MetLife, Inc. (MET) Income Statement
MET 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMET revenue and net income
Where MET's revenue goes
2025Each bar shows an amount and its share of revenue. MET kept 4.4% of revenue as net income.
MET profit margins
MET growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.6% | +4.3% | +2.6% | +2.3% |
| Gross profit | +39.8% | +14.0% | +12.6% | +5.7% |
| Operating income | −30.0% | −9.9% | −7.6% | −1.9% |
| Net income | −23.7% | −13.8% | −9.0% | −4.5% |
| EPS (diluted) | +8.1% | +8.8% | +7.4% | +6.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MET quarterly EPS vs estimates
MetLife beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $2.69).
MET income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77.08B | $70.98B | $67.71B | $67.97B | $63.37B | $67.89B | $69.62B | $67.94B | $62.31B | $60.53B |
| Cost of revenue | $49.06B | $50.94B | $50.42B | $49.03B | $46.53B | $52.42B | $53.43B | $52.04B | $48.85B | $46.57B |
| Gross profit | $28.02B | $20.04B | $17.29B | $18.94B | $16.84B | $15.47B | $16.19B | $15.90B | $13.46B | $13.96B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $8.37B | $5.99B | $6.18B | $5.89B | $5.77B | $5.78B | $6.55B | $6.46B | $6.72B | $7.11B |
| Total operating expenses | $23.36B | $13.34B | $15.13B | $12.57B | $8.32B | $8.54B | $9.39B | $9.59B | $9.93B | $9.67B |
| Operating income | $4.66B | $6.66B | $2.16B | $6.36B | $8.52B | $6.93B | $6.79B | $6.31B | $3.54B | $4.28B |
| Interest income | $1.06B | $1.10B | $991.0M | $938.0M | $920.0M | $913.0M | $955.0M | $1.12B | $1.13B | $1.16B |
| Interest expense | $1.06B | $1.04B | $1.04B | $938.0M | $920.0M | $913.0M | $955.0M | $1.12B | $1.13B | $1.16B |
| Income before taxes | $4.66B | $5.62B | $2.16B | $6.36B | $8.52B | $6.93B | $6.79B | $6.31B | $3.54B | $4.28B |
| Income taxes | $1.26B | $1.18B | $560.0M | $1.06B | $1.64B | $1.51B | $886.0M | $1.18B | −$1.47B | $693.0M |
| Net income | $3.38B | $4.43B | $1.58B | $5.28B | $6.86B | $5.41B | $5.90B | $5.12B | $4.01B | $850.0M |
| EBITDA | $6.47B | $7.37B | $3.92B | $7.97B | $10.13B | $8.46B | $8.38B | $8.06B | $5.46B | $6.09B |
| EPS (diluted) | $8.81 | $8.15 | $7.26 | $6.84 | $9.06 | $6.17 | $6.11 | $5.39 | $4.44 | $4.59 |
| Gross margin | 36.4% | 28.2% | 25.5% | 27.9% | 26.6% | 22.8% | 23.3% | 23.4% | 21.6% | 23.1% |
| Operating margin | 6.0% | 9.4% | 3.2% | 9.4% | 13.4% | 10.2% | 9.8% | 9.3% | 5.7% | 7.1% |
| Net margin | 4.4% | 6.2% | 2.3% | 7.8% | 10.8% | 8.0% | 8.5% | 7.5% | 6.4% | 1.4% |
| 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 | $18.88B | $19.07B | $23.81B | $16.88B | $17.18B | $18.26B | $18.44B | $18.30B | $17.49B | $15.90B | $19.03B | $15.87B |
| Cost of revenue | $16.09B | $11.97B | $16.54B | $13.94B | $12.64B | $13.54B | $13.58B | $12.85B | $13.10B | $11.41B | $15.85B | $13.21B |
| Gross profit | $2.79B | $7.10B | $7.27B | $2.94B | $4.54B | $4.72B | $4.86B | $5.45B | $4.39B | $4.49B | $3.17B | $2.66B |
| Sales, general & admin | $1.69B | $1.70B | $3.73B | $1.53B | $1.54B | $1.56B | $1.51B | $1.49B | $1.48B | $1.51B | $1.65B | $1.54B |
| Total operating expenses | $1.75B | $5.60B | $6.15B | $1.73B | $3.56B | $3.37B | $3.48B | $3.45B | $3.19B | $3.45B | $2.23B | $2.12B |
| Operating income | $1.03B | $1.51B | $1.12B | $1.21B | $980.0M | $1.35B | $1.38B | $1.99B | $1.20B | $1.04B | $941.0M | $534.0M |
| Interest income | — | — | $263.0M | $285.0M | $315.0M | $244.0M | $279.0M | $316.0M | — | — | — | $265.0M |
| Interest expense | $292.0M | $265.0M | $263.0M | $271.0M | $269.0M | $258.0M | $259.0M | $257.0M | $257.0M | $264.0M | $269.0M | $265.0M |
| Income before taxes | $1.03B | $1.51B | $1.12B | $1.21B | $980.0M | $1.35B | $1.38B | $1.99B | $1.20B | $1.04B | $941.0M | $534.0M |
| Income taxes | $256.0M | $345.0M | $301.0M | $308.0M | $245.0M | $404.0M | $106.0M | $653.0M | $249.0M | $170.0M | $327.0M | $39.0M |
| Net income | $736.0M | $1.19B | $809.0M | $896.0M | $729.0M | $945.0M | $1.27B | $1.34B | $946.0M | $867.0M | $607.0M | $489.0M |
| EBITDA | $1.33B | $1.77B | $1.38B | $1.48B | $1.25B | $1.61B | $1.64B | $2.25B | $1.46B | $1.31B | $1.21B | $799.0M |
| EPS (diluted) | $2.43 | $2.42 | $2.49 | $2.34 | $2.02 | $1.96 | $2.09 | $1.95 | $2.28 | $1.83 | $1.83 | $1.97 |
| Gross margin | 14.8% | 37.2% | 30.5% | 17.4% | 26.4% | 25.9% | 26.4% | 29.8% | 25.1% | 28.2% | 16.7% | 16.8% |
| Operating margin | 5.5% | 7.9% | 4.7% | 7.2% | 5.7% | 7.4% | 7.5% | 10.9% | 6.9% | 6.6% | 4.9% | 3.4% |
| Net margin | 3.9% | 6.2% | 3.4% | 5.3% | 4.2% | 5.2% | 6.9% | 7.3% | 5.4% | 5.5% | 3.2% | 3.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MET's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MET financial results
In fiscal year 2025 (ended December 31, 2025), MetLife reported revenue of $77.1 billion, up 8.6% from the year before. It had net income of $3.4 billion (down 23.7%), a net profit margin of 4.4%. Diluted earnings per share came to $8.81. Over five years revenue grew at an average rate of 2.6% a year.
See the MET stock overview for the latest quote and news, or the MET chart for price history and technical indicators.
MET income statement FAQ
What is MetLife's annual revenue?
MetLife reported total revenue of $77.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 8.6% from $71.0 billion the previous year.
Is MetLife profitable?
Yes. MetLife reported net income of $3.4 billion in fiscal 2025, a net profit margin of 4.4%; its operating margin was 6.0%.
What is MetLife's gross margin?
MetLife's gross margin was 36.4% in fiscal 2025: for every $100 of revenue, MetLife kept $36 after the direct cost of its products and services.
How fast is MetLife growing?
Revenue grew 2.6% a year on average over the last five fiscal years, from $67.9 billion to $77.1 billion.
What are MetLife's earnings per share?
MetLife earned $8.81 per diluted share in fiscal 2025, compared with $8.15 a year earlier.
When will MetLife report its next earnings?
MetLife is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does MetLife's fiscal year end?
MetLife's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.