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
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