Globe Life Inc. (GL) Income Statement
GL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGL revenue and net income
Where GL's revenue goes
2025Each bar shows an amount and its share of revenue. GL kept 19.4% of revenue as net income.
GL profit margins
GL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.8% | +4.8% | +4.8% | +4.8% |
| Gross profit | +7.1% | −25.6% | −14.7% | +6.5% |
| Operating income | +10.3% | +13.6% | +10.3% | +6.7% |
| Net income | +8.4% | +16.2% | +9.7% | +8.2% |
| EPS (diluted) | +17.4% | +21.2% | +16.2% | +13.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GL quarterly EPS vs estimates
Globe Life beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: October 21, 2026 (estimate $4.87).
GL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.00B | $5.78B | $5.45B | $5.21B | $5.11B | $4.74B | $4.53B | $4.30B | $4.16B | $3.93B |
| Cost of revenue | $3.99B | $3.91B | $3.81B | $354.0M | $322.0M | $301.0M | $304.8M | $279.6M | $257.3M | $2.85B |
| Gross profit | $2.00B | $1.87B | $1.64B | $4.86B | $4.79B | $4.44B | $4.22B | $4.02B | $3.90B | $1.09B |
| Sales, general & admin | $197.7M | $382.5M | $351.1M | $335.0M | $301.9M | $286.8M | $304.8M | $309.3M | $46.3M | $232.2M |
| Total operating expenses | $541.0M | $543.6M | $446.0M | −$3.86B | −$4.20B | −$3.84B | −$3.60B | $3.35B | $3.24B | $314.9M |
| Operating income | $1.46B | $1.33B | $1.19B | $996.7M | $911.2M | $895.4M | $929.9M | $953.7M | $923.9M | $772.2M |
| Interest income | $141.2M | $127.1M | $102.3M | $90.4M | $83.5M | $86.7M | $84.3M | $90.1M | $84.5M | $83.3M |
| Interest expense | $141.2M | $127.1M | $102.3M | $90.4M | $83.5M | $86.7M | $84.3M | $90.0M | $85.0M | $83.3M |
| Income before taxes | $1.44B | $1.33B | $1.19B | $906.3M | $912.4M | $896.7M | $931.3M | $864.0M | $830.6M | $772.2M |
| Income taxes | $278.6M | $255.9M | $223.5M | $166.6M | $167.4M | $164.9M | $170.4M | $162.0M | −$627.6M | $232.6M |
| Net income | $1.16B | $1.07B | $970.8M | $739.7M | $745.0M | $731.8M | $760.8M | $701.0M | $1.45B | $549.8M |
| EBITDA | $1.59B | $1.45B | $1.30B | $996.7M | $911.2M | $895.4M | $929.9M | $953.7M | $915.2M | $855.6M |
| EPS (diluted) | $14.54 | $12.38 | $10.65 | $8.16 | $6.86 | $6.87 | $6.74 | $6.13 | $4.81 | $4.49 |
| Gross margin | 33.4% | 32.4% | 30.1% | 93.2% | 93.7% | 93.6% | 93.3% | 93.5% | 93.8% | 27.6% |
| Operating margin | 24.4% | 23.0% | 21.9% | 19.1% | 17.8% | 18.9% | 20.5% | 22.2% | 22.2% | 19.6% |
| Net margin | 19.4% | 18.5% | 17.8% | 14.2% | 14.6% | 15.4% | 16.8% | 16.3% | 35.0% | 14.0% |
| 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 | $1.60B | $1.56B | $1.52B | $1.51B | $1.48B | $1.48B | $1.47B | $1.46B | $1.44B | $1.42B | $1.42B | $1.38B |
| Cost of revenue | $2.40B | $789.6M | $1.06B | $888.2M | $1.02B | $1.02B | $998.8M | $942.2M | $987.4M | $741.3M | $964.6M | $953.5M |
| Gross profit | −$804.1M | $770.0M | $462.6M | $624.8M | $456.5M | $459.8M | $467.4M | $513.2M | $452.8M | $674.8M | $451.1M | $430.6M |
| Sales, general & admin | $113.7M | $401.9M | $92.0M | $211.4M | $105.7M | $105.7M | $97.1M | $100.9M | — | $89.7M | $104.4M | $84.7M |
| Total operating expenses | −$174.4M | $401.9M | $106.4M | $147.7M | $143.2M | $143.7M | $155.0M | $136.3M | $130.5M | $359.9M | $114.4M | $111.8M |
| Operating income | −$629.6M | $368.1M | $356.3M | $477.1M | $313.3M | $316.1M | $312.4M | $377.0M | $322.3M | $314.9M | $336.7M | $318.8M |
| Interest income | — | — | $35.2M | $36.1M | $34.9M | $35.0M | $35.7M | $31.4M | — | — | — | $26.0M |
| Interest expense | $36.0M | $34.0M | $35.2M | $36.1M | $34.9M | $35.0M | $35.7M | $31.4M | $31.4M | $28.6M | $25.7M | $26.0M |
| Income before taxes | $354.9M | $334.1M | $333.2M | $477.1M | $313.3M | $316.1M | $312.4M | $377.0M | $322.3M | $314.9M | $336.7M | $318.8M |
| Income taxes | $67.1M | $63.6M | $67.2M | $89.3M | $60.5M | $61.5M | $57.2M | $74.0M | $64.0M | $60.7M | $61.9M | $61.7M |
| Net income | $287.7M | $270.5M | $266.0M | $387.8M | $252.7M | $254.6M | $255.2M | $303.0M | $258.4M | $254.2M | $274.8M | $257.1M |
| EBITDA | −$629.6M | $368.1M | $379.3M | $513.2M | $348.2M | $351.1M | $348.1M | $408.3M | $353.7M | $343.5M | $362.4M | $344.8M |
| EPS (diluted) | $3.61 | $3.43 | $3.39 | $4.81 | $3.27 | $3.07 | $3.14 | $3.49 | $2.97 | $2.78 | $2.80 | $2.71 |
| Gross margin | −50.3% | 49.4% | 30.4% | 41.3% | 30.8% | 31.1% | 31.9% | 35.3% | 31.4% | 47.7% | 31.9% | 31.1% |
| Operating margin | −39.4% | 23.6% | 23.4% | 31.5% | 21.2% | 21.4% | 21.3% | 25.9% | 22.4% | 22.2% | 23.8% | 23.0% |
| Net margin | 18.0% | 17.3% | 17.5% | 25.6% | 17.1% | 17.2% | 17.4% | 20.8% | 17.9% | 18.0% | 19.4% | 18.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GL's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GL financial results
In fiscal year 2025 (ended December 31, 2025), Globe Life reported revenue of $6.0 billion, up 3.8% from the year before. It had net income of $1.2 billion (up 8.4%), a net profit margin of 19.4%. Diluted earnings per share came to $14.54. Over five years revenue grew at an average rate of 4.8% a year.
See the GL stock overview for the latest quote and news, or the GL chart for price history and technical indicators.
GL income statement FAQ
What is Globe Life's annual revenue?
Globe Life reported total revenue of $6.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.8% from $5.8 billion the previous year.
Is Globe Life profitable?
Yes. Globe Life reported net income of $1.2 billion in fiscal 2025, a net profit margin of 19.4%; its operating margin was 24.4%.
What is Globe Life's gross margin?
Globe Life's gross margin was 33.4% in fiscal 2025: for every $100 of revenue, Globe Life kept $33 after the direct cost of its products and services.
How fast is Globe Life growing?
Revenue grew 4.8% a year on average over the last five fiscal years, from $4.7 billion to $6.0 billion.
What are Globe Life's earnings per share?
Globe Life earned $14.54 per diluted share in fiscal 2025, compared with $12.38 a year earlier.
When will Globe Life report its next earnings?
Globe Life is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does Globe Life's fiscal year end?
Globe Life's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.