Aflac (AFL) Operating Expenses (2009 - 2026)
Aflac (AFL) posted Operating Expenses of $3.1 billion for Q1 2026, up 124.21% sequentially from $1.4 billion in Q4 2025, and down 4.06% YoY from $3.3 billion in Q1 2025.
Aflac (AFL) Operating Expenses (2009 - 2026) Analysis & Trends
Aflac has reported Operating Expenses for 18 years, with the latest figure at $3.1 billion in Q1 2026.
- Quarterly Operating Expenses fell 4.06% year-over-year to $3.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $9.2 billion (up 2.0% YoY) and the FY2025 annual result came in at $5.3 billion, down 57.33% from the prior year.
- Operating Expenses improved to $3.1 billion in Q1 2026 per AFL's latest filing, from $1.4 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $3.9 billion in Q1 2022 and troughed at $1.2 billion in Q2 2024.
- A 5-year average of $2.6 billion and a median of $3.3 billion in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses tumbled 71.01% in 2022, then soared 178.63% in 2025.
- Over 5 years, Operating Expenses stood at $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 slumped by 57.41% to $1.4 billion in 2025, then surged by 124.21% to $3.1 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $3.1 billion, $1.4 billion, and $1.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Manulife Financial | 70.86 Bn | 50.95 Bn | - | -208.93 Mn |
| 2 | Metlife | 60.18 Bn | 32.86 Bn | 7.82 Bn | 18.12 Bn |
| 3 | Aflac | 58.60 Bn | -44.40 Bn | 2.27 Bn | 3.12 Bn |
| 4 | Prudential | 35.64 Bn | 27.32 Bn | - | -171.00 Mn |
| 5 | Unum | 13.88 Bn | 4.33 Bn | 1.38 Bn | 3.04 Bn |
| 6 | Primerica | 9.32 Bn | 8.68 Bn | 717.74 Mn | 606.85 Mn |
| 7 | Jackson Financial | 9.08 Bn | 3.09 Bn | - | 687.00 Mn |
| 8 | Lincoln National | 8.09 Bn | -3.59 Bn | 2.62 Bn | 2.90 Bn |
| 9 | Genworth Financial | 3.76 Bn | 1.78 Bn | 668.00 Mn | 1.79 Bn |
| 10 | Brighthouse Financial | 3.06 Bn | -5.00 Bn | 1.03 Bn | 487.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.12 Bn |
| Mar 31, 2026 | 3.12 Bn |
| Dec 31, 2025 | 1.39 Bn |
| Sep 30, 2025 | 1.31 Bn |
| Jun 30, 2025 | 3.34 Bn |
| Mar 31, 2025 | 3.25 Bn |
| Dec 31, 2024 | 3.27 Bn |
| Sep 30, 2024 | 1.26 Bn |
| Jun 30, 2024 | 1.20 Bn |
| Mar 31, 2024 | 1.26 Bn |
| Dec 31, 2023 | 3.49 Bn |
| Sep 30, 2023 | 3.15 Bn |
| Jun 30, 2023 | 1.25 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 | 11.76 Bn |
| Sep 30, 2021 | 1.52 Bn |