Manulife Financial Corporation (MFC) — Financial statements
Income statement, balance sheet, and cash flow for Manulife Financial Corporation — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 53,014↑827.4% | -7,288↓3.6% | -7,037↓129.1% | 24,159↓59.6% | 59,841 | |
| Cost of Revenue | 39,489↑288.8% | -20,918↓18.1% | -17,719↓178.7% | 22,515↓45.4% | 41,205 | |
| Gross Profit | 13,525↓0.8% | 13,630↑27.6% | 10,682↑549.8% | 1,644↓91.2% | 18,636 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 4,901↑0.9% | 4,859↑12.2% | 4,330↑16.1% | 3,731↓52.3% | 7,828 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 4,901↑0.9% | 4,859↑12.2% | 4,330↑16.1% | 3,731↓52.3% | 7,828 | |
| Other Expenses | 1,530↓9.0% | 1,681↑1781.0% | -100↓109.5% | 1,051↓60.8% | 2,683 | |
| Operating Expenses | 6,431↓1.7% | 6,540↑54.6% | 4,230↓11.5% | 4,782↓54.5% | 10,511 | |
| Total Costs & Expenses | 45,920↑419.4% | -14,378↓6.6% | -13,489↓149.4% | 27,297↓47.2% | 51,716 | |
| Operating Results | ||||||
| Operating Income | 7,094↑0.1% | 7,090↑9.9% | 6,452↑305.6% | -3,138↓138.6% | 8,125 | |
| Depreciation & Amortization | -1,829↓21.4% | -1,507↓6.4% | -1,417↑3.9% | -1,474↓378.6% | 529 | |
| EBITDA | 6,795↓6.5% | 7,264↑10.2% | 6,589↑285.0% | -3,561↓136.8% | 9,665 | |
| EBIT | 8,624↓1.7% | 8,771↑9.6% | 8,006↑483.6% | -2,087↓122.8% | 9,136 | |
| Interest & Other Income | ||||||
| Net Interest Income | 17,550↑1144.7% | -1,680↓8.1% | -1,554↓49.2% | -1,042↓2.3% | -1,019 | |
| Interest Income | 19,080 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 1,530↓8.9% | 1,680↑8.1% | 1,554↑49.2% | 1,042↑2.3% | 1,019 | |
| Non-Operating Income | -1,530↑9.0% | -1,681↓8.2% | -1,554↓47.9% | -1,051↓4.0% | -1,011 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 7,094↑0.1% | 7,090↑9.9% | 6,452↑305.6% | -3,138↓138.6% | 8,125 | |
| Income Tax Expense | 1,034↓14.7% | 1,212↑43.4% | 845↑172.9% | -1,159↓195.5% | 1,213 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 6,060↑3.1% | 5,878↑4.8% | 5,607↑383.3% | -1,979↓128.6% | 6,912 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 5,782↑2.7% | 5,631↑3.1% | 5,463↑360.1% | -2,100↓131.5% | 6,657 | |
| Bottom-Line Net Income | 5,251↑3.5% | 5,074↑5.7% | 4,800↑318.9% | -2,193↓131.8% | 6,890 | |
| EPS (Basic) | 3.08↑8.1% | 2.85↑8.8% | 2.62↑338.2% | -1.10↓131.0% | 3.55 | |
| EPS (Diluted) | 3.07↑8.1% | 2.84↑8.8% | 2.61↑337.3% | -1.10↓131.1% | 3.54 | |
| Weighted Average Shares | 1,703↓4.3% | 1,779↓3.0% | 1,834↓4.0% | 1,910↓1.6% | 1,942 | |
| Weighted Average Diluted Shares | 1,708↓4.3% | 1,785↓2.9% | 1,838↓3.9% | 1,913↓1.7% | 1,946 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.