Aflac (AFL) Net Margin (2009 - 2026)
Aflac's Net Margin came in at 20.04% for Q2 2026, up 5.64 percentage points from 14.40% a year earlier but down 3.41 percentage points from the prior quarter.
Powered by 
Analysis
Aflac (AFL) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Aflac reported Net Margin of 26.91%, up 11.95 percentage points year-over-year; for FY2025, it came in at 21.24%, down 7.52 percentage points from FY2024.
- Net Margin carries a five-year change of -0.33 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 28.76% in FY2024 (+3.84 pp), 24.91% in FY2023 (+1.83 pp), 23.08% in FY2022 (+3.45 pp) and 19.63% in FY2021 (-1.94 pp).
- The five-year range for quarterly Net Margin is -2.79% (Q3 2024) to 37.86% (Q3 2022).
- Year-over-year, Net Margin increased in four of the last eight quarters, with an average year-over-year change of -0.14 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q3 2025 (a gain of 37.37 percentage points), and the weakest in Q3 2024 (a drop of 34.49 percentage points).
- Business Quant data shows AFL's Net Margin at 23.45% (Q1 2026), 28.34% (Q4 2025) and 34.58% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 137.65 Bn | 84.23 Bn | 9.13 Bn | 18.05% |
| 2 | Progressive | 129.27 Bn | 105.11 Bn | 9.04 Bn | 14.02% |
| 3 | Marsh & Mclennan Companies | 90.79 Bn | 82.95 Bn | - | 11.77% |
| 4 | Travelers Companies | 83.98 Bn | 60.23 Bn | 6.23 Bn | 18.17% |
| 5 | Manulife Financial | 77.09 Bn | -17.80 Bn | - | 10.52% |
| 6 | Arthur J. Gallagher | 66.40 Bn | 60.80 Bn | - | 8.09% |
| 7 | Metlife | 65.77 Bn | -41.01 Bn | 7.82 Bn | 3.68% |
| 8 | Allstate | 64.29 Bn | 25.56 Bn | 8.73 Bn | 17.43% |
| 9 | Aon | 62.89 Bn | 56.11 Bn | - | 12.98% |
| 10 | Aflac | 60.63 Bn | 35.84 Bn | 2.27 Bn | 20.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.04% |
| Mar 31, 2026 | 23.45% |
| Dec 31, 2025 | 28.34% |
| Sep 30, 2025 | 34.58% |
| Jun 30, 2025 | 14.40% |
| Mar 31, 2025 | 0.85% |
| Dec 31, 2024 | 35.20% |
| Sep 30, 2024 | -2.79% |
| Jun 30, 2024 | 34.16% |
| Mar 31, 2024 | 34.57% |
| Dec 31, 2023 | 7.10% |
| Sep 30, 2023 | 31.70% |
| Jun 30, 2023 | 31.59% |
| Mar 31, 2023 | 24.75% |
| Dec 31, 2022 | 4.96% |
| Sep 30, 2022 | 37.86% |
| Jun 30, 2022 | 26.23% |
| Mar 31, 2022 | 20.24% |
| Dec 31, 2021 | 19.35% |
| Sep 30, 2021 | 16.96% |
API Access
Aflac Net 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=net-margin&ticker=AFL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=AFL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();