American Financial (AFG) Cost of Revenue (2023 - 2026)
American Financial's Cost of Revenue was $1 billion in Q2 2026, down 0.7% from $1.01 billion a year earlier but up 10.4% from the prior quarter.
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Analysis
American Financial (AFG) Cost of Revenue (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, American Financial's Cost of Revenue was $4.32 billion through Jun 30, 2026, down 5.7% year-over-year; for FY2025, it came in at $4.39 billion, down 1.6% from FY2024.
- Cost of Revenue shows a three-year compound annual growth rate of 6.5% (FY2022 to FY2025).
- In earlier years, Cost of Revenue was $4.46 billion in FY2024 (+10.6%), $4.03 billion in FY2023 (+11.1%) and $3.63 billion in FY2022.
- Quarterly Cost of Revenue has moved between $820 million (Q1 2023) and $1.43 billion (Q3 2024) over five years.
- Compared with a year earlier, Cost of Revenue has declined for four straight quarters, with growth averaging 2.1% over the last eight quarters.
- The best year-over-year quarter for Cost of Revenue over five years was Q3 2024 (growth of 15.4%); the worst was Q4 2025 (a decline of 10.2%).
- Per Business Quant data, AFG's Cost of Revenue in the three quarters before Q2 2026 was $906 million (Q1 2026), $1.06 billion (Q4 2025) and $1.36 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.21 Bn | -334.26 Bn | 55.86 Bn | 45.95 Bn |
| 2 | Chubb | 127.58 Bn | 79.64 Bn | 9.13 Bn | 6.69 Bn |
| 3 | Progressive | 122.25 Bn | 98.08 Bn | 9.04 Bn | 14.57 Bn |
| 4 | Marsh & Mclennan Companies | 81.29 Bn | 73.03 Bn | - | - |
| 5 | Travelers Companies | 75.19 Bn | 51.44 Bn | 6.23 Bn | 5.92 Bn |
| 6 | Manulife Financial | 73.16 Bn | 74.37 Bn | - | - |
| 7 | Metlife | 60.22 Bn | -46.26 Bn | 7.82 Bn | 11.34 Bn |
| 8 | Arthur J. Gallagher | 57.98 Bn | 52.41 Bn | - | - |
| 9 | Aon | 57.16 Bn | 50.40 Bn | - | - |
| 10 | American Financial | 11.53 Bn | 2.06 Bn | 1.03 Bn | 1.00 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.00 Bn |
| Mar 31, 2026 | 906.00 Mn |
| Dec 31, 2025 | 1.06 Bn |
| Sep 30, 2025 | 1.36 Bn |
| Jun 30, 2025 | 1.01 Bn |
| Mar 31, 2025 | 965.00 Mn |
| Dec 31, 2024 | 1.18 Bn |
| Sep 30, 2024 | 1.43 Bn |
| Jun 30, 2024 | 937.00 Mn |
| Mar 31, 2024 | 912.00 Mn |
| Dec 31, 2023 | 1.07 Bn |
| Sep 30, 2023 | 1.24 Bn |
| Jun 30, 2023 | 905.00 Mn |
| Mar 31, 2023 | 820.00 Mn |
API Access
American Financial Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=AFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "AFG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=AFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();