HCA Healthcare (HCA) Operating Expenses (2017 - 2026)
HCA Healthcare (HCA) posted quarterly Operating Expenses of $17.7 billion for Q2 2026, up 9.55% year-over-year from $16.2 billion in Q2 2025, and up 5.43% quarter-over-quarter from $16.8 billion in Q1 2026.
HCA Healthcare (HCA) Operating Expenses (2017 - 2026) Analysis & Trends
HCA Healthcare (HCA) has reported Operating Expenses for 10 consecutive years, with $17.7 billion the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 9.55% year-over-year to $17.7 billion; the TTM figure through Jun 2026 stood at $68.1 billion (up 6.61% YoY), while the FY2025 annual figure was $65.8 billion, up 5.94% from the prior year.
- Operating Expenses climbed to $17.7 billion in Q2 2026 per HCA's latest filing, from $16.8 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $17.7 billion in Q2 2026 and bottomed at $12.2 billion in Q4 2022.
- Historically, Operating Expenses has averaged $15.1 billion across 5 years, with a median of $15.2 billion in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses dropped 2.27% — and 2023, when it grew 22.66%.
- HCA Healthcare's Operating Expenses stood at $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, then increased by 5.31% to $17.7 billion in 2026.
- Business Quant data shows HCA's Operating Expenses at $17.7 billion in Q2 2026, $16.8 billion in Q1 2026, and $16.8 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 89.17 Bn | 88.16 Bn | 15.19 Bn | 17.74 Bn |
| 2 | Tenet Healthcare | 22.30 Bn | 20.13 Bn | 4.45 Bn | 3.00 Mn |
| 3 | Encompass Health | 12.22 Bn | 12.08 Bn | 1.34 Bn | 1.31 Bn |
| 4 | Davita | 11.68 Bn | 10.99 Bn | 1.16 Bn | 2.98 Bn |
| 5 | Ensign | 10.53 Bn | 10.21 Bn | 306.24 Mn | 1.32 Bn |
| 6 | Universal Health Services | 10.14 Bn | 10.00 Bn | 3.29 Bn | 4.12 Bn |
| 7 | Pacs | 7.07 Bn | 6.91 Bn | 338.46 Mn | 1.32 Bn |
| 8 | Chemed | 7.04 Bn | 7.00 Bn | 221.47 Mn | 584.05 Mn |
| 9 | Fresenius Medical Care AG | 6.38 Bn | 4.69 Bn | 1.52 Bn | 901.58 Mn |
| 10 | Concentra Group Holdings Parent | 4.43 Bn | 4.28 Bn | 192.10 Mn | 490.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.74 Bn |
| Mar 31, 2026 | 16.82 Bn |
| Dec 31, 2025 | 16.84 Bn |
| Sep 30, 2025 | 16.74 Bn |
| Jun 30, 2025 | 16.19 Bn |
| Mar 31, 2025 | 15.99 Bn |
| Dec 31, 2024 | 16.15 Bn |
| Sep 30, 2024 | 15.58 Bn |
| Jun 30, 2024 | 15.26 Bn |
| Mar 31, 2024 | 15.09 Bn |
| Dec 31, 2023 | 14.96 Bn |
| Sep 30, 2023 | 14.58 Bn |
| Jun 30, 2023 | 14.05 Bn |
| Mar 31, 2023 | 13.67 Bn |
| Dec 31, 2022 | 12.20 Bn |
| Sep 30, 2022 | 13.27 Bn |
| Jun 30, 2022 | 13.06 Bn |
| Mar 31, 2022 | 13.13 Bn |
| Dec 31, 2021 | 12.48 Bn |
| Sep 30, 2021 | 12.12 Bn |