Oscar Health OSCR
NYSE OSCR
$31.74 -1.27 (-3.85%)
As of: Sep 9, 2026 · 3:59 PM EDT

Oscar Health (OSCR) Operating Expenses (2020 - 2026)

Oscar Health's (OSCR) quarterly Operating Expenses came in at $4.5 billion in Q2 2026, up 45.15% on a YoY basis from $3.1 billion in Q2 2025, and up 13.91% quarter-over-quarter from $3.9 billion in Q1 2026.

Analysis

Oscar Health (OSCR) Operating Expenses (2020 - 2026) Analysis & Trends

Oscar Health (OSCR) has reported Operating Expenses for 7 consecutive years, with $4.5 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 45.15% year-over-year to $4.5 billion; the trailing twelve-month figure through Jun 2026 stood at $14.7 billion (up 35.31% YoY), and the FY2025 full-year result was $12.1 billion, up 32.65% from the prior year.
  • Operating Expenses advanced to $4.5 billion in Q2 2026 per OSCR's latest filing, from $3.9 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $4.5 billion in Q2 2026 and bottomed at $1.0 billion in Q1 2022.
  • Historically, Operating Expenses has averaged $2.2 billion across 5 years, with a median of $2.1 billion in 2024.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses surged 140.25% in 2022, then increased 23.57% in 2025.
  • Over 5 years, Operating Expenses stood at $1.2 billion in 2022, then advanced by 29.53% to $1.6 billion in 2023, then surged by 61.06% to $2.5 billion in 2024, then grew by 23.57% to $3.1 billion in 2025, then jumped by 43.09% to $4.5 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $4.5 billion, $3.9 billion, and $3.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Unitedhealth 354.24 Bn 322.77 Bn 36.67 Bn 104.04 Bn
2 Cvs Health 122.38 Bn 108.42 Bn 47.23 Bn 101.39 Bn
3 Elevance Health 86.47 Bn 50.52 Bn 13.45 Bn 48.54 Bn
4 Cigna 73.02 Bn 65.76 Bn 14.97 Bn 68.99 Bn
5 Humana 48.22 Bn 24.35 Bn 5.50 Bn 39.51 Bn
6 Centene 31.79 Bn 4.73 Bn 14.55 Bn 52.38 Bn
7 Molina Healthcare 9.95 Bn 1.03 Bn 1.43 Bn 10.73 Bn
8 Oscar Health 9.53 Bn 976.50 Mn 1.09 Bn 4.49 Bn
9 Corvel 3.41 Bn 3.06 Bn - -
10 Alignment Healthcare 2.70 Bn 2.00 Bn 180.96 Mn 1.29 Bn
Historic Data

Historic Data

Download Data
DateValue
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