Aflac (AFL) Gross Margin (2009 - 2026)
Aflac's (AFL) quarterly Gross Margin came in at 44.65% in Q1 2026, down 4825.0% year-on-year from 0.95% in Q1 2025, and down 52.97% quarter-over-quarter from 94.94% in Q4 2025.
Aflac (AFL) Gross Margin (2009 - 2026) Analysis & Trends
Aflac has disclosed Gross Margin across 18 years of filings, most recently posting 44.65% for Q1 2026.
- Gross Margin for Q1 2026 came in at 44.65%, down 4825.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 76.03% (down 3827.0% YoY), and the FY2025 annual result was 94.23%, up 165.0% from the prior year.
- Gross Margin came in at 44.65% for Q1 2026 at Aflac, down from 94.94% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 235.97% in Q4 2024 to a low of 128.24% in Q4 2022.
- The 5-year median for Gross Margin is 92.59% (2022), against an average of 76.94%.
- Across the five-year window, Gross Margin slumped 22202 bps in 2022 and surged 19809 bps in 2024, its largest moves.
- Aflac's Gross Margin stood at 128.24% in 2022, then surged by 130 bps to 37.87% in 2023, then soared by 523 bps to 235.97% in 2024, then sank by 60 bps to 94.94% in 2025, then plunged by 53 bps to 44.65% in 2026.
- The last three Gross Margin figures came in at 44.65% (Q1 2026), 94.94% (Q4 2025), and 57.41% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Manulife Financial | 568.62 Bn | 568.62 Bn | - | - |
| 2 | Aflac | 59.20 Bn | 53.55 Bn | 1.48 Bn | 44.65% |
| 3 | Metlife | 55.45 Bn | 39.51 Bn | 256.00 Mn | 2.11% |
| 4 | Unum | 14.44 Bn | 4.48 Bn | 1.40 Bn | 41.71% |
| 5 | Globe Life | 12.48 Bn | 11.80 Bn | 1.45 Bn | 92.71% |
| 6 | Primerica | 8.62 Bn | 8.62 Bn | 770.81 Mn | 88.33% |
| 7 | Jackson Financial | 7.51 Bn | 1.67 Bn | - | - |
| 8 | Lincoln National | 6.79 Bn | -8.89 Bn | 3.25 Bn | 61.27% |
| 9 | CNO Financial | 4.58 Bn | 4.24 Bn | 754.30 Mn | 73.26% |
| 10 | Prudential | 4.22 Bn | 4.22 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 44.65% |
| Dec 31, 2025 | 94.94% |
| Sep 30, 2025 | 57.41% |
| Jun 30, 2025 | 93.97% |
| Mar 31, 2025 | 92.90% |
| Dec 31, 2024 | 235.97% |
| Sep 30, 2024 | 91.49% |
| Jun 30, 2024 | 62.61% |
| Mar 31, 2024 | 95.31% |
| Dec 31, 2023 | 37.87% |
| Sep 30, 2023 | 62.42% |
| Jun 30, 2023 | 94.82% |
| Mar 31, 2023 | 94.17% |
| Dec 31, 2022 | -128.24% |
| Sep 30, 2022 | 92.45% |
| Jun 30, 2022 | 92.59% |
| Mar 31, 2022 | 92.65% |
| Dec 31, 2021 | 93.78% |
| Sep 30, 2021 | 94.06% |
| Jun 30, 2021 | 52.32% |