1.Sales and profit
See section β- Jackson Financial Inc. had $6.7B of revenue in fiscal 2025, up 104.3% on the year before. Over five years, revenue changed +13.5% a year on average.
- Jackson Financial Inc. made $27.0M of net profit in fiscal 2025.
Jackson Financial Inc.
JXN NYSE Life Insurance Financials FY2019βFY2025
Jackson Financial Inc. had $6.7B of revenue in fiscal 2025, up 104.3% on the year before. Over five years, revenue changed +13.5% a year on average.
Last close Β· Oct 23, 2026
$130.19
2.3%KIRAβs summary AI analyst
Hi! I read Jackson Financial Inc.βs latest annual report (fiscal 2025). Here is what stands out:
3 strengths
2.Cash and shareholders
See section β- Jackson Financial Inc. returned $892M to shareholders in fiscal 2025. The diluted share count fell 7.3%.
- In the last 12 months, insiders sold $2.7M of shares on the open market and bought none.
3.Financial health
See section β- Jackson Financial Inc. has $3.7B more cash than debt.
- Jackson Financial Inc. passes 6 of 7 financial health tests (Piotroski F-score).
Jackson Financial Inc. in 30 seconds
Good So-so Weak
Good
Are sales growing?
+104.3%
Yes. Sales grew 104.3% last year.
So-so
Does it make a profit?
0.4%
A little. It keeps 0.4% of every sale as profit.
So-so
How healthy are the accounts?
6 / 7
Mixed. It passes 6 of 7 health tests.
For information
How is the share priced?
158.8x
One share costs 158.8 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
$9.2B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
158.8x
On $0.82 EPS (TTM)
Charts by
Sales and profit
Is it selling more, and how much does it keep?
Revenue and margins
KIRA Β· Jackson Financial Inc. had $6.7B of revenue in fiscal 2025, up 104.3% on the year before. Over five years, revenue changed +13.5% a year on average.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
FY19
Revenue $3.5B
FY20
Revenue $3.5B
FY21
Revenue $6.4B
FY22
Revenue $9.8B
FY23
Revenue $3.1B
FY24
Revenue $3.3B
FY25
Revenue $6.7B
Revenue
Q3 '23
Revenue $2.6B
Q4 '23
Revenue $882M
Q1 '24
Revenue β$322M
Q2 '24
Revenue $1.2B
Q3 '24
Revenue $2.1B
Q4 '24
Revenue $225M
Q1 '25
Revenue $3.8B
Q2 '25
Revenue β$471M
Q3 '25
Revenue $1.4B
Q4 '25
Revenue $2.0B
Q1 '26
Revenue $2.9B
Q2 '26
Revenue $168M
Margins, % of revenue
FY19
Gross β
Operating β
Net β14.3%
FCF β
FY20
Gross β
Operating β
Net β46.1%
FCF β
FY21
Gross β
Operating β
Net 53.7%
FCF β
FY22
Gross β
Operating β
Net 62.8%
FCF β
FY23
Gross β
Operating β
Net 30.3%
FCF β
FY24
Gross β
Operating β
Net 28.9%
FCF β
FY25
Gross β
Operating β
Net 0.4%
FCF β
Gross
Operating
Net
FCF
Margins, % of revenue
Q3 '23
Gross β
Operating β
Net 107.3%
FCF β
Q4 '23
Gross β
Operating β
Net β176.8%
FCF β
Q1 '24
Gross β
Operating β
Net β246.9%
FCF β
Q2 '24
Gross β
Operating β
Net 22.1%
FCF β
Q3 '24
Gross β
Operating β
Net β22.1%
FCF β
Q4 '24
Gross β
Operating β
Net 153.3%
FCF β
Q1 '25
Gross β
Operating β
Net β0.6%
FCF β
Q2 '25
Gross β
Operating β
Net β38.0%
FCF β
Q3 '25
Gross β
Operating β
Net 5.4%
FCF β
Q4 '25
Gross β
Operating β
Net β10.3%
FCF β
Q1 '26
Gross β
Operating β
Net β14.6%
FCF β
Q2 '26
Gross β
Operating β
Net 389.9%
FCF β
Gross
Operating
Net
FCF
Net income and earnings per share
KIRA Β· Jackson Financial Inc. made $27.0M of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
FY19
Net income β$497M
FY20
Net income β$1.6B
FY21
Net income $3.4B
FY22
Net income $6.2B
FY23
Net income $934M
FY24
Net income $946M
FY25
Net income $27.0M
Net income
Q3 '23
Net income $2.8B
Q4 '23
Net income β$1.6B
Q1 '24
Net income $795M
Q2 '24
Net income $275M
Q3 '24
Net income β$469M
Q4 '24
Net income $345M
Q1 '25
Net income β$24.0M
Q2 '25
Net income $179M
Q3 '25
Net income $76.0M
Q4 '25
Net income β$204M
Q1 '26
Net income β$424M
Q2 '26
Net income $655M
Diluted EPS
FY19
Diluted EPS β$13.16
FY20
Diluted EPS β$24.14
FY21
Diluted EPS $36.17
FY22
Diluted EPS $69.75
FY23
Diluted EPS $10.76
FY24
Diluted EPS $11.74
FY25
Diluted EPS β$0.24
Diluted EPS
Q3 '23
Diluted EPS $33.35
Q4 '23
Diluted EPS β$18.69
Q1 '24
Diluted EPS $9.94
Q2 '24
Diluted EPS $3.43
Q3 '24
Diluted EPS β$6.37
Q4 '24
Diluted EPS $4.74
Q1 '25
Diluted EPS β$0.48
Q2 '25
Diluted EPS $2.34
Q3 '25
Diluted EPS $0.92
Q4 '25
Diluted EPS β$3.02
Q1 '26
Diluted EPS β$6.24
Q2 '26
Diluted EPS $9.16
Cash and shareholders
How much cash comes in, and where does it go?
Cash flow
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
FY19
Free cash flow β
FY20
Free cash flow β
FY21
Free cash flow β
FY22
Free cash flow β
FY23
Free cash flow β
FY24
Free cash flow β
FY25
Free cash flow β
Cash from operations vs capital spending
FY19
Cash from operations $4.4B
Capital spending β
FY20
Cash from operations $3.7B
Capital spending β
FY21
Cash from operations $5.7B
Capital spending β
FY22
Cash from operations $5.2B
Capital spending β
FY23
Cash from operations $5.3B
Capital spending β
FY24
Cash from operations $5.8B
Capital spending β
FY25
Cash from operations $5.8B
Capital spending β
Cash from operations
Capital spending
Cash from operations vs capital spending
Q3 '23
Cash from operations $1.1B
Capital spending β
Q4 '23
Cash from operations $1.6B
Capital spending β
Q1 '24
Cash from operations $1.4B
Capital spending β
Q2 '24
Cash from operations $1.5B
Capital spending β
Q3 '24
Cash from operations $1.4B
Capital spending β
Q4 '24
Cash from operations $1.5B
Capital spending β
Q1 '25
Cash from operations $1.6B
Capital spending β
Q2 '25
Cash from operations $1.2B
Capital spending β
Q3 '25
Cash from operations $1.4B
Capital spending β
Q4 '25
Cash from operations $1.6B
Capital spending β
Q1 '26
Cash from operations $1.0B
Capital spending β
Q2 '26
Cash from operations $1.8B
Capital spending β
Cash from operations
Capital spending
Dividends, buybacks and share count
KIRA Β· Jackson Financial Inc. returned $892M to shareholders in fiscal 2025. The diluted share count fell 7.3%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
FY19
Dividends $0.0M
Buybacks $0.0M
FY20
Dividends $0.0M
Buybacks $0.0M
FY21
Dividends $50.0M
Buybacks $211M
FY22
Dividends $186M
Buybacks $321M
FY23
Dividends $201M
Buybacks $306M
FY24
Dividends $211M
Buybacks $442M
FY25
Dividends $223M
Buybacks $669M
Dividends
Buybacks
Dividends and buybacks
Q3 '23
Dividends $51.0M
Buybacks $72.0M
Q4 '23
Dividends $49.0M
Buybacks $70.0M
Q1 '24
Dividends $54.0M
Buybacks $120M
Q2 '24
Dividends $53.0M
Buybacks $109M
Q3 '24
Dividends $53.0M
Buybacks $114M
Q4 '24
Dividends $51.0M
Buybacks $99.0M
Q1 '25
Dividends $58.0M
Buybacks $202M
Q2 '25
Dividends $57.0M
Buybacks $158M
Q3 '25
Dividends $54.0M
Buybacks $157M
Q4 '25
Dividends $54.0M
Buybacks $152M
Q1 '26
Dividends $64.0M
Buybacks $227M
Q2 '26
Dividends $62.0M
Buybacks $227M
Dividends
Buybacks
Diluted shares outstanding (annual)
FY19
Diluted shares 0.04B
FY20
Diluted shares 0.07B
FY21
Diluted shares 0.09B
FY22
Diluted shares 0.09B
FY23
Diluted shares 0.08B
FY24
Diluted shares 0.08B
FY25
Diluted shares 0.07B
Insider trades
KIRA Β· In the last 12 months, insiders sold $2.7M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$2.7M
3 insiders
Of sales under plans
0%
$0.0M
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
KIRA Β· Jackson Financial Inc. has $3.7B more cash than debt.
Cash, debt and the ratios that show how comfortably Jackson Financial Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
FY19
Cash $1.9B
Debt β
FY20
Cash $2.0B
Debt $322M
FY21
Cash $2.6B
Debt $2.6B
FY22
Cash $4.3B
Debt $2.9B
FY23
Cash $2.7B
Debt $3.0B
FY24
Cash $3.8B
Debt $2.0B
FY25
Cash $5.7B
Debt $2.0B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $2.6B | $4.3B | $2.7B | $3.8B | $5.7B |
| Debt incl. finance leases | $2.6B | $2.9B | $3.0B | $2.0B | $2.0B |
| Debt / equity | 0.3x | 0.3x | 0.3x | 0.2x | 0.2x |
| Total assets | $375.6B | $315.0B | $330.3B | $338.5B | $352.6B |
| Total liabilities | $364.5B | $305.6B | $319.9B | $328.5B | $342.2B |
| Shareholders' equity | $10.4B | $8.6B | $10.2B | $9.8B | $10.0B |
| Net debt (β = net cash) | $26.0M | β$1.4B | $319M | β$1.7B | β$3.7B |
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
FY19
Return on capital β
Return on equity β6.8%
Return on assets β
FY20
Return on capital β
Return on equity β19.5%
Return on assets β0.5%
FY21
Return on capital β
Return on equity 34.5%
Return on assets 0.9%
FY22
Return on capital β
Return on equity 65.0%
Return on assets 1.8%
FY23
Return on capital β
Return on equity 9.9%
Return on assets 0.3%
FY24
Return on capital β
Return on equity 9.5%
Return on assets 0.3%
FY25
Return on capital β
Return on equity 0.3%
Return on assets 0.0%
Return on capital
Return on equity
Return on assets
Piotroski F-score
KIRA Β· Jackson Financial Inc. passes 6 of 7 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 4 | 5 / 7 | 5 / 7 | 5 / 7 | 6 / 7 | 6 / 7 |
| Accruals ratio | β | β1.5% | β0.6% | 0.3% | β1.4% | β1.4% | β1.7% |
| Altman Z'' | β | β | β | β | β | β | β |
All figures
Every number, year by year.
7 years of figures
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $3.5B | $3.5B | $6.4B | $9.8B | $3.1B | $3.3B | $6.7B |
| Interest expense | $99.0M | $88.0M | $37.0M | $98.0M | $109M | $101M | $100M |
| Pretax income | β$811M | β$2.5B | $4.0B | $7.7B | $958M | $1.0B | β$114M |
| Income tax | β$369M | β$854M | $666M | $1.5B | $4.0M | $46.0M | β$186M |
| Net income | β$497M | β$1.6B | $3.4B | $6.2B | $934M | $946M | $27.0M |
| Net income to common | β | β | $3.4B | $6.2B | $899M | $902M | β$17.0M |
| Diluted EPS | β$13.16 | β$24.14 | $36.17 | $69.75 | $10.76 | $11.74 | β$0.24 |
| Diluted shares | 0.04B | 0.07B | 0.09B | 0.09B | 0.08B | 0.08B | 0.07B |
| Cash flow | |||||||
| Cash from operations | $4.4B | $3.7B | $5.7B | $5.2B | $5.3B | $5.8B | $5.8B |
| Depreciation and amortization | $11.0M | $11.0M | $11.0M | β | β | β | β |
| Stock-based compensation | $79.0M | $56.0M | $129M | $131M | $107M | $191M | $132M |
| Share buybacks | $0.0M | $0.0M | $211M | $321M | $306M | $442M | $669M |
| Dividends paid | $0.0M | $0.0M | $50.0M | $186M | $201M | $211M | $223M |
| Dividends and buybacks | $0.0M | $0.0M | $261M | $507M | $507M | $653M | $892M |
| Balance sheet | |||||||
| Cash and short-term investments | $1.9B | $2.0B | $2.6B | $4.3B | $2.7B | $3.8B | $5.7B |
| Total debt | β | $322M | $2.6B | $2.9B | $3.0B | $2.0B | $2.0B |
| Loans, net | β | $10.7B | $11.5B | $11.0B | $10.6B | $9.9B | $10.2B |
| Total assets | β | $353.5B | $375.6B | $315.0B | $330.3B | $338.5B | $352.6B |
| Total liabilities | β | $343.5B | $364.5B | $305.6B | $319.9B | $328.5B | $342.2B |
| Preferred stock | β | β | β | $0.0M | $533M | $533M | $533M |
| Shareholders' equity | $7.3B | $9.4B | $10.4B | $8.6B | $10.2B | $9.8B | $10.0B |
| Margins | |||||||
| Net margin | β14.3% | β46.1% | 53.7% | 62.8% | 30.3% | 28.9% | 0.4% |
| Returns | |||||||
| Return on equity | β6.8% | β19.5% | 34.5% | 65.0% | 9.9% | 9.5% | 0.3% |
| Return on assets | β | β0.5% | 0.9% | 1.8% | 0.3% | 0.3% | 0.0% |
| Return on tangible equity | β6.8% | β17.3% | 32.9% | 71.5% | 8.8% | 9.2% | β0.2% |
| Growth | |||||||
| Revenue growth | β | 2.0% | 79.4% | 54.8% | β68.7% | 6.1% | 104.3% |
| Net income growth | β | β | β | 81.0% | β84.9% | 1.3% | β97.1% |
| EPS growth | β | β | β | 92.8% | β84.6% | 9.1% | β102.0% |
| Share count change | β | 79.1% | 39.6% | β6.1% | β5.8% | β8.1% | β7.3% |
| Financial health | |||||||
| Debt / equity | β | 0.0x | 0.3x | 0.3x | 0.3x | 0.2x | 0.2x |
| Capital allocation | |||||||
| Stock comp / revenue | 2.3% | 1.6% | 2.0% | 1.3% | 3.5% | 5.8% | 2.0% |
| Quality scores | |||||||
| Piotroski F-score | β | β | 5.0 | 5.0 | 5.0 | 6.0 | 6.0 |
| Accruals ratio | β | β1.5% | β0.6% | 0.3% | β1.4% | β1.4% | β1.7% |
Source: SEC EDGAR XBRL filings (CIK 0001822993). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.