Aflac (AFL) Revenue — Quarter Ended Jun 30, 2023
Revenue increased compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.2B
Revenue reported for this quarter.
Quarter-over-quarter
+7.8%
Change from the immediately preceding quarter.
Year-over-year
-2.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $4.7B | -10.2% |
| Dec 31, 2022 | $3.9B | -19.2% |
| Mar 31, 2023 | $4.8B | -7.2% |
| Jun 30, 2023 | $5.2B | -2.7% |
Revenue performance
The reported revenue for this quarter reflects a sequential improvement from the prior quarter. The upward movement reverses the downward trend seen in recent quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose. Compared with the same quarter one year earlier, revenue was lower.
What to watch
The year-over-year decline in revenue warrants attention, as it contrasts with the sequential improvement.