Humana (HUM) Operating Margin (2009 - 2026)

Humana's (HUM) quarterly Operating Margin came in at 4.42% in Q1 2026, down 185.0% year-on-year from 5.2% in Q1 2025, and up 278.02% on a QoQ basis from 2.49% in Q4 2025.

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

Humana (HUM) has 18 years of Operating Margin data on file, last reported at 4.42% in Q1 2026.

  • On a quarterly basis, Operating Margin fell 185.0% year-over-year to 4.42% in Q1 2026; TTM through Mar 2026 was 2.34%, a 1798.0% increase from a year earlier, with the FY2025 full-year figure at 2.09%, down 5573.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 4.42%, up from 2.49% in the prior quarter.
  • Over the last five years, Operating Margin for HUM reached as high as 172.07% in Q1 2023 and fell as low as 2.49% in Q4 2025.
  • Historically, Operating Margin has averaged 47.82% across 5 years, with a median of 6.27% in 2025.
  • Across the five-year window, Operating Margin sank 21464 bps in 2022 and soared 16669 bps in 2023, its largest moves.
  • Year by year, Operating Margin stood at 18.96% in 2022, then tumbled by 106 bps to 1.15% in 2023, then jumped by 156 bps to 0.65% in 2024, then slumped by 485 bps to 2.49% in 2025, then surged by 278 bps to 4.42% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 4.42% in Q1 2026, 2.49% in Q4 2025, and 1.3% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Unitedhealth 378.05 Bn 346.83 Bn 38.23 Bn 8.05%
2 Cvs Health 136.47 Bn 124.66 Bn 22.85 Bn 13.85%
3 Elevance Health 81.93 Bn 45.98 Bn 35.79 Bn 1.71%
4 Cigna 76.59 Bn 68.73 Bn -44.29 Bn 2.06%
5 Humana 45.95 Bn 23.98 Bn 5.94 Bn 4.42%
6 Centene 31.19 Bn 7.45 Bn 43.95 Bn 4.17%
7 Molina Healthcare 10.26 Bn 1.34 Bn 1.43 Bn 1.33%
8 Oscar Health 8.47 Bn 1.67 Bn 1.42 Bn 1.30%
9 Alignment Healthcare 3.84 Bn 3.11 Bn 144.48 Mn 1.26%
10 Progyny 2.56 Bn 2.34 Bn 83.07 Mn 10.77%

Historic Data

Download Data
DateValue
Mar 31, 2026 4.42%
Dec 31, 2025 -2.49%
Sep 30, 2025 1.30%
Jun 30, 2025 78.43%
Mar 31, 2025 6.27%
Dec 31, 2024 0.65%
Sep 30, 2024 66.00%
Jun 30, 2024 3.86%
Mar 31, 2024 116.38%
Dec 31, 2023 -1.15%
Sep 30, 2023 4.80%
Jun 30, 2023 146.83%
Mar 31, 2023 172.07%
Dec 31, 2022 18.96%
Sep 30, 2022 101.12%
Jun 30, 2022 90.07%
Mar 31, 2022 5.38%
Dec 31, 2021 233.60%
Sep 30, 2021 -3.91%
Jun 30, 2021 251.73%