Centene (CNC) Operating Expenses (2009 - 2026)
Centene (CNC) recorded quarterly Operating Expenses of $48.1 billion in Q1 2026, down 6.58% quarter-over-quarter from $51.5 billion in Q4 2025, and up 6.65% on a YoY basis from $45.1 billion in Q1 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.
- In Q1 2026, Operating Expenses rose 6.65% year-over-year to $48.1 billion; the TTM figure through Mar 2026 stood at $205.4 billion (up 23.97% YoY), while the FY2025 annual figure was $202.4 billion, up 26.58% from the prior year.
- Operating Expenses was $48.1 billion for Q1 2026 at Centene, down from $51.5 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $56.6 billion in Q3 2025 to a low of $35.4 billion in Q3 2022.
- Historically, Operating Expenses has averaged $41.5 billion across 5 years, with a median of $39.3 billion in 2024.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses advanced 1.03% in 2023, then surged 36.96% in 2025.
- A 5-year view of Operating Expenses shows it 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.
- The last three Operating Expenses figures came in at $48.1 billion (Q1 2026), $51.5 billion (Q4 2025), and $56.6 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 | 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 |