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
DateValue
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