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Aflac (AFL) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Aflac (AFL) Q3 2026 earnings results →
Q3 2026 Revenue down 31% year over year to $3.3B · 9¢ of every $1 of revenue kept as net profit · operating margin 15.3%
Aflac made $3.3B in Q3 2026 (-31% Y/Y). Operating margin 15.3%, net earnings $303M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $3.3B in Q3 2026, down 31% year over year and down 21% from the previous quarter.
Operating profit was $0.50B, a 15.3% margin (down 26.8 points year over year). Total costs grew 1% against a revenue fall of 31%. Net earnings were $0.30B, down 82% year over year. The effective tax rate was 39.4%.
Operating cash flow was $1.2B (down 4% year over year), 395% of net earnings. Working capital and other items added $0.89B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $3.3B | -31% | 15.3% | $303M | $1.2B |
| Q2 2026 | 10-Q | Aug 7, 2026 | $4.1B | -1% | 24.2% | $825M | $112M |
| Q1 2026 | 10-Q | May 6, 2026 | $4.3B | +28% | 28.2% | $1.0B | $968M |
| Q4 2025 | 10-K | Feb 25, 2026 | $4.9B | -10% | 32.3% | $1.4B | $315M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $4.7B | +61% | 42.1% | $1.6B | $1.3B |
| Q2 2025 | 10-Q | Aug 5, 2025 | $4.2B | -19% | 19.8% | $599M | $399M |
| Q1 2025 | 10-Q | May 7, 2025 | $3.4B | -38% | 4.3% | $29.0M | $589M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Aflac
(1) Unless specifically noted, the respective executive officer has held the occupation(s) set forth in the table for at least the last five years. Each executive officer is appointed annually by the board of directors and serves until his or her successor is chosen and qualified, or until his or her death, resignation or removal.
In its own words, from its 10-K, filed Feb 25, 2026.
Aflac against its Accident & Health Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -31% against the peers' median -9%. Operating margin: 15.3% against the peers' median 15.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AFL Aflac | Q3 2026 | $3.3B | -31% | 15.3% |
| PFG Principal Financial Group | Q3 2026 | $4.6B | +25% | 18.2% |
| UNM Unum | Q3 2026 | $2.5B | -25% | -21.6% |
| CNO CNO Financial Group | Q3 2026 | $1.1B | -9% | 20.3% |
| PRCH Porch Group | Q3 2026 | $144M | +13% | 12.6% |
Source: Aflac 10-Q on SEC EDGAR · CIK 4977 · Accident & Health Insurance
Guidance and outlook
13F: who owns AFL and who is buying
More on AFL
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results