Select Medical Holdings (SEM) Operating Expenses (2018 - 2026)
Select Medical Holdings (SEM) reported Operating Expenses of $1.3 billion for Q1 2026, up 6.66% year-over-year from $1.2 billion in Q1 2025, and down 0.72% on a QoQ basis from $1.3 billion in Q4 2025.
Select Medical Holdings (SEM) has 9 years of Operating Expenses data on file, last reported at $1.3 billion in Q1 2026.
- Quarterly Operating Expenses rose 6.66% year-over-year to $1.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $5.2 billion (up 4.9% YoY) and the FY2025 annual result came in at $5.1 billion, up 3.98% from the prior year.
- Operating Expenses slipped to $1.3 billion in Q1 2026 per SEM's latest filing, from $1.3 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.5 billion in Q3 2023 and bottomed at -$5.5 million in Q4 2023.
- The 5-year median for Operating Expenses is $1.3 billion (2024), against an average of $1.2 billion.
- The widest annual swing landed in 2023, when Operating Expenses sank 116.46%; it then surged 23417.91% in 2024.
- Tracing SEM's Operating Expenses over 5 years: stood at $33.7 million in 2022, then slumped by 116.46% to -$5.5 million in 2023, then surged by 23417.91% to $1.3 billion in 2024, then increased by 3.18% to $1.3 billion in 2025, then retreated by 0.72% to $1.3 billion in 2026.
- Per Business Quant, the three latest SEM Operating Expenses figures stand at $1.3 billion (Q1 2026), $1.3 billion (Q4 2025), and $1.3 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 16.82 Bn |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 27.00 Mn |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 2.93 Bn |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 1.29 Bn |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 1.26 Bn |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 3.99 Bn |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 820.65 Mn |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 572.94 Mn |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 1.30 Bn |
| 10 | Select Medical Holdings | 1.99 Bn | 1.99 Bn | 175.47 Mn | 1.32 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.32 Bn |
| Dec 31, 2025 | 1.33 Bn |
| Sep 30, 2025 | 1.29 Bn |
| Jun 30, 2025 | 1.25 Bn |
| Mar 31, 2025 | 1.24 Bn |
| Dec 31, 2024 | 1.29 Bn |
| Sep 30, 2024 | 1.22 Bn |
| Jun 30, 2024 | 1.21 Bn |
| Mar 31, 2024 | 1.20 Bn |
| Dec 31, 2023 | -5.54 Mn |
| Sep 30, 2023 | 1.54 Bn |
| Jun 30, 2023 | 1.52 Bn |
| Mar 31, 2023 | 1.51 Bn |
| Dec 31, 2022 | 33.65 Mn |
| Sep 30, 2022 | 1.48 Bn |
| Jun 30, 2022 | 1.48 Bn |
| Mar 31, 2022 | 1.50 Bn |
| Dec 31, 2021 | 1.49 Bn |
| Sep 30, 2021 | 1.39 Bn |
| Jun 30, 2021 | 1.38 Bn |
| Mar 31, 2021 | 1.38 Bn |
| Dec 31, 2020 | 1.33 Bn |
| Sep 30, 2020 | 1.27 Bn |
| Jun 30, 2020 | 1.17 Bn |
| Mar 31, 2020 | 1.29 Bn |
| Dec 31, 2019 | 1.26 Bn |
| Sep 30, 2019 | 1.27 Bn |
| Jun 30, 2019 | 1.24 Bn |
| Mar 31, 2019 | 1.21 Bn |
| Dec 31, 2018 | 1.18 Bn |
| Sep 30, 2018 | 1.17 Bn |