Hims & Hers Health (HIMS) Operating Expenses (2019 - 2026)
Hims & Hers Health's Operating Expenses came in at $578 million for Q2 2026, up 48.4% from $389.47 million a year earlier and up 21.7% from the prior quarter.
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Analysis
Hims & Hers Health (HIMS) Operating Expenses (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Hims & Hers Health reported Operating Expenses of $1.92 billion, up 36.2% year-over-year; for FY2025, it was $1.63 billion, up 46.5% from FY2024.
- Operating Expenses has increased in each of the last six years, with a five-year compound annual growth rate of 67.2% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $1.11 billion in FY2024 (+49.3%), $744.4 million in FY2023 (+55.9%), $477.42 million in FY2022 (+49.4%) and $319.54 million in FY2021 (+156.5%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q2 2019.
- Year-over-year, Operating Expenses has increased for 22 consecutive quarters, with growth averaging 49.6% over the last eight quarters.
- Over the past five years, the year-over-year growth in Operating Expenses ranged from 3.4% (Q1 2022) to 138.5% (Q3 2021).
- Business Quant data shows HIMS's Operating Expenses at $475.11 million (Q1 2026), $435.25 million (Q4 2025) and $430.25 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.08 Bn | 93.52 Bn | - | 17.74 Bn |
| 2 | Natera | 59.53 Bn | 55.21 Bn | 485.19 Mn | 828.54 Mn |
| 3 | Quest Diagnostics | 25.60 Bn | 24.03 Bn | 1.03 Bn | 2.58 Bn |
| 4 | Labcorp Holdings | 24.98 Bn | 22.75 Bn | 1.11 Bn | 582.30 Mn |
| 5 | Guardant Health | 23.75 Bn | 19.81 Bn | 219.03 Mn | 464.10 Mn |
| 6 | Tenet Healthcare | 20.75 Bn | 11.90 Bn | - | - |
| 7 | Tempus AI | 14.47 Bn | 11.50 Bn | 246.50 Mn | 458.40 Mn |
| 8 | Encompass Health | 12.19 Bn | 12.65 Bn | - | 1.31 Bn |
| 9 | Davita | 11.20 Bn | 9.97 Bn | 1.16 Bn | 2.98 Bn |
| 10 | Hims & Hers Health | 6.70 Bn | 3.90 Bn | 480.80 Mn | 578.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 578.00 Mn |
| Mar 31, 2026 | 475.11 Mn |
| Dec 31, 2025 | 435.25 Mn |
| Sep 30, 2025 | 430.25 Mn |
| Jun 30, 2025 | 389.47 Mn |
| Mar 31, 2025 | 372.79 Mn |
| Dec 31, 2024 | 350.95 Mn |
| Sep 30, 2024 | 295.51 Mn |
| Jun 30, 2024 | 245.58 Mn |
| Mar 31, 2024 | 219.19 Mn |
| Dec 31, 2023 | 204.46 Mn |
| Sep 30, 2023 | 195.86 Mn |
| Jun 30, 2023 | 179.39 Mn |
| Mar 31, 2023 | 164.69 Mn |
| Dec 31, 2022 | 143.94 Mn |
| Sep 30, 2022 | 134.44 Mn |
| Jun 30, 2022 | 107.37 Mn |
| Mar 31, 2022 | 91.68 Mn |
| Dec 31, 2021 | 83.66 Mn |
| Sep 30, 2021 | 82.53 Mn |
API Access
Hims & Hers Health Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=HIMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "HIMS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=HIMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();