Filing Flows › Aflac (AFL) › Q1 2026
Aflac (AFL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Aflac (AFL) reported revenue of $4.3B for the first quarter 2026 (Q1 2026), +28% from a year earlier and -11% from the quarter before. Operating margin was 28.2%, net earnings $1.0B (23.4% of revenue).
Aflac, Q1 2026: revenue $4.3B (+28% year over year), operating margin 28.2%, net earnings $1.0B, operating cash flow $968M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.3B | -11% | +28% |
| Operating profit | $1.2B | -22% | +745% |
| Net earnings | $1.0B | -26% | 35× |
| Operating cash flow | $968M | +207% | +64% |
What changed
Revenue was $4.3B in Q1 2026, up 28% year over year and down 11% from the previous quarter.
Operating profit was $1.2B, a 28.2% margin (up 23.9 points year over year). Of the extra revenue versus Q1 2025, 114% reached operating profit, above the 4% margin then. Total costs fell 4% while revenue rose 28%. Net earnings were $1.0B, up 3414% year over year. The effective tax rate was 16.8%.
Operating cash flow was $1.0B (up 64% year over year), 95% of net earnings. Working capital and other items used $0.05B.
Questions
What was Aflac's revenue in the first quarter 2026?
Aflac (AFL) reported revenue of $4.3B for the first quarter 2026 (Q1 2026), +28% from a year earlier and -11% from the quarter before.
Was Aflac profitable in the first quarter 2026?
Operating profit was $1.2B (28.2% of revenue) and net earnings $1.0B.
Source: Aflac 10-Q on SEC EDGAR.