Aflac Incorporated (AFL) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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AFL EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
AFL Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 38.9% | 26.6% | 20.9% |
| 2024 | 35.6% | 33.5% | 28.5% |
| 2023 | 100.0% | 27.9% | 24.7% |
| 2022 | 100.0% | 25.4% | 23.1% |
| 2021 | 100.0% | 24.2% | 19.6% |
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Aflac Incorporated (AFL) Earnings Overview
As of May 8, 2026, Aflac Incorporated (AFL) reported trailing twelve-month net income of $3.65B, reflecting -29.1% year-over-year growth. The company earned $6.85 per diluted share over the past four quarters, with a net profit margin of 20.9%.
Looking at the long-term picture, AFL's 5-year EPS compound annual growth rate (CAGR) stands at +0.5%, reflecting modest earnings expansion. The company achieved its highest annual net income of $5.44B in fiscal 2024.
Aflac Incorporated maintains industry-leading profitability with a gross margin of 38.9%, operating margin of 26.6%, and net margin of 20.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including MET ($3.62B net income, 4.4% margin), PRU ($3.48B net income, 5.9% margin), UNM ($781M net income, 5.7% margin), AFL has outperformed on profitability metrics. Compare AFL vs MET →
AFL Earnings vs Peers
Earnings metrics vs comparable public companies
AFL Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.65B | -33.0% | $4.64B | $6.83 | 20.9% | 26.6% |
| 2024 | $5.44B | +16.8% | $6.42B | $9.63 | 28.5% | 33.5% |
| 2023 | $4.66B | +5.5% | $5.26B | $7.78 | 24.7% | 27.9% |
| 2022 | $4.42B | +4.4% | $4.87B | $6.93 | 23.1% | 25.4% |
| 2021 | $4.23B | -11.4% | $5.21B | $6.39 | 19.6% | 24.2% |
| 2020 | $4.78B | +44.6% | $4.16B | $6.67 | 21.5% | 18.7% |
| 2019 | $3.30B | +13.2% | $4.45B | $4.43 | 14.9% | 20.0% |
| 2018 | $2.92B | -36.6% | $3.98B | $3.77 | 13.5% | 18.3% |
| 2017 | $4.60B | +73.1% | $4.02B | $5.48 | 21.3% | 18.6% |
| 2016 | $2.66B | +5.0% | $4.07B | $3.21 | 11.8% | 18.1% |
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Start ComparisonAFL — Frequently Asked Questions
Quick answers to the most common questions about buying AFL stock.
Is AFL growing earnings?
AFL EPS fell to $6.85, with earnings declining -29.1%. This contrasts with the 5-year CAGR of +0.5%. TTM net income dropped to $3.6B.
What are AFL's profit margins?
Aflac Incorporated net margin is +20.9%, with operating margin at +26.6%. Above-average margins indicate pricing power.
How consistent are AFL's earnings?
AFL earnings data spans 1989-2025. The declining earnings trend is -29.1% YoY. Historical data enables comparison across business cycles.