Manulife Financial Corporation (MFC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MFC Revenue Growth
Revenue Breakdown (FY 2022)
MFC's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
By Geography
MFC Revenue Analysis (2014–2025)
As of May 8, 2026, Manulife Financial Corporation (MFC) generated trailing twelve-month (TTM) revenue of $83.02 billion, reflecting explosive growth of +268.5% year-over-year. The most recent quarter (Q4 2025) recorded $15.54 billion in revenue, down 10.2% sequentially.
Looking at the longer-term picture, MFC's 5-year compound annual growth rate (CAGR) stands at -4.6%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $77.82 billion in 2019.
Revenue diversification analysis shows MFC's business is primarily driven by Real estate management services (100%). With over half of revenue concentrated in Real estate management services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including SLF (+21.4% YoY), MET (+6.1% YoY), and PRU (+1.9% YoY), MFC has outperformed the peer group in terms of revenue growth. Compare MFC vs SLF →
MFC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MFCCurrent | $83.0B | +268.5% | -4.6% | 11.6% | |
 SLF | $42.2B | +21.4% | -0.5% | 11.4% | |
 MET | $77.1B | +6.1% | +2.6% | 6.0% | |
 PRU | $60.8B | +1.9% | +1.3% | 7.9% | |
 LNC | $18.2B | +1.6% | +0.7% | 7.3% | |
 UNM | $13.1B | +4.8% | -0.1% | 7.2% |
MFC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $61.05B | +937.7% | $61.05B | 100.0% | $7.09B | 11.6% |
| 2024 | $-7,288,000,000 | -3.6% | $13.63B | -187.0% | $7.09B | -97.3% |
| 2023 | $-7,037,000,000 | -129.1% | $10.68B | -151.8% | $6.45B | -91.7% |
| 2022 | $24.16B | -59.6% | $1.64B | 6.8% | $-3,138,000,000 | -13.0% |
| 2021 | $59.84B | -22.4% | $18.64B | 31.1% | $8.13B | 13.6% |
| 2020 | $77.12B | -0.9% | $17.25B | 22.4% | $6.77B | 8.8% |
| 2019 | $77.82B | +108.8% | $17.06B | 21.9% | $6.22B | 8.0% |
| 2018 | $37.26B | -34.2% | $16.97B | 45.5% | $5.52B | 14.8% |
| 2017 | $56.65B | +9.6% | $12.32B | 21.7% | $2.50B | 4.4% |
| 2016 | $51.69B | +57.5% | $12.85B | 24.9% | $3.33B | 6.4% |
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Start ComparisonMFC — Frequently Asked Questions
Quick answers to the most common questions about buying MFC stock.
Is MFC's revenue growth accelerating or slowing?
MFC revenue is accelerating at +268.5% year-over-year, exceeding the 5-year CAGR of -4.6%. TTM revenue reached $83.0B. Growth momentum has increased versus prior periods.
What is MFC's long-term revenue growth rate?
Manulife Financial Corporation's 5-year revenue CAGR of -4.6% reflects the sustained expansion pattern. Current YoY growth of +268.5% is above this long-term average.
How is MFC's revenue distributed by segment?
MFC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.