MFC financial statements
The full income statement, balance sheet, and cash-flow statement for Manulife Financial Corporation (MFC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 5.82B+5.1% | 5.53B+10.7% | 5.00B+5.2% | 4.75B-90.4% | 49.3B-16.2% | |
| Pre-tax income | 5.08B-1.8% | 5.17B+8.2% | 4.78B+298.3% | -2.41B-137.2% | 6.48B+28.3% | |
| Income tax | 740M-16.3% | 884M+41.2% | 626M+170.3% | -890M-192.0% | 968M+8.6% | |
| 4.34B+1.2% | 4.29B+3.2% | 4.16B+373.3% | -1.52B-127.6% | 5.51B+32.6% | ||
| Net income to common | 3.99B+1.5% | 3.93B+3.9% | 3.78B+354.6% | -1.49B-126.2% | 5.67B+29.4% | |
| $2.20+6.1% | $2.07+7.1% | $1.93+318.9% | -$0.88-131.3% | $2.82+29.2% | ||
| EPS (basic) | $2.20+6.0% | $2.08+7.1% | $1.94+319.7% | -$0.88-131.2% | $2.83+29.1% | |
| Weighted-avg shares (basic) | 1.70B-4.3% | 1.78B-3.0% | 1.83B-4.0% | 1.91B-1.6% | 1.94B+0.1% | |
| Weighted-avg shares (diluted) | 1.71B-4.3% | 1.78B-2.9% | 1.84B-3.9% | 1.91B-1.7% | 1.95B+0.2% | |
| Dividends per share | $1.26+7.9% | $1.17+7.9% | $1.08+6.7% | $1.01+8.7% | $0.93+11.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 19.5B+8.8% | 17.9B+16.7% | 15.4B+8.6% | 14.2B-20.9% | 17.9B-13.0% | |
| 749B+10.1% | 680B+2.9% | 661B+7.4% | 616B-15.2% | 726B+5.0% | ||
| Goodwill | 5.02B+15.1% | 4.36B-2.4% | 4.47B+0.6% | 4.44B-0.7% | 4.47B-0.4% | |
| 710B+10.4% | 644B+3.0% | 625B+7.6% | 580B-14.6% | 680B+4.6% | ||
| Long-term debt | — | 4.61B+0.5% | 4.59B-0.4% | 4.61B+19.2% | 3.86B-20.2% | |
| 36.6B+3.3% | 35.4B-0.3% | 35.5B+2.6% | 34.6B-25.1% | 46.2B+12.5% | ||
| Total equity incl. non-controlling | 38.3B+4.1% | 36.8B+0.0% | 36.8B+3.3% | 35.6B-23.5% | 46.6B+11.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 23.0B+18.9% | 19.3B+27.7% | 15.1B+18.5% | 12.8B-30.8% | 18.5B+23.5% | ||
| Intangible amortization | 260M-4.5% | 273M+12.2% | 243M-8.0% | 264M+34.7% | 196M-9.0% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 991M | 0.00-100.0% | 885M+21.7% | 727M | 0.00-100.0% | |
| Long-term debt repaid | 716M-48.0% | 1.38B+209.4% | 445M-42.1% | 768M+17.7% | 653M-30.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 2.37B+2.6% | 2.30B+4.6% | 2.20B+2.9% | 2.14B+7.4% | 1.99B+14.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 62.0B+13.0% | 54.8B+29.7% | 42.3B+21.8% | 34.7B-6.4% | 37.1B+7.2% | |
| P/E | 14.3×+11.8% | 12.8× | — | 6.3×-6.4% | 6.7×-19.1% | |
| P/S | 10.7×+7.5% | 9.9×+11.3% | 8.9×+1163.7% | 0.7×-6.4% | 0.8×+27.9% | |
| P/B | 1.7×+9.4% | 1.5×+26.7% | 1.2×+62.6% | 0.8×-6.4% | 0.8×-4.7% | |
| Earnings yield | 7.0%-10.5% | 7.8% | — | 15.9%+6.9% | 14.9%+23.7% | |
| Dividend yield | 3.5%-8.6% | 3.8%-22.4% | 4.9%-13.9% | 5.7%+16.1% | 4.9%+4.4% | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: MFC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MFC filings on SEC EDGAR → Not investment advice.