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HCA Healthcare (HCA) Operating Expenses (2017 - 2025)

HCA Healthcare (HCA) has disclosed Operating Expenses for 9 consecutive years, with $16.8 billion as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 4.27% to $16.8 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $65.8 billion, a 5.94% increase, with the full-year FY2025 number at $65.8 billion, up 5.94% from a year prior.
  • Operating Expenses was $16.8 billion for Q4 2025 at HCA Healthcare, up from $16.7 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $16.8 billion in Q4 2025 to a low of $12.0 billion in Q1 2021.
  • A 5-year average of $14.3 billion and a median of $14.3 billion in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: grew 29.55% in 2021, then dropped 2.27% in 2022.
  • HCA Healthcare's Operating Expenses stood at $12.5 billion in 2021, then fell by 2.27% to $12.2 billion in 2022, then rose by 22.66% to $15.0 billion in 2023, then grew by 7.98% to $16.2 billion in 2024, then rose by 4.27% to $16.8 billion in 2025.
  • Per Business Quant, the three most recent readings for HCA's Operating Expenses are $16.8 billion (Q4 2025), $16.7 billion (Q3 2025), and $16.2 billion (Q2 2025).