Metlife (MET) Cost of Revenue (2009 - 2026)

Metlife's (MET) quarterly Cost of Revenue came in at $11.9 billion in Q1 2026, little changed year-on-year from $11.8 billion in Q1 2025, and down 29.28% quarter-over-quarter from $16.8 billion in Q4 2025.

Metlife (MET) Cost of Revenue (2009 - 2026) Analysis & Trends

Metlife's Cost of Revenue history runs 18 years deep, the most recent figure standing at $11.9 billion for Q1 2026.

  • On a quarterly basis, Cost of Revenue changed 0.49% year-over-year to $11.9 billion in Q1 2026; TTM through Mar 2026 was $49.8 billion, a 7.14% increase from a year earlier, with the FY2025 full-year figure at $49.7 billion, up 11.16% from the prior year.
  • Cost of Revenue slipped to $11.9 billion in Q1 2026 per MET's latest filing, from $16.8 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $17.6 billion in Q3 2022 and bottomed at $9.1 billion in Q4 2022.
  • The 5-year median for Cost of Revenue is $11.5 billion (2024), against an average of $11.8 billion.
  • Across the five-year window, Cost of Revenue soared 74.24% in 2022 and sank 36.77% in 2023, its largest moves.
  • Year by year, Cost of Revenue stood at $9.1 billion in 2022, then grew by 29.23% to $11.8 billion in 2023, then increased by 6.73% to $12.6 billion in 2024, then surged by 33.44% to $16.8 billion in 2025, then declined by 29.28% to $11.9 billion in 2026.
  • Per Business Quant, the three latest MET Cost of Revenue figures stand at $11.9 billion (Q1 2026), $16.8 billion (Q4 2025), and $10.4 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Prudential 75.74 Bn 67.41 Bn - 3.33 Bn
2 Manulife Financial 73.69 Bn 73.69 Bn - -
3 Aflac 64.95 Bn 59.30 Bn 2.51 Bn 1.83 Bn
4 Metlife 62.10 Bn 45.95 Bn 256.00 Mn 11.86 Bn
5 Unum 14.20 Bn 4.24 Bn 1.40 Bn 1.96 Bn
6 Primerica 10.02 Bn 9.35 Bn 770.81 Mn 101.88 Mn
7 Jackson Financial 8.48 Bn 2.94 Bn - -
8 Lincoln National 7.91 Bn -986.27 Mn 3.25 Bn 2.06 Bn
9 F&G Annuities & Life 3.93 Bn 1.61 Bn 1.15 Bn 33.00 Mn
10 Genworth Financial 3.85 Bn 1.73 Bn 553.00 Mn 1.22 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 11.86 Bn
Mar 31, 2026 11.86 Bn
Dec 31, 2025 16.78 Bn
Dec 31, 2025 16.78 Bn
Sep 30, 2025 10.37 Bn
Sep 30, 2025 10.37 Bn
Jun 30, 2025 10.77 Bn
Jun 30, 2025 10.77 Bn
Mar 31, 2025 11.81 Bn
Mar 31, 2025 11.81 Bn
Dec 31, 2024 12.57 Bn
Dec 31, 2024 12.57 Bn
Sep 30, 2024 10.60 Bn
Sep 30, 2024 10.60 Bn
Jun 30, 2024 11.49 Bn
Jun 30, 2024 11.49 Bn
Mar 31, 2024 10.07 Bn
Mar 31, 2024 10.07 Bn
Dec 31, 2023 11.78 Bn
Dec 31, 2023 11.78 Bn