How does MetLife (MET) make money?

MetLife (MET) generates revenue primarily from Prepaid legal plans and administrative-only contracts, which accounted for 25.6% of total revenue in TTM through Q1 2026. The company reported $76.9B in revenue and converted 4.7% of it into net profit, equivalent to roughly $3.62B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of MetLife (MET)?

MetLife (MET) reported a gross profit margin of 28.4% in TTM through Q1 2026, equivalent to $21.9B in gross profit on $76.9B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of MetLife (MET)?

MetLife (MET) reported an operating profit margin of 6.3% in TTM through Q1 2026, equivalent to $4.81B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of MetLife (MET)?

MetLife (MET) reported a net profit margin of 4.7% in TTM through Q1 2026, equivalent to $3.62B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is MetLife (MET) profitable?

Yes. MetLife (MET) reported $3.62B in net income for TTM through Q1 2026, with a net profit margin of 4.7%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much free cash flow does MetLife (MET) generate?

MetLife (MET) generated $16.5B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 21.5%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of MetLife (MET)?

MetLife (MET) had an effective tax rate of 24.9% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of MetLife (MET)?

MetLife (MET) reports revenue across 6 reportable product segments, led by Prepaid legal plans and administrative-only contracts at 25.6% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does MetLife (MET) generate most of its revenue?

Asia Segment is the largest geographic market for MetLife (MET), accounting for 50.8% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How MetLife Makes Money: 2026 Visual Revenue Map

MetLife (MET) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

MetLife (MET) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for MetLife (MET), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Prepaid legal plans and administrative-only contracts	$19.7B	25.6%
Vision fee for service arrangements	$17.5B	22.7%
Fee-based investment management services	$13.5B	17.5%
Other revenue from service contracts from customers	$12.9B	16.7%
Administrative Service	$9.13B	11.9%
Distribution Service	$4.27B	5.6%
Total	$76.9B	100%

Prepaid legal plans and administrative-only contracts$19.7B
Vision fee for service arrangements$17.5B
Fee-based investment management services$13.5B
Other revenue from service contracts from customers$12.9B
Administrative Service$9.13B
Distribution Service$4.27B
Total$76.9B

MetLife (MET) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for MetLife (MET), TTM through Q1 2026
Region	Revenue (USD)	% of total
Asia Segment	$9.2B	50.8%
Latin America Segment	$6.46B	35.7%
Europe, Middle East And Africa Segment	$2.44B	13.5%
Total	$18.1B	100%

Asia Segment
Latin America Segment
Europe, Middle East And Africa Segment
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, MetLife (MET) reports revenue across 6 reportable product segments; the largest segment was Prepaid legal plans and administrative-only contracts at 25.6%, followed by Vision fee for service arrangements (22.7%) and Fee-based investment management services (17.5%). Geographically, Asia Segment accounted for 50.8% of revenue, followed by Latin America Segment (35.7%) and Europe, Middle East And Africa Segment (13.5%).

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