12 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 →
Growth & profitability
Revenue has grown 11.7% per year over the past 5 years.
Net income has grown in line with revenue (12.0% vs 11.7% per year).
Financial health
The company holds more cash ($16.9B) than total debt ($7.8B).
Total debt has grown faster than revenue (31.8% vs 11.7% per year).
Shareholder returns
Dividends have been paid for 4 consecutive years, consuming 27.7% of earnings.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$25.7B
$2.7B
0.0%
0.0%
—
$7.8B
$16.9B
2024
$20.7B
$3.5B
0.0%
0.0%
—
$6.3B
$14.3B
2023
$28.2B
$4.7B
0.0%
0.0%
—
$4.2B
$14.9B
2022
$7.6B
-$2.9B
0.0%
0.0%
—
$3.7B
$8.8B
2021
$26.3B
$3.9B
0.0%
0.0%
—
$3.0B
$10.4B
2020
$14.8B
$1.5B
0.0%
0.0%
—
$2.0B
$8.4B
2019
$16.3B
$2.2B
0.0%
0.0%
—
$1.5B
$4.6B
2018
$6.6B
$1.1B
0.0%
0.0%
—
—
$3.4B
2017
$8.8B
$1.4B
0.0%
0.0%
—
—
$5.0B
2016
$4.1B
$773M
0.0%
0.0%
—
—
$2.5B
2015
$2.6B
$562M
0.0%
0.0%
—
—
$2.8B
2014
$4.1B
$456M
0.0%
0.0%
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$3.7B
-$1.9B
0.0%
0.0%
—
$7.8B
$19.3B
Dec '25
$8.1B
$523M
0.0%
0.0%
—
$7.8B
$16.9B
Sep '25
$8.0B
$1.3B
0.0%
0.0%
—
$7.9B
$18.0B
Jun '25
$5.4B
$464M
0.0%
0.0%
—
$7.9B
$12.2B
Mar '25
$4.2B
$465M
0.0%
0.0%
—
$6.3B
$13.4B
Dec '24
$3.8B
$1.0B
0.0%
0.0%
—
$6.3B
$14.3B
Sep '24
$6.5B
$625M
0.0%
0.0%
—
$5.7B
$14.9B
Jun '24
$4.7B
$629M
0.0%
0.0%
—
$5.7B
$14.7B
Mar '24
$5.7B
$1.2B
0.0%
0.0%
—
$5.7B
$16.9B
Dec '23
$10.0B
$3.0B
0.0%
0.0%
—
$4.2B
$14.9B
Sep '23
$1.4B
$486M
0.0%
0.0%
—
$3.6B
$11.4B
Jun '23
$12.7B
$441M
0.0%
0.0%
—
$3.6B
$12.9B
Mar '23
$4.1B
$768M
0.0%
0.0%
—
$3.6B
$15.6B
Dec '22
$3.8B
$397M
0.0%
0.0%
—
$3.7B
$8.8B
Sep '22
$2.3B
-$587M
0.0%
0.0%
—
$3.3B
$11.3B
Jun '22
$1.8B
-$1.7B
0.0%
0.0%
—
$3.3B
$12.1B
Mar '22
-$281M
-$1.0B
0.0%
0.0%
—
$3.3B
$9.9B
Dec '21
$6.8B
$1.1B
0.0%
0.0%
—
$3.0B
$10.4B
Sep '21
$8.7B
$733M
0.0%
0.0%
—
$2.5B
$8.5B
Jun '21
$6.4B
$1.4B
0.0%
0.0%
—
$2.5B
$8.7B
Valuation over time
How the market has priced ATHS against its own fundamentals since 2024-03 —
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.
The price-to-sales ratio has risen from 0.0× (Mar '24) to 0.0× (Jun '26).
The dividend yield has fallen from 18065.0% (Mar '24) to 15140.8% (Jun '26).
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is ATHS growing its revenue and profit?
Over the past 5 years, Athene Holding Ltd.'s revenue has grown 11.7% per year, and net income grown 12.0% per year. These are computed facts, not advice.
How much debt does ATHS have?
As of FY2025, Athene Holding Ltd. reported $7.8B of total debt against $16.9B of cash.
What is ATHS's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 10.6%.
Where does this data come from?
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.