Metlife (MET) Operating Expenses (2009 - 2026)
Metlife (MET) posted Operating Expenses of $18.1 billion for Q2 2026, up 3.14% on a QoQ basis from $17.6 billion in Q1 2026, and up 10.75% year-over-year from $16.4 billion in Q2 2025.
Analysis
Metlife (MET) Operating Expenses (2009 - 2026) Analysis & Trends
Metlife has reported Operating Expenses for 18 years, with the latest figure at $18.1 billion in Q2 2026.
- On a quarterly basis, Operating Expenses rose 10.75% year-over-year to $18.1 billion in Q2 2026; TTM through Jun 2026 was $74.5 billion, a 10.74% increase from a year earlier, with the FY2025 full-year figure at $72.4 billion, up 10.8% from the prior year.
- Operating Expenses was $18.1 billion for Q2 2026 at Metlife, up from $17.6 billion in the prior quarter.
- The five-year high for Operating Expenses was $22.7 billion in Q4 2025, with the low at $13.5 billion in Q1 2022.
- Average Operating Expenses over 5 years is $16.7 billion, with a median of $16.4 billion recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 135720.0% in 2022, then retreated 26.53% in 2023.
- Over 5 years, Operating Expenses stood at $13.6 billion in 2022, then jumped by 33.17% to $18.1 billion in 2023, then slipped by 4.43% to $17.3 billion in 2024, then jumped by 31.31% to $22.7 billion in 2025, then slipped by 20.17% to $18.1 billion in 2026.
- The last three Operating Expenses figures came in at $18.1 billion (Q2 2026), $17.6 billion (Q1 2026), and $22.7 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Metlife | 62.25 Bn | 35.23 Bn | 7.82 Bn | 18.12 Bn |
| 2 | Manulife Financial | 24.69 Bn | 25.90 Bn | - | -208.93 Mn |
| 3 | Equitable Holdings | 14.46 Bn | -2.83 Bn | 1.22 Bn | 2.15 Bn |
| 4 | Brookfield Wealth Solutions | 13.42 Bn | 979.75 Mn | 1.92 Bn | -558.00 Mn |
| 5 | Jackson Financial | 9.59 Bn | 4.12 Bn | - | 687.00 Mn |
| 6 | Corebridge Financial | 9.33 Bn | -296.30 Bn | 2.79 Bn | 3.86 Bn |
| 7 | Primerica | 9.13 Bn | 8.50 Bn | 717.74 Mn | 606.85 Mn |
| 8 | Lincoln National | 8.70 Bn | -2.98 Bn | 2.62 Bn | 2.90 Bn |
| 9 | Sun Life Financial | 8.56 Bn | 3.96 Bn | - | 1.71 Bn |
| 10 | Prudential Financial | 5.27 Bn | -24.00 Bn | 7.91 Bn | 14.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.12 Bn |
| Mar 31, 2026 | 17.57 Bn |
| Dec 31, 2025 | 22.70 Bn |
| Sep 30, 2025 | 16.15 Bn |
| Jun 30, 2025 | 16.36 Bn |
| Mar 31, 2025 | 17.22 Bn |
| Dec 31, 2024 | 17.29 Bn |
| Sep 30, 2024 | 16.45 Bn |
| Jun 30, 2024 | 16.62 Bn |
| Mar 31, 2024 | 15.01 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 | 13.58 Bn |
| 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 |