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
DateValue
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%