AFLAC INC AFL

Financials SIC 6321 - Accident & Health Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Life, Health, and Medical Insurance Carriers › Direct Health and Medical Insurance Carriers derived NYSE

Last close 120.51 2026-10-23
Market cap $60.42B 2026-06-30 share count
52-week range 105.43 - 130.22

Valuation FY2025 figures against the last close

P/S3.5x
P/E17.7x
P/FCF23.6x
EV/EBITDA—
Dividend yield2.0%
Diluted EPS6.82

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 6.849.687.816.966.286.694.453.795.813.23
EPS, diluted 6.829.637.786.936.256.674.433.775.773.21
Shares, diluted (wtd. avg.) 534.9M565.0M598.7M637.7M676.7M716.2M746.4M774.6M797.9M827.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B Revenue, FY2016: 22.6B Net income, FY2016: 2.7B Revenue, FY2017: 21.7B Net income, FY2017: 4.6B Revenue, FY2018: 21.8B Net income, FY2018: 2.9B Revenue, FY2019: 22.3B Net income, FY2019: 3.3B Revenue, FY2020: 22.1B Net income, FY2020: 4.8B Revenue, FY2021: 21.6B Net income, FY2021: 4.2B Revenue, FY2022: 19.1B Net income, FY2022: 4.4B Revenue, FY2023: 18.7B Net income, FY2023: 4.7B Revenue, FY2024: 18.9B Net income, FY2024: 5.4B Revenue, FY2025: 17.2B Net income, FY2025: 3.6B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $22.56B $21.67B $21.76B $22.31B $22.15B $21.55B $19.14B $18.70B $18.93B $17.16B
Gross profit — — — — — — — — — —
Net income $2.66B $4.60B $2.92B $3.30B $4.78B $4.23B $4.42B $4.66B $5.44B $3.65B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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