Metlife (MET) Cost of Revenue (2009 - 2026)
Metlife (MET) posted Cost of Revenue of $11.3 billion for Q2 2026, down 4.46% on a QoQ basis from $11.9 billion in Q1 2026, and up 5.28% year-over-year from $10.8 billion in Q2 2025.
Analysis
Metlife (MET) Cost of Revenue (2009 - 2026) Analysis & Trends
Metlife has reported Cost of Revenue for 18 years, with the latest figure at $11.3 billion in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 5.28% year-over-year to $11.3 billion in Q2 2026; TTM through Jun 2026 was $50.3 billion, a 10.06% 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 was $11.3 billion for Q2 2026 at Metlife, down from $11.9 billion in the prior quarter.
- The five-year high for Cost of Revenue was $17.6 billion in Q3 2022, with the low at $9.1 billion in Q4 2022.
- Average Cost of Revenue over 5 years is $11.8 billion, with a median of $11.4 billion recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue surged 74.24% in 2022, then plunged 36.77% in 2023.
- Over 5 years, Cost of Revenue stood at $9.1 billion in 2022, then increased by 29.23% to $11.8 billion in 2023, then rose by 6.73% to $12.6 billion in 2024, then soared by 33.44% to $16.8 billion in 2025, then plunged by 32.43% to $11.3 billion in 2026.
- The last three Cost of Revenue figures came in at $11.3 billion (Q2 2026), $11.9 billion (Q1 2026), and $16.8 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Manulife Financial | 75.56 Bn | 76.77 Bn | - | - |
| 2 | Metlife | 61.89 Bn | 34.88 Bn | 7.82 Bn | 11.34 Bn |
| 3 | Sun Life Financial | 45.01 Bn | 40.41 Bn | - | - |
| 4 | Globe Life | 16.00 Bn | 15.24 Bn | 801.48 Mn | 798.25 Mn |
| 5 | Equitable Holdings | 14.74 Bn | -2.55 Bn | 1.22 Bn | 435.00 Mn |
| 6 | Brookfield Wealth Solutions | 12.45 Bn | 11.71 Mn | 1.92 Bn | 2.30 Bn |
| 7 | Corebridge Financial | 9.60 Bn | -296.03 Bn | 2.79 Bn | 1.12 Bn |
| 8 | Jackson Financial | 9.04 Bn | 3.56 Bn | - | - |
| 9 | Primerica | 8.98 Bn | 8.35 Bn | 717.74 Mn | 147.33 Mn |
| 10 | Lincoln National | 8.08 Bn | -3.60 Bn | 2.62 Bn | 1.92 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.34 Bn |
| Mar 31, 2026 | 11.86 Bn |
| Dec 31, 2025 | 16.78 Bn |
| Sep 30, 2025 | 10.37 Bn |
| Jun 30, 2025 | 10.77 Bn |
| Mar 31, 2025 | 11.81 Bn |
| Dec 31, 2024 | 12.57 Bn |
| Sep 30, 2024 | 10.60 Bn |
| Jun 30, 2024 | 11.49 Bn |
| Mar 31, 2024 | 10.07 Bn |
| Dec 31, 2023 | 11.78 Bn |
| Sep 30, 2023 | 11.13 Bn |
| Jun 30, 2023 | 11.81 Bn |
| Mar 31, 2023 | 9.87 Bn |
| Dec 31, 2022 | 9.12 Bn |
| Sep 30, 2022 | 17.60 Bn |
| Jun 30, 2022 | 11.62 Bn |
| Mar 31, 2022 | 11.17 Bn |
| Dec 31, 2021 | 13.09 Bn |
| Sep 30, 2021 | 10.10 Bn |