HCA Healthcare (HCA) Operating Expenses (2017 - 2026)

HCA Healthcare (HCA) posted quarterly Operating Expenses of $16.8 billion for Q1 2026, up 5.18% YoY from $16.0 billion in Q1 2025, and little changed sequentially from $16.8 billion in Q4 2025.

HCA Healthcare (HCA) Operating Expenses (2017 - 2026) Analysis & Trends

HCA Healthcare has disclosed Operating Expenses across 10 years of filings, most recently posting $16.8 billion for Q1 2026.

  • In Q1 2026, Operating Expenses rose 5.18% year-over-year to $16.8 billion; the TTM figure through Mar 2026 stood at $66.6 billion (up 5.74% YoY), while the FY2025 annual figure was $65.8 billion, up 5.94% from the prior year.
  • Operating Expenses held at $16.8 billion in Q1 2026, from $16.8 billion in the prior quarter.
  • Over the last five years, Operating Expenses for HCA reached as high as $16.8 billion in Q4 2025 and fell as low as $12.2 billion in Q4 2022.
  • The 5-year median for Operating Expenses is $15.1 billion (2024), against an average of $14.9 billion.
  • Annual changes were most pronounced in 2022 — Operating Expenses dropped 2.27% — and 2023, when it grew 22.66%.
  • A 5-year view of Operating Expenses shows it stood at $12.2 billion in 2022, then increased by 22.66% to $15.0 billion in 2023, then climbed by 7.98% to $16.2 billion in 2024, then increased by 4.27% to $16.8 billion in 2025, then retreated by 0.11% to $16.8 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $16.8 billion, $16.8 billion, and $16.7 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 HCA Healthcare 87.94 Bn 90.32 Bn 16.26 Bn 16.82 Bn
2 Chemed 18.08 Bn 18.07 Bn 215.76 Mn 572.94 Mn
3 Tenet Healthcare 16.59 Bn 15.76 Bn 4.41 Bn 27.00 Mn
4 Davita 15.37 Bn 16.23 Bn 1.07 Bn 2.93 Bn
5 Encompass Health 10.07 Bn 10.70 Bn 1.34 Bn 1.29 Bn
6 Ensign 9.52 Bn 8.93 Bn 293.37 Mn 1.26 Bn
7 Universal Health Services 9.19 Bn 9.15 Bn 3.21 Bn 3.99 Bn
8 Pacs 6.96 Bn 6.72 Bn 345.96 Mn 1.30 Bn
9 Ww International 6.14 Bn 5.98 Bn -149.29 Mn -25.79 Mn
10 Brookdale Senior Living 3.76 Bn 3.50 Bn 727.83 Mn 511.47 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 12.32 Bn