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