Molina Healthcare (MOH) Operating Expenses (2010 - 2026)
Molina Healthcare's (MOH) quarterly Operating Expenses came in at $10.7 billion in Q1 2026, little changed year-on-year from $10.7 billion in Q1 2025, and down 7.14% quarter-over-quarter from $11.5 billion in Q4 2025.
Molina Healthcare (MOH) Operating Expenses (2010 - 2026) Analysis & Trends
Molina Healthcare has disclosed Operating Expenses across 17 years of filings, most recently posting $10.7 billion for Q1 2026.
- Operating Expenses for Q1 2026 came in at $10.7 billion, changed 0.01% year-over-year; the trailing twelve-month figure through Mar 2026 was $44.6 billion (up 11.19% YoY), and the FY2025 annual result was $44.6 billion, up 14.64% from the prior year.
- Operating Expenses came in at $10.7 billion for Q1 2026 at Molina Healthcare, down from $11.5 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $11.5 billion in Q4 2025 to a low of $7.4 billion in Q1 2022.
- The 5-year median for Operating Expenses is $9.5 billion (2024), against an average of $9.3 billion.
- Across the five-year window, Operating Expenses climbed 23.54% in 2024 and dropped 0.01% in 2026, its largest moves.
- Molina Healthcare's Operating Expenses stood at $7.6 billion in 2022, then grew by 15.02% to $8.7 billion in 2023, then rose by 15.88% to $10.1 billion in 2024, then increased by 14.01% to $11.5 billion in 2025, then retreated by 7.14% to $10.7 billion in 2026.
- The last three Operating Expenses figures came in at $10.7 billion (Q1 2026), $11.5 billion (Q4 2025), and $11.3 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 102.73 Bn |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 95.75 Bn |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 47.88 Bn |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 66.14 Bn |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 37.89 Bn |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 48.08 Bn |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 10.71 Bn |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | 3.94 Bn |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 1.22 Bn |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 721.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 7.59 Bn |
| Jun 30, 2022 | 7.69 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 |
| Mar 31, 2021 | 6.19 Bn |