American International (AIG) financial statements
American International reported revenue of $26.8B in fiscal 2025, down 7.2% a year over 9 years.
Net income was $3.1B and the operating margin 14.5%, against -0.1% in 2016.
The diluted share count fell 48% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from American International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52.4B | $49.5B | $47.4B | $49.7B | $43.7B | $52.2B | $30.0B | $27.9B | $27.3B | $26.8B |
| Selling, general and admin | $11.0B | $9.1B | $9.3B | $8.5B | $8.4B | $8.7B | $6.2B | $5.4B | $5.5B | $5.1B |
| Operating income | -$74M | $1.5B | $257M | $5.3B | -$7.3B | $13.3B | $3.8B | $2.9B | $3.9B | $3.9B |
| Interest expense | $1.3B | $1.2B | $1.3B | $1.4B | $1.5B | $1.3B | $603M | $516M | $462M | $396M |
| Pre-tax income | -$74M | $1.5B | $257M | $5.3B | -$7.3B | $13.3B | $3.8B | $2.9B | $3.9B | $3.9B |
| Income tax | $185M | $7.5B | $154M | $1.2B | -$1.5B | $2.4B | $882M | $126M | $1.2B | $782M |
| Net income | -$849M | -$6.1B | -$6M | $3.3B | -$5.9B | $10.4B | $10.2B | $3.6B | -$1.4B | $3.1B |
| EPS (diluted) | -$0.78 | -$6.54 | -$0.01 | $3.74 | -$6.88 | $11.95 | $12.94 | $4.98 | -$2.17 | $5.43 |
| Diluted shares | 1.09B | 931M | 910M | 890M | 869M | 865M | 788M | 725M | 657M | 570M |
| Operating margin | -0.1% | 3.0% | 0.5% | 10.6% | -16.7% | 25.6% | 12.6% | 10.3% | 14.2% | 14.5% |
| Net margin | -1.6% | -12.3% | -0.0% | 6.7% | -13.6% | 19.9% | 34.1% | 13.0% | -5.2% | 11.6% |
Balance sheet
Fiscal years, from American International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $14.2B | $12.7B | $12.5B | $16.1B | $2.8B | $2.2B | $1.5B | $1.5B | $1.3B | $1.3B |
| Property, plant and equipment | $2.7B | $2.5B | $2.2B | $2.0B | $1.8B | $1.8B | $1.2B | $1.1B | $1.1B | $1.4B |
| Goodwill | $1.5B | $1.6B | $4.1B | $4.0B | $4.1B | $4.1B | $3.8B | $3.4B | $3.4B | $3.4B |
| Total assets | $498.3B | $498.3B | $492.0B | $525.1B | $586.5B | $596.1B | $522.2B | $539.3B | $161.3B | $161.3B |
| Total liabilities | $421.4B | $432.6B | $434.7B | $457.6B | $519.3B | $527.2B | $478.8B | $488.0B | $118.8B | $120.1B |
| Shareholders' equity | $76.3B | $65.2B | $56.4B | $65.7B | $66.4B | $66.0B | $41.0B | $45.4B | $42.5B | $41.1B |
| Net debt | -$1.9B | -$2.4B | -$2.9B | -$2.9B | -$2.8B | -$2.2B | -$1.5B | -$1.5B | -$1.3B | -$1.3B |
Cash flow
Fiscal years, from American International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.5B | -$7.8B | -$394M | -$1.8B | $1.0B | $6.2B | $4.1B | $6.2B | $3.3B | $3.3B |
| Capital spending | $1.1B | $483M | $368M | $304M | $353M | $343M | $210M | $240M | — | — |
| Free cash flow | $2.4B | -$8.3B | -$762M | -$2.1B | $685M | $5.9B | $3.9B | $6.0B | — | — |
| Stock-based compensation | $237M | $353M | $337M | $314M | $274M | $278M | $288M | $199M | $211M | $207M |
| Dividends paid | $1.4B | $1.2B | $1.1B | $1.1B | $1.1B | $1.1B | $982M | $997M | $1.0B | $976M |
| Share buybacks (net) | -$11.5B | -$6.3B | -$1.7B | $0 | -$500M | -$2.6B | -$5.2B | -$3.0B | -$6.7B | -$5.8B |
| Net borrowing | $1.9B | -$342M | $1.1B | $679M | $2.3B | -$4.0B | -$2.0B | -$1.6B | $661M | $1.2B |
| Free cash flow margin | 4.6% | -16.8% | -1.6% | -4.2% | 1.6% | 11.3% | 13.1% | 21.5% | — | — |
| Dividends per share | $1.26 | $1.26 | $1.25 | $1.25 | $1.27 | $1.25 | $1.25 | $1.37 | $1.52 | $1.71 |
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Open AIG in InvestinglyQuestions
What was American International's revenue in 2025?
$26.8B in fiscal 2025, from its 10-K filing.
From American International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.