Manulife Financial Corporation (MFC) quarterly income statement — complete revenue, gross profit & net income history
Manulife Financial Corporation (MFC) annual income statement — 28-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Revenue | 19.71B | 12.31B | 8.6B | 17.31B | 41.13B | 9.04B | 4.22B | 14.57B | 18.48B | 35.18B | -22.08B | 19.95B | 23.17B | 30.09B | 14.86B | 20.93B | -37.01B | -16.15B | 21.1B | 15.53B |
| Revenue Growth % | -52.08% | 36.11% | 103.98% | 18.78% | 122.56% | -74.29% | 119.1% | -26.96% | -20.24% | 16.91% | -248.64% | -4.68% | 162.6% | 286.26% | -29.6% | 34.74% | -246.37% | -677.76% | 21.39% | 19.67% |
| Medical Costs & Claims | 15.3B | 0 | 2.06B | 13.46B | 37.37B | 6.76B | 357M | -12.28B | 15.44B | 32.4B | -27.43B | 17.32B | 20.33B | 26.92B | 9.77B | 19.22B | -35.47B | -15.59B | 15.92B | 11.39B |
| Medical Cost Ratio % | 77.63% | 0% | 23.99% | 77.76% | 90.86% | 74.79% | 8.46% | -84.28% | 83.58% | 92.1% | 124.22% | 86.81% | 87.75% | 89.46% | 65.79% | 91.84% | 95.84% | 96.53% | 75.47% | 73.36% |
| Gross Profit | 4.41B | 12.31B | 6.54B | 3.85B | 3.76B | 2.28B | 3.86B | 26.85B | 3.04B | 2.78B | 5.35B | 2.63B | 2.84B | 3.17B | 5.08B | 1.71B | -1.54B | -560M | 5.18B | 4.14B |
| Gross Margin % | 22.37% | 100% | 76.01% | 22.24% | 9.14% | 25.21% | 91.54% | 184.28% | 16.42% | 7.9% | -24.22% | 13.19% | 12.25% | 10.54% | 34.21% | 8.16% | 4.16% | 3.47% | 24.53% | 26.64% |
| Gross Profit Growth % | 17.27% | 439.9% | 69.39% | -85.67% | 23.86% | -17.93% | -27.79% | 920.29% | 6.9% | -12.42% | 5.21% | 54.19% | 284.47% | 666.43% | -1.84% | -58.76% | -126.38% | -116.07% | -34.05% | -13.64% |
| Operating Expenses | 1.64B | 10.84B | 4.63B | 1.62B | 1.5B | 1.58B | 1.75B | 24.51B | 1.65B | 1.53B | 3.22B | 1.46B | 1.4B | 1.45B | 2.94B | 1.22B | 1.12B | 1.1B | 2.7B | 2.66B |
| OpEx / Revenue % | 8.3% | 88.06% | 53.87% | 9.36% | 3.64% | 17.48% | 41.44% | 168.22% | 8.93% | 4.34% | -14.6% | 7.31% | 6.06% | 4.83% | 19.79% | 5.84% | -3.02% | -6.83% | 12.78% | 17.12% |
| Depreciation & Amortization | -604M | 250.65M | 231.81M | -484M | -411M | -428M | -195M | -447M | -419M | -446M | -442M | -335M | -331M | -309M | 138M | -325M | -386M | -443M | 130M | 131M |
| Combined Ratio % | 85.93% | 88.06% | 77.86% | 87.12% | 94.5% | 92.27% | 49.91% | 83.93% | 92.51% | 96.44% | 109.62% | 94.12% | 93.8% | 94.29% | 85.58% | 97.69% | 92.82% | 89.71% | 88.24% | 90.47% |
| Operating Income | 2.77B | 1.47B | 1.91B | 2.23B | 2.26B | 699M | 2.11B | 2.34B | 1.38B | 1.25B | 2.12B | 1.17B | 1.44B | 1.72B | 2.14B | 484M | -2.66B | -1.66B | 2.48B | 1.48B |
| Operating Margin % | 14.07% | 11.94% | 22.14% | 12.88% | 5.5% | 7.73% | 50.09% | 16.07% | 7.49% | 3.56% | -9.62% | 5.88% | 6.2% | 5.71% | 14.42% | 2.31% | 7.18% | 10.29% | 11.76% | 9.53% |
| Operating Income Growth % | 22.6% | 110.27% | -9.84% | -4.78% | 63.37% | -44.17% | -0.47% | 99.4% | -3.62% | -27.17% | -0.89% | 142.56% | 154.07% | 203.37% | -13.66% | -67.3% | -180.68% | -290.71% | 20.15% | -31.8% |
| EBITDA | 2.17B | 1.72B | 2.14B | 1.75B | 1.85B | 271M | 1.92B | 1.89B | 965M | 806M | 1.68B | 839M | 1.1B | 1.41B | 2.28B | 159M | -3.04B | -2.11B | 2.61B | 1.61B |
| EBITDA Margin % | 11% | 13.98% | 24.84% | 10.08% | 4.5% | 3% | 45.47% | 13% | 5.22% | 2.29% | -7.61% | 4.21% | 4.77% | 4.69% | 15.35% | 0.76% | 8.22% | 13.04% | 12.37% | 10.37% |
| Interest Expense | 388M | 390.01M | 405M | 388M | 359.75M | 376.82M | 419.72M | 410.33M | 425.71M | 424.74M | 390.03M | 414.69M | 380.77M | 367.02M | 334.04M | 306.08M | 232.94M | 171.76M | 241.83M | 261.66M |
| Non-Operating Income | -388M | -390.01M | -405M | -388M | -358M | -379M | -420M | -411M | -426M | -424M | -390M | -416M | -381M | -367M | -416M | -309M | -233M | -172M | -240M | -262M |
| Pretax Income | 2.77B | 1.47B | 1.91B | 2.23B | 2.26B | 699M | 2.11B | 2.34B | 1.38B | 1.25B | 2.12B | 1.17B | 1.44B | 1.72B | 2.14B | 484M | -2.66B | -1.66B | 2.48B | 1.48B |
| Pretax Margin % | 14.07% | 11.94% | 22.14% | 12.88% | 5.5% | 7.73% | 50.09% | 16.07% | 7.49% | 3.56% | -9.62% | 5.88% | 6.2% | 5.71% | 14.42% | 2.31% | 7.18% | 10.29% | 11.76% | 9.53% |
| Income Tax | 454M | 230.59M | 310M | 310M | 338M | 76M | 406M | 274M | 252M | 280M | 322M | -51M | 265M | 309M | 166M | 60M | -553M | -440M | 430M | 166M |
| Effective Tax Rate % | 16.38% | 15.69% | 16.27% | 13.91% | 14.95% | 10.87% | 19.21% | 11.7% | 18.21% | 22.36% | 15.17% | -4.34% | 18.45% | 17.98% | 7.75% | 12.4% | 20.82% | 26.46% | 17.33% | 11.22% |
| Net Income | 2.18B | 1.2B | 1.56B | 1.79B | 1.87B | 557M | 1.69B | 1.94B | 1.09B | 917M | 1.76B | 1.2B | 1.15B | 1.36B | 1.97B | 390M | -2.15B | -1.23B | 2.02B | 1.27B |
| Net Margin % | 11.07% | 9.72% | 18.15% | 10.34% | 4.56% | 6.16% | 39.95% | 13.29% | 5.92% | 2.61% | -7.98% | 6.02% | 4.94% | 4.51% | 13.25% | 1.86% | 5.82% | 7.58% | 9.57% | 8.15% |
| Net Income Growth % | 16.38% | 114.74% | -7.3% | -7.59% | 71.45% | -39.26% | -4.37% | 61.33% | -4.54% | -32.37% | -10.51% | 207.69% | 153.13% | 210.69% | -2.48% | -69.19% | -182.95% | -258.27% | 13.17% | -24.28% |
| EPS (Diluted) | 1.20 | 0.64 | 0.82 | 1.02 | 0.98 | 0.25 | 0.86 | 1.00 | 0.52 | 0.45 | 0.86 | 0.52 | 0.50 | 0.73 | 0.95 | 0.23 | -1.13 | -0.66 | 1.03 | 0.80 |
| EPS Growth % | 22.45% | 156% | -4.65% | 2% | 88.46% | -44.44% | 0% | 92.31% | 4% | -38.36% | -9.47% | 126.09% | 144.25% | 210.61% | -7.77% | -71.25% | -184.96% | -273.68% | 15.73% | -23.08% |
| EPS (Basic) | 1.20 | 0.64 | 0.82 | 1.03 | 0.99 | 0.25 | 0.87 | 1.01 | 0.53 | 0.45 | 0.86 | 0.53 | 0.50 | 0.73 | 0.95 | 0.23 | -1.13 | -0.66 | 1.04 | 0.80 |
| Diluted Shares Outstanding | 1.67B | 1.71B | 1.71B | 1.7B | 1.72B | 1.73B | 1.78B | 1.78B | 1.8B | 1.81B | 1.88B | 1.88B | 1.88B | 1.88B | 1.88B | 1.9B | 1.92B | 1.94B | 1.95B | 1.95B |