SelectQuote (SLQT) Operating Expenses (2019 - 2026)

SelectQuote (SLQT) posted Operating Expenses of $395.0 million for Q1 2026, down 14.46% on a QoQ basis from $461.8 million in Q4 2025, and up 2.31% year-over-year from $386.1 million in Q1 2025.

SelectQuote (SLQT) Operating Expenses (2019 - 2026) Analysis & Trends

SelectQuote's Operating Expenses history runs 8 years deep, the most recent figure standing at $395.0 million for Q1 2026.

  • Quarterly Operating Expenses rose 2.31% year-over-year to $395.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.6 billion (up 12.41% YoY) and the FY2025 annual result came in at $1.5 billion, up 15.98% from the prior year.
  • Operating Expenses was $395.0 million for Q1 2026 at SelectQuote, down from $461.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $461.8 million in Q4 2025 and bottomed at $202.0 million in Q3 2022.
  • A 5-year average of $321.4 million and a median of $308.6 million in 2024 frame the typical range for Operating Expenses.
  • Peak annual rise in Operating Expenses reached 47.9% in 2022, while the deepest fall reached 27.65% in 2022.
  • SelectQuote's Operating Expenses stood at $266.2 million in 2022, then soared by 31.56% to $350.1 million in 2023, then advanced by 17.13% to $410.1 million in 2024, then gained by 12.6% to $461.8 million in 2025, then declined by 14.46% to $395.0 million in 2026.
  • Business Quant data shows SLQT's Operating Expenses at $395.0 million in Q1 2026, $461.8 million in Q4 2025, and $369.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Marsh & Mclennan Companies 84.27 Bn 72.32 Bn 6.04 Bn 5.51 Bn
2 Aon 75.99 Bn 74.60 Bn - 3.32 Bn
3 Arthur J. Gallagher 62.23 Bn 60.85 Bn - 643.00 Mn
4 Willis Towers Watson 27.24 Bn 25.46 Bn 1.98 Bn 1.96 Bn
5 Brown & Brown 23.60 Bn 22.62 Bn 1.61 Bn 1.37 Bn
6 Neptune Insurance Holdings 4.12 Bn 4.11 Bn 26.44 Mn 24.35 Mn
7 Accelerant Holdings 3.06 Bn 1.55 Bn 48.00 Mn 271.30 Mn
8 Corvel 3.03 Bn 2.68 Bn 54.92 Mn 22.68 Mn
9 Baldwin Insurance 2.43 Bn 2.87 Bn - 633.50 Mn
10 SelectQuote 132.62 Mn 97.41 Mn 259.64 Mn 395.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 395.00 Mn
Dec 31, 2025 461.79 Mn
Sep 30, 2025 369.56 Mn
Jun 30, 2025 357.63 Mn
Mar 31, 2025 386.10 Mn
Dec 31, 2024 410.13 Mn
Sep 30, 2024 304.24 Mn
Jun 30, 2024 308.60 Mn
Mar 31, 2024 343.34 Mn
Dec 31, 2023 350.14 Mn
Sep 30, 2023 255.15 Mn
Jun 30, 2023 257.44 Mn
Mar 31, 2023 265.67 Mn
Dec 31, 2022 266.16 Mn
Sep 30, 2022 202.00 Mn
Jun 30, 2022 258.07 Mn
Mar 31, 2022 272.01 Mn
Dec 31, 2021 367.89 Mn
Sep 30, 2021 212.09 Mn
Jun 30, 2021 174.49 Mn