Manulife Financial Corporation (MFC) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	57.9B	53.0B	(7.3B)	(7.0B)	24.2B
Cost of Revenue	30.8B	39.5B	(20.9B)	(17.7B)	22.5B
Gross Profit	27.1B	13.5B	13.6B	10.7B	1.6B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	5.3B	4.9B	4.9B	4.3B	3.7B
General & Admin Expense	4.8B	4.9B	4.9B	4.3B	3.7B
Selling & Marketing Expense	500.0M	—	—	—	—
Other Expenses	13.4B	1.5B	1.7B	(100.0M)	1.1B
Total Operating Expenses	18.7B	6.4B	6.5B	4.2B	4.8B
Cost and Expenses	49.6B	45.9B	(14.4B)	(13.5B)	27.3B
Operating Income (EBIT)	8.4B	7.1B	7.1B	6.5B	(3.1B)
Non-Operating
Interest Income	14.7B	19.1B	—	—	—
Interest Expense	1.6B	1.5B	1.7B	1.6B	1.0B
Net Interest Income	13.1B	17.6B	(1.7B)	(1.6B)	(1.0B)
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	(1.6B)	(1.5B)	(1.7B)	(1.6B)	(1.1B)
EBT (Pre-Tax Income)	8.4B	7.1B	7.1B	6.5B	(3.1B)
Income Tax Expense	1.3B	1.0B	1.2B	845.0M	(1.2B)
Bottom Line
Net Income	6.7B	5.8B	5.6B	5.5B	(2.1B)
Earnings from Cont. Ops	7.1B	6.1B	5.9B	5.6B	(2.0B)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	6.2B	5.3B	5.1B	4.8B	(2.2B)
Per Share
Basic EPS	$3.69	$3.08	$2.85	$2.62	($1.10)
Diluted EPS	$3.68	$3.07	$2.84	$2.61	($1.10)
Revenue Per Share	$34.75	$31.13	($4.10)	($3.84)	$12.65
Shares
Basic Shares Outstanding	1.7B	1.7B	1.8B	1.8B	1.9B
Diluted Shares Outstanding	1.7B	1.7B	1.8B	1.8B	1.9B
Profitability Metrics
EBITDA	9.3B	9.5B	7.3B	8.6B	(3.6B)
D&A	(605.5M)	876.3M	(1.5B)	581.0M	(1.5B)
EBIT	9.9B	8.6B	8.8B	8.0B	(2.1B)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026