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Jackson Financial (JXN) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 5, 2026

Jackson Financial (JXN) reported revenue of $2.9B for the first quarter 2026 (Q1 2026), -23% from a year earlier and +46% from the quarter before. Operating margin was 74.7%, net loss $420M (14.5% of revenue).

Revenue$2.9B
Year over year-23%
Quarter over quarter+46%
Operating margin74.7%
Net earnings−$420M

Jackson Financial, Q1 2026: revenue $2.9B (-23% year over year), operating margin 74.7%, net loss $420M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$2.9B+46%-23%
Operating profit$2.2B+72%-29%
Net earnings−$420M——
Operating cash flow$1.0B-36%-34%

What changed

Revenue was $2.9B in Q1 2026, down 23% year over year and up 46% from the previous quarter.

Operating profit was $2.2B, a 74.7% margin (down 7.3 points year over year). Total costs grew 9% against a revenue fall of 23%. The fastest-growing cost line was General & admin (+15%). The quarter ended with a net loss of $0.42B, wider than the previous quarter's $0.19B loss. Net interest and other expense of $2.6B was the main reason.

Operating cash flow was $1.0B (down 34% year over year). Non-cash charges added back $0.06B of share-based compensation. Working capital and other items added $1.4B.

Questions

What was Jackson Financial's revenue in the first quarter 2026?

Jackson Financial (JXN) reported revenue of $2.9B for the first quarter 2026 (Q1 2026), -23% from a year earlier and +46% from the quarter before.

Was Jackson Financial profitable in the first quarter 2026?

Operating profit was $2.2B (74.7% of revenue) and net loss $420M.

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Source: Jackson Financial 10-Q on SEC EDGAR.