Filing Flows › Metlife (MET) › Q1 2026
Metlife (MET) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Metlife (MET) reported revenue of $19.1B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -20% from the quarter before. Operating margin was 8.6%, net earnings $1.2B (6.2% of revenue).
Metlife, Q1 2026: revenue $19.1B (+3% year over year), operating margin 8.6%, net earnings $1.2B, operating cash flow $2.7B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.1B | -20% | +3% |
| Operating profit | $1.6B | -3% | +15% |
| Net earnings | $1.2B | +46% | +25% |
| Operating cash flow | $2.7B | -62% | -37% |
What changed
Revenue was $19.1B in Q1 2026, up 3% year over year and down 20% from the previous quarter.
Operating profit was $1.6B, a 8.6% margin (up 0.9 points year over year). Of the extra revenue versus Q1 2025, 43% reached operating profit, above the 8% margin then. Total costs grew 2% against revenue growth of 3%. The fastest-growing cost line was Sales & marketing (+31%). Net earnings were $1.2B, up 25% year over year ($1.2B including minority interests, which bore $0.02B of losses). The effective tax rate was 22.9%.
Operating cash flow was $2.7B (down 37% year over year), 231% of net earnings. Non-cash charges added back $0.03B of depreciation. Working capital and other items added $1.5B.
Questions
What was Metlife's revenue in the first quarter 2026?
Metlife (MET) reported revenue of $19.1B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -20% from the quarter before.
Was Metlife profitable in the first quarter 2026?
Operating profit was $1.6B (8.6% of revenue) and net earnings $1.2B.
Source: Metlife 10-Q on SEC EDGAR.