Aflac (AFL) Operating Expenses (2009 - 2026)
Aflac's (AFL) quarterly Operating Expenses came in at $3.1 billion in Q2 2026, down 6.47% year-over-year from $3.3 billion in Q2 2025, and little changed quarter-over-quarter from $3.1 billion in Q1 2026.
Analysis
Aflac (AFL) Operating Expenses (2009 - 2026) Analysis & Trends
Aflac has disclosed Operating Expenses across 18 years of filings, most recently posting $3.1 billion for Q2 2026.
- In Q2 2026, Operating Expenses fell 6.47% year-over-year to $3.1 billion; the TTM figure through Jun 2026 stood at $12.3 billion (down 3.41% YoY), while the FY2025 annual figure was $12.6 billion, up 0.97% from the prior year.
- Operating Expenses came in at $3.1 billion for Q2 2026 at Aflac, roughly flat from $3.1 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $3.9 billion in Q1 2022 to a low of $2.7 billion in Q3 2025.
- Average Operating Expenses over 5 years is $3.3 billion, with a median of $3.3 billion recorded in 2024.
- Year-over-year, Operating Expenses retreated 18.16% in 2022 and gained 7.02% in 2025.
- Over 5 years, Operating Expenses stood at $3.4 billion in 2022, then advanced by 2.29% to $3.5 billion in 2023, then dropped by 6.31% to $3.3 billion in 2024, then climbed by 0.8% to $3.3 billion in 2025, then decreased by 5.22% to $3.1 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $3.1 billion in Q2 2026, $3.1 billion in Q1 2026, and $3.3 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,090.02 Bn | 765.31 Bn | 55.86 Bn | 86.07 Bn |
| 2 | Chubb | 131.71 Bn | 123.42 Bn | 9.13 Bn | 12.19 Bn |
| 3 | Progressive | 127.28 Bn | 122.28 Bn | 9.04 Bn | 19.40 Bn |
| 4 | Travelers Companies | 77.04 Bn | 53.29 Bn | 6.23 Bn | 9.39 Bn |
| 5 | Allstate | 65.93 Bn | 27.18 Bn | 16.28 Bn | 14.45 Bn |
| 6 | Aflac | 58.87 Bn | -44.13 Bn | 2.27 Bn | 3.12 Bn |
| 7 | American International | 39.98 Bn | 2.19 Bn | 3.50 Bn | 5.82 Bn |
| 8 | Hartford Insurance | 37.48 Bn | 21.16 Bn | 3.18 Bn | 6.03 Bn |
| 9 | Cincinnati Financial | 26.26 Bn | 24.37 Bn | 2.39 Bn | 2.70 Bn |
| 10 | Markel | 22.63 Bn | 6.21 Bn | 2.83 Bn | 3.63 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.12 Bn |
| Mar 31, 2026 | 3.12 Bn |
| Dec 31, 2025 | 3.29 Bn |
| Sep 30, 2025 | 2.75 Bn |
| Jun 30, 2025 | 3.34 Bn |
| Mar 31, 2025 | 3.25 Bn |
| Dec 31, 2024 | 3.27 Bn |
| Sep 30, 2024 | 2.86 Bn |
| Jun 30, 2024 | 3.12 Bn |
| Mar 31, 2024 | 3.27 Bn |
| Dec 31, 2023 | 3.49 Bn |
| Sep 30, 2023 | 3.15 Bn |
| Jun 30, 2023 | 3.35 Bn |
| Mar 31, 2023 | 3.46 Bn |
| Dec 31, 2022 | 3.41 Bn |
| Sep 30, 2022 | 3.38 Bn |
| Jun 30, 2022 | 3.61 Bn |
| Mar 31, 2022 | 3.88 Bn |
| Dec 31, 2021 | 3.77 Bn |
| Sep 30, 2021 | 4.12 Bn |