Growth Metrics

Aflac (AFL) Operating Expenses (2016 - 2025)

Aflac (AFL) has disclosed Operating Expenses for 17 consecutive years, with $1.4 billion as the latest value for Q4 2025.

  • Quarterly Operating Expenses fell 57.41% to $1.4 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $7.3 billion through Dec 2025, down 30.02% year-over-year, with the annual reading at $5.3 billion for FY2025, 57.33% down from the prior year.
  • Operating Expenses hit $1.4 billion in Q4 2025 for Aflac, up from $1.3 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $11.8 billion in Q4 2021 to a low of $1.2 billion in Q2 2023.
  • Historically, Operating Expenses has averaged $3.0 billion across 5 years, with a median of $3.1 billion in 2023.
  • Biggest YoY gain for Operating Expenses was 153.36% in 2022; the steepest drop was 71.01% in 2022.
  • Year by year, Operating Expenses stood at $11.8 billion in 2021, then plummeted by 71.01% to $3.4 billion in 2022, then grew by 2.29% to $3.5 billion in 2023, then fell by 6.31% to $3.3 billion in 2024, then crashed by 57.41% to $1.4 billion in 2025.
  • Business Quant data shows Operating Expenses for AFL at $1.4 billion in Q4 2025, $1.3 billion in Q3 2025, and $3.3 billion in Q2 2025.