Filing Flows › Aflac (AFL) › Q4 2025
Aflac (AFL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Aflac (AFL) reported revenue of $4.9B for the fourth quarter 2025 (Q4 2025), -10% from a year earlier and +3% from the quarter before. Operating margin was 32.3%, net earnings $1.4B (28.3% of revenue).
Aflac, Q4 2025: revenue $4.9B (-10% year over year), operating margin 32.3%, net earnings $1.4B, operating cash flow $315M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.9B | +3% | -10% |
| Operating profit | $1.6B | -21% | -26% |
| Net earnings | $1.4B | -16% | -27% |
| Operating cash flow | $315M | -75% | -5% |
What changed
Revenue was $4.9B in Q4 2025, down 10% year over year and up 3% from the previous quarter.
Operating profit was $1.6B, a 32.3% margin (down 7.2 points year over year). Total costs grew 1% against a revenue fall of 10%. Net earnings were $1.4B, down 27% year over year. The effective tax rate was 12.3%.
Operating cash flow was $0.32B (down 5% year over year), 23% of net earnings. Working capital and other items used $1.1B.
Questions
What was Aflac's revenue in the fourth quarter 2025?
Aflac (AFL) reported revenue of $4.9B for the fourth quarter 2025 (Q4 2025), -10% from a year earlier and +3% from the quarter before.
Was Aflac profitable in the fourth quarter 2025?
Operating profit was $1.6B (32.3% of revenue) and net earnings $1.4B.
Source: Aflac 10-K on SEC EDGAR.