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Metlife (MET) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 6, 2026

Metlife (MET) reported revenue of $19.2B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +0.4% from the quarter before. Operating margin was 8.4%, net earnings $736M (3.8% of revenue).

Revenue$19.2B
Year over year+10%
Quarter over quarter+0.4%
Operating margin8.4%
Net earnings$736M

Metlife, Q2 2026: revenue $19.2B (+10% year over year), operating margin 8.4%, net earnings $736M, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$19.2B+0.4%+10%
Operating profit$1.6B-2%+15%
Net earnings$736M-38%+1%
Operating cash flow$2.2B-17%+2%

What changed

Revenue was $19.2B in Q2 2026, up 10% year over year and roughly flat from the previous quarter.

Operating profit was $1.6B, a 8.4% margin (up 0.3 points year over year). Of the extra revenue versus Q2 2025, 12% reached operating profit, above the 8% margin then. Total costs grew 10% against revenue growth of 10%. The fastest-growing cost line was Sales & marketing (+27%). Net earnings were $0.74B, up 1% year over year. The effective tax rate was 24.7%.

Operating cash flow was $2.2B (up 2% year over year), 286% of net income including minority interests. Non-cash charges added back $0.04B of depreciation. Working capital and other items added $1.4B.

Questions

What was Metlife's revenue in the second quarter 2026?

Metlife (MET) reported revenue of $19.2B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +0.4% from the quarter before.

Was Metlife profitable in the second quarter 2026?

Operating profit was $1.6B (8.4% of revenue) and net earnings $736M.

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Source: Metlife 10-Q on SEC EDGAR.