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
DateValue
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