TTM
31.0%
YoY change
−6.93pp
Trough year (1985)
0.0%
Peak year (1993)
88.7%
Latest annual
26.6%
Operating Margin history chart for Aflac (AFL) from 1985 to 2025
Latest: 26.6%
Operating Margin change chart for Aflac (AFL) from 1985 to 2025
Latest: −6.93pp
Operating Margin history table for Aflac (AFL) from 1985 to 2025
| 2025 | 26.6% | -6.93pp | ||
| 2024 | 33.5% | +5.62pp | ||
| 2023 | 27.9% | +2.50pp | ||
| 2022 | 25.4% | +1.25pp | ||
| 2021 | 24.2% | +5.49pp | ||
| 2020 | 18.7% | -1.30pp | ||
| 2019 | 20.0% | +1.64pp | ||
| 2018 | 18.3% | -0.25pp | ||
| 2017 | 18.6% | +0.52pp | ||
| 2016 | 18.1% | -0.47pp | ||
| 2015 | 18.6% | -1.31pp | ||
| 2014 | 19.9% | -0.35pp | ||
| 2013 | 20.2% | +3.19pp | ||
| 2012 | 17.0% | +3.67pp | ||
| 2011 | 13.4% | -3.88pp | ||
| 2010 | 17.2% | +4.99pp | ||
| 2009 | 12.2% | +0.68pp | ||
| 2008 | 11.6% | -4.67pp | ||
| 2007 | 16.2% | +0.74pp | ||
| 2006 | 15.5% | -0.01pp | ||
| 2005 | 15.5% | +2.15pp | ||
| 2004 | 13.3% | +2.88pp | ||
| 2003 | 10.5% | -1.81pp | ||
| 2002 | 12.3% | +1.01pp | ||
| 2001 | 11.3% | +0.83pp | ||
| 2000 | 10.4% | +1.43pp | ||
| 1999 | 9.0% | +1.25pp | ||
| 1998 | 7.8% | +7.76pp | ||
| 1997 | 0.0% | 0.00pp | ||
| 1996 | 0.0% | 0.00pp | ||
| 1995 | 0.0% | -8.25pp | ||
| 1994 | 8.3% | -80.47pp | ||
| 1993 | 88.7% | +88.72pp | ||
| 1992 | 0.0% | 0.00pp | ||
| 1991 | 0.0% | 0.00pp | ||
| 1990 | 0.0% | 0.00pp | ||
| 1989 | 0.0% | 0.00pp | ||
| 1988 | 0.0% | 0.00pp | ||
| 1987 | 0.0% | 0.00pp | ||
| 1986 | 0.0% | 0.00pp | ||
| 1985 | 0.0% | — |
- 202526.6%-6.93pp
- 202433.5%+5.62pp
- 202327.9%+2.50pp
- 202225.4%+1.25pp
- 202124.2%+5.49pp
- 202018.7%-1.30pp
- 201920.0%+1.64pp
- 201818.3%-0.25pp
- 201718.6%+0.52pp
- 201618.1%-0.47pp
- 201518.6%-1.31pp
- 201419.9%-0.35pp
- 201320.2%+3.19pp
- 201217.0%+3.67pp
- 201113.4%-3.88pp
- 201017.2%+4.99pp
- 200912.2%+0.68pp
- 200811.6%-4.67pp
- 200716.2%+0.74pp
- 200615.5%-0.01pp
- 200515.5%+2.15pp
- 200413.3%+2.88pp
- 200310.5%-1.81pp
- 200212.3%+1.01pp
- 200111.3%+0.83pp
- 200010.4%+1.43pp
- 19999.0%+1.25pp
- 19987.8%+7.76pp
- 19970.0%0.00pp
- 19960.0%0.00pp
- 19950.0%-8.25pp
- 19948.3%-80.47pp
- 199388.7%+88.72pp
- 19920.0%0.00pp
- 19910.0%0.00pp
- 19900.0%0.00pp
- 19890.0%0.00pp
- 19880.0%0.00pp
- 19870.0%0.00pp
- 19860.0%0.00pp
- 19850.0%—
Operating Margin values are taken from Aflac's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Aflac (AFL)
According to Aflac's latest reported financial statements, the company's latest reported operating margin is 31.0%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Aflac (AFL) operating margin is 26.61% – contracted 6.9 percentage points year-over-year.
Across the available history, operating margin reached its high of 88.72% in 1993 and its low of 0.00% in 1985.
Aflac Operating Margin by Year
Aflac Operating Margin 2025: 26.6%
Aflac operating margin in 2025 was 26.61%, contracted 6.9 percentage points from 2024.
Aflac Operating Margin 2024: 33.5%
2024's operating margin for Aflac came in at 33.55%, expanded 5.6 percentage points from 2023.
Aflac Operating Margin 2023: 27.9%
Aflac posted operating margin of 27.93% in 2023, expanded 2.5 percentage points from 2022.
Aflac Operating Margin 2022: 25.4%
In 2022, Aflac reported operating margin of 25.42%, expanded 1.3 percentage points from 2021.
Aflac Operating Margin 2021: 24.2%
Aflac operating margin in 2021 was 24.17%.
See more financial history for Aflac (AFL).
Sector peers by Operating Margin
Financial Services peers of Aflac (AFL), ranked by their latest operating margin
| 61.1% | |
| 59.4% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% |
- 61.1%
- 59.4%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
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