AFLAC INC AFL
Last close
117.21
2026-09-04
Market cap
$58.76B
2026-06-30 share count
52-week range
104.66 - 130.22
Valuation FY2025 figures against the last close
P/S3.4x
P/E17.2x
P/FCF23.0x
EV/EBITDA—
Dividend yield2.0%
Diluted EPS6.82
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.16B | $18.93B | $18.70B | $19.14B | $21.55B | $22.15B | $22.31B | $21.76B | $21.67B | $22.56B |
| SG&A | $3.25B | $3.01B | $3.17B | $3.25B | $3.54B | $3.42B | $3.09B | $2.99B | $2.78B | $2.80B |
| Total operating expenses | $5.34B | $5.06B | $5.23B | $5.38B | $5.87B | $6.19B | $5.92B | — | — | — |
| Operating income | — | — | — | $4.16B | $4.93B | $4.42B | $4.46B | $4.35B | $4.09B | $4.12B |
| Interest expense | — | — | $195.0M | $226.0M | $238.0M | $242.0M | $228.0M | $222.0M | $240.0M | $268.0M |
| Pre-tax income | $4.53B | $6.42B | $5.26B | $4.87B | $5.21B | $4.16B | $4.45B | $3.98B | $4.02B | $4.07B |
| Income tax | $887.0M | $974.0M | $603.0M | $451.0M | $977.0M | $619.0M | $1.14B | $1.06B | $586.0M | $1.41B |
| Net income | $3.65B | $5.44B | $4.66B | $4.42B | $4.23B | $4.78B | $3.30B | $2.92B | $4.60B | $2.66B |
| EPS, basic | 6.84 | 9.68 | 7.81 | 6.96 | 6.28 | 6.69 | 4.45 | 3.79 | 5.81 | 3.23 |
| EPS, diluted | 6.82 | 9.63 | 7.78 | 6.93 | 6.25 | 6.67 | 4.43 | 3.77 | 5.77 | 3.21 |
| Shares, diluted (wtd. avg.) | $534.9M | $565.0M | $598.7M | $637.7M | $676.7M | $716.2M | $746.4M | $774.6M | $797.9M | $827.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $6.25B | $6.23B | $4.31B | $3.94B | $5.05B | $5.14B | $4.90B | $4.34B | $3.49B | $4.86B |
| Property, plant and equipment | $351.0M | $387.0M | $445.0M | $530.0M | $538.0M | $601.0M | $581.0M | $443.0M | $434.0M | $433.0M |
| Goodwill | $260.0M | $263.0M | $265.0M | $265.0M | $268.0M | $269.0M | $140.0M | — | — | — |
| Total assets | $116.47B | $117.57B | $126.72B | $131.74B | $157.54B | $165.09B | $152.77B | $140.41B | $137.22B | $129.82B |
| Total liabilities | $86.98B | $91.47B | $104.74B | $111.60B | $124.29B | $131.53B | $123.81B | $116.94B | $112.62B | $109.34B |
| Retained earnings | $54.68B | $52.28B | $47.99B | $44.37B | $41.38B | $37.98B | $34.29B | $31.79B | $29.89B | $25.98B |
| Total equity | $29.49B | $26.10B | $21.98B | $20.14B | $17.03B | $33.56B | $28.96B | $23.46B | $24.60B | $20.48B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.56B | $2.71B | $3.19B | $3.88B | $5.05B | $5.96B | $5.46B | $6.01B | $6.13B | $5.99B |
| Investing cash flow | $1.56B | $2.78B | $817.0M | -$1.54B | -$2.38B | -$4.62B | -$3.17B | -$3.58B | -$5.43B | -$3.85B |
| Financing cash flow | -$4.07B | -$3.49B | -$3.72B | -$3.55B | -$2.74B | -$1.11B | -$1.71B | -$1.62B | -$2.06B | -$1.62B |
| Dividends paid | $1.20B | $1.09B | $966.0M | $979.0M | $855.0M | $769.0M | $771.0M | $793.0M | $661.0M | $658.0M |
| Buybacks | $3.53B | $2.80B | $2.80B | $2.40B | $2.30B | $1.54B | $1.63B | $1.30B | $1.35B | $1.42B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-011402.
Others in SIC 6321
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| PFG | PRINCIPAL FINANCIAL GROUP INC | $25.20B | 22.2x | -3.1% |
| UNM | Unum Group | $15.17B | 22.4x | 1.5% |
| CNO | CNO Financial Group, Inc. | $5.25B | 24.7x | 0.9% |