Aflac Inc. (AFL) Financials
Key financial figures for Aflac Inc. (Q2 2026).
Aflac Q2 2026: net earnings of $825M ($1.63/diluted share, +46.8% YoY EPS on a favorable prior-year comp); adjusted EPS of $1.75, down 1.7% YoY as lower Japan Q2 sales and a higher U.S. benefit ratio offset Japan margin strength. Net earnings were $825 million, or $1.63 per diluted share, up 37.7% and 46.8% YoY respectively against a weak prior-year comparison; adjusted earnings were $883 million, or $1.75 per diluted share, down 7.7% and 1.7% YoY. Total revenues were $4.1 billion, down 1.0% YoY. Aflac Japan's benefit ratio improved to 64.0% from 66.5% a year ago and pretax adjusted earnings rose 3.4% in yen, even as new annualized premium sales fell 5.6% to ¥19.6 billion in the quarter (first-half sales were still up 7.0%). Aflac U.S. On the outlook: Aflac now expects 2026 U.S. net earned premium growth to come in slightly below the prior 3%-6% guidance range (previously guided to the low end of that range), while still expecting the 2025-2027 net earned premium CAGR to remain within 3%-6%. Aflac Japan's benefit ratio is expected to land at the high end of the 60%-63% 2026 guidance range on elevated lapse and reissue activity for newer products. Figures are for Q2 2026, as Aflac Incorporated reported them.
- Revenue
- $4.1B
- Net Income
- $825M
- EPS
- $1.64
- Total Assets
- $116.0B
- Operating Cash Flow
- $112M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $4.1B | $825M | $1.63 | 24.37% | $112M |
| Q1 FY2026 | $4.3B | $1.0B | $1.98 | 28.39% | $968M |
| Q4 FY2025 | $4.9B | $1.4B | $2.59 | 32.72% | $315M |
| Q3 FY2025 | $4.8B | $1.6B | $3.08 | 41.6% | $1.3B |
| Q2 FY2025 | $4.2B | $599M | $1.11 | 19.49% | $399M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $17.4B | $3.6B | $6.83 | 26.61% | $2.6B |
| FY2024 | $19.1B | $5.4B | $9.63 | 33.55% | $2.7B |
| FY2023 | $18.8B | $4.7B | $7.78 | 27.93% | $3.2B |
Frequently asked questions
What was Aflac Incorporated's revenue last quarter?
Aflac Incorporated reported revenue of $4.08 billion for Q2 FY2026, down 3.2% from the same period a year earlier.
Is Aflac Incorporated profitable?
Yes. Aflac Incorporated reported net income of $825.0 million for Q2 FY2026, a net margin of 20.21% on revenue.
How has Aflac Incorporated's margin trended?
Operating margin was 24.37% in Q2 FY2026, compared with 19.49% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Aflac Incorporated generate?
Aflac Incorporated generated free cash flow of $112.0 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Aflac Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.