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| Date | Value |
|---|---|
| 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 |