Filing Flows › Aflac (AFL) › Q2 2025
Aflac (AFL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Aflac (AFL) reported revenue of $4.2B for the second quarter 2025 (Q2 2025), -19% from a year earlier and +22% from the quarter before. Operating margin was 19.8%, net earnings $599M (14.4% of revenue).
Aflac, Q2 2025: revenue $4.2B (-19% year over year), operating margin 19.8%, net earnings $599M, operating cash flow $399M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2B | +22% | -19% |
| Operating profit | $822M | +467% | -59% |
| Net earnings | $599M | 21× | -66% |
| Operating cash flow | $399M | -32% | +56% |
What changed
Revenue was $4.2B in Q2 2025, down 19% year over year and up 22% from the previous quarter.
Operating profit was $0.82B, a 19.8% margin (down 19.5 points year over year). Total costs grew 7% against a revenue fall of 19%. The fastest-growing cost line was SG&A (+16%). Net earnings were $0.60B, down 66% year over year. The effective tax rate was 27.1%.
Operating cash flow was $0.40B (up 56% year over year), 67% of net earnings. Working capital and other items used $0.20B.
Questions
What was Aflac's revenue in the second quarter 2025?
Aflac (AFL) reported revenue of $4.2B for the second quarter 2025 (Q2 2025), -19% from a year earlier and +22% from the quarter before.
Was Aflac profitable in the second quarter 2025?
Operating profit was $822M (19.8% of revenue) and net earnings $599M.
Source: Aflac 10-Q on SEC EDGAR.