Humana (HUM) Operating Margin (2009 - 2026)
Humana's Operating Margin came in at 3.33% for Q2 2026, down 0.06 percentage points from 3.39% a year earlier and down 1.10 percentage points from the prior quarter.
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Analysis
Humana (HUM) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Humana reported Operating Margin of 1.86%, down 0.82 percentage points year-over-year; for FY2025, it was 2.09%, down 0.09 percentage points from FY2024.
- Operating Margin has declined in each of the last three years, with a five-year change of -4.38 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 2.18% in FY2024 (-1.60 pp), 3.77% in FY2023 (-0.32 pp), 4.09% in FY2022 (+0.30 pp) and 3.79% in FY2021 (-2.67 pp).
- The five-year range for quarterly Operating Margin is -2.49% (Q4 2025) to 6.43% (Q1 2023).
- Year-over-year, Operating Margin has declined for five consecutive quarters, with an average year-over-year change of -0.60 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2022 (a gain of 2.11 percentage points), and the weakest in Q3 2021 (a drop of 6.05 percentage points).
- Business Quant data shows HUM's Operating Margin at 4.42% (Q1 2026), -2.49% (Q4 2025) and 1.23% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 339.33 Bn | 223.96 Bn | 36.67 Bn | 7.13% |
| 2 | Cvs Health | 111.30 Bn | 63.91 Bn | 47.23 Bn | 4.43% |
| 3 | Mckesson | 100.82 Bn | 87.28 Bn | 3.69 Bn | 1.25% |
| 4 | Elevance Health | 85.16 Bn | -56.58 Bn | 13.45 Bn | -69.51% |
| 5 | Cigna | 72.72 Bn | 42.26 Bn | 14.97 Bn | 3.73% |
| 6 | Cencora | 58.70 Bn | 47.79 Bn | 3.61 Bn | 1.32% |
| 7 | Cardinal Health | 52.08 Bn | 36.08 Bn | 2.56 Bn | 1.14% |
| 8 | Humana | 46.46 Bn | -41.34 Bn | 5.50 Bn | 3.33% |
| 9 | Centene | 30.74 Bn | -59.55 Bn | 14.55 Bn | 2.24% |
| 10 | Molina Healthcare | 9.85 Bn | -25.02 Bn | 1.43 Bn | 1.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.33% |
| Mar 31, 2026 | 4.42% |
| Dec 31, 2025 | -2.49% |
| Sep 30, 2025 | 1.23% |
| Jun 30, 2025 | 3.39% |
| Mar 31, 2025 | 6.27% |
| Dec 31, 2024 | -1.86% |
| Sep 30, 2024 | 2.48% |
| Jun 30, 2024 | 3.86% |
| Mar 31, 2024 | 4.17% |
| Dec 31, 2023 | -1.32% |
| Sep 30, 2023 | 4.56% |
| Jun 30, 2023 | 5.37% |
| Mar 31, 2023 | 6.43% |
| Dec 31, 2022 | 0.55% |
| Sep 30, 2022 | 5.14% |
| Jun 30, 2022 | 5.13% |
| Mar 31, 2022 | 5.38% |
| Dec 31, 2021 | 0.29% |
| Sep 30, 2021 | 3.03% |
API Access
Humana Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=HUM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "HUM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=HUM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();