Aflac (AFL) Operating Expenses (2009 - 2026)

Aflac has disclosed Operating Expenses across 18 years of filings, most recently posting $3.1 billion for Q1 2026.

• Operating Expenses for Q1 2026 came in at $3.1 billion, down 4.06% year-over-year; the trailing twelve-month figure through Mar 2026 was $7.2 billion (down 60.33% YoY), and the FY2025 annual result was $5.3 billion, down 57.33% from the prior year.
• Operating Expenses came in at $3.1 billion for Q1 2026 at Aflac, up from $1.4 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $8.8 billion in Q4 2024 to a low of $1.2 billion in Q2 2023.
• The 5-year median for Operating Expenses is $3.1 billion (2026), against an average of $3.0 billion.
• Peak annual rise in Operating Expenses reached 159.0% in 2025, while the deepest fall reached 84.17% in 2025.
• Aflac's Operating Expenses stood at $3.4 billion in 2022, then advanced by 2.29% to $3.5 billion in 2023, then jumped by 152.15% to $8.8 billion in 2024, then slumped by 84.17% to $1.4 billion in 2025, then soared by 124.21% to $3.1 billion in 2026.
• The last three Operating Expenses figures came in at $3.1 billion (Q1 2026), $1.4 billion (Q4 2025), and $1.3 billion (Q3 2025), per Business Quant data.