Filing Flows › Aflac (AFL) › Q3 2025
Aflac (AFL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Aflac (AFL) reported revenue of $4.7B for the third quarter 2025 (Q3 2025), +61% from a year earlier and +14% from the quarter before. Operating margin was 42.1%, net earnings $1.6B (34.6% of revenue).
Aflac, Q3 2025: revenue $4.7B (+61% year over year), operating margin 42.1%, net earnings $1.6B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | +14% | +61% |
| Operating profit | $2.0B | +143% | 22× |
| Net earnings | $1.6B | +174% | — |
| Operating cash flow | $1.3B | +214% | -1% |
What changed
Revenue was $4.7B in Q3 2025, up 61% year over year and up 14% from the previous quarter.
Operating profit was $2.0B, a 42.1% margin (up 38.9 points year over year). Of the extra revenue versus a year earlier, 106% reached operating profit, above the 3% margin then. Total costs fell 4% while revenue rose 61%. Net earnings were $1.6B. The effective tax rate was 17.8%.
Operating cash flow was $1.3B (down 1% year over year), 76% of net earnings. Working capital and other items used $0.39B.
Questions
What was Aflac's revenue in the third quarter 2025?
Aflac (AFL) reported revenue of $4.7B for the third quarter 2025 (Q3 2025), +61% from a year earlier and +14% from the quarter before.
Was Aflac profitable in the third quarter 2025?
Operating profit was $2.0B (42.1% of revenue) and net earnings $1.6B.
Source: Aflac 10-Q on SEC EDGAR.