MetLife (MET) financial statements
MetLife reported revenue of $77.1B in fiscal 2025, up 2.7% a year over 9 years.
Net income was $3.4B and the operating margin 8.0%, against 7.0% in 2016.
The diluted share count fell 39% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MetLife's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.8B | $62.3B | $67.9B | $69.6B | $67.8B | $68.7B | $68.8B | $66.9B | $71.0B | $77.1B |
| Selling, general and admin | $6.7B | $6.5B | $6.6B | $6.9B | $6.4B | $6.1B | $5.9B | $6.6B | $6.5B | $7.4B |
| Operating income | $4.3B | $3.5B | $6.3B | $6.8B | $6.9B | $8.5B | $6.0B | $5.7B | $6.0B | $6.1B |
| Interest expense | $874M | $841M | $827M | $656M | $632M | $647M | $655M | $740M | $738M | $724M |
| Pre-tax income | $4.3B | $3.5B | $6.3B | $6.8B | $6.9B | $8.5B | $6.4B | $2.2B | $5.6B | $4.7B |
| Income tax | $693M | -$1.5B | $1.2B | $886M | $1.5B | $1.6B | $1.1B | $560M | $1.2B | $1.3B |
| Net income | $850M | $4.0B | $5.1B | $5.9B | $5.4B | $6.9B | $5.3B | $1.6B | $4.4B | $3.4B |
| EPS (diluted) | $0.67 | $3.62 | $4.91 | $6.06 | $5.68 | $7.65 | $6.30 | $1.81 | $5.94 | $4.71 |
| Diluted shares | 1.11B | 1.08B | 1.01B | 944M | 913M | 869M | 809M | 762M | 711M | 673M |
| Operating margin | 7.0% | 5.7% | 9.3% | 9.8% | 10.2% | 12.4% | 8.7% | 8.6% | 8.4% | 8.0% |
| Net margin | 1.4% | 6.4% | 7.5% | 8.5% | 8.0% | 10.0% | 7.7% | 2.4% | 6.2% | 4.4% |
Balance sheet
Fiscal years, from MetLife's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $24.4B | $17.6B | $19.8B | $20.4B | $23.7B | $27.2B | $25.1B | $26.7B | $25.2B | $25.6B |
| Goodwill | $9.2B | $9.6B | $9.4B | $9.3B | $10.1B | $9.5B | $9.3B | $9.2B | $8.9B | $9.6B |
| Total assets | $898.8B | $719.9B | $687.5B | $740.5B | $795.1B | $759.7B | $663.1B | $687.6B | $677.5B | $745.2B |
| Total liabilities | $831.1B | $661.0B | $634.6B | $674.1B | $720.3B | $692.0B | $632.9B | $657.3B | $649.8B | $716.2B |
| Shareholders' equity | $67.5B | $58.7B | $52.7B | $66.1B | $74.6B | $67.5B | $29.9B | $30.0B | $27.4B | $28.4B |
| Net debt | -$17.9B | -$12.7B | -$15.8B | -$16.6B | -$19.8B | -$20.0B | -$20.2B | -$20.6B | -$20.1B | -$22.0B |
Cash flow
Fiscal years, from MetLife's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $14.8B | $12.3B | $11.7B | $13.8B | $11.6B | $12.3B | $13.0B | $13.7B | $14.6B | $17.1B |
| Stock-based compensation | $147M | $128M | $86M | $150M | $127M | $173M | $184M | $171M | $168M | $131M |
| Dividends paid | $1.7B | $1.7B | $1.7B | $1.6B | $1.7B | $1.6B | $1.6B | $1.6B | $1.5B | $1.5B |
| Share buybacks (net) | -$372M | -$2.9B | -$4.0B | -$2.3B | -$1.2B | -$4.3B | -$3.3B | -$3.1B | -$3.2B | -$2.9B |
| Net borrowing | -$1.2B | $2.6B | -$1.8B | $476M | $1.1B | $29M | $1.0B | $2.0B | $1.6B | $743M |
| Dividends per share | $1.57 | $1.59 | $1.65 | $1.74 | $1.81 | $1.89 | $1.98 | $2.05 | $2.15 | $2.24 |
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What was MetLife's revenue in 2025?
$77.1B in fiscal 2025, from its 10-K filing.
From MetLife's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.