Growth Metrics

Humana (HUM) Operating Expenses (2009 - 2026)

Humana's 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% quarter-over-quarter from $33.3 billion in Q4 2025.

Humana has reported Operating Expenses for 18 years, with the latest figure at $37.9 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 25.9% year-over-year to $37.9 billion; the trailing twelve-month figure through Mar 2026 stood at $134.8 billion (up 15.25% YoY), and the FY2025 full-year result was $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.
  • The five-year high for Operating Expenses was $37.9 billion in Q1 2026, with the low at $652.0 million in Q4 2022.
  • Average Operating Expenses over 5 years is $26.5 billion, with a median of $28.4 billion recorded in 2024.
  • Year-over-year, Operating Expenses slumped 96.89% in 2022 and jumped 4011.96% in 2023.
  • Tracing HUM's Operating Expenses over 5 years: 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.
  • 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 345.31 Bn 315.51 Bn 98.90 Bn 102.73 Bn
2 Cvs Health 115.41 Bn 103.79 Bn 4.43 Bn 95.75 Bn
3 Elevance Health 88.60 Bn 53.18 Bn 13.88 Bn 47.88 Bn
4 Cigna 72.05 Bn 64.43 Bn -44.29 Bn 66.14 Bn
5 Humana 39.05 Bn 17.15 Bn 4.00 Bn 37.89 Bn
6 Centene 30.50 Bn 6.84 Bn 49.24 Bn 48.08 Bn
7 Molina Healthcare 9.31 Bn 60.65 Mn 1.53 Bn 10.71 Bn
8 Oscar Health 6.86 Bn 63.05 Mn -3.22 Bn 3.94 Bn
9 Alignment Healthcare 2.69 Bn 1.96 Bn 135.85 Mn 1.22 Bn
10 Progyny 2.12 Bn 1.90 Bn 83.07 Mn 47.69 Mn

Historic Data

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DateValue
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
Mar 31, 2021 19.45 Bn
Dec 31, 2020 19.41 Bn
Sep 30, 2020 18.25 Bn
Jun 30, 2020 16.65 Bn
Mar 31, 2020 17.86 Bn
Dec 31, 2019 15.93 Bn
Sep 30, 2019 15.37 Bn
Jun 30, 2019 15.13 Bn
Mar 31, 2019 15.26 Bn
Dec 31, 2018 13.65 Bn
Sep 30, 2018 13.25 Bn
Jun 30, 2018 13.40 Bn
Mar 31, 2018 13.52 Bn
Dec 31, 2017 12.62 Bn
Sep 30, 2017 12.42 Bn
Jun 30, 2017 12.43 Bn
Mar 31, 2017 12.02 Bn
Dec 31, 2016 13.32 Bn
Sep 30, 2016 12.75 Bn
Jun 30, 2016 13.32 Bn
Mar 31, 2016 13.25 Bn
Dec 31, 2015 13.07 Bn
Sep 30, 2015 12.67 Bn
Jun 30, 2015 13.16 Bn
Mar 31, 2015 13.04 Bn
Dec 31, 2014 11.96 Bn
Sep 30, 2014 11.65 Bn
Jun 30, 2014 11.54 Bn
Mar 31, 2014 10.99 Bn
Dec 31, 2013 10.20 Bn
Sep 30, 2013 9.70 Bn
Jun 30, 2013 9.63 Bn
Mar 31, 2013 9.72 Bn
Dec 31, 2012 9.25 Bn
Sep 30, 2012 8.95 Bn
Jun 30, 2012 9.11 Bn
Mar 31, 2012 9.80 Bn
Dec 31, 2011 8.72 Bn
Sep 30, 2011 8.58 Bn
Jun 30, 2011 8.53 Bn
Mar 31, 2011 8.67 Bn
Dec 31, 2010 8.08 Bn
Sep 30, 2010 7.70 Bn
Jun 30, 2010 8.03 Bn
Mar 31, 2010 7.94 Bn
Dec 31, 2009 6.99 Bn
Sep 30, 2009 7.22 Bn
Jun 30, 2009 7.43 Bn
Mar 31, 2009 7.39 Bn