Investment Management & Other Related Fees was Manulife Financial’s largest revenue line in fiscal 2025, bringing in $3.50B of $5.04B (69%).
| Products and services [axis] | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Investment Management & Other Related Fees | $3.08B | $2.89B | -$489.00M | $3.50B |
| Transaction Processing, Administration & Service Fees | — | $2.84B | $3.21B | $302.00M |
| Transaction Processing, Administration, & Service Fees | $268.00M | — | — | — |
| Distribution Fees & Other | $89.00M | $842.00M | $918.00M | $965.00M |
| Real Estate Management Services Included In Net Investment Income | — | $303.00M | $317.00M | $276.00M |
| Real Estate Management Services | $305.00M | — | — | — |
| Total | $3.74B | $6.87B | $3.95B | $5.04B |
Manulife Financial brought in $5.04B from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 27.6% from $3.95B in fiscal 2024. Investment Management & Other Related Fees was the largest at $3.50B (69.4%), ahead of Distribution Fees & Other at $965.00M (19.1%) and Transaction Processing, Administration & Service Fees at $302.00M (6.0%). The remaining revenue line, Real Estate Management Services Included In Net Investment Income, brought in $276.00M.
Compared with fiscal 2024, Distribution Fees & Other grew fastest, up 5.1% to $965.00M, while Transaction Processing, Administration & Service Fees fell the most, down 90.6% to $302.00M.
Manulife Financial began breaking out Transaction Processing, Administration & Service Fees in fiscal 2023 and Real Estate Management Services Included In Net Investment Income in fiscal 2023. Manulife Financial stopped reporting Real Estate Management Services ($305.00M in fiscal 2022) and Transaction Processing, Administration, & Service Fees ($268.00M in fiscal 2022) as separate revenue lines.
Other Revenue was Manulife Financial’s largest region in fiscal 2025, bringing in $3.42B of $3.81B (90%).
| Geography | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Other Revenue | $3.21B | $2.98B | $3.42B |
| Revenue From Non-Service Lines | $258.00M | $589.00M | $388.00M |
| Total | $3.47B | $3.57B | $3.81B |
Manulife Financial brought in $3.81B from its two regions in fiscal 2025, the year ended December 31, 2025. That is less than the $5.04B it reports by products and services [axis], so these regions do not cover all of its revenue. Other Revenue was the largest at $3.42B (89.8%), ahead of Revenue From Non-Service Lines at $388.00M (10.2%).
Compared with fiscal 2024, Other Revenue grew 14.7% to $3.42B, while Revenue From Non-Service Lines fell 34.1% to $388.00M.
Other Subsidiaries was Manulife Financial’s largest revenue line in fiscal 2016, bringing in $42.81B of $40.50B (106%).
| Consolidated and separate financial statements [axis] | FY 2016 |
|---|---|
| Other Subsidiaries | $42.81B |
| Mfc (Guarantor) | $518.00M |
| Mfc | $518.00M |
| Other Subsidiaries Of Mfc On A Combined Basis | $377.00M |
| Manulife Finance (Delaware), L.P.[Member] | $44.00M |
| Consolidation Adjustments | -$3.77B |
| Total | $40.50B |
Manulife Financial brought in $40.50B from its six revenue lines in fiscal 2016, the year ended December 31, 2016. Other Subsidiaries was the largest at $42.81B (105.7%), ahead of Mfc (Guarantor) at $518.00M (1.3%) and Mfc at $518.00M (1.3%). The other two revenue lines brought in $421.00M combined.
The total is net of Consolidation Adjustments, which took $3.77B off revenue in fiscal 2016.
Manulife Financial (MFC) reports its revenue by products and services [axis], by geography and by consolidated and separate financial statements [axis]. In fiscal 2025, Investment Management & Other Related Fees was its largest revenue line, bringing in $3.50B (69.4% of the total), followed by Distribution Fees & Other at $965.00M (19.1%).
Investment Management & Other Related Fees was Manulife Financial's largest revenue line in fiscal 2025, bringing in $3.50B, or 69.4% of the $5.04B total across its four revenue lines.
Other Revenue was Manulife Financial's largest region in fiscal 2025, bringing in $3.42B, or 89.8% of the $3.81B total across its two regions.
Among Manulife Financial's revenue lines that make up at least 2% of revenue, Distribution Fees & Other grew fastest in fiscal 2025, up 5.1% from $918.00M to $965.00M.
Every figure comes from Manulife Financial's annual financial filings, as reported. Each line keeps the name Manulife Financial gives it, and years follow its fiscal calendar.
Manulife Financial's revenue by products and services [axis] goes back to fiscal 2022, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.