Globe Life (GL) Q4 FY2025 earnings: revenue $1.5 billion, up 3.6% on the year

Globe Life Inc. (GL) reported revenue of $1.5 billion for Q4 FY2025, the quarter ended 31 December 2025, up 3.6% on the same quarter a year earlier. Net income was $266 million, up 4.3% on the year, and diluted earnings per share $3.29. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2026.

Revenue

$1.5 billion

+3.6% on the year · +0.4% on the quarter

Q1 FY2024Q4 FY2025

Operating margin

21.7%

21.3% a year earlier

Q1 FY2024Q4 FY2025

Net income

$266 million

+4.3% on the year · -31.4% on the quarter

Q1 FY2024Q4 FY2025

Diluted EPS

$3.29

+9.3% on the year · -30.4% on the quarter

Q1 FY2024Q4 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 raised.

Quarter net income per share rose: Fourth quarter net income was $3.29 per diluted share, against $3.01 a year earlier. Net income is the GAAP measure reported alongside net operating income.
Quarter operating income per share up 8%: Net operating income was $3.39 per diluted share, against $3.14 a year earlier, up 8%. In dollars, quarterly net operating income was $273,735 thousand, up 3%.
American Income life sales rose 10%: American Income life net sales rose 10% and life premium rose 6%. Its life underwriting margin rose 5% to $208,263 thousand.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Revenue	1,520	1,513	1,466	+0.4%	+3.6%
Operating income	329	477	312	-30.9%	+5.5%
Operating margin	21.7%	31.5%	21.3%
Interest expense	35.2	36.1	35.7	-2.6%	-1.3%
Pre-tax income	329	477	312	-30.9%	+5.5%
Income tax	63.4	89.3	57.2	-29.0%	+10.8%
Effective tax rate	19.2%	18.7%	18.3%
Net income	266	388	255	-31.4%	+4.3%
Net margin	17.5%	25.6%	17.4%
Diluted EPS	$3.29	$4.73	$3.01	-30.4%	+9.3%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Operating cash flow	351	306	337	+14.6%	+4.1%
Capital expenditure	20.5	97.3	15.0	-78.9%	+36.7%
Free cash flow	330	209	322	+58.2%	+2.5%
Free cash flow margin	21.7%	13.8%	22.0%
Cash from investing	-266	-73.8	181
Cash from financing	-241	-172	-501
Share-based compensation	12.7	14.6	11.5	-13.1%	+10.1%
Buybacks	192	174	51.7	+10.6%	+272.2%
Dividends paid	21.7	21.9	20.2	-0.9%	+7.3%
Dividend per share	n/a	$0.27	n/a
Diluted shares, weighted	83m	82m	90m	+0.6%	-8.0%
Shares outstanding at period end	92m	97m	97m	-5.1%	-5.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Shareholders' equity	5,975	5,689	5,306	+5.0%	+12.6%
Debt	2,625	2,714	2,740	-3.3%	-4.2%
Other liabilities	22,214	22,124	21,031	+0.4%	+5.6%
Total liabilities and equity	30,814	30,528	29,076	+0.9%	+6.0%
Fixed assets	370	n/a	284		+30.0%
Goodwill	490	490	490	0.0%	0.0%
Investments	315	62.8	85.0	+400.9%	+270.1%
Cash and equivalents	145	303	165	-52.2%	-12.5%
Other assets	29,494	29,672	28,051	-0.6%	+5.1%
Total assets	30,814	30,528	29,076	+0.9%	+6.0%

Questions

What was Globe Life's revenue in Q4 FY2025?

Globe Life (GL) reported revenue of $1.5 billion for Q4 FY2025, the quarter ended 31 December 2025, up 3.6% on the same quarter a year earlier.

How much did Globe Life earn in Q4 FY2025?

Net income for Q4 FY2025 was $266 million, up 4.3% on the year, and diluted earnings per share $3.29.

When did Globe Life report Q4 FY2025 results?

Globe Life filed its 10-K for the year that ended with the quarter on 25 February 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022 †	Q2 FY2022 †	Q3 FY2022 †	Q4 FY2022	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,297	1,303	1,293	1,297	1,335	1,321	1,326	1,384	1,416	1,416	1,440	1,455	1,466	1,480	1,481	1,513	1,520	1,560	1,600	1,596
Gross profit	206	301	307	264	267	305	310	321	323	327	335	379	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Gross margin	16%	23%	24%	20%	20%	23%	23%	23%	23%	23%	23%	26%	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating income	210	302	312	265	269	305	310	322	327	327	339	383	312	316	313	477	329	334	355	441
Operating margin	16%	23%	24%	20%	20%	23%	23%	23%	23%	23%	24%	26%	21%	21%	21%	32%	22%	21%	22%	28%
Interest expense	19.7	19.9	21.8	24.0	24.7	24.9	25.8	26.0	25.7	28.6	31.4	31.4	35.7	35.0	34.9	36.1	35.2	34.0	36.0	37.8
Pre-tax income	218	294	276	235	297	274	265	319	337	315	322	377	312	316	313	477	329	334	355	441
Tax rate	18%	19%	19%	19%	16%	18%	19%	19%	18%	19%	20%	20%	18%	19%	19%	19%	19%	19%	19%	18%
Net income	178	237	224	191	242	224	215	257	275	254	258	303	255	255	253	388	266	271	288	361
Net margin	14%	18%	17%	15%	18%	17%	16%	19%	19%	18%	18%	21%	17%	17%	17%	26%	18%	17%	18%	23%
Diluted EPS	$1.76	$2.37	$2.26	$1.94	$2.46	$2.28	$2.24	$2.68	$2.88	$2.67	$2.83	$3.44	$3.01	$3.01	$3.05	$4.73	$3.29	$3.39	$3.65	$4.62
Operating cash flow	378	397	296	357	372	477	327	287	391	351	374	341	337	432	308	306	351	421	314	326
Capital expenditure	7.5	7.0	6.6	6.1	8.2	8.2	17.4	10.8	13.1	9.1	17.6	29.3	15.0	11.7	12.9	97.3	20.5	24.9	16.5	14.9
Free cash flow	370	390	290	351	364	469	309	276	378	342	356	311	322	420	295	209	330	396	298	311
Buybacks	148	119	144	72.0	119	179	89.8	96.9	145	23.5	336	591	51.7	265	250	174	192	240	275	218
Dividends paid	20.0	19.7	20.5	20.2	20.1	20.1	21.5	21.4	21.2	21.1	22.6	21.6	20.2	20.1	22.4	21.9	21.7	21.4	25.7	25.4
Shares outstanding	109m	109m	109m	109m	105m	105m	105m	105m	102m	102m	102m	102m	97m	97m	97m	97m	92m	92m	92m	92m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2025, filed 25 February 2026: the filing.