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| 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 |