Humana (HUM) Operating Expenses (2009 - 2026)
Humana (HUM) recorded quarterly Operating Expenses of $37.9 billion in Q1 2026, up 13.72% quarter-over-quarter from $33.3 billion in Q4 2025, and up 25.9% on a YoY basis from $30.1 billion in Q1 2025.
Humana (HUM) Operating Expenses (2009 - 2026) Analysis & Trends
Humana's Operating Expenses history runs 18 years deep, the most recent figure standing at $37.9 billion for Q1 2026.
- In Q1 2026, Operating Expenses rose 25.9% year-over-year to $37.9 billion; the TTM figure through Mar 2026 stood at $134.8 billion (up 15.25% YoY), while the FY2025 annual figure was $127.0 billion, up 10.21% from the prior year.
- Operating Expenses was $37.9 billion for Q1 2026 at Humana, up from $33.3 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $37.9 billion in Q1 2026 to a low of $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.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses slumped 96.89% in 2022, then surged 4011.96% in 2023.
- A 5-year view of Operating Expenses shows it stood at $652.0 million in 2022, then soared by 4011.96% to $26.8 billion in 2023, then gained by 10.99% to $29.8 billion in 2024, then rose by 11.99% to $33.3 billion in 2025, then gained by 13.72% to $37.9 billion in 2026.
- The last three Operating Expenses figures came in at $37.9 billion (Q1 2026), $33.3 billion (Q4 2025), and $32.2 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 102.73 Bn |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 95.75 Bn |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 47.88 Bn |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 66.14 Bn |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 37.89 Bn |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 48.08 Bn |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 10.71 Bn |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | 3.94 Bn |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 1.22 Bn |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 721.86 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 |