Manulife Financial (MFC) Operating Expenses (2009 - 2026)
Manulife Financial (MFC) posted Operating Expenses of -$199.1 million for Q1 2026, down 103.28% sequentially from $6.1 billion in Q4 2025, and up 3.5% YoY from -$192.3 million in Q1 2025.
Manulife Financial (MFC) Operating Expenses (2009 - 2026) Analysis & Trends
Manulife Financial has reported Operating Expenses for 18 years, with the latest figure at -$199.1 million in Q1 2026.
- Quarterly Operating Expenses rose 3.5% year-over-year to -$199.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $5.4 billion (up 2.49% YoY) and the FY2025 annual result came in at $3.5 billion, up 2.31% from the prior year.
- Operating Expenses eased to -$199.1 million in Q1 2026 per MFC's latest filing, from $6.1 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $6.1 billion in Q4 2025 and troughed at -$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.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses tumbled 175.69% in 2023, then jumped 2199.71% in 2024.
- Over 5 years, Operating Expenses stood at $402.2 million in 2022, then plunged by 170.67% to -$284.3 million in 2023, then surged by 2199.71% to $6.0 billion in 2024, then increased by 1.67% to $6.1 billion in 2025, then tumbled by 103.28% to -$199.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$199.1 million, $6.1 billion, and -$195.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Manulife Financial | 70.86 Bn | 50.95 Bn | - | -208.93 Mn |
| 2 | Metlife | 60.18 Bn | 32.86 Bn | 7.82 Bn | 18.12 Bn |
| 3 | Aflac | 58.60 Bn | -44.40 Bn | 2.27 Bn | 3.12 Bn |
| 4 | Prudential | 35.64 Bn | 27.32 Bn | - | -171.00 Mn |
| 5 | Unum | 13.88 Bn | 4.33 Bn | 1.38 Bn | 3.04 Bn |
| 6 | Primerica | 9.32 Bn | 8.68 Bn | 717.74 Mn | 606.85 Mn |
| 7 | Jackson Financial | 9.08 Bn | 3.09 Bn | - | 687.00 Mn |
| 8 | Lincoln National | 8.09 Bn | -3.59 Bn | 2.62 Bn | 2.90 Bn |
| 9 | Genworth Financial | 3.76 Bn | 1.78 Bn | 668.00 Mn | 1.79 Bn |
| 10 | Brighthouse Financial | 3.06 Bn | -5.00 Bn | 1.03 Bn | 487.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |