Filing Flows › Aflac (AFL) › How it makes money
How Aflac (AFL) makes money
Aflac (AFL) made $3.3B of revenue in the third quarter 2026 (Q3 2026), -31% from a year earlier. Of every dollar of revenue, 15¢ was left as operating profit, 9¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $3.3B | 100.0% |
| Operating profit | $500M | 15.3% |
| Income tax | $197M | 6.0% |
| Net earnings | $303M | 9.3% |
| Operating cash flow | $1.2B | 36.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $3.3B | -31% |
| Q2 2026 | $4.1B | -1% |
| Q1 2026 | $4.3B | +28% |
| Q4 2025 | $4.9B | -10% |
| Q3 2025 | $4.7B | +61% |
| Q2 2025 | $4.2B | -19% |
| Q1 2025 | $3.4B | -38% |
From Aflac's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Aflac make money?
Aflac (AFL) made $3.3B of revenue in the third quarter 2026 (Q3 2026), -31% from a year earlier. Of every dollar of revenue, 15¢ was left as operating profit, 9¢ was left as net earnings.
What is Aflac's profit margin?
Net earnings were $303M, 9.3% of revenue, in the third quarter 2026; the operating margin was 15.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.