Filing Flows › Athene Holding (ATH-PA) › Q4 2025
Athene Holding (ATH-PA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Athene Holding (ATH-PA) reported revenue of $8.1B for the fourth quarter 2025 (Q4 2025), +115% from a year earlier and +2% from the quarter before. Operating margin was 16.9%, net earnings $523M (6.4% of revenue).
Athene Holding, Q4 2025: revenue $8.1B (+115% year over year), operating margin 16.9%, net earnings $523M, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.1B | +2% | +115% |
| Operating profit | $1.4B | -36% | +20% |
| Net earnings | $523M | -58% | -48% |
| Operating cash flow | $3.0B | +378% | +688% |
What changed
Revenue was $8.1B in Q4 2025, up 115% year over year and up 2% from the previous quarter.
Operating profit was $1.4B, a 16.9% margin (down 13.5 points year over year). Of the extra revenue versus a year earlier, 5% reached operating profit, below the 30% margin then. Total costs grew 157% against revenue growth of 115%. Net earnings were $0.52B, down 48% year over year. The effective tax rate was 34.8%.
Operating cash flow was $3.0B (up 688% year over year), 339% of net income including minority interests. Working capital and other items added $2.1B.
Questions
What was Athene Holding's revenue in the fourth quarter 2025?
Athene Holding (ATH-PA) reported revenue of $8.1B for the fourth quarter 2025 (Q4 2025), +115% from a year earlier and +2% from the quarter before.
Was Athene Holding profitable in the fourth quarter 2025?
Operating profit was $1.4B (16.9% of revenue) and net earnings $523M.
Source: Athene Holding 10-K on SEC EDGAR.