Cincinnati Financial Corporation (CINF) Income Statement
CINF 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCINF revenue and net income
Where CINF's revenue goes
2025Each bar shows an amount and its share of revenue. CINF kept 18.9% of revenue as net income.
CINF profit margins
CINF growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.4% | +24.4% | +10.9% | +9.4% |
| Gross profit | +7.0% | +57.1% | +12.0% | +9.9% |
| Operating income | +4.3% | — | +14.7% | +13.0% |
| Net income | +4.4% | — | +14.5% | +14.2% |
| EPS (diluted) | −30.0% | +23.4% | +19.4% | +8.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CINF quarterly EPS vs estimates
Cincinnati Financial beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 26, 2026 (estimate $2.01).
CINF income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.63B | $11.34B | $10.01B | $6.56B | $9.63B | $7.54B | $7.92B | $5.41B | $5.73B | $5.45B |
| Cost of revenue | $6.64B | $5.74B | $25.0M | $5.02B | $3.91B | $4.13B | $3.64B | $3.49B | $3.39B | $3.11B |
| Gross profit | $5.99B | $5.60B | $9.99B | $1.54B | $5.72B | $3.40B | $4.29B | $1.92B | $2.34B | $2.34B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $3.37B | — | — | — | — | — | — | $0 | $0 | $0 |
| Total operating expenses | $3.01B | $2.74B | $7.69B | $2.24B | $2.02B | $1.90B | $1.81B | $1.67B | $1.61B | $1.53B |
| Operating income | $2.98B | $2.86B | $2.28B | −$694.0M | $3.70B | $1.50B | $2.47B | $251.0M | $730.0M | $812.0M |
| Interest income | $1.16B | $1.02B | $852.0M | $785.0M | $723.0M | $675.0M | $647.0M | $53.0M | $53.0M | $53.0M |
| Interest expense | $53.0M | $53.0M | $54.0M | $53.0M | $53.0M | $54.0M | $53.0M | $53.0M | $53.0M | $53.0M |
| Income before taxes | $2.98B | $2.86B | $2.28B | −$694.0M | $3.70B | $1.50B | $2.47B | $251.0M | $730.0M | $812.0M |
| Income taxes | $587.0M | $566.0M | $433.0M | −$207.0M | $730.0M | $283.0M | $475.0M | −$36.0M | −$315.0M | $221.0M |
| Net income | $2.39B | $2.29B | $1.84B | −$487.0M | $2.97B | $1.22B | $2.00B | $287.0M | $1.04B | $591.0M |
| EBITDA | $3.20B | $3.04B | $2.28B | −$514.0M | $3.84B | $1.63B | $2.60B | $367.0M | $838.0M | $913.0M |
| EPS (diluted) | $7.95 | $11.35 | $6.04 | $4.23 | $6.41 | $3.28 | $4.21 | $3.35 | $2.74 | $3.07 |
| Gross margin | 47.4% | 49.4% | 99.8% | 23.5% | 59.4% | 45.1% | 54.1% | 35.5% | 40.9% | 43.0% |
| Operating margin | 23.6% | 25.2% | 22.7% | −10.6% | 38.4% | 19.9% | 31.2% | 4.6% | 12.7% | 14.9% |
| Net margin | 18.9% | 20.2% | 18.4% | −7.4% | 30.8% | 16.1% | 25.2% | 5.3% | 18.2% | 10.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.27B | $2.86B | $3.09B | $3.73B | $3.25B | $2.57B | $2.54B | $3.32B | $2.54B | $2.94B | $3.36B | $1.81B |
| Cost of revenue | $1.89B | $1.75B | $1.47B | $1.54B | $1.66B | $1.97B | $1.33B | $1.58B | $1.48B | $1.35B | $1.20B | $1.33B |
| Gross profit | $2.38B | $1.11B | $1.62B | $2.19B | $1.59B | $598.0M | $1.21B | $1.74B | $1.06B | $1.59B | $2.15B | $479.0M |
| Sales, general & admin | $786.0M | $764.0M | $3.37B | — | — | — | — | — | — | — | — | — |
| Total operating expenses | $811.0M | $786.0M | $779.0M | $773.0M | $733.0M | $726.0M | $729.0M | $702.0M | $678.0M | $633.0M | $662.0M | $627.0M |
| Operating income | $1.58B | $326.0M | $840.0M | $1.41B | $855.0M | −$128.0M | $479.0M | $1.04B | $386.0M | $953.0M | $1.49B | −$148.0M |
| Interest income | — | $311.0M | $298.0M | $296.0M | $284.0M | $277.0M | $278.0M | $255.0M | $242.0M | $241.0M | $236.0M | $223.0M |
| Interest expense | $14.0M | $13.0M | $13.0M | $13.0M | $14.0M | $13.0M | $13.0M | $13.0M | $14.0M | $13.0M | $14.0M | $13.0M |
| Income before taxes | $1.58B | $326.0M | $840.0M | $1.41B | $855.0M | −$128.0M | $479.0M | $1.04B | $386.0M | $953.0M | $1.49B | −$148.0M |
| Income taxes | $321.0M | $52.0M | $164.0M | $291.0M | $170.0M | −$38.0M | $74.0M | $220.0M | $74.0M | $198.0M | $307.0M | −$49.0M |
| Net income | $1.25B | $274.0M | $676.0M | $1.12B | $685.0M | −$90.0M | $405.0M | $820.0M | $312.0M | $755.0M | $1.18B | −$99.0M |
| EBITDA | $1.63B | $379.0M | $895.0M | $1.46B | $915.0M | −$68.0M | $507.0M | $1.09B | $442.0M | $1.00B | $1.53B | −$121.0M |
| EPS (diluted) | $1.43 | $2.10 | $3.37 | $2.85 | $1.97 | −$0.24 | $3.14 | $5.20 | $1.29 | $1.72 | $2.28 | $1.66 |
| Gross margin | 55.7% | 38.8% | 52.4% | 58.7% | 48.9% | 23.3% | 47.6% | 52.5% | 41.8% | 54.0% | 64.1% | 26.4% |
| Operating margin | 36.9% | 11.4% | 27.2% | 37.9% | 26.3% | −5.0% | 18.9% | 31.3% | 15.2% | 32.5% | 44.4% | −8.2% |
| Net margin | 29.4% | 9.6% | 21.9% | 30.1% | 21.1% | −3.5% | 16.0% | 24.7% | 12.3% | 25.7% | 35.3% | −5.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CINF's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CINF financial results
In fiscal year 2025 (ended December 31, 2025), Cincinnati Financial reported revenue of $12.6 billion, up 11.4% from the year before. It had net income of $2.4 billion (up 4.4%), a net profit margin of 18.9%. Diluted earnings per share came to $7.95. Over five years revenue grew at an average rate of 10.9% a year.
See the CINF stock overview for the latest quote and news, or the CINF chart for price history and technical indicators.
CINF income statement FAQ
What is Cincinnati Financial's annual revenue?
Cincinnati Financial reported total revenue of $12.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 11.4% from $11.3 billion the previous year.
Is Cincinnati Financial profitable?
Yes. Cincinnati Financial reported net income of $2.4 billion in fiscal 2025, a net profit margin of 18.9%; its operating margin was 23.6%.
What is Cincinnati Financial's gross margin?
Cincinnati Financial's gross margin was 47.4% in fiscal 2025: for every $100 of revenue, Cincinnati Financial kept $47 after the direct cost of its products and services.
How fast is Cincinnati Financial growing?
Revenue grew 10.9% a year on average over the last five fiscal years, from $7.5 billion to $12.6 billion.
What are Cincinnati Financial's earnings per share?
Cincinnati Financial earned $7.95 per diluted share in fiscal 2025, compared with $11.35 a year earlier.
When will Cincinnati Financial report its next earnings?
Cincinnati Financial is expected to report results for the quarter ending September 30, 2026 on October 26, 2026 after the market closes.
When does Cincinnati Financial's fiscal year end?
Cincinnati Financial's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.