Metlife (MET) Cost of Revenue (2009 - 2026)
Metlife (MET) recorded quarterly Cost of Revenue of $11.9 billion in Q1 2026, down 29.28% quarter-over-quarter from $16.8 billion in Q4 2025, and little changed on a YoY basis from $11.8 billion in Q1 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.
- In Q1 2026, Cost of Revenue changed 0.49% year-over-year to $11.9 billion; the TTM figure through Mar 2026 stood at $49.8 billion (up 7.14% YoY), while the FY2025 annual figure was $49.7 billion, up 11.16% from the prior year.
- Cost of Revenue was $11.9 billion for Q1 2026 at Metlife, down from $16.8 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $17.6 billion in Q3 2022 to a low of $9.1 billion in Q4 2022.
- Historically, Cost of Revenue has averaged $11.8 billion across 5 years, with a median of $11.5 billion in 2024.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue jumped 74.24% in 2022, then sank 36.77% in 2023.
- A 5-year view of Cost of Revenue shows it 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.
- The last three Cost of Revenue figures came in at $11.9 billion (Q1 2026), $16.8 billion (Q4 2025), and $10.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Manulife Financial | 575.36 Bn | 575.36 Bn | - | - |
| 2 | Aflac | 60.03 Bn | 54.38 Bn | 1.48 Bn | 1.83 Bn |
| 3 | Metlife | 56.29 Bn | 40.35 Bn | 256.00 Mn | 11.86 Bn |
| 4 | Unum | 14.92 Bn | 4.96 Bn | 1.40 Bn | 1.96 Bn |
| 5 | Globe Life | 12.80 Bn | 12.12 Bn | 1.45 Bn | 113.74 Mn |
| 6 | Primerica | 8.79 Bn | 8.79 Bn | 770.81 Mn | 101.88 Mn |
| 7 | Jackson Financial | 7.51 Bn | 1.68 Bn | - | - |
| 8 | Lincoln National | 6.95 Bn | -8.74 Bn | 3.25 Bn | 2.06 Bn |
| 9 | CNO Financial | 4.67 Bn | 4.33 Bn | 754.30 Mn | 275.30 Mn |
| 10 | Prudential | 4.24 Bn | 4.24 Bn | - | 3.33 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |