Jackson Financial Inc. (JXN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$5.76	$7.3	+26.7%	—	$160M	—
Q1 26	$5.96	$5.15	-13.6%	—	$2.9B	—
Q4 25	$5.86	$6.61	+12.8%	—	$1.9B	—
Q3 25	$5.45	$6.16	+13.0%	—	$1.3B	—
Q2 25	$4.64	$4.87	+5.0%	—	-$483M	—
Q1 25	$3.16	-$0.48	-115.2%	—	$3.7B	—
Q4 24	$1.66	$4.45	+168.1%	—	$158M	—
Q3 24	$4.67	$4.6	-1.5%	—	$2.1B	—
Q2 24	$4.36	$5.32	+22.0%	—	$1.2B	—
Q1 24	$3.76	$4.23	+12.5%	—	-$359M	—
Q4 23	$3.47	$2.53	-27.1%	—	$905M	—
Q3 23	$3.53	$3.8	+7.6%	—	$2.6B	—
Q2 23	$3.5	$3.34	-4.6%	—	$431M	—
Q1 23	$3.87	$3.15	-18.6%	—	-$754M	—
Q4 22	$5.21	$5.66	+8.6%	—	-$535M	—
Q3 22	$2.9	$4.24	+46.2%	—	$3B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$0.24	—	—	$6.5B	—
FY24	—	$11.9	—	—	$3.1B	—
FY23	—	$11	—	—	$3.2B	—
FY22	—	$72.3	—	—	$9.7B	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$13.7B	$3.5B	$4.6B	$5.5B	$9.7B	$3.2B	$3.1B	$6.5B
YoY change	—	-74.5%	+33.1%	+18.5%	+76.9%	-66.7%	-4.6%	+110.6%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	13.7B	3.5B	4.6B	5.5B	9.7B	3.2B	3.1B	6.5B
Cost of revenue	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—
Selling, general & administrative	1B	994M	985M	1.1B	875M	1B	1.1B	1.1B
Operating expenses	1B	994M	1.3B	1.4B	1.2B	1.4B	1.4B	1.4B
Operating income	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—
Non-operating income, net	65M	69M	64M	94M	85M	67M	44M	61M
Pretax income	2.4B	-811M	-2.5B	4.3B	7.7B	958M	1B	-114M
Income tax	338.3M	-369M	-854M	666M	1.5B	4M	46M	-186M
Net income	2.1B	-442M	-1.6B	3.7B	6.2B	954M	976M	72M
Net margin	15%	-12.7%	-35.3%	66.9%	64%	29.4%	31.6%	1.11%
EBITDA	—	—	—	—	—	—	—	—
EPS	21	-5.26	-17.3	36.4	72.3	11	11.9	-0.24
Diluted EPS	21	-5.26	-17.3	36.2	69.8	10.8	11.7	-0.24

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2.6B	905M	-359M	1.2B	2.1B	158M	3.7B	-483M	1.3B	1.9B	2.9B	160M
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	232M	301M	271M	258M	310M	281M	259M	274M	264M	270M	299M	265M
Operating expenses	340M	394M	355M	338M	384M	353M	348M	360M	344M	345M	399M	358M
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	18M	15M	1M	10M	14M	19M	14M	16M	15M	16M	12M	18M
Pretax income	3.5B	-2B	903M	318M	-579M	380M	-17M	189M	72M	-358M	-400M	665M
Income tax	712M	-395M	101M	36M	-113M	22M	1M	4M	-19M	-172M	20M	5M
Net income	2.8B	-1.6B	802M	282M	-466M	358M	-18M	185M	91M	-186M	-420M	660M
Net margin	107.6%	-172.4%	-223.4%	23.5%	-22.3%	226.6%	-0.48%	-38.3%	6.75%	-9.68%	-14.4%	412.5%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	33.7	-19.6	10	3.45	-6.37	4.5	-0.48	2.34	0.93	-3.13	-6.24	9.18
Diluted EPS	33.4	-19.6	9.94	3.43	-6.37	4.45	-0.48	2.34	0.92	-3.13	-6.24	9.16

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	3.9B	3B	4.2B	6.6B	7.6B	8.9B
Enterprise value	—	—	—	-46.2B	-39.4B	-34.9B	-33.1B	-40.9B	9.7B
Shares outstanding	94.5M	94.5M	94.5M	94M	85.5M	81.8M	76.1M	70.8M	70.8M

Valuation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	1.07	0.48	4.39	6.79	104.9	144.3
P/S	—	—	—	0.71	0.31	1.29	2.14	1.16	1.36
P/B	—	—	—	0.36	0.32	0.41	0.66	0.73	0.95
EV/Sales	—	—	—	-8.39	-4.05	-10.8	-10.7	-6.28	1.48
Earnings yield	—	—	—	93.6%	209.4%	22.8%	14.7%	0.95%	0.69%
FCF yield	—	—	—	144.5%	175%	126.8%	87.5%	76.2%	13.8%
PEG	—	—	—	—	—	—	—	—	0.49

Profitability

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	-810.1%
Net margin	15%	-12.7%	-35.3%	66.9%	64%	29.4%	31.6%	1.11%	1.57%
ROE	—	-6.04%	-16.5%	33.2%	66.4%	9.23%	9.78%	0.7%	1.38%
ROA	—	—	—	—	—	—	0.29%	0.02%	0.06%
Return on tangible assets	—	—	—	—	—	—	0.29%	0.02%	0.04%

Financial health

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	—	—	—	—	—	—	—	1.81
Debt / equity	—	0.37	0.03	0.37	0.47	0.39	0.44	0.45	0.55
Debt / assets	—	—	—	—	—	—	0.01	0.01	0.01
Interest coverage	28.8	-7.19	-27.3	118.4	69.4	6.18	11.1	-0.14	0.79
Effective tax rate	14.1%	0%	0%	15.3%	19.5%	0.42%	4.5%	0%	0%

Per share

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	144.9	36.9	49.2	58.5	113.8	39.6	40.7	91.9	94
EPS (basic)	21	-5.26	-17.3	36.4	72.3	11	11.9	-0.24	-0.24
EPS (diluted)	21	-5.26	-17.3	36.2	69.8	10.8	11.7	-0.24	0.91
Book value per share	—	77.5	105	117.8	109.7	126.3	131.2	146	138.3
FCF per share	61.6	46.2	39.3	60.5	60.9	64.9	76.2	81.3	83.7
Cash per share	—	624.8	646.7	576.3	547.1	527	579.3	748.6	88.4

Capital allocation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Payout ratio	21.9%	-650.5%	0%	1.36%	2.99%	24.7%	26.1%	370.8%	373.6%
Dividend yield	—	—	—	1.27%	6.25%	5.63%	3.85%	3.53%	2.74%

Yield

2.74%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.90

ex-dividend Sep 15, 2026

Payout ratio

374%

of earnings

Dividend growth

4 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 15, 2026	$0.90
Jun 11, 2026	$0.90
Mar 16, 2026	$0.90
Dec 4, 2025	$0.80
Sep 15, 2025	$0.80
Jun 12, 2025	$0.80
Mar 11, 2025	$0.80
Dec 5, 2024	$0.70

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	59B	61.1B	54.2B	46.8B	43.1B	44.1B	53B
Receivables	8.4B	35.3B	33.1B	29.1B	25.6B	22B	19.6B
Inventory	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—
Property, plant & equipment	—	—	—	—	—	—	—
Goodwill & intangibles	—	—	—	—	—	—	—
Total assets	—	—	—	—	—	338.4B	352.6B
Accounts payable	—	—	—	—	—	—	—
Short-term debt	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—
Long-term debt	2.7B	322M	4.1B	4.4B	4B	4.4B	4.6B
Total liabilities	—	—	—	—	—	328.5B	342.2B
Shareholders' equity	7.3B	9.9B	11.1B	9.4B	10.3B	10B	10.3B
Total debt	2.7B	322M	4.1B	4.4B	4B	4.4B	4.6B
Net debt	757.3M	-1.7B	1.4B	69M	1.3B	610M	-1.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	41.8B	43.1B	42.6B	42.1B	45.4B	44.1B	46.1B	47.6B	50.6B	53B	54.1B	58.2B
Receivables	26.4B	25.6B	24.7B	23.8B	23.1B	22B	21.2B	20.5B	20.2B	19.6B	19B	18.4B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	—	—	340.3B	337.8B	345.7B	338.4B	327.2B	343.7B	353.6B	352.6B	339.5B	367.1B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	649M
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	4.6B	4B	4.1B	4.1B	4.4B	4.4B	4.3B	4.7B	4.6B	4.6B	4.6B	4.6B
Total liabilities	—	—	329.9B	327.5B	334.8B	328.5B	316.7B	333.1B	343.1B	342.2B	329.6B	356.6B
Shareholders' equity	10.3B	10.3B	10.4B	10.3B	10.9B	10B	10.5B	10.6B	10.5B	10.3B	9.9B	10.5B
Total debt	4.6B	4B	4.1B	4.1B	4.4B	4.4B	4.3B	4.7B	4.6B	4.6B	4.6B	5.2B
Net debt	1.9B	1.3B	1.6B	2.3B	1.3B	610M	446M	885M	86M	-1.1B	-969M	-743M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.1B	-442M	-1.6B	3.7B	6.2B	954M	976M	72M
Depreciation & amortization	—	—	—	—	—	—	—	—
Stock-based compensation	38.6M	79M	56M	129M	131M	107M	191M	132M
Change in working capital	1.1B	-622M	351M	-686M	-600M	-505M	78M	55M
Operating cash flow	3.4B	-1.9B	-3.1B	-596M	1B	-2.2B	-1.7B	5.8B
Capital expenditure	—	—	—	—	—	—	—	—
Investing cash flow	-1.8B	-7.8B	-3.3B	-616M	-1.3B	-1.5B	-7.7B	-7.4B
Dividends paid	-450M	-2.9B	0	-50M	-186M	-236M	-255M	-267M
Share repurchases	—	0	0	-211M	-321M	-306M	-442M	-669M
Financing cash flow	-1.7B	1.9B	-395M	-4.3B	-1.6B	-5.3B	841M	4.5B
Net change in cash	-130.4M	-7.8B	-6.8B	-5.5B	-1.9B	-9B	-8.6B	2.8B
Free cash flow	5.8B	4.4B	3.7B	5.7B	5.2B	5.3B	5.8B	5.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	2.8B	-1.6B	802M	282M	-466M	358M	-18M	185M	91M	-186M	-420M	660M
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	35M	33M	45M	48M	69M	29M	54M	18M	34M	26M	60M	14M
Change in working capital	237M	-85M	166M	75M	-460M	297M	132M	-95M	-109M	127M	-247M	428M
Operating cash flow	672M	528M	-1.6B	-71M	1.3B	-1.3B	2.7B	1.2B	1.4B	1.6B	1B	1.8B
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	2B	51M	-2.2B	-2.1B	-561M	-2.8B	-833M	-2.9B	-2.1B	-1.7B	-2.2B	-2.4B
Dividends paid	-62M	-60M	-65M	-64M	-64M	-62M	-69M	-68M	-65M	-65M	-75M	-73M
Share repurchases	-72M	-70M	-120M	-109M	-114M	-99M	-202M	-158M	-157M	-152M	-227M	-227M
Financing cash flow	-936M	-1.8B	-1.4B	-347M	1.3B	1.2B	-4M	1.4B	1.6B	1.5B	1.8B	1.6B
Net change in cash	1.7B	-1.2B	-5.2B	-2.6B	2B	-2.9B	1.8B	-336M	913M	1.4B	627M	1.1B
Free cash flow	1.1B	1.6B	1.4B	1.5B	1.4B	1.5B	1.6B	1.2B	1.4B	1.6B	1B	1.8B

Jackson Financial Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement