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Jackson Financial (JXN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Jackson Financial (JXN) Q3 2026 earnings results →

Q3 2026 Revenue up 9% year over year to $1.5B · 56¢ of every $1 of revenue kept as net profit · operating margin 53.8%

Jackson Financial made $1.5B in Q3 2026 (+9% Y/Y). Operating margin 53.8%, net earnings $858M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$1.5B
Year over year+9%
Operating margin53.8%
Net earnings$858M
Operating cash flow$1.4B

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Jackson Financial Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Jackson Financial Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.5B in Q3 2026, up 9% year over year and up 818% from the previous quarter.

Operating profit was $0.83B, a 53.8% margin (up 4.2 points year over year). Of the extra revenue versus Q3 2025, 102% reached operating profit, above the 50% margin then. Total costs fell 0% while revenue rose 9%. Net earnings were $0.86B, up 1029% year over year. The effective tax rate was 13.0%.

Operating cash flow was $1.4B (up 3% year over year), 163% of net earnings. Non-cash charges added back $0.03B of share-based compensation. Working capital and other items added $0.52B.

Quarterly history

Jackson Financial revenue by quarterJackson Financial revenue by quarter$3.8BQ1 2025$1.4BQ3 2025$2.0BQ4 2025$2.9BQ1 2026$168MQ2 2026$1.5BQ3 2026
Jackson Financial net earnings by quarterJackson Financial net earnings by quarter−$18.0MQ1 2025$76.0MQ3 2025−$186MQ4 2025−$420MQ1 2026$660MQ2 2026$858MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 3, 2026$1.5B+9%53.8%$858M$1.4B
Q2 202610-QAug 3, 2026$168M—-308.9%$660M$1.8B
Q1 202610-QMay 5, 2026$2.9B-23%74.7%−$420M$1.0B
Q4 202510-KFeb 24, 2026$2.0B+784%63.5%−$186M$1.6B
Q3 202510-QNov 4, 2025$1.4B-33%49.6%$76.0M$1.4B
Q1 202510-QMay 7, 2025$3.8B—81.9%−$18.0M$1.6B

Charts

Jackson Financial: revenue growth, year over year and quarter over quarterJackson Financial: revenue growth, year over year and quarter over quarterY/YQ/Q-33%-62%Q3 2025+400%+40%Q4 2025-23%+46%Q1 2026-94%Q2 2026+9%+400%Q3 2026
Latest (Q3 2026): Y/Y +9%, Q/Q +400%.
Jackson Financial: where the cash came from (+) and went (−), TTM to Q3 2026Jackson Financial: where the cash came from (+) and went (−), TTM to Q3 2026Other investing−$12.9BOther financing$7.9BOperating cash flow$5.9BBuybacks−$839MCash drawn (+) / kept (−)$461MNet borrowing (+) / repaid (−)−$301MDividends−$239M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Jackson Financial: profit against cash, quarter by quarterJackson Financial: profit against cash, quarter by quarterNet incomeOperating cash flow$358M$1.5BQ4 2024−$18.0M$1.6BQ1 2025$185M$1.2BQ2 2025$91.0M$1.4BQ3 2025−$186M$1.6BQ4 2025−$420M$1.0BQ1 2026$660M$1.8BQ2 2026$870M$1.4BQ3 2026
Latest (Q3 2026): Net income $870M, Operating cash flow $1.4B.
Jackson Financial: diluted shares by fiscal yearJackson Financial: diluted shares by fiscal year68MFY202094MFY202189MFY202284MFY202377MFY202471MFY2025
+5.2% since FY2020: more shares outstanding (issuance, stock pay).
Jackson Financial in its industry: growth against margin (24 companies, SIC 6311)Jackson Financial in its industry: growth against margin (24 companies, SIC 6311)revenue growth, year over year →↑ operating marginmedian +5%median 16%METPRUMetropolitan Life Insurance CoRGACRBGLNCLincoln National Life Insurance CoATH-PAVOYAGNWANG-PDGLBrighthouse Life Insurance CoFGPRIBHFVoya Retirement Insurance & Annuity CoCIAAAMEFirst Trinity Financial CorpUTGNUS Alliance CorpTexas Republic Capital CorpJXN (+9%, 54%)
Life Insurance; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Jackson Financial

Jackson Financial Inc. (“Jackson Financial” or “JFI”) is a financial services company focused on helping Americans in the United States (“U.S.”) secure their financial futures. We believe we are well-positioned in our markets because of our differentiated products and our well-known brand among distributors and advisors. Our market position is supported by our efficient and scalable operating platform and industry-leading distribution network. We are confident these core strengths will enable us to grow as an aging U.S. population transitions into retirement. We refer to Jackson Financial and its subsidiaries and affiliates collectively, as the “Company,” “we,” “our,” or “us.”

In its own words, from its 10-K, filed Feb 24, 2026.

Jackson Financial against its Life Insurance peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +9% against the peers' median +9%. Operating margin: 53.8% against the peers' median 11.4%.

CompanyQuarterRevenueY/YOp. margin
JXN Jackson FinancialQ3 2026$1.5B+9%53.8%
MET MetlifeQ3 2026$20.5B+18%8.9%
PRU Prudential FinancialQ3 2026$14.4B-19%11.4%
Metropolitan Life InsuranceQ2 2026$9.6B+2%6.0%
RGA Reinsurance Group of AmericaQ3 2026$7.5B+22%8.3%
CRBG Corebridge FinancialQ3 2026$6.2B+14%37.7%
LNC Lincoln NationalQ3 2026$5.5B+20%31.7%
Lincoln National Life InsuranceQ2 2026$4.3B+8%25.2%
ATH-PA Athene HoldingQ3 2026$3.1B-62%-56.7%

Source: Jackson Financial 10-Q on SEC EDGAR · CIK 1822993 · Life Insurance

Guidance and outlook

Jackson Financial: what its forward-looking statements are about (10-Q filed 2026-11-03)Jackson Financial: what its forward-looking statements are about (10-Q filed 2026-11-03)Other9Demand5The economy4Margins2Costs2Supply chain1Deals1Financing1Buybacks & dividends1
26 statements; tone +0.00 (−1 all cautious, +1 all confident); 9 hedged.
Jackson Financial: outlook statements against the filing beforeJackson Financial: outlook statements against the filing beforeConfident5Cautious5

13F: who owns JXN and who is buying

Largest holders of JXN (13F)Largest holders of JXN (13F)Vanguard Group$965MBlackRock$696MVanguard Portfolio Management LLC$558MTPG GP A, LLC$483MDimensional Fund Advisors LP$422MVanguard Capital Management LLC$321MState Street$304MGeode Capital Management, LLC$246MHSBC Holdings$182MGoldman Sachs Group$156M
Funds' net buying of JXN by quarter (13F)Funds' net buying of JXN by quarter (13F)$28.5M2024-09−$80.3M2024-12−$283M2025-03−$218M2025-06−$250M2025-09$78.7M2025-12$222M2026-03$17.9M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on JXN

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q1 2025 results

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