Operating Income for Aflac (AFL)
According to Aflac's latest reported financial statements, the company's current operating income (TTM) is $4.56B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
AFL
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$4.56B
YoY change
-27.7%
5Y CAGR
+2.2%
Peak year (2024)
$6.42B
Cumulative operating income
$94.78B
Operating Income history chart for Aflac (AFL) from 1985 to 2025
Operating Income history table for Aflac (AFL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $4.64B | -27.7% | ||
| 2024 | $6.42B | +21.9% | ||
| 2023 | $5.26B | +8.1% | ||
| 2022 | $4.87B | -6.5% | ||
| 2021 | $5.21B | +25.2% | ||
| 2020 | $4.16B | -6.4% | ||
| 2019 | $4.45B | +11.6% | ||
| 2018 | $3.98B | -0.9% | ||
| 2017 | $4.02B | -1.2% | ||
| 2016 | $4.07B | +5.3% | ||
| 2015 | $3.86B | -14.0% | ||
| 2014 | $4.49B | -6.7% | ||
| 2013 | $4.82B | +11.9% | ||
| 2012 | $4.30B | +45.8% | ||
| 2011 | $2.95B | -17.2% | ||
| 2010 | $3.56B | +59.3% | ||
| 2009 | $2.23B | +16.8% | ||
| 2008 | $1.91B | -23.4% | ||
| 2007 | $2.50B | +10.4% | ||
| 2006 | $2.26B | +1.7% | ||
| 2005 | $2.23B | +25.5% | ||
| 2004 | $1.77B | +48.0% | ||
| 2003 | $1.20B | -4.8% | ||
| 2002 | $1.26B | +16.5% | ||
| 2001 | $1.08B | +6.8% | ||
| 2000 | $1.01B | +30.1% | ||
| 1999 | $778.00M | +41.2% | ||
| 1998 | $551.00M | — | ||
| 1997 | $0 | — | ||
| 1996 | $0 | — | ||
| 1995 | $0 | -100.0% | ||
| 1994 | $504.34M | -88.6% | ||
| 1993 | $4.44B | — | ||
| 1992 | $0 | — | ||
| 1991 | $0 | — | ||
| 1990 | $0 | — | ||
| 1989 | $0 | — | ||
| 1988 | $0 | — | ||
| 1987 | $0 | — | ||
| 1986 | $0 | — | ||
| 1985 | $0 | — |
Operating Income values are taken from Aflac's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Aflac (AFL) operating income is $4.64B – declined 27.7% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Aflac operating income compounded at +2.2% per year, with the latest reading among the more recent periods of the dataset.
Between 2024 and 2025, Aflac operating income declined 27.7%, falling from $6.42B to $4.64B.
2024 marks the peak operating income at $6.42B, with the historical low of $0 recorded in 1985.
Within Financial Services, Aflac (AFL) ranks 9th among 8 peers we track. The peer median for operating income is $24.60B.
Aflac Operating Income by Year
Aflac Operating Income 2025: $4.64B
Aflac operating income in 2025 was $4.64B, declined 27.7% below 2024.
Aflac Operating Income 2024: $6.42B
Aflac operating income in 2024 was $6.42B, grew 21.9% from 2023. This figure represents the highest annual value in the available history.
Aflac Operating Income 2023: $5.26B
Aflac operating income in 2023 was $5.26B, grew 8.1% from 2022.
Aflac Operating Income 2022: $4.87B
Aflac operating income in 2022 was $4.87B, declined 6.5% below 2021.
Aflac Operating Income 2021: $5.21B
Aflac operating income in 2021 was $5.21B.
See more financial history for Aflac (AFL).
Sector peers — Operating Income
Companies in the same sector as Aflac, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $72.59B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $59.54B | Financial Services |
| Bank of America Corporation (BAC) | $37.70B | Financial Services |
| Wells Fargo & Company (WFC) | $25.20B | Financial Services |
| Visa Inc. (V) | $23.99B | Financial Services |
| Morgan Stanley (MS) | $21.95B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $21.85B | Financial Services |
| Mastercard Incorporated (MA) | $19.40B | Financial Services |
Frequently asked questions
What is Aflac's operating income?
- Latest reported operating income for Aflac (AFL) is $4.56B (period ending December 31, 2025).
How has Aflac operating income changed year-over-year?
- Aflac (AFL) operating income changed -27.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Aflac operating income?
- Aflac (AFL) operating income compound annual growth rate is +2.2% over the most recent 5 years available.
When did Aflac operating income hit its highest annual value?
- Aflac operating income reached its highest annual value of $6.42B in 2024.
What was Aflac operating income in 2024?
- Aflac (AFL) operating income in 2024 was $6.42B.
What was Aflac operating income in 2025?
- Aflac (AFL) operating income in 2025 was $4.64B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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