Humana (HUM) Gross Margin (2009 - 2026)
Humana (HUM) posted quarterly Gross Margin of 13.45% for Q2 2026, down 144.0% year-over-year from 30.57% in Q2 2025, and down 10.23% quarter-over-quarter from 14.98% in Q1 2026.
Humana (HUM) Gross Margin (2009 - 2026) Analysis & Trends
Humana (HUM) has reported Gross Margin for 18 consecutive years, with 13.45% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin fell 144.0% year-over-year to 13.45%; the TTM figure through Jun 2026 stood at 13.65% (down 138.0% YoY), while the FY2025 annual figure was 14.54%, up 2.0% from the prior year.
- Gross Margin retreated to 13.45% in Q2 2026 per HUM's latest filing, from 14.98% in the prior quarter.
- Across five years, Gross Margin topped out at 19.36% in Q3 2022 and bottomed at 2741.28% in Q4 2022.
- Historically, Gross Margin has averaged 137.35% across 5 years, with a median of 15.07% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 275846 bps — and 2023, when it surged 275519 bps.
- Humana's Gross Margin stood at 2741.28% in 2022, then soared by 101 bps to 13.91% in 2023, then decreased by 6 bps to 13.12% in 2024, then dropped by 11 bps to 11.67% in 2025, then advanced by 15 bps to 13.45% in 2026.
- Business Quant data shows HUM's Gross Margin at 13.45% in Q2 2026, 14.98% in Q1 2026, and 11.67% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 346.93 Bn | 315.46 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn | 44.52% |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn | 26.65% |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn | 13.45% |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn | 27.16% |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn | 13.19% |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn | 22.25% |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn | 13.55% |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn | 20.59% |
| 10 | Progyny | 2.03 Bn | 1.79 Bn | 89.30 Mn | 25.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.45% |
| Mar 31, 2026 | 14.98% |
| Dec 31, 2025 | 11.67% |
| Sep 30, 2025 | 14.27% |
| Jun 30, 2025 | 14.89% |
| Mar 31, 2025 | 17.37% |
| Dec 31, 2024 | 13.12% |
| Sep 30, 2024 | 14.55% |
| Jun 30, 2024 | 15.24% |
| Mar 31, 2024 | 15.15% |
| Dec 31, 2023 | 13.91% |
| Sep 30, 2023 | 17.70% |
| Jun 30, 2023 | 17.71% |
| Mar 31, 2023 | 18.26% |
| Dec 31, 2022 | -2,741.28% |
| Sep 30, 2022 | 19.36% |
| Jun 30, 2022 | 19.28% |
| Mar 31, 2022 | 18.13% |
| Dec 31, 2021 | 17.17% |
| Sep 30, 2021 | 16.34% |