Humana (HUM) Gross Margin (2009 - 2026)
Humana's (HUM) quarterly Gross Margin came in at 13.45% in 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.
Analysis
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.
- On a quarterly basis, Gross Margin fell 144.0% year-over-year to 13.45% in Q2 2026; TTM through Jun 2026 was 13.65%, a 138.0% decrease from a year earlier, with the FY2025 full-year figure at 14.54%, up 2.0% from the prior year.
- Gross Margin was 13.45% for Q2 2026 at Humana, down from 14.98% in the prior quarter.
- Over five years, Gross Margin peaked at 19.36% in Q3 2022 and troughed at 2741.28% in Q4 2022.
- A 5-year average of 137.35% and a median of 15.07% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 275846 bps in 2022 and jumped 275519 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 2741.28% in 2022, then jumped by 101 bps to 13.91% in 2023, then fell by 6 bps to 13.12% in 2024, then decreased by 11 bps to 11.67% in 2025, then rose by 15 bps to 13.45% in 2026.
- The last three Gross Margin figures came in at 13.45% (Q2 2026), 14.98% (Q1 2026), and 11.67% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 352.42 Bn | 320.96 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 121.84 Bn | 107.88 Bn | 47.23 Bn | 44.52% |
| 3 | Elevance Health | 90.86 Bn | 54.91 Bn | 13.45 Bn | 26.65% |
| 4 | Cigna | 73.56 Bn | 66.30 Bn | 14.97 Bn | 20.88% |
| 5 | Humana | 48.30 Bn | 24.43 Bn | 5.50 Bn | 13.45% |
| 6 | Centene | 32.37 Bn | 5.31 Bn | 14.55 Bn | 27.16% |
| 7 | Molina Healthcare | 10.16 Bn | 1.24 Bn | 1.43 Bn | 13.19% |
| 8 | Oscar Health | 9.70 Bn | 1.15 Bn | 1.09 Bn | 22.25% |
| 9 | Corvel | 3.48 Bn | 3.13 Bn | - | - |
| 10 | Alignment Healthcare | 2.66 Bn | 1.95 Bn | 180.96 Mn | 13.55% |
Historic Data
Download Data
Historic 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% |