Aflac annual net debt
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2025
Aflac Net Debt Growth & History (AFL)
Aflac's net debt was $2.24B for fiscal 2025.
View full Aflac company overviewAflac annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.24B | $877.0M | +64.49% |
| 2024 | 2024-12-31 | $1.36B | −$1.82B | −57.18% |
| 2023 | 2023-12-31 | $3.18B | −$462.0M | −12.70% |
| 2022 | 2022-12-31 | $3.64B | $628.0M | +20.86% |
| 2021 | 2021-12-31 | $3.01B | $109.0M | +3.76% |
| 2020 | 2020-12-31 | $2.90B | $1.08B | +59.22% |
| 2019 | 2019-12-31 | $1.82B | $381.0M | +26.44% |
| 2018 | 2018-12-31 | $1.44B | −$357.0M | −19.86% |
| 2017 | 2017-12-31 | $1.80B | $1.30B | +258.88% |
| 2016 | 2016-12-31 | $501.0M | −$120.0M | −19.32% |
| 2015 | 2015-12-31 | $621.0M | −$3.0M | −0.48% |
| 2014 | 2014-12-31 | $624.0M | −$1.73B | −73.49% |
| 2013 | 2013-12-31 | $2.35B | $43.0M | +1.86% |
| 2012 | 2012-12-31 | $2.31B | $1.27B | +123.07% |
| 2011 | 2011-12-31 | $1.04B | $119.0M | +12.98% |
| 2010 | 2010-12-31 | $917.0M | — | — |
Aflac quarterly net debt
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Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $2.69B | $627.0M | +30.45% |
| Q1 2026 | 2026-03-31 | $2.33B | −$283.0M | −10.83% |
| Q4 2025 | 2025-12-31 | $2.24B | $877.0M | +64.49% |
| Q3 2025 | 2025-09-30 | $2.00B | −$471.0M | −19.06% |
| Q2 2025 | 2025-06-30 | $2.06B | $586.0M | +39.78% |
| Q1 2025 | 2025-03-31 | $2.61B | −$307.0M | −10.51% |
| Q4 2024 | 2024-12-31 | $1.36B | −$1.82B | −57.18% |
| Q3 2024 | 2024-09-30 | $2.47B | $882.0M | +55.51% |
| Q2 2024 | 2024-06-30 | $1.47B | −$1.03B | −41.22% |
| Q1 2024 | 2024-03-31 | $2.92B | −$832.0M | −22.17% |
| Q4 2023 | 2023-12-31 | $3.18B | −$462.0M | −12.70% |
| Q3 2023 | 2023-09-30 | $1.59B | −$1.34B | −45.68% |
| Q2 2023 | 2023-06-30 | $2.51B | $135.0M | +5.69% |
| Q1 2023 | 2023-03-31 | $3.75B | $130.0M | +3.59% |
| Q4 2022 | 2022-12-31 | $3.64B | $628.0M | +20.86% |
| Q3 2022 | 2022-09-30 | $2.92B | $951.0M | +48.18% |
| Q2 2022 | 2022-06-30 | $2.37B | −$410.0M | −14.74% |
| Q1 2022 | 2022-03-31 | $3.62B | $388.0M | +11.99% |
| Q4 2021 | 2021-12-31 | $3.01B | $109.0M | +3.76% |
| Q3 2021 | 2021-09-30 | $1.97B | −$427.0M | −17.78% |
| Q2 2021 | 2021-06-30 | $2.78B | $396.0M | +16.60% |
| Q1 2021 | 2021-03-31 | $3.23B | $476.0M | +17.25% |
| Q4 2020 | 2020-12-31 | $2.90B | $1.08B | +59.22% |
| Q3 2020 | 2020-09-30 | $2.40B | $259.0M | +12.09% |
| Q2 2020 | 2020-06-30 | $2.38B | −$948.0M | −28.44% |
| Q1 2020 | 2020-03-31 | $2.76B | $629.0M | +29.53% |
| Q4 2019 | 2019-12-31 | $1.82B | $381.0M | +26.44% |
| Q3 2019 | 2019-09-30 | $2.14B | $292.0M | +15.78% |
| Q2 2019 | 2019-06-30 | $3.33B | $1.86B | +127.04% |
| Q1 2019 | 2019-03-31 | $2.13B | $838.0M | +64.86% |
| Q4 2018 | 2018-12-31 | $1.44B | −$357.0M | −19.86% |
| Q3 2018 | 2018-09-30 | $1.85B | $1.53B | +476.32% |
| Q2 2018 | 2018-06-30 | $1.47B | $480.0M | +48.58% |
| Q1 2018 | 2018-03-31 | $1.29B | $247.0M | +23.64% |
| Q4 2017 | 2017-12-31 | $1.80B | $1.30B | +258.88% |
| Q3 2017 | 2017-09-30 | $321.0M | −$174.0M | −35.15% |
| Q2 2017 | 2017-06-30 | $988.0M | −$321.0M | −24.52% |
| Q1 2017 | 2017-03-31 | $1.04B | −$490.0M | −31.92% |
| Q4 2016 | 2016-12-31 | $501.0M | −$120.0M | −19.32% |
| Q3 2016 | 2016-09-30 | $495.0M | −$994.0M | −66.76% |
| Q2 2016 | 2016-06-30 | $1.31B | −$1.01B | −43.63% |
| Q1 2016 | 2016-03-31 | $1.53B | −$384.0M | −20.01% |
| Q4 2015 | 2015-12-31 | $621.0M | −$3.0M | −0.48% |
| Q3 2015 | 2015-09-30 | $1.49B | −$403.0M | −21.30% |
| Q2 2015 | 2015-06-30 | $2.32B | −$351.0M | −13.13% |
| Q1 2015 | 2015-03-31 | $1.92B | −$1.00B | −34.26% |
| Q4 2014 | 2014-12-31 | $624.0M | −$1.73B | −73.49% |
| Q3 2014 | 2014-09-30 | $1.89B | −$312.0M | −14.16% |
| Q2 2014 | 2014-06-30 | $2.67B | $115.0M | +4.50% |
| Q1 2014 | 2014-03-31 | $2.92B | $1.23B | +73.03% |
| Q4 2013 | 2013-12-31 | $2.35B | $43.0M | +1.86% |
| Q3 2013 | 2013-09-30 | $2.20B | $788.0M | +55.65% |
| Q2 2013 | 2013-06-30 | $2.56B | $1.02B | +65.89% |
| Q1 2013 | 2013-03-31 | $1.69B | −$67.0M | −3.82% |
| Q4 2012 | 2012-12-31 | $2.31B | $1.27B | +123.07% |
| Q3 2012 | 2012-09-30 | $1.42B | −$23.0M | −1.60% |
| Q2 2012 | 2012-06-30 | $1.54B | — | — |
| Q1 2012 | 2012-03-31 | $1.75B | — | — |
| Q4 2011 | 2011-12-31 | $1.04B | $119.0M | +12.98% |
| Q3 2011 | 2011-09-30 | $1.44B | — | — |
| Q4 2010 | 2010-12-31 | $917.0M | — | — |
Aflac net debt trends
Over the last five fiscal years, Aflac's net debt decreased from $2.90B to $2.24B, a change of −$664.0M. The latest reported quarter, Q2 2026, shows $2.69B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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