Company / Operating Margin
Aflac Operating Margin History
FY2016-FY2022 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
21.7%
FY2022
5-year range
21.7% / 22.9%
FY2018-FY2022
Trend
-5.1%
vs FY2021
Sector context
#48 of 103
Financials
What the data says
At 21.7%, Aflac's operating margin ranks #48 of 103 in the Financials sector. Operating Margin has fluctuated over the past 7 years, ranging from 18.3% in FY2016 to 22.9% in FY2021.
Based on SEC 10-K filings.
21.7% in FY2022 with a 5-year CAGR of +2.9%.
Improved from 19.9% to 21.7% over the past 2 years.
Financials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +1.7pp
- 5-Year Change
- +2.9pp
- 10-Year Change
- -
Sector benchmark
#48 of 103 in FinancialsTop 47% of 103This company 21.7% Sector average -48.0%
▼
+145.3% above sector average
Key checks
Key Insights
- In FY2022, operating margin decreased 5.1% year-over-year.
- Currently 69.7pp above the Financials sector average.
- Peak operating margin was recorded in FY2021.
- Lowest operating margin in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score 0.69 (distress zone, below 1.8 threshold)
- Strong profit margin: 23.5%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | - | - |
| FY2022 | 21.7% | -5.1% |
| FY2021 | 22.9% | +14.8% |
| FY2020 | 19.9% | -0.3% |
| FY2019 | 20.0% | -0.0% |
| FY2018 | 20.0% | +6.1% |
| FY2017 | 18.9% | +3.3% |
| FY2016 | 18.3% | -4.8% |
As of FY2022 · SEC 10-K · Updated Feb 28, 2026