Aflac Q2 2026: revenue down 1.0%, adjusted EPS $1.75 misses consensus
Revenue fell 1.0% to $4.12 billion and adjusted EPS of $1.75 came in just below the $1.7854 consensus, so this reads as a modest miss rather than a break. The GAAP headline of $1.63 jumped 37.7% only because investment losses shrank. Read every number with the yen in mind: a 9.3% weaker average rate dragged reported dollars down.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $1.63, up from $1.11 a year ago. That increase is mostly optical: net investment losses were $153 million this quarter versus $421 million last year, and those swings flow through GAAP earnings. Adjusted EPS, which strips them out, fell 1.7% to $1.75 and landed just under the $1.7854 consensus estimate.
Second-quarter revenue was $4.12 billion, down 1.0% from $4.16 billion a year ago. Aflac Japan contributed $2.16 billion, Aflac U.S. $1.77 billion and Corporate and Other $0.29 billion. In local terms the two big units diverge: Japan's total adjusted revenues fell 3.6% in yen, while U.S. total adjusted revenues rose 2.5%.
Log in to read 5 analyses a week for free
Create a free account to read 5 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.