Cigna (CI) Operating Expenses (2018 - 2026)
Cigna's (CI) quarterly Operating Expenses came in at $66.1 billion in Q1 2026, up 4.1% year-on-year from $63.5 billion in Q1 2025, and down 5.69% quarter-over-quarter from $70.1 billion in Q4 2025.
Cigna (CI) Operating Expenses (2018 - 2026) Analysis & Trends
Cigna has disclosed Operating Expenses across 9 years of filings, most recently posting $66.1 billion for Q1 2026.
- Operating Expenses for Q1 2026 came in at $66.1 billion, up 4.1% year-over-year; the trailing twelve-month figure through Mar 2026 was $268.3 billion (up 8.96% YoY), and the FY2025 annual result was $265.7 billion, up 11.78% from the prior year.
- Operating Expenses came in at $66.1 billion for Q1 2026 at Cigna, down from $70.1 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $70.1 billion in Q4 2025 to a low of $41.8 billion in Q1 2022.
- The 5-year median for Operating Expenses is $55.0 billion (2024), against an average of $54.6 billion.
- Across the five-year window, Operating Expenses dropped 0.3% in 2022 and surged 30.57% in 2024, its largest moves.
- Cigna's Operating Expenses stood at $44.0 billion in 2022, then rose by 11.48% to $49.1 billion in 2023, then increased by 29.4% to $63.5 billion in 2024, then advanced by 10.48% to $70.1 billion in 2025, then slipped by 5.69% to $66.1 billion in 2026.
- The last three Operating Expenses figures came in at $66.1 billion (Q1 2026), $70.1 billion (Q4 2025), and $67.2 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 102.73 Bn |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 95.75 Bn |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 47.88 Bn |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 66.14 Bn |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 37.89 Bn |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 48.08 Bn |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 10.71 Bn |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | 3.94 Bn |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 1.22 Bn |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 721.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 66.14 Bn |
| Dec 31, 2025 | 70.13 Bn |
| Sep 30, 2025 | 67.17 Bn |
| Jun 30, 2025 | 64.87 Bn |
| Mar 31, 2025 | 63.53 Bn |
| Dec 31, 2024 | 63.48 Bn |
| Sep 30, 2024 | 61.12 Bn |
| Jun 30, 2024 | 58.11 Bn |
| Mar 31, 2024 | 55.00 Bn |
| Dec 31, 2023 | 49.05 Bn |
| Sep 30, 2023 | 46.81 Bn |
| Jun 30, 2023 | 46.37 Bn |
| Mar 31, 2023 | 44.50 Bn |
| Dec 31, 2022 | 44.00 Bn |
| Sep 30, 2022 | 43.14 Bn |
| Jun 30, 2022 | 43.11 Bn |
| Mar 31, 2022 | 41.82 Bn |
| Dec 31, 2021 | 44.14 Bn |
| Sep 30, 2021 | 41.99 Bn |
| Jun 30, 2021 | 40.98 Bn |