Humana (HUM) Operating Expenses (2009 - 2026)
Humana's (HUM) quarterly Operating Expenses came in at $37.9 billion in Q1 2026, up 25.9% year-on-year from $30.1 billion in Q1 2025, and up 13.72% on a QoQ basis from $33.3 billion in Q4 2025.
Humana (HUM) Operating Expenses (2009 - 2026) Analysis & Trends
Humana (HUM) has 18 years of Operating Expenses data on file, last reported at $37.9 billion in Q1 2026.
- On a quarterly basis, Operating Expenses rose 25.9% year-over-year to $37.9 billion in Q1 2026; TTM through Mar 2026 was $134.8 billion, a 15.25% increase from a year earlier, with the FY2025 full-year figure at $127.0 billion, up 10.21% from the prior year.
- Operating Expenses for Q1 2026 stood at $37.9 billion, up from $33.3 billion in the prior quarter.
- Over the last five years, Operating Expenses for HUM reached as high as $37.9 billion in Q1 2026 and fell as low as $652.0 million in Q4 2022.
- Historically, Operating Expenses has averaged $26.5 billion across 5 years, with a median of $28.4 billion in 2024.
- Across the five-year window, Operating Expenses tumbled 96.89% in 2022 and surged 4011.96% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $652.0 million in 2022, then jumped by 4011.96% to $26.8 billion in 2023, then advanced by 10.99% to $29.8 billion in 2024, then gained by 11.99% to $33.3 billion in 2025, then advanced by 13.72% to $37.9 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $37.9 billion in Q1 2026, $33.3 billion in Q4 2025, and $32.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 384.70 Bn | 354.90 Bn | 38.23 Bn | 102.73 Bn |
| 2 | Cvs Health | 136.05 Bn | 124.42 Bn | 22.85 Bn | 95.75 Bn |
| 3 | Elevance Health | 82.25 Bn | 46.44 Bn | 35.79 Bn | 48.54 Bn |
| 4 | Cigna | 75.16 Bn | 67.54 Bn | -44.29 Bn | 66.14 Bn |
| 5 | Humana | 47.47 Bn | 25.57 Bn | 5.94 Bn | 37.89 Bn |
| 6 | Centene | 31.35 Bn | 7.64 Bn | 43.95 Bn | 48.08 Bn |
| 7 | Molina Healthcare | 10.44 Bn | 1.19 Bn | 1.43 Bn | 10.73 Bn |
| 8 | Oscar Health | 8.62 Bn | 1.83 Bn | 1.42 Bn | 3.94 Bn |
| 9 | Alignment Healthcare | 4.13 Bn | 3.41 Bn | 144.48 Mn | 1.22 Bn |
| 10 | Progyny | 2.48 Bn | 2.26 Bn | 83.07 Mn | 47.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.89 Bn |
| Dec 31, 2025 | 33.32 Bn |
| Sep 30, 2025 | 32.25 Bn |
| Jun 30, 2025 | 31.29 Bn |
| Mar 31, 2025 | 30.10 Bn |
| Dec 31, 2024 | 29.76 Bn |
| Sep 30, 2024 | 28.67 Bn |
| Jun 30, 2024 | 28.40 Bn |
| Mar 31, 2024 | 28.38 Bn |
| Dec 31, 2023 | 26.81 Bn |
| Sep 30, 2023 | 25.22 Bn |
| Jun 30, 2023 | 25.31 Bn |
| Mar 31, 2023 | 25.02 Bn |
| Dec 31, 2022 | 652.00 Mn |
| Sep 30, 2022 | 21.63 Bn |
| Jun 30, 2022 | 22.45 Bn |
| Mar 31, 2022 | 22.68 Bn |
| Dec 31, 2021 | 20.99 Bn |
| Sep 30, 2021 | 20.07 Bn |
| Jun 30, 2021 | 19.41 Bn |