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
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