Humana HUM
NYSE HUM
$400.25 -2.84 (-0.70%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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