CNO Financial Group, Inc. (CNO) Income Statement
CNO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCNO revenue and net income
Where CNO's revenue goes
2025Each bar shows an amount and its share of revenue. CNO kept 5.1% of revenue as net income.
CNO profit margins
CNO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.9% | +7.9% | +3.3% | +1.7% |
| Gross profit | +18.1% | +3.9% | +9.4% | +6.0% |
| Operating income | −43.4% | −28.9% | −3.1% | −2.2% |
| Net income | −43.2% | −28.6% | −5.3% | −1.6% |
| EPS (diluted) | +10.8% | +24.0% | +13.3% | +13.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CNO quarterly EPS vs estimates
CNO Financial beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 2, 2026 (estimate $1.09).
CNO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.49B | $4.45B | $4.15B | $3.58B | $4.12B | $3.82B | $4.02B | $4.31B | $4.30B | $3.99B |
| Cost of revenue | $2.48B | $2.74B | $1.05B | $1.79B | $2.42B | $2.54B | $2.78B | $3.73B | $2.96B | $2.83B |
| Gross profit | $2.01B | $1.70B | $3.10B | $1.79B | $1.70B | $1.28B | $1.23B | $580.2M | $1.34B | $1.16B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $305.0M | $304.5M | $290.9M | $287.9M | $267.9M | $252.6M | $238.2M | $233.2M | $237.3M | $231.0M |
| Total operating expenses | $1.72B | $1.18B | $3.89B | $973.7M | $966.3M | $939.0M | $958.9M | $845.0M | $863.4M | $809.5M |
| Operating income | $293.4M | $518.3M | $356.8M | $816.5M | $733.1M | $344.3M | $274.2M | −$264.8M | $480.5M | $353.2M |
| Interest income | $218.5M | $193.9M | $217.3M | $137.0M | $95.4M | $108.8M | $152.3M | $149.8M | $123.7M | $116.4M |
| Interest expense | $230.9M | $254.4M | $238.6M | $137.0M | $95.4M | $108.8M | $152.3M | $149.8M | $123.7M | $116.4M |
| Income before taxes | $293.4M | $518.3M | $356.8M | $816.5M | $733.1M | $344.3M | $274.2M | −$264.8M | $480.5M | $353.2M |
| Income taxes | $64.1M | $114.3M | $80.3M | $185.9M | $162.8M | $42.5M | −$135.2M | $50.2M | $304.9M | −$5.0M |
| Net income | $229.3M | $404.0M | $276.5M | $630.6M | $570.3M | $301.8M | $409.4M | −$315.0M | $175.6M | $358.2M |
| EBITDA | $842.8M | $1.07B | $356.8M | $1.20B | $1.07B | $757.0M | $694.4M | $177.2M | $869.6M | $744.6M |
| EPS (diluted) | $4.42 | $3.99 | $3.11 | $2.32 | $2.80 | $2.37 | $1.81 | $1.82 | $1.71 | $1.32 |
| Gross margin | 44.8% | 38.3% | 74.7% | 50.1% | 41.2% | 33.6% | 30.7% | 13.5% | 31.2% | 29.1% |
| Operating margin | 6.5% | 11.7% | 8.6% | 22.8% | 17.8% | 9.0% | 6.8% | −6.1% | 11.2% | 8.8% |
| Net margin | 5.1% | 9.1% | 6.7% | 17.6% | 13.8% | 7.9% | 10.2% | −7.3% | 4.1% | 9.0% |
| 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 | $1.29B | $1.03B | $1.14B | $1.19B | $1.15B | $1.00B | $1.10B | $1.13B | $1.07B | $1.15B | $1.17B | $947.5M |
| Cost of revenue | $727.2M | $570.1M | $602.8M | $728.8M | $703.3M | $650.6M | $568.3M | $781.4M | $600.0M | $671.8M | $787.7M | $422.2M |
| Gross profit | $558.0M | $459.5M | $540.3M | $459.9M | $448.2M | $353.5M | $528.9M | $348.1M | $466.2M | $480.9M | $382.8M | $525.3M |
| Total operating expenses | $398.3M | $411.1M | $428.9M | $423.7M | $330.2M | $335.8M | $318.4M | $337.1M | $315.6M | $334.7M | $336.7M | $309.7M |
| Operating income | $159.7M | $48.4M | $111.4M | $36.2M | $118.0M | $17.7M | $210.5M | $11.0M | $150.6M | $146.2M | $46.1M | $215.6M |
| Interest income | — | — | $48.8M | $44.2M | $48.2M | $77.3M | $31.5M | $51.9M | — | — | — | $28.8M |
| Interest expense | $55.3M | $50.9M | $53.2M | $56.6M | $59.1M | $62.0M | $62.0M | $68.0M | $64.2M | $60.2M | $63.7M | $62.6M |
| Income before taxes | $159.7M | $48.4M | $111.4M | $36.2M | $118.0M | $17.7M | $210.5M | $11.0M | $150.6M | $146.2M | $46.1M | $215.6M |
| Income taxes | $33.8M | $10.7M | $18.5M | $13.1M | $26.2M | $4.0M | $44.4M | $1.7M | $34.3M | $33.9M | $9.8M | $48.3M |
| Net income | $125.9M | $37.7M | $92.9M | $23.1M | $91.8M | $13.7M | $166.1M | $9.3M | $116.3M | $112.3M | $36.3M | $167.3M |
| EBITDA | $299.1M | $182.7M | $246.4M | $172.9M | $255.9M | $157.5M | $348.6M | $153.4M | $286.3M | $276.8M | $178.7M | $344.8M |
| EPS (diluted) | $1.26 | $0.39 | $1.47 | $1.29 | $0.87 | $0.79 | $1.31 | $1.11 | $1.05 | $0.52 | $1.18 | $0.88 |
| Gross margin | 43.4% | 44.6% | 47.3% | 38.7% | 38.9% | 35.2% | 48.2% | 30.8% | 43.7% | 41.7% | 32.7% | 55.4% |
| Operating margin | 12.4% | 4.7% | 9.7% | 3.0% | 10.2% | 1.8% | 19.2% | 1.0% | 14.1% | 12.7% | 3.9% | 22.8% |
| Net margin | 9.8% | 3.7% | 8.1% | 1.9% | 8.0% | 1.4% | 15.1% | 0.8% | 10.9% | 9.7% | 3.1% | 17.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CNO's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CNO financial results
In fiscal year 2025 (ended December 31, 2025), CNO Financial reported revenue of $4.5 billion, up 0.9% from the year before. It had net income of $229.3 million (down 43.2%), a net profit margin of 5.1%. Diluted earnings per share came to $4.42. Over five years revenue grew at an average rate of 3.3% a year.
See the CNO stock overview for the latest quote and news, or the CNO chart for price history and technical indicators.
CNO income statement FAQ
What is CNO Financial's annual revenue?
CNO Financial reported total revenue of $4.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 0.9% from $4.4 billion the previous year.
Is CNO Financial profitable?
Yes. CNO Financial reported net income of $229.3 million in fiscal 2025, a net profit margin of 5.1%; its operating margin was 6.5%.
What is CNO Financial's gross margin?
CNO Financial's gross margin was 44.8% in fiscal 2025: for every $100 of revenue, CNO Financial kept $45 after the direct cost of its products and services.
How fast is CNO Financial growing?
Revenue grew 3.3% a year on average over the last five fiscal years, from $3.8 billion to $4.5 billion.
What are CNO Financial's earnings per share?
CNO Financial earned $4.42 per diluted share in fiscal 2025, compared with $3.99 a year earlier.
When will CNO Financial report its next earnings?
CNO Financial is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does CNO Financial's fiscal year end?
CNO Financial's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.