Filing Flows › Metlife (MET) › Q4 2025
Metlife (MET) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Metlife (MET) reported revenue of $23.8B for the fourth quarter 2025 (Q4 2025), +28% from a year earlier and +37% from the quarter before. Operating margin was 7.1%, net earnings $816M (3.4% of revenue).
Metlife, Q4 2025: revenue $23.8B (+28% year over year), operating margin 7.1%, net earnings $816M, operating cash flow $7.1B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.8B | +37% | +28% |
| Operating profit | $1.7B | +2% | +13% |
| Net earnings | $816M | -10% | -36% |
| Operating cash flow | $7.1B | +98% | +53% |
What changed
Revenue was $23.8B in Q4 2025, up 28% year over year and up 37% from the previous quarter.
Operating profit was $1.7B, a 7.1% margin (down 0.9 points year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, below the 8% margin then. Total costs grew 29% against revenue growth of 28%. The fastest-growing cost line was General & admin (+933%). Net earnings were $0.81B, down 36% year over year. The effective tax rate was 26.9%.
Operating cash flow was $7.1B (up 53% year over year), 867% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization. Working capital and other items added $6.1B.
Questions
What was Metlife's revenue in the fourth quarter 2025?
Metlife (MET) reported revenue of $23.8B for the fourth quarter 2025 (Q4 2025), +28% from a year earlier and +37% from the quarter before.
Was Metlife profitable in the fourth quarter 2025?
Operating profit was $1.7B (7.1% of revenue) and net earnings $816M.
Source: Metlife 10-K on SEC EDGAR.