Aflac (AFL) Cost of Revenue (2009 - 2026)

Aflac's (AFL) quarterly Cost of Revenue came in at $1.8 billion in Q1 2026, up 663.33% year-on-year from $240.0 million in Q1 2025, and up 644.72% quarter-over-quarter from $246.0 million in Q4 2025.

Aflac (AFL) Cost of Revenue (2009 - 2026) Analysis & Trends

Aflac has disclosed Cost of Revenue across 18 years of filings, most recently posting $1.8 billion for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $1.8 billion, up 663.33% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.8 billion (up 277.85% YoY), and the FY2025 annual result was $991.0 million, down 0.7% from the prior year.
  • Cost of Revenue came in at $1.8 billion for Q1 2026 at Aflac, up from $246.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $8.0 billion in Q4 2022 to a low of -$4.5 billion in Q4 2024.
  • The 5-year median for Cost of Revenue is $279.0 million (2022), against an average of $900.1 million.
  • Across the five-year window, Cost of Revenue surged 2545.07% in 2022 and plunged 315.36% in 2024, its largest moves.
  • Aflac's Cost of Revenue stood at $8.0 billion in 2022, then plunged by 73.85% to $2.1 billion in 2023, then plunged by 315.36% to -$4.5 billion in 2024, then jumped by 105.43% to $246.0 million in 2025, then jumped by 644.72% to $1.8 billion in 2026.
  • The last three Cost of Revenue figures came in at $1.8 billion (Q1 2026), $246.0 million (Q4 2025), and $1.4 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Manulife Financial 575.36 Bn 575.36 Bn - -
2 Aflac 60.03 Bn 54.38 Bn 1.48 Bn 1.83 Bn
3 Metlife 56.29 Bn 40.35 Bn 256.00 Mn 11.86 Bn
4 Unum 14.92 Bn 4.96 Bn 1.40 Bn 1.96 Bn
5 Globe Life 12.80 Bn 12.12 Bn 1.45 Bn 113.74 Mn
6 Primerica 8.79 Bn 8.79 Bn 770.81 Mn 101.88 Mn
7 Jackson Financial 7.51 Bn 1.68 Bn - -
8 Lincoln National 6.95 Bn -8.74 Bn 3.25 Bn 2.06 Bn
9 CNO Financial 4.67 Bn 4.33 Bn 754.30 Mn 275.30 Mn
10 Prudential 4.24 Bn 4.24 Bn - 3.33 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.83 Bn
Mar 31, 2026 1.83 Bn
Dec 31, 2025 246.00 Mn
Dec 31, 2025 246.00 Mn
Sep 30, 2025 1.44 Bn
Sep 30, 2025 1.44 Bn
Jun 30, 2025 251.00 Mn
Jun 30, 2025 251.00 Mn
Mar 31, 2025 240.00 Mn
Mar 31, 2025 240.00 Mn
Dec 31, 2024 -4.53 Bn
Dec 31, 2024 -4.53 Bn
Sep 30, 2024 251.00 Mn
Sep 30, 2024 251.00 Mn
Jun 30, 2024 1.92 Bn
Jun 30, 2024 1.92 Bn
Mar 31, 2024 255.00 Mn
Mar 31, 2024 255.00 Mn
Dec 31, 2023 2.10 Bn
Dec 31, 2023 2.10 Bn