AdaptHealth (AHCO) Operating Expenses (2018 - 2026)
AdaptHealth (AHCO) posted quarterly Operating Expenses of $814.3 million for Q1 2026, up 7.9% year-over-year from $754.7 million in Q1 2025, and down 11.48% quarter-over-quarter from $919.9 million in Q4 2025.
AdaptHealth (AHCO) Operating Expenses (2018 - 2026) Analysis & Trends
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 for Q1 2026 stood at $814.3 million, down from $919.9 million in the prior quarter.
- The five-year high for Operating Expenses was $1.3 billion in Q3 2023, with the low at $654.7 million in Q1 2022.
- The 5-year median for Operating Expenses is $753.6 million (2022), against an average of $798.6 million.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 79.81% in 2023, then sank 41.32% in 2024.
- AdaptHealth's Operating Expenses stood at $753.6 million in 2022, then soared by 42.8% to $1.1 billion in 2023, then decreased by 29.47% to $759.0 million in 2024, then grew by 21.21% to $919.9 million in 2025, then fell by 11.48% to $814.3 million in 2026.
- Business Quant data shows AHCO's Operating Expenses at $814.3 million in Q1 2026, $919.9 million in Q4 2025, and $758.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.20 Bn | 194.60 Bn | 7.27 Bn | 10.90 Bn |
| 2 | Stryker | 129.69 Bn | 126.21 Bn | 4.50 Bn | 2.84 Bn |
| 3 | Medtronic | 120.14 Bn | 110.92 Bn | 6.41 Bn | 3.59 Bn |
| 4 | Boston Scientific | 74.16 Bn | 73.62 Bn | 3.85 Bn | 2.67 Bn |
| 5 | Edwards Lifesciences | 52.68 Bn | 48.43 Bn | 1.35 Bn | 846.40 Mn |
| 6 | Dexcom | 34.57 Bn | 32.62 Bn | 830.00 Mn | 511.70 Mn |
| 7 | GE HealthCare Technologies | 34.09 Bn | 31.98 Bn | 2.18 Bn | 1.44 Bn |
| 8 | Koninklijke Philips | 26.49 Bn | 23.17 Bn | 4.55 Bn | -741.59 Mn |
| 9 | Steris | 23.19 Bn | 22.70 Bn | 684.20 Mn | 398.30 Mn |
| 10 | AdaptHealth | 753.42 Mn | 710.14 Mn | 104.21 Mn | 884.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 884.38 Mn |
| Mar 31, 2026 | 814.31 Mn |
| Dec 31, 2025 | 919.95 Mn |
| Sep 30, 2025 | 758.58 Mn |
| Jun 30, 2025 | 753.35 Mn |
| Mar 31, 2025 | 754.71 Mn |
| Dec 31, 2024 | 758.98 Mn |
| Sep 30, 2024 | 742.37 Mn |
| Jun 30, 2024 | 753.93 Mn |
| Mar 31, 2024 | 741.97 Mn |
| Dec 31, 2023 | 1.08 Bn |
| Sep 30, 2023 | 1.27 Bn |
| Jun 30, 2023 | 739.02 Mn |
| Mar 31, 2023 | 718.45 Mn |
| Dec 31, 2022 | 753.55 Mn |
| Sep 30, 2022 | 703.55 Mn |
| Jun 30, 2022 | 668.44 Mn |
| Mar 31, 2022 | 654.65 Mn |
| Dec 31, 2021 | 643.62 Mn |
| Sep 30, 2021 | 577.58 Mn |