Agilon Health (AGL) Operating Expenses (2020 - 2026)
Agilon Health (AGL) recorded Operating Expenses of $1.48 billion in Q2 2026, down 1.9% from $1.51 billion a year earlier but up 4.7% from the prior quarter.
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Analysis
Agilon Health (AGL) Operating Expenses (2020 - 2026) Analysis & Trends
On a TTM basis, Agilon Health's Operating Expenses came in at $6.23 billion as of Jun 30, 2026, down 0.8% year-over-year; for FY2025, it came in at $6.4 billion, up 0.7% from FY2024.
- Annual Operating Expenses has increased for six straight years, with a five-year compound annual growth rate of 38.1% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $6.35 billion in FY2024 (+39.7%), $4.55 billion in FY2023 (+82.4%), $2.49 billion in FY2022 (+31.7%) and $1.89 billion in FY2021 (+48.5%).
- Quarterly Operating Expenses has ranged from $176.98 million in Q4 2021 to $1.76 billion in Q4 2025 over the past five years.
- On a year-over-year basis, Operating Expenses rose in three of the last eight quarters, with growth averaging 7.5%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 187.9% in Q4 2023, against a decline of 50.9% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.42 billion (Q1 2026), $1.76 billion (Q4 2025) and $1.57 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 341.92 Bn | 226.55 Bn | 36.67 Bn | 104.04 Bn |
| 2 | Cvs Health | 112.26 Bn | 64.87 Bn | 47.23 Bn | 101.39 Bn |
| 3 | Mckesson | 99.84 Bn | 86.30 Bn | 3.69 Bn | 2.37 Bn |
| 4 | Elevance Health | 85.53 Bn | -56.21 Bn | 13.45 Bn | 48.54 Bn |
| 5 | Cigna | 71.85 Bn | 41.39 Bn | 14.97 Bn | 68.99 Bn |
| 6 | Cencora | 57.95 Bn | 47.04 Bn | 3.61 Bn | 2.28 Bn |
| 7 | Cardinal Health | 51.09 Bn | 35.09 Bn | 2.56 Bn | 1.67 Bn |
| 8 | Humana | 46.78 Bn | -41.02 Bn | 5.50 Bn | 39.51 Bn |
| 9 | Centene | 30.87 Bn | -59.41 Bn | 14.55 Bn | 52.38 Bn |
| 10 | Agilon Health | 1.34 Bn | 322.38 Mn | 107.14 Mn | 1.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.48 Bn |
| Mar 31, 2026 | 1.42 Bn |
| Dec 31, 2025 | 1.76 Bn |
| Sep 30, 2025 | 1.57 Bn |
| Jun 30, 2025 | 1.51 Bn |
| Mar 31, 2025 | 1.55 Bn |
| Dec 31, 2024 | 1.63 Bn |
| Sep 30, 2024 | 1.58 Bn |
| Jun 30, 2024 | 1.53 Bn |
| Mar 31, 2024 | 1.61 Bn |
| Dec 31, 2023 | 1.22 Bn |
| Sep 30, 2023 | 1.18 Bn |
| Jun 30, 2023 | 1.10 Bn |
| Mar 31, 2023 | 1.05 Bn |
| Dec 31, 2022 | 423.85 Mn |
| Sep 30, 2022 | 724.38 Mn |
| Jun 30, 2022 | 691.19 Mn |
| Mar 31, 2022 | 654.19 Mn |
| Dec 31, 2021 | 176.98 Mn |
| Sep 30, 2021 | 494.21 Mn |
API Access
Agilon Health Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=AGL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "AGL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=AGL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();