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| Date | Value |
|---|---|
| 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% |