Aflac (AFL) Gross Margin (2009 - 2026)
Aflac (AFL) reported Gross Margin of 55.02% for Q2 2026, up 3.33 percentage points from 51.68% a year earlier but down 2.83 percentage points from the prior quarter.
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Analysis
Aflac (AFL) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Aflac's Gross Margin came in at 61.14%, up 7.02 percentage points year-over-year; for FY2025, it was 57.51%, down 3.13 percentage points from FY2024.
- Gross Margin has a five-year change of +10.77 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 60.64% in FY2024 (+4.54 pp), 56.09% in FY2023 (+2.52 pp), 53.57% in FY2022 (+2.17 pp) and 51.40% in FY2021 (+4.66 pp).
- Five-year quarterly Gross Margin spans a low of 42.76% in Q1 2025 and a high of 69.70% in Q3 2025.
- Year over year, Gross Margin gained in four of the last eight quarters, with an average year-over-year change of +1.39 percentage points.
- The high point for year-over-year Gross Margin in five years was Q4 2024 (a gain of 20.09 percentage points); the low point was Q1 2025 (a drop of 20.26 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 57.85% (Q1 2026), 60.91% (Q4 2025) and 69.70% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 140.29 Bn | 85.93 Bn | 8.67 Bn | 53.53% |
| 2 | Progressive | 132.20 Bn | 107.72 Bn | 8.29 Bn | 35.74% |
| 3 | Marsh & Mclennan Companies | 96.60 Bn | 88.76 Bn | - | - |
| 4 | Travelers Companies | 82.11 Bn | 59.60 Bn | 5.93 Bn | 47.74% |
| 5 | Manulife Financial | 75.43 Bn | 8.45 Bn | - | - |
| 6 | Arthur J. Gallagher | 71.09 Bn | 65.68 Bn | - | - |
| 7 | Aon | 70.49 Bn | 49.69 Bn | - | - |
| 8 | Metlife | 65.52 Bn | -41.26 Bn | 7.82 Bn | 40.82% |
| 9 | Allstate | 64.49 Bn | 24.33 Bn | 7.41 Bn | 42.69% |
| 10 | Aflac | 62.39 Bn | 38.74 Bn | 1.87 Bn | 56.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 56.45% |
| Jun 30, 2026 | 55.02% |
| Mar 31, 2026 | 57.85% |
| Dec 31, 2025 | 60.91% |
| Sep 30, 2025 | 69.70% |
| Jun 30, 2025 | 51.68% |
| Mar 31, 2025 | 42.76% |
| Dec 31, 2024 | 64.41% |
| Sep 30, 2024 | 52.07% |
| Jun 30, 2024 | 62.61% |
| Mar 31, 2024 | 63.02% |
| Dec 31, 2023 | 44.32% |
| Sep 30, 2023 | 62.42% |
| Jun 30, 2023 | 59.44% |
| Mar 31, 2023 | 55.21% |
| Dec 31, 2022 | 47.97% |
| Sep 30, 2022 | 55.87% |
| Jun 30, 2022 | 57.22% |
| Mar 31, 2022 | 52.00% |
| Dec 31, 2021 | 49.22% |
API Access
Aflac Gross Margin 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=gross-margin&ticker=AFL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "AFL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=AFL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();