Aflac (AFL) Operating Margin (2009 - 2026)

Aflac has disclosed Operating Margin across 18 years of filings, most recently posting 28.88% for Q1 2026.

• Operating Margin for Q1 2026 came in at 28.88%, up 64.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 25.95% (down 156.0% YoY), and the FY2025 annual result was 23.75%, down 688.0% from the prior year.
• Operating Margin came in at 28.88% for Q1 2026 at Aflac, up from 20.0% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 34.11% in Q3 2024 to a low of 18.4% in Q1 2024.
• The 5-year median for Operating Margin is 25.43% (2022), against an average of 24.84%.
• Across the five-year window, Operating Margin surged 1383 bps in 2024 and slumped 1051 bps in 2025, its largest moves.
• Aflac's Operating Margin stood at 25.43% in 2022, then gained by 0 bps to 25.55% in 2023, then advanced by 19 bps to 30.5% in 2024, then tumbled by 34 bps to 20.0% in 2025, then soared by 44 bps to 28.88% in 2026.
• The last three Operating Margin figures came in at 28.88% (Q1 2026), 20.0% (Q4 2025), and 31.64% (Q3 2025), per Business Quant data.