Humana (HUM) Operating Expenses (2009 - 2026)

Humana's (HUM) 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% on a QoQ basis from $33.3 billion in Q4 2025.

Humana (HUM) Operating Expenses (2009 - 2026) Analysis & Trends

Humana (HUM) has 18 years of Operating Expenses data on file, last reported at $37.9 billion in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 25.9% year-over-year to $37.9 billion in Q1 2026; TTM through Mar 2026 was $134.8 billion, a 15.25% increase from a year earlier, with the FY2025 full-year figure at $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.
  • Over the last five years, Operating Expenses for HUM reached as high as $37.9 billion in Q1 2026 and fell as low as $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.
  • Across the five-year window, Operating Expenses tumbled 96.89% in 2022 and surged 4011.96% in 2023, its largest moves.
  • Year by year, Operating Expenses 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.
  • Per Business Quant data, the three most recent Operating Expenses figures were $37.9 billion in Q1 2026, $33.3 billion in Q4 2025, and $32.2 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Unitedhealth 384.70 Bn 354.90 Bn 38.23 Bn 102.73 Bn
2 Cvs Health 136.05 Bn 124.42 Bn 22.85 Bn 95.75 Bn
3 Elevance Health 82.25 Bn 46.44 Bn 35.79 Bn 48.54 Bn
4 Cigna 75.16 Bn 67.54 Bn -44.29 Bn 66.14 Bn
5 Humana 47.47 Bn 25.57 Bn 5.94 Bn 37.89 Bn
6 Centene 31.35 Bn 7.64 Bn 43.95 Bn 48.08 Bn
7 Molina Healthcare 10.44 Bn 1.19 Bn 1.43 Bn 10.73 Bn
8 Oscar Health 8.62 Bn 1.83 Bn 1.42 Bn 3.94 Bn
9 Alignment Healthcare 4.13 Bn 3.41 Bn 144.48 Mn 1.22 Bn
10 Progyny 2.48 Bn 2.26 Bn 83.07 Mn 47.69 Mn

Historic Data

Download Data
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