MFC revenueFY2025C$8.13B
- FY YoY
- +7.1%
- 5Y CAGR
- -36.5%
MFC revenue was C$8.13B for fiscal 2025 (ended Dec 31, 2025), up 7.1% from fiscal 2024. Compound annual growth was -36.5% over 5 years. It rose in 5 of the last 9 fiscal years.
Manulife Financial Corporation (MFC) financials
For fiscal 2025 (ended Dec 31, 2025), Manulife Financial Corporation reported C$8.13B of revenue and C$5.57B of net income. Figures are in CAD, the currency of its SEC filings.
- Revenue, FY2025
- C$8.13B
- Revenue growth, YoY
- +7.1%
- Net income, FY2025
- C$5.57B
- Net income growth, YoY
- +3.5%
- Net margin
- 68.5%
- EPS, diluted, FY2025
- C$3.07
- EPS growth, YoY
- +8.1%
- Cash
- C$26.70B
- Total debt
- C$7.68B
FY2016FY2025
FY2016FY2025
MFC revenue and earnings growth
MFC net incomeFY2025C$5.57B
- FY YoY
- +3.5%
- 5Y CAGR
- -1.0%
MFC net income was C$5.57B for fiscal 2025 (ended Dec 31, 2025), up 3.5% from fiscal 2024. Compound annual growth was -1.0% over 5 years.
MFC EPSFY2025C$3.07
- FY YoY
- +8.1%
- 5Y CAGR
- +0.9%
MFC diluted EPS was C$3.07 for fiscal 2025 (ended Dec 31, 2025), up 8.1% from fiscal 2024. Compound annual growth was +0.9% over 5 years.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$8.13B | C$7.59B | C$6.75B | C$6.19B | C$61.82B | C$78.91B | C$79.57B | C$38.97B | C$58.32B | C$53.34B |
| Selling, general and admin | C$4.90B | C$4.86B | C$4.33B | C$3.73B | C$7.83B | C$7.51B | C$7.69B | C$7.96B | C$7.23B | C$7.00B |
| Interest expense | C$1.53B | C$1.68B | C$1.55B | C$1.05B | C$1.01B | C$1.18B | C$1.32B | C$1.27B | C$1.14B | C$1.01B |
| Pre-tax income | C$7.09B | C$7.09B | C$6.45B | -C$3.14B | C$8.13B | C$6.77B | C$6.22B | C$5.52B | C$2.50B | C$3.33B |
| Income tax | C$1.03B | C$1.21B | C$845.00M | -C$1.16B | C$1.21B | C$1.20B | C$718.00M | C$632.00M | C$239.00M | C$196.00M |
| Net income | C$5.57B | C$5.38B | C$5.10B | -C$1.93B | C$7.11B | C$5.87B | C$5.60B | C$4.80B | C$2.10B | C$2.93B |
| EPS, basic | C$3.08 | C$2.85 | C$2.62 | -C$1.15 | C$3.55 | C$2.94 | C$2.77 | C$2.34 | C$0.98 | C$1.42 |
| EPS, diluted | C$3.07 | C$2.84 | C$2.61 | -C$1.15 | C$3.54 | C$2.93 | C$2.77 | C$2.33 | C$0.98 | C$1.41 |
| Diluted shares | 1.71B | 1.78B | 1.84B | 1.91B | 1.95B | 1.94B | 1.96B | 1.99B | 1.99B | 1.98B |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | C$26.70B | C$25.79B | C$20.34B | C$19.15B | C$22.59B | C$26.17B | C$20.30B | C$16.21B | C$15.96B | C$15.15B |
| Goodwill | C$6.88B | C$6.28B | C$5.92B | C$6.01B | C$5.65B | C$5.71B | C$5.74B | C$5.86B | C$5.71B | C$5.88B |
| Total assets | C$1.03T | C$978.82B | C$875.57B | C$833.69B | C$917.64B | C$880.35B | C$809.13B | C$750.27B | C$729.53B | C$720.68B |
| Long-term debt | - | C$6.63B | C$6.07B | C$6.23B | C$4.88B | C$6.16B | C$4.54B | C$4.77B | C$4.78B | C$5.70B |
| Total debt | C$7.68B | C$6.63B | C$6.07B | C$6.23B | C$4.88B | C$6.16B | C$4.54B | C$4.77B | C$4.78B | C$5.70B |
| Total liabilities | C$972.95B | C$925.86B | C$826.85B | C$785.46B | C$858.77B | C$827.34B | C$759.02B | C$703.12B | C$687.37B | C$677.86B |
| Shareholders' equity | C$50.12B | C$50.97B | C$47.04B | C$46.88B | C$58.41B | C$52.34B | C$49.14B | C$45.96B | C$41.01B | C$41.83B |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | C$32.10B | C$26.49B | C$20.42B | C$16.63B | C$23.16B | C$20.05B | C$20.54B | C$19.19B | C$17.79B | C$17.02B |
| Investing cash flow | -C$28.36B | -C$18.46B | -C$13.72B | -C$18.40B | -C$24.44B | -C$14.15B | -C$13.83B | -C$19.00B | -C$16.29B | -C$22.74B |
| Financing cash flow | -C$2.05B | -C$4.17B | -C$5.04B | -C$2.11B | -C$2.05B | C$663.00M | -C$2.08B | -C$724.00M | C$14.00M | C$3.31B |
| Dividends paid | - | - | C$0 | - | - | - | - | - | - | - |
| Share repurchases | C$2.43B | C$3.27B | C$1.59B | C$1.88B | - | C$253.00M | C$1.34B | C$478.00M | - | - |
| Stock-based compensation | - | C$0 | C$2.00M | C$5.00M | C$9.00M | C$14.00M | C$11.00M | C$10.00M | C$15.00M | C$19.00M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 7.1% | 12.5% | 9.1% | -90.0% | -21.7% | -0.8% | 104.2% | -33.2% | 9.3% | - |
| Net income growth, YoY | 3.5% | 5.5% | - | - | 21.0% | 4.8% | 16.7% | 128.1% | -28.2% | - |
| EPS growth, YoY | 8.1% | 8.8% | - | - | 20.8% | 5.8% | 18.9% | 137.8% | -30.5% | - |
| Net margin | 68.5% | 71.0% | 75.6% | -31.2% | 11.5% | 7.4% | 7.0% | 12.3% | 3.6% | 5.5% |
| Return on equity | 11.1% | 10.6% | 10.8% | -4.1% | 12.2% | 11.2% | 11.4% | 10.4% | 5.1% | 7.0% |
| Return on assets | 0.5% | 0.6% | 0.6% | -0.2% | 0.8% | 0.7% | 0.7% | 0.6% | 0.3% | 0.4% |
| Debt to equity | 0.15 | 0.13 | 0.13 | 0.13 | 0.08 | 0.12 | 0.09 | 0.10 | 0.12 | 0.14 |
Source: XBRL data Manulife Financial Corporation files with the SEC, latest filing dated Feb 11, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
MFC peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MFC | C$8.13B | +7.1% | C$5.57B | 68.5% | $71.43B |
| MET | $79.40B | +8.7% | $3.63B | 4.6% | $62.45B |
| PRU | $61.33B | +6.5% | $3.88B | 6.3% | $40.90B |
| SLF | C$41.90B | +8.0% | C$3.55B | 8.5% | $39.70B |
| PUK | $11.49B | +7.0% | $3.98B | 34.6% | $30.94B |
| RGA | $25.97B | +19.4% | $1.51B | 5.8% | $17.10B |
| CRBG | $20.81B | +13.6% | $2.20B | 10.6% | $14.95B |
| AEG | - | - | €977.00M | - | $14.93B |
| GL | $6.27B | +5.6% | $1.19B | 18.9% | $11.86B |
MFC FAQ
7 questionsWhat is MFC revenue?
Manulife Financial Corporation (MFC) reported C$8.13B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 7.1% from the year before.Is MFC profitable?
Yes. Manulife Financial Corporation earned C$5.57B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 68.5%.How much cash and debt does MFC have?
Manulife Financial Corporation reported C$26.70B in cash and cash equivalents and C$7.68B of debt on its most recent balance sheet in SEC filings.How fast is MFC revenue growing?
Manulife Financial Corporation's revenue changed +7.1% in fiscal 2025, to C$8.13B. Its compound annual growth rate was -36.5% over 5 years.What is MFC earnings per share?
Diluted earnings per share were C$3.07 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did MFC last report financial results?
The latest statements here come from Manulife Financial Corporation's 40-F filed on Feb 11, 2026, covering the period ended Dec 31, 2025.Where does this MFC financial data come from?
Quantisnow builds these statements from the structured XBRL data Manulife Financial Corporation files with the SEC. It is provided for information only and is not investment advice.