Stocks · Financial Services · Insurance - Life
Aflac Incorporated AFL
$111.54 +0.32% Close, Oct 2, 2026 · NYSE · Market cap $56.77B
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $9.28, up 110.3% year over year.
- Operating margin widened to 32.2% from 19.7% a year earlier.
- The diluted share count fell 6.1% in a year, mainly through buybacks.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth61Neutral
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 35%
- EPS growth (TTM, YoY)Top 10%
- FCF growth (TTM, YoY)Bottom 35%
- Revenue growth, 3-year CAGRBottom 6%
- Revenue growth accelerationTop 17%
Quality56Neutral
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 31%
- Gross marginBottom 26%
- Operating marginTop 24%
- Cash conversion (OCF / net income)Bottom 26%
- Accruals (lower is better)Bottom 20%
- Net debt / EBITDA (lower is better)Top 37%
- Interest coverTop 6%
Value60Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 33%
- Free-cash-flow yieldBottom 34%
- EBITDA / enterprise valueTop 22%
- Sales / enterprise valueBottom 49%
- P/E vs own 5-year history (lower is better)Bottom 41%
Momentum26Very weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 46%
- 6-month returnBottom 25%
- 1-year return vs S&P 500Bottom 36%
- Distance from 52-week highBottom 36%
- Trend checklist (0–4)Bottom 27%
Revisions17Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 37%
- Consecutive EPS beatsBottom 17%
- Share of analysts rating BuyBottom 22%
- Upside to consensus price targetBottom 23%
Stability78Positive
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 32%
- Maximum drawdown, 3 yearsTop 22%
- Beta vs S&P 500 (lower is better)Top 30%
- Net debt / EBITDA (lower is better)Top 37%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 6.3% | 11.6% | ↑ |
| EPS growth (YoY) | 36.8% | 110.3% | ↑ |
| Gross margin | 28.9% | 53.9% | ↑ |
| Operating margin | 19.7% | 32.2% | ↑ |
| FCF margin | 16.0% | 14.6% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 11.6% | 6.3% | ↑ | Top 35% |
| EPS growth (TTM, YoY) | 110.3% | 36.8% | ↑ | Top 10% |
| Gross margin | 53.9% | 28.9% | ↑ | Bottom 26% |
| Operating margin | 32.2% | 19.7% | ↑ | Top 24% |
| Net margin | 26.9% | 15.0% | ↑ | — |
| Free-cash-flow margin | 14.6% | 16.0% | ↓ | — |
| Return on invested capital | 4.6% | — | Top 31% | |
| Revenue growth, 3-year CAGR | -3.1% | — | Bottom 6% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.54×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 1.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- -0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +74.9 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.38×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 24.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.10%
- Net buyback yield (TTM)
- 6.66%
- Shareholder yield
- 8.76%
- Share count change, 1 year
- -6.1%
- Share count change, 3-year CAGR
- -5.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 7, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- +7.7%
- Average 2-day reaction, last 8
- +0.6%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $118.86
- Target vs current price
- +6.6%
- Analysts with a rating
- 32
- Share rating Buy or Strong Buy
- 28%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | -0.6% | +0.9% | -3.8% | -6.6% | — |
| Apr 29, 2026 | -2.2% | -0.1% | -1.6% | -1.2% | +8.0% |
| Feb 4, 2026 | -7.1% | +1.4% | +3.4% | +0.4% | +1.5% |
| Nov 4, 2025 | +40.7% | +1.7% | +6.2% | +1.7% | +3.7% |
| Aug 5, 2025 | +4.7% | +0.4% | +5.7% | +7.2% | +8.2% |
| Apr 30, 2025 | -0.6% | +0.1% | -2.5% | -6.1% | -4.8% |
| Feb 5, 2025 | -3.7% | +0.5% | -3.5% | +1.3% | -3.0% |
| Oct 30, 2024 | +27.8% | +0.1% | -4.0% | +3.7% | -2.5% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $1.75 | $1.76 | -0.6% | $4.12B |
| Apr 29, 2026 | $1.75 | $1.79 | -2.2% | $4.35B |
| Feb 4, 2026 | $1.57 | $1.69 | -7.1% | $4.87B |
| Nov 4, 2025 | $2.49 | $1.77 | +40.7% | $4.79B |
| Aug 5, 2025 | $1.78 | $1.70 | +4.7% | $4.22B |
| Apr 30, 2025 | $1.66 | $1.67 | -0.6% | $3.45B |
| Feb 5, 2025 | $1.56 | $1.62 | -3.7% | $5.50B |
| Oct 30, 2024 | $2.16 | $1.69 | +27.8% | $3.04B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 12.0× | 10.3× | 67th | Top 33% |
| P/E (forward) | 15.9× | — | — | — |
| EV / EBITDA | 8.6× | — | — | Top 22% |
| EV / Sales | 3.28× | — | — | Bottom 49% |
| Free-cash-flow yield | 4.66% | — | — | Bottom 34% |
| Earnings yield | 8.32% | — | — | Top 33% |
P/E over the past five years
Range 6.7× – 22.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +0.7%
- Earnings per share growth (TTM)
- +110.3%
- Change in P/E multiple
- -40.1%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -2.2%
- 200-day average slope (20 days)
- +0.4%
- Distance from 50-day average
- -6.1%
- Distance from 200-day average
- -3.0%
- RSI (14)
- 31.5
- Relative volume
- 0.90×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 17.3%
- Volatility vs own 5-year history
- 22th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.40
- Correlation with S&P 500
- 0.31
- Current drawdown from 1-year high
- -13.9%
- Maximum drawdown, 3 years
- -14.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 20, 2022 | Jun 16, 2022 | -20.4% | 40 days | 95 days (Nov 1, 2022) |
| Jan 6, 2023 | Mar 15, 2023 | -17.1% | 46 days | 96 days (Aug 2, 2023) |
| Oct 4, 2024 | Aug 1, 2025 | -14.9% | 205 days | 129 days (Feb 5, 2026) |
| Jul 28, 2026 | Oct 1, 2026 | -14.2% | 46 days | Not yet recovered |
| Oct 12, 2020 | Oct 30, 2020 | -11.6% | 14 days | 6 days (Nov 9, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $56.77B
- P/E (TTM)
- 12.0
- EPS, diluted (TTM)
- $9.28
- Revenue (TTM)
- $18.09B
- Dividend yield
- 2.16%
- 52-week range
- $105.43 – $130.22
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $21.55B | $19.15B | $18.84B | $19.13B | $17.44B |
| Gross profit | $21.55B | $19.15B | $18.84B | $6.82B | $6.79B |
| Operating income | $5.21B | $4.87B | $5.26B | $6.42B | $4.64B |
| Net income | $4.23B | $4.42B | $4.66B | $5.44B | $3.65B |
| EPS (diluted) | $6.39 | $6.93 | $7.78 | $9.63 | $6.83 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.04B | $5.50B | $3.45B | $4.22B | $4.79B | $4.90B | $4.32B | $4.08B |
| Net income | -$93.0M | $1.90B | $29.0M | $599.0M | $1.64B | $1.38B | $1.02B | $825.0M |
| EPS (diluted) | -$0.17 | $3.42 | $0.05 | $1.11 | $3.08 | $2.59 | $1.98 | $1.63 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $5.05B | $3.88B | $3.19B | $2.71B | $2.56B |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Free cash flow | $5.05B | $3.88B | $3.19B | $2.71B | $2.56B |
| Dividends paid | -$855.0M | -$979.0M | -$966.0M | -$1.09B | -$1.20B |
| Net share buybacks | -$2.27B | -$2.38B | -$2.78B | -$2.79B | -$3.52B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $93.65B
- Total assets
- $115.96B
- Total liabilities
- $85.65B
- Total debt
- $8.73B
- Net debt
- $2.61B
- Shareholders’ equity
- $30.31B
As of Jun 30, 2026 (filed Aug 7, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 19, 2026 | $0.61 | Sep 1, 2026 |
| May 20, 2026 | $0.61 | Jun 1, 2026 |
| Feb 18, 2026 | $0.61 | Mar 2, 2026 |
| Nov 19, 2025 | $0.58 | Dec 1, 2025 |
| Aug 20, 2025 | $0.58 | Sep 2, 2025 |
| May 21, 2025 | $0.58 | Jun 2, 2025 |
| Feb 19, 2025 | $0.58 | Mar 3, 2025 |
| Nov 20, 2024 | $0.50 | Dec 2, 2024 |
Short interest
- Shares sold short
- 11,592,013
- Days to cover
- 5.60
- Change vs previous report
- +5.2%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 19, 2018
- 2-for-1
- Mar 19, 2001
- 2-for-1
- Jun 9, 1998
- 2-for-1
- Mar 18, 1996
- 3-for-2
- Jun 15, 1993
- 5-for-4