Centene (CNC) Operating Expenses (2009 - 2026)

Centene's (CNC) quarterly Operating Expenses came in at $48.1 billion in Q1 2026, up 6.65% year-on-year from $45.1 billion in Q1 2025, and down 6.58% quarter-over-quarter from $51.5 billion in Q4 2025.

Centene (CNC) Operating Expenses (2009 - 2026) Analysis & Trends

Centene's Operating Expenses history runs 18 years deep, the most recent figure standing at $48.1 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 6.65% year-over-year to $48.1 billion in Q1 2026; TTM through Mar 2026 was $205.4 billion, a 23.97% increase from a year earlier, with the FY2025 full-year figure at $202.4 billion, up 26.58% from the prior year.
  • Operating Expenses retreated to $48.1 billion in Q1 2026 per CNC's latest filing, from $51.5 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $56.6 billion in Q3 2025 and bottomed at $35.4 billion in Q3 2022.
  • The 5-year median for Operating Expenses is $39.3 billion (2024), against an average of $41.5 billion.
  • Across the five-year window, Operating Expenses grew 1.03% in 2023 and jumped 36.96% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $35.8 billion in 2022, then rose by 10.63% to $39.7 billion in 2023, then grew by 2.46% to $40.6 billion in 2024, then rose by 26.68% to $51.5 billion in 2025, then slipped by 6.58% to $48.1 billion in 2026.
  • Per Business Quant, the three latest CNC Operating Expenses figures stand at $48.1 billion (Q1 2026), $51.5 billion (Q4 2025), and $56.6 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Unitedhealth 384.70 Bn 354.90 Bn 38.23 Bn 102.73 Bn
2 Cvs Health 136.05 Bn 124.42 Bn 22.85 Bn 95.75 Bn
3 Elevance Health 82.25 Bn 46.44 Bn 35.79 Bn 48.54 Bn
4 Cigna 75.16 Bn 67.54 Bn -44.29 Bn 66.14 Bn
5 Humana 47.47 Bn 25.57 Bn 5.94 Bn 37.89 Bn
6 Centene 31.35 Bn 7.64 Bn 43.95 Bn 48.08 Bn
7 Molina Healthcare 10.44 Bn 1.19 Bn 1.43 Bn 10.73 Bn
8 Oscar Health 8.62 Bn 1.83 Bn 1.42 Bn 3.94 Bn
9 Alignment Healthcare 4.13 Bn 3.41 Bn 144.48 Mn 1.22 Bn
10 Progyny 2.48 Bn 2.26 Bn 83.07 Mn 47.69 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 31.44 Bn