% | — | — | $4.7B |
| Jun '22 | $5.3B | $1.4B | 0.0% | 21.5% | — | — | $5.2B |
| Mar '22 | $5.2B | $1.0B | 0.0% | 22.4% | — | — | $4.3B |
| Dec '21 | $5.4B | $1.0B | 0.0% | 18.3% | — | — | $5.1B |
| Sep '21 | $5.2B | $888M | 0.0% | 24.7% | — | — | $6.2B |
| Jun '21 | $5.6B | $1.1B | 0.0% | 24.1% | — | — | $5.5B |
How the market has priced AFL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Aflac's revenue has declined 5.0% per year, and net income declined 5.3% per year. These are computed facts, not advice.
As of FY2025, Aflac reported — of total debt against $6.2B of cash.
In FY2025, gross margin was —, operating margin —, and net margin 21.2%.
As of Jun '26, Aflac traded at a price-to-earnings ratio of about 16.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.