Humana (HUM) Operating Expenses (2009 - 2026)
Humana (HUM) posted quarterly Operating Expenses of $39.5 billion for 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.
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.
- In Q2 2026, Operating Expenses rose 26.26% year-over-year to $39.5 billion; the TTM figure through Jun 2026 stood at $143.0 billion (up 19.33% YoY), while the FY2025 annual figure was $127.0 billion, up 10.21% from the prior year.
- Operating Expenses grew to $39.5 billion in Q2 2026 per HUM's latest filing, from $37.9 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $39.5 billion in Q2 2026 and bottomed at $652.0 million in Q4 2022.
- Historically, Operating Expenses has averaged $27.2 billion across 5 years, with a median of $28.4 billion in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses sank 96.89% — and 2023, when it jumped 4011.96%.
- Humana's Operating Expenses stood at $652.0 million in 2022, then surged by 4011.96% to $26.8 billion in 2023, then rose by 10.99% to $29.8 billion in 2024, then increased by 11.99% to $33.3 billion in 2025, then increased by 18.56% to $39.5 billion in 2026.
- Business Quant data shows HUM's Operating Expenses at $39.5 billion in Q2 2026, $37.9 billion in Q1 2026, and $33.3 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 346.93 Bn | 315.46 Bn | 36.67 Bn | 104.04 Bn |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn | 101.39 Bn |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn | 48.54 Bn |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn | 39.51 Bn |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn | 52.38 Bn |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn | 10.73 Bn |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn | 4.49 Bn |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn | 1.29 Bn |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn | 715.17 Mn |
| 10 | Progyny | 2.03 Bn | 1.79 Bn | 89.30 Mn | 49.30 Mn |
Historic Data
Download 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 |