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How Metlife (MET) makes money

Metlife (MET) made $20.5B of revenue in the third quarter 2026 (Q3 2026), +18% from a year earlier. Of every dollar of revenue, 9¢ was left as operating profit, 12¢ was left as net earnings.

Drawing the Sankey…

Metlife revenue by quarterMetlife revenue by quarter$18.6BQ1 2025$17.3BQ2 2025$17.4BQ3 2025$23.8BQ4 2025$19.1BQ1 2026$19.2BQ2 2026$20.5BQ3 2026
Metlife: where each dollar of revenue goesMetlife: where each dollar of revenue goesOperating profit9¢Income tax3¢Net earnings12¢Operating cash flow10¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$20.5B100.0%
Operating profit$1.8B8.9%
Income tax$588M2.9%
Net earnings$2.4B11.7%
Operating cash flow$2.0B9.7%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$20.5B+18%
Q2 2026$19.2B+10%
Q1 2026$19.1B+3%
Q4 2025$23.8B+28%
Q3 2025$17.4B-6%
Q2 2025$17.3B-3%
Q1 2025$18.6B+16%

From Metlife's 10-Q filed Nov 6, 2026 (on EDGAR).

Questions

How does Metlife make money?

Metlife (MET) made $20.5B of revenue in the third quarter 2026 (Q3 2026), +18% from a year earlier. Of every dollar of revenue, 9¢ was left as operating profit, 12¢ was left as net earnings.

What is Metlife's profit margin?

Net earnings were $2.4B, 11.7% of revenue, in the third quarter 2026; the operating margin was 8.9%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.