Humana (HUM) Operating Expenses (2009 - 2026)
Humana's (HUM) quarterly Operating Expenses came in at $39.5 billion in Q2 2026, up 26.26% year-over-year from $31.3 billion in Q2 2025, and up 4.26% quarter-over-quarter from $37.9 billion in Q1 2026.
Analysis
Humana (HUM) Operating Expenses (2009 - 2026) Analysis & Trends
Humana (HUM) has reported Operating Expenses for 18 consecutive years, with $39.5 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 26.26% year-over-year to $39.5 billion in Q2 2026; TTM through Jun 2026 was $143.0 billion, a 19.33% increase from a year earlier, with the FY2025 full-year figure at $127.0 billion, up 10.21% from the prior year.
- Operating Expenses was $39.5 billion for Q2 2026 at Humana, up from $37.9 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $39.5 billion in Q2 2026 and troughed at $652.0 million in Q4 2022.
- A 5-year average of $27.2 billion and a median of $28.4 billion in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses slumped 96.89% in 2022 and soared 4011.96% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $652.0 million in 2022, then soared by 4011.96% to $26.8 billion in 2023, then grew by 10.99% to $29.8 billion in 2024, then climbed by 11.99% to $33.3 billion in 2025, then climbed by 18.56% to $39.5 billion in 2026.
- The last three Operating Expenses figures came in at $39.5 billion (Q2 2026), $37.9 billion (Q1 2026), and $33.3 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 354.24 Bn | 322.77 Bn | 36.67 Bn | 104.04 Bn |
| 2 | Cvs Health | 122.38 Bn | 108.42 Bn | 47.23 Bn | 101.39 Bn |
| 3 | Elevance Health | 86.47 Bn | 50.52 Bn | 13.45 Bn | 48.54 Bn |
| 4 | Cigna | 73.02 Bn | 65.76 Bn | 14.97 Bn | 68.99 Bn |
| 5 | Humana | 48.22 Bn | 24.35 Bn | 5.50 Bn | 39.51 Bn |
| 6 | Centene | 31.79 Bn | 4.73 Bn | 14.55 Bn | 52.38 Bn |
| 7 | Molina Healthcare | 9.95 Bn | 1.03 Bn | 1.43 Bn | 10.73 Bn |
| 8 | Oscar Health | 9.53 Bn | 976.50 Mn | 1.09 Bn | 4.49 Bn |
| 9 | Corvel | 3.41 Bn | 3.06 Bn | - | - |
| 10 | Alignment Healthcare | 2.70 Bn | 2.00 Bn | 180.96 Mn | 1.29 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.51 Bn |
| 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 |