Metlife (MET-PA) Operating Expenses (2009 - 2026)

Metlife (MET-PA) recorded quarterly Operating Expenses of $17.6 billion in Q1 2026, down 22.6% quarter-over-quarter from $22.7 billion in Q4 2025, and up 424.39% on a YoY basis from $3.4 billion in Q1 2025.

Metlife (MET-PA) Operating Expenses (2009 - 2026) Analysis & Trends

Metlife's Operating Expenses history runs 18 years deep, the most recent figure standing at $17.6 billion for Q1 2026.

  • In Q1 2026, Operating Expenses rose 424.39% year-over-year to $17.6 billion; the TTM figure through Mar 2026 stood at $47.1 billion (up 16.22% YoY), while the FY2025 annual figure was $72.4 billion, up 10.8% from the prior year.
  • Operating Expenses was $17.6 billion for Q1 2026 at Metlife, down from $22.7 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $22.7 billion in Q4 2025 to a low of $4.0 million in Q4 2022.
  • Historically, Operating Expenses has averaged $10.5 billion across 5 years, with a median of $13.5 billion in 2022.
  • Biggest YoY gain for Operating Expenses was 452075.0% in 2023; the steepest drop was 84.65% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $4.0 million in 2022, then soared by 452075.0% to $18.1 billion in 2023, then decreased by 4.43% to $17.3 billion in 2024, then soared by 31.31% to $22.7 billion in 2025, then declined by 22.6% to $17.6 billion in 2026.
  • The last three Operating Expenses figures came in at $17.6 billion (Q1 2026), $22.7 billion (Q4 2025), and $3.5 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Manulife Financial 568.62 Bn 568.62 Bn - -199.07 Mn
2 Aflac 59.20 Bn 53.55 Bn 1.48 Bn 3.12 Bn
3 Metlife 55.45 Bn 39.51 Bn 256.00 Mn 17.57 Bn
4 Unum 14.44 Bn 4.48 Bn 1.40 Bn 3.05 Bn
5 Globe Life 12.48 Bn 11.80 Bn 1.45 Bn 1.23 Bn
6 Primerica 8.62 Bn 8.62 Bn 770.81 Mn 2.04 Mn
7 Jackson Financial 7.51 Bn 1.67 Bn - 735.00 Mn
8 Lincoln National 6.79 Bn -8.89 Bn 3.25 Bn 5.55 Bn
9 CNO Financial 4.58 Bn 4.24 Bn 754.30 Mn 981.20 Mn
10 Metlife - - 256.00 Mn 17.57 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 17.57 Bn
Dec 31, 2025 22.70 Bn
Sep 30, 2025 3.51 Bn
Jun 30, 2025 3.32 Bn
Mar 31, 2025 3.35 Bn
Dec 31, 2024 17.29 Bn
Sep 30, 2024 3.26 Bn
Jun 30, 2024 16.62 Bn
Mar 31, 2024 15.01 Bn
Dec 31, 2023 18.09 Bn
Sep 30, 2023 3.20 Bn
Jun 30, 2023 3.13 Bn
Mar 31, 2023 3.06 Bn
Dec 31, 2022 4.00 Mn
Sep 30, 2022 20.87 Bn
Jun 30, 2022 14.49 Bn
Mar 31, 2022 13.47 Bn
Dec 31, 2021 10.00 Mn
Sep 30, 2021 14.86 Bn
Jun 30, 2021 14.04 Bn