Filing Flows › Travelers Companies (TRV) › Q4 2025
Travelers Companies (TRV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
Travelers Companies (TRV) reported revenue of $12.4B for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and -0.3% from the quarter before. Operating margin was 25.0%, net earnings $2.5B (20.1% of revenue).
Travelers Companies, Q4 2025: revenue $12.4B (+4% year over year), operating margin 25.0%, net earnings $2.5B, operating cash flow $2.7B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.4B | -0.3% | +4% |
| Operating profit | $3.1B | +32% | +20% |
| Net earnings | $2.5B | +32% | +20% |
| Operating cash flow | $2.7B | -36% | +30% |
What changed
Revenue was $12.4B in Q4 2025, up 4% year over year and roughly flat from the previous quarter.
Operating profit was $3.1B, a 25.0% margin (up 3.4 points year over year). Of the extra revenue versus a year earlier, 120% reached operating profit, above the 22% margin then. Total costs fell 1% while revenue rose 4%. Net earnings were $2.5B, up 20% year over year. The effective tax rate was 19.6%.
Operating cash flow was $2.7B (up 30% year over year), 108% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $0.06B of share-based compensation.
Questions
What was Travelers Companies' revenue in the fourth quarter 2025?
Travelers Companies (TRV) reported revenue of $12.4B for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and -0.3% from the quarter before.
Was Travelers Companies profitable in the fourth quarter 2025?
Operating profit was $3.1B (25.0% of revenue) and net earnings $2.5B.