Manulife Financial (MFC) Operating Expenses (2009 - 2026)

Manulife Financial (MFC) reported Operating Expenses of -$199.1 million for Q1 2026, up 3.5% on a YoY basis from -$192.3 million in Q1 2025, and down 103.28% sequentially from $6.1 billion in Q4 2025.

Manulife Financial (MFC) Operating Expenses (2009 - 2026) Analysis & Trends

Manulife Financial (MFC) has 18 years of Operating Expenses data on file, last reported at -$199.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 3.5% year-over-year to -$199.1 million; the trailing twelve-month figure through Mar 2026 stood at $5.4 billion (up 2.49% YoY), and the FY2025 full-year result was $3.5 billion, up 2.31% from the prior year.
  • Operating Expenses eased to -$199.1 million in Q1 2026, from $6.1 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $6.1 billion in Q4 2025 to a low of -$284.3 million in Q4 2023.
  • A 5-year average of $647.2 million and a median of -$199.1 million in 2026 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses sank 175.69% in 2023 and surged 2199.71% in 2024, its largest moves.
  • Tracing MFC's Operating Expenses over 5 years: stood at $402.2 million in 2022, then sank by 170.67% to -$284.3 million in 2023, then surged by 2199.71% to $6.0 billion in 2024, then advanced by 1.67% to $6.1 billion in 2025, then plunged by 103.28% to -$199.1 million in 2026.
  • Business Quant data shows MFC's Operating Expenses at -$199.1 million in Q1 2026, $6.1 billion in Q4 2025, and -$195.5 million in 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 -199.07 Mn
Dec 31, 2025 6.07 Bn
Sep 30, 2025 -195.46 Mn
Jun 30, 2025 -231.67 Mn
Mar 31, 2025 -206.29 Mn
Dec 31, 2024 5.97 Bn
Sep 30, 2024 -223.58 Mn
Jun 30, 2024 -228.85 Mn
Mar 31, 2024 -219.67 Mn
Dec 31, 2023 -284.27 Mn
Sep 30, 2023 -248.39 Mn
Jun 30, 2023 -198.02 Mn
Mar 31, 2023 -230.05 Mn
Dec 31, 2022 402.24 Mn
Sep 30, 2022 328.17 Mn
Jun 30, 2022 351.38 Mn
Mar 31, 2022 348.16 Mn
Dec 31, 2021 404.60 Mn
Sep 30, 2021 356.69 Mn
Jun 30, 2021 440.12 Mn