Metlife (MET) Operating Expenses (2009 - 2026)

Metlife's (MET) quarterly Operating Expenses came in at $3.8 billion in Q1 2026, up 13.37% year-on-year from $3.4 billion in Q1 2025, and up 110.59% quarter-over-quarter from -$35.9 billion in Q4 2025.

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

Metlife's Operating Expenses history runs 18 years deep, the most recent figure standing at $3.8 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 13.37% year-over-year to $3.8 billion in Q1 2026; TTM through Mar 2026 was -$12.6 billion, a 146.52% decrease from a year earlier, with the FY2025 full-year figure at $13.9 billion, down 78.8% from the prior year.
  • Operating Expenses improved to $3.8 billion in Q1 2026 per MET's latest filing, from -$35.9 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $20.9 billion in Q3 2022 and bottomed at -$35.9 billion in Q4 2025.
  • The 5-year median for Operating Expenses is $13.5 billion (2022), against an average of $7.7 billion.
  • Across the five-year window, Operating Expenses jumped 452075.0% in 2023 and sank 307.5% in 2025, its largest moves.
  • Year by year, Operating Expenses 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 sank by 307.5% to -$35.9 billion in 2025, then surged by 110.59% to $3.8 billion in 2026.
  • Per Business Quant, the three latest MET Operating Expenses figures stand at $3.8 billion (Q1 2026), -$35.9 billion (Q4 2025), and $16.2 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Prudential 75.05 Bn 67.97 Bn - -171.00 Mn
2 Aflac 63.80 Bn 58.14 Bn 2.51 Bn 3.12 Bn
3 Metlife 60.34 Bn 44.39 Bn 256.00 Mn 3.80 Bn
4 Manulife Financial 52.65 Bn 53.78 Bn - -199.07 Mn
5 Unum 14.19 Bn 4.23 Bn 1.40 Bn 3.05 Bn
6 Primerica 9.76 Bn 9.08 Bn 770.81 Mn 623.28 Mn
7 Jackson Financial 8.17 Bn 3.03 Bn - 3.30 Bn
8 Lincoln National 7.81 Bn -1.09 Bn 3.25 Bn 5.55 Bn
9 F&G Annuities & Life 3.87 Bn 1.67 Bn 1.15 Bn -
10 Genworth Financial 3.84 Bn 2.75 Bn 553.00 Mn 1.67 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 3.80 Bn
Dec 31, 2025 -35.87 Bn
Sep 30, 2025 16.15 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 3.18 Bn
Mar 31, 2024 3.22 Bn
Dec 31, 2023 18.09 Bn
Sep 30, 2023 15.33 Bn
Jun 30, 2023 16.19 Bn
Mar 31, 2023 15.13 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 3.28 Bn
Jun 30, 2021 2.88 Bn