Oscar Health (OSCR) Operating Expenses (2020 - 2026)
Oscar Health's Operating Expenses came in at $4.49 billion for Q2 2026, up 45.2% from $3.09 billion a year earlier and up 13.9% from the prior quarter.
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Analysis
Oscar Health (OSCR) Operating Expenses (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Oscar Health reported Operating Expenses of $14.69 billion, up 35.3% year-over-year; for FY2025, it was $12.1 billion, up 32.6% from FY2024.
- Operating Expenses has increased in each of the last six years, with a five-year compound annual growth rate of 69.5% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $9.12 billion in FY2024 (+49.6%), $6.1 billion in FY2023 (+33.9%), $4.55 billion in FY2022 (+91.1%) and $2.38 billion in FY2021 (+175.5%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q1 2020.
- Year-over-year, Operating Expenses has increased for 22 consecutive quarters, with growth averaging 43.6% over the last eight quarters.
- Over the past five years, the year-over-year growth in Operating Expenses ranged from 23.6% (Q4 2025) to 260.6% (Q3 2021).
- Business Quant data shows OSCR's Operating Expenses at $3.94 billion (Q1 2026), $3.14 billion (Q4 2025) and $3.12 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 378.93 Bn | 257.50 Bn | 36.67 Bn | 104.04 Bn |
| 2 | Mckesson | 122.09 Bn | 105.99 Bn | 3.69 Bn | 2.37 Bn |
| 3 | Cvs Health | 121.23 Bn | 73.64 Bn | 47.23 Bn | 101.39 Bn |
| 4 | Elevance Health | 95.42 Bn | -46.46 Bn | 13.45 Bn | 48.54 Bn |
| 5 | Cigna | 80.67 Bn | 49.92 Bn | 14.97 Bn | 68.99 Bn |
| 6 | Cencora | 66.34 Bn | 55.24 Bn | 3.61 Bn | 2.28 Bn |
| 7 | Cardinal Health | 60.55 Bn | 44.39 Bn | 2.56 Bn | 1.67 Bn |
| 8 | Humana | 51.50 Bn | -36.36 Bn | 5.50 Bn | 39.51 Bn |
| 9 | Centene | 34.97 Bn | -55.38 Bn | 14.55 Bn | 52.38 Bn |
| 10 | Oscar Health | 10.17 Bn | -12.21 Bn | 1.09 Bn | 4.49 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.49 Bn |
| Mar 31, 2026 | 3.94 Bn |
| Dec 31, 2025 | 3.14 Bn |
| Sep 30, 2025 | 3.12 Bn |
| Jun 30, 2025 | 3.09 Bn |
| Mar 31, 2025 | 2.75 Bn |
| Dec 31, 2024 | 2.54 Bn |
| Sep 30, 2024 | 2.47 Bn |
| Jun 30, 2024 | 2.15 Bn |
| Mar 31, 2024 | 1.96 Bn |
| Dec 31, 2023 | 1.58 Bn |
| Sep 30, 2023 | 1.50 Bn |
| Jun 30, 2023 | 1.53 Bn |
| Mar 31, 2023 | 1.50 Bn |
| Dec 31, 2022 | 1.22 Bn |
| Sep 30, 2022 | 1.17 Bn |
| Jun 30, 2022 | 1.12 Bn |
| Mar 31, 2022 | 1.04 Bn |
| Dec 31, 2021 | 692.32 Mn |
| Sep 30, 2021 | 655.66 Mn |
API Access
Oscar Health Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=OSCR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "OSCR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=OSCR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();