AdaptHealth (AHCO) Operating Expenses (2018 - 2026)

AdaptHealth's Operating Expenses history runs 9 years deep, the most recent figure standing at $814.3 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 7.9% year-over-year to $814.3 million; the TTM figure through Mar 2026 stood at $3.2 billion (up 7.85% YoY), while the FY2025 annual figure was $3.2 billion, up 6.32% from the prior year.
• Operating Expenses was $814.3 million for Q1 2026 at AdaptHealth, down from $919.9 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $1.3 billion in Q3 2023 to a low of $654.7 million in Q1 2022.
• Historically, Operating Expenses has averaged $798.6 million across 5 years, with a median of $753.6 million in 2022.
• The sharpest annual moves came in 2023 and 2024: Operating Expenses surged 79.81% in 2023, then slumped 41.32% in 2024.
• A 5-year view of Operating Expenses shows it stood at $753.6 million in 2022, then jumped by 42.8% to $1.1 billion in 2023, then slipped by 29.47% to $759.0 million in 2024, then increased by 21.21% to $919.9 million in 2025, then retreated by 11.48% to $814.3 million in 2026.
• The last three Operating Expenses figures came in at $814.3 million (Q1 2026), $919.9 million (Q4 2025), and $758.6 million (Q3 2025), per Business Quant data.