Centene (CNC) Operating Expenses (2009 - 2026)
Centene (CNC) reported Operating Expenses of $52.38 billion for Q2 2026, up 6.5% from $49.2 billion a year earlier and up 8.9% from the prior quarter.
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Analysis
Centene (CNC) Operating Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Centene's Operating Expenses came in at $208.58 billion, up 18.3% year-over-year; for FY2025, it was $202.4 billion, up 26.6% from FY2024.
- Operating Expenses has increased for 16 consecutive years, with a five-year compound annual growth rate of 13.4% (FY2020 to FY2025).
- By year, Operating Expenses came in at $159.9 billion in FY2024 (+5.8%), $151.07 billion in FY2023 (+5.5%), $143.23 billion in FY2022 (+15.3%) and $124.2 billion in FY2021 (+15.0%).
- Five-year quarterly Operating Expenses spans a low of $31.86 billion in Q3 2021 and a high of $56.64 billion in Q3 2025.
- Year over year, Operating Expenses has now increased in each of the last 61 quarters, with growth averaging 16.5% over the last eight quarters.
- Over the past five years, the year-over-year growth in Operating Expenses ranged from 1.0% (Q2 2023) to 37.0% (Q3 2025).
- Per Business Quant data, the three quarters before Q2 2026 came in at $48.08 billion (Q1 2026), $51.47 billion (Q4 2025) and $56.64 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 341.92 Bn | 226.55 Bn | 36.67 Bn | 104.04 Bn |
| 2 | Cvs Health | 112.26 Bn | 64.87 Bn | 47.23 Bn | 101.39 Bn |
| 3 | Mckesson | 99.84 Bn | 86.30 Bn | 3.69 Bn | 2.37 Bn |
| 4 | Elevance Health | 85.53 Bn | -56.21 Bn | 13.45 Bn | 48.54 Bn |
| 5 | Cigna | 71.85 Bn | 41.39 Bn | 14.97 Bn | 68.99 Bn |
| 6 | Cencora | 57.95 Bn | 47.04 Bn | 3.61 Bn | 2.28 Bn |
| 7 | Cardinal Health | 51.09 Bn | 35.09 Bn | 2.56 Bn | 1.67 Bn |
| 8 | Humana | 46.78 Bn | -41.02 Bn | 5.50 Bn | 39.51 Bn |
| 9 | Centene | 30.87 Bn | -59.41 Bn | 14.55 Bn | 52.38 Bn |
| 10 | Molina Healthcare | 9.86 Bn | -25.01 Bn | 1.43 Bn | 10.73 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 52.38 Bn |
| Mar 31, 2026 | 48.08 Bn |
| Dec 31, 2025 | 51.47 Bn |
| Sep 30, 2025 | 56.64 Bn |
| Jun 30, 2025 | 49.20 Bn |
| Mar 31, 2025 | 45.09 Bn |
| Dec 31, 2024 | 40.63 Bn |
| Sep 30, 2024 | 41.36 Bn |
| Jun 30, 2024 | 38.61 Bn |
| Mar 31, 2024 | 39.30 Bn |
| Dec 31, 2023 | 39.65 Bn |
| Sep 30, 2023 | 37.31 Bn |
| Jun 30, 2023 | 36.44 Bn |
| Mar 31, 2023 | 37.67 Bn |
| Dec 31, 2022 | 35.84 Bn |
| Sep 30, 2022 | 35.39 Bn |
| Jun 30, 2022 | 36.07 Bn |
| Mar 31, 2022 | 35.93 Bn |
| Dec 31, 2021 | 31.97 Bn |
| Sep 30, 2021 | 31.86 Bn |
API Access
Centene 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=CNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CNC", "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=CNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();