AFLAC INC (AFL) closed fiscal year 2025 with a gross margin of 57.5 % and a net margin of 21.2 %.
AFLAC INC (AFL) closed fiscal year 2025 with a gross margin of 57.5 % and a net margin of 21.2 %. The same year shows an EBIT margin of 27.7 %. The free cash flow margin was 14.9 %. Against the previous year the gross margin moved −3.1 pp and the net margin −7.5 pp. Across the period the gross margin ranges between 36.6 % in 2008 and 60.6 % in 2024. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 39.68 % | 36.58 % | 38.05 % | 41.61 % | 37.99 % | 39.56 % | 42.30 % | 43.08 % | 43.72 % | 42.73 % | 43.78 % | 44.85 % | 46.47 % | 46.74 % | 51.40 % | 53.57 % | 56.09 % | 60.64 % | 57.51 % |
| EBITDA margin (%) | — | — | 19.26 % | 19.61 % | 20.59 % | 18.63 % | 18.66 % | 18.95 % | 19.41 % | 18.49 % | 19.11 % | 20.24 % | 20.18 % | 20.12 % | 23.10 % | 21.95 % | — | — | — |
| EBIT margin (%) | — | — | 18.82 % | 19.21 % | 20.31 % | 18.36 % | 18.38 % | 18.71 % | 19.17 % | 18.25 % | 18.86 % | 20.01 % | 20.00 % | 19.94 % | 22.89 % | 21.72 % | 29.18 % | 34.94 % | 27.69 % |
| Net margin (%) | 10.62 % | 7.58 % | 8.20 % | 11.23 % | 8.74 % | 11.30 % | 13.19 % | 12.98 % | 12.14 % | 11.79 % | 21.25 % | 13.42 % | 14.81 % | 21.57 % | 19.63 % | 23.08 % | 24.91 % | 28.76 % | 21.24 % |
| FCF margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 20.27 % | 17.06 % | 14.30 % | 14.89 % |
