Molina Healthcare (MOH) Operating Expenses (2010 - 2026)
Molina Healthcare (MOH) posted quarterly Operating Expenses of $10.7 billion for Q2 2026, down 2.94% year-on-year from $11.1 billion in Q2 2025, and little changed on a QoQ basis from $10.7 billion in Q1 2026.
Molina Healthcare (MOH) Operating Expenses (2010 - 2026) Analysis & Trends
Molina Healthcare (MOH) has reported Operating Expenses for 17 consecutive years, with $10.7 billion the latest figure, recorded in Q2 2026.
- Quarterly Operating Expenses fell 2.94% year-over-year to $10.7 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $44.3 billion (up 6.13% YoY) and the FY2025 annual result came in at $44.6 billion, up 14.64% from the prior year.
- Operating Expenses held at $10.7 billion in Q2 2026 per MOH's latest filing, from $10.7 billion in the prior quarter.
- Over the last five years, Operating Expenses for MOH reached as high as $22.7 billion in Q3 2022 and fell as low as $7.4 billion in Q1 2022.
- A 5-year average of $10.7 billion and a median of $10.1 billion in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 232.64% — and 2023, when it tumbled 63.9%.
- Year by year, Operating Expenses stood at $22.7 billion in 2022, then sank by 61.5% to $8.7 billion in 2023, then increased by 15.88% to $10.1 billion in 2024, then grew by 14.01% to $11.5 billion in 2025, then dropped by 7.0% to $10.7 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $10.7 billion, $10.7 billion, and $11.5 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 384.70 Bn | 354.90 Bn | 38.23 Bn | 102.73 Bn |
| 2 | Cvs Health | 136.05 Bn | 124.42 Bn | 22.85 Bn | 95.75 Bn |
| 3 | Elevance Health | 82.25 Bn | 46.44 Bn | 35.79 Bn | 48.54 Bn |
| 4 | Cigna | 75.16 Bn | 67.54 Bn | -44.29 Bn | 66.14 Bn |
| 5 | Humana | 47.47 Bn | 25.57 Bn | 5.94 Bn | 37.89 Bn |
| 6 | Centene | 31.35 Bn | 7.64 Bn | 43.95 Bn | 48.08 Bn |
| 7 | Molina Healthcare | 10.44 Bn | 1.19 Bn | 1.43 Bn | 10.73 Bn |
| 8 | Oscar Health | 8.62 Bn | 1.83 Bn | 1.42 Bn | 3.94 Bn |
| 9 | Alignment Healthcare | 4.13 Bn | 3.41 Bn | 144.48 Mn | 1.22 Bn |
| 10 | Progyny | 2.48 Bn | 2.26 Bn | 83.07 Mn | 47.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.73 Bn |
| Mar 31, 2026 | 10.71 Bn |
| Dec 31, 2025 | 11.54 Bn |
| Sep 30, 2025 | 11.34 Bn |
| Jun 30, 2025 | 11.05 Bn |
| Mar 31, 2025 | 10.71 Bn |
| Dec 31, 2024 | 10.12 Bn |
| Sep 30, 2024 | 9.87 Bn |
| Jun 30, 2024 | 9.45 Bn |
| Mar 31, 2024 | 9.51 Bn |
| Dec 31, 2023 | 8.73 Bn |
| Sep 30, 2023 | 8.19 Bn |
| Jun 30, 2023 | 7.88 Bn |
| Mar 31, 2023 | 7.69 Bn |
| Sep 30, 2022 | 22.68 Bn |
| Jun 30, 2022 | 15.09 Bn |
| Mar 31, 2022 | 7.40 Bn |
| Dec 31, 2021 | 7.22 Bn |
| Sep 30, 2021 | 6.82 Bn |
| Jun 30, 2021 | 6.53 Bn |