Ardent Health (ARDT) Operating Expenses (2023 - 2026)
Ardent Health (ARDT) reported Operating Expenses of $1.58 billion for Q2 2026, up 3.7% from $1.52 billion a year earlier and up 3.4% from the prior quarter.
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Analysis
Ardent Health (ARDT) Operating Expenses (2023 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Ardent Health's Operating Expenses came in at $6.2 billion, up 7.3% year-over-year; for FY2025, it came in at $6.04 billion, up 7.8% from FY2024.
- Operating Expenses has increased for three consecutive years, with a three-year compound annual growth rate of 7.8% (FY2022 to FY2025).
- By year, Operating Expenses came in at $5.6 billion in FY2024 (+6.6%), $5.26 billion in FY2023 (+9.1%) and $4.82 billion in FY2022.
- The Q2 2026 figure ranks as the highest quarterly Operating Expenses in data going back to Q2 2023.
- Year over year, Operating Expenses has now increased in each of the last nine quarters, with growth averaging 6.8% over the last eight quarters.
- Over the past five years, the year-over-year growth in Operating Expenses ranged from 2.9% (Q1 2025) to 13.4% (Q3 2025).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.53 billion (Q1 2026), $1.51 billion (Q4 2025) and $1.58 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 17.74 Bn |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 828.54 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 2.58 Bn |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 582.30 Mn |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 464.10 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | - |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 458.40 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 1.31 Bn |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 2.98 Bn |
| 10 | Ardent Health | 1.48 Bn | -774.73 Mn | - | 1.58 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.58 Bn |
| Mar 31, 2026 | 1.53 Bn |
| Dec 31, 2025 | 1.51 Bn |
| Sep 30, 2025 | 1.58 Bn |
| Jun 30, 2025 | 1.52 Bn |
| Mar 31, 2025 | 1.42 Bn |
| Dec 31, 2024 | 1.44 Bn |
| Sep 30, 2024 | 1.39 Bn |
| Jun 30, 2024 | 1.39 Bn |
| Mar 31, 2024 | 1.38 Bn |
| Dec 31, 2023 | 1.34 Bn |
| Sep 30, 2023 | 1.33 Bn |
| Jun 30, 2023 | 1.30 Bn |
API Access
Ardent 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=ARDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "ARDT", "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=ARDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();