Aflac (AFL) Revenue — Quarter Ended Sep 30, 2024
Revenue declined sharply in the reporting quarter relative to both the prior sequential period and the same period last year. The drop follows a period of generally rising revenue earlier in the fiscal year.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue declined sharply in the reporting quarter relative to both the prior sequential period and the same period last year. The drop follows a period of generally rising revenue earlier in the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.9B
Revenue reported for this quarter.
Quarter-over-quarter
-42.6%
Change from the immediately preceding quarter.
Year-over-year
-40.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.3B
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 |
|---|---|---|
| Dec 31, 2023 | $3.8B | -4.3% |
| Mar 31, 2024 | $5.4B | +13.3% |
| Jun 30, 2024 | $5.1B | -0.7% |
| Sep 30, 2024 | $2.9B | -40.4% |
Revenue performance
Revenue for the quarter was lower than that of the immediately preceding quarter, continuing a reversal from the prior two quarters' sequential gains.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was also lower. The current quarter's level is the lowest among the most recent four quarterly periods shown.
What to watch
The magnitude of the sequential and year-over-year declines may merit attention in upcoming filings.