AdaptHealth (AHCO) Operating Expenses (2018 - 2026)
AdaptHealth (AHCO) posted Operating Expenses of $884.4 million for Q2 2026, up 8.6% on a QoQ basis from $814.3 million in Q1 2026, and up 41.81% year-over-year from $623.6 million in Q2 2025.
Analysis
AdaptHealth (AHCO) Operating Expenses (2018 - 2026) Analysis & Trends
AdaptHealth has reported Operating Expenses for 9 years, with the latest figure at $884.4 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 41.81% year-over-year to $884.4 million in Q2 2026; TTM through Jun 2026 was $3.4 billion, a 17.28% increase from a year earlier, with the FY2025 full-year figure at $3.2 billion, up 6.32% from the prior year.
- Operating Expenses was $884.4 million for Q2 2026 at AdaptHealth, up from $814.3 million in the prior quarter.
- The five-year high for Operating Expenses was $1.3 billion in Q3 2023, with the low at $623.6 million in Q2 2025.
- Average Operating Expenses over 5 years is $796.2 million, with a median of $753.7 million recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses soared 79.81% in 2023, then sank 41.32% in 2024.
- Over 5 years, Operating Expenses stood at $753.6 million in 2022, then surged by 42.8% to $1.1 billion in 2023, then dropped by 29.47% to $759.0 million in 2024, then rose by 21.21% to $919.9 million in 2025, then decreased by 3.87% to $884.4 million in 2026.
- The last three Operating Expenses figures came in at $884.4 million (Q2 2026), $814.3 million (Q1 2026), and $919.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BrightSpring Health Services | 12.78 Bn | 12.22 Bn | 492.75 Mn | 362.36 Mn |
| 2 | Ensign | 9.96 Bn | 9.63 Bn | 306.24 Mn | 1.32 Bn |
| 3 | Pacs | 6.96 Bn | 6.79 Bn | 338.46 Mn | 1.32 Bn |
| 4 | Chemed | 6.81 Bn | 6.77 Bn | 221.47 Mn | 584.05 Mn |
| 5 | Option Care Health | 3.62 Bn | 3.42 Bn | 267.25 Mn | 182.11 Mn |
| 6 | National Healthcare | 3.57 Bn | 3.36 Bn | 313.55 Mn | 359.09 Mn |
| 7 | Aveanna Healthcare Holdings | 3.04 Bn | 2.94 Bn | 218.53 Mn | 131.16 Mn |
| 8 | Brookdale Senior Living | 2.90 Bn | 2.50 Bn | 709.22 Mn | 503.46 Mn |
| 9 | Addus HomeCare | 2.18 Bn | 2.08 Bn | 121.56 Mn | 82.62 Mn |
| 10 | AdaptHealth | 776.56 Mn | 733.28 Mn | 104.21 Mn | 884.38 Mn |
Historic Data
Download Data
Historic 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 | 623.63 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 |