Jackson Financial (JXN) financial statements
Jackson Financial reported revenue of $6.7B in fiscal 2025, up 11.5% a year over 6 years.
Net income was $27M and the operating margin 58.1%, against 40.6% in 2019.
The diluted share count rose 88% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Jackson Financial's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $3.5B | $3.5B | $6.4B | $9.8B | $3.1B | $3.3B | $6.7B |
| Selling, general and admin | $994M | $985M | $1.1B | $875M | $1.0B | $1.1B | $1.1B |
| Operating income | $1.4B | $2.2B | $3.5B | $7.4B | $534M | $446M | $3.9B |
| Interest expense | $99M | $88M | $37M | $98M | $109M | $101M | $100M |
| Pre-tax income | -$811M | -$2.5B | $4.0B | $7.7B | $958M | $1.0B | -$114M |
| Income tax | -$369M | -$854M | $666M | $1.5B | $4M | $46M | -$186M |
| Net income | -$497M | -$1.6B | $3.4B | $6.2B | $934M | $946M | $27M |
| EPS (diluted) | -$13.16 | -$24.14 | $36.17 | $69.75 | $10.76 | $11.74 | -$0.24 |
| Diluted shares | 38M | 68M | 94M | 89M | 84M | 77M | 71M |
| Operating margin | 40.6% | 63.4% | 55.4% | 75.3% | 17.3% | 13.6% | 58.1% |
| Net margin | -14.3% | -46.1% | 53.7% | 62.8% | 30.3% | 28.9% | 0.4% |
Balance sheet
Fiscal years, from Jackson Financial's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.9B | $2.0B | $2.6B | $4.3B | $2.7B | $3.8B | $5.7B |
| Total assets | — | $353.5B | $375.6B | $315.0B | $330.3B | $338.4B | $352.6B |
| Total liabilities | — | $343.5B | $364.5B | $305.6B | $319.9B | $328.5B | $342.2B |
| Shareholders' equity | $7.3B | $9.4B | $10.4B | $8.6B | $10.2B | $9.8B | $10.0B |
| Net debt | -$1.9B | -$2.0B | -$2.6B | -$4.3B | -$2.7B | -$3.8B | -$5.7B |
Cash flow
Fiscal years, from Jackson Financial's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.4B | $3.7B | $5.7B | $5.2B | $5.3B | $5.8B | $5.8B |
| Stock-based compensation | $79M | $56M | $129M | $131M | $107M | $191M | $132M |
| Dividends paid | $0 | $0 | $50M | $186M | $201M | $211M | $223M |
| Share buybacks (net) | $0 | $0 | -$211M | -$321M | -$306M | -$442M | -$669M |
| Net borrowing | — | — | $0 | $0 | -$54M | $422M | $209M |
| Dividends per share | — | — | $0.53 | $2.10 | $2.40 | $2.75 | $3.13 |
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What was Jackson Financial's revenue in 2025?
$6.7B in fiscal 2025, from its 10-K filing.
From Jackson Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.