SelectQuote (SLQT) Operating Expenses (2019 - 2026)
SelectQuote (SLQT) reported Operating Expenses of $395.0 million for Q1 2026, up 2.31% on a YoY basis from $386.1 million in Q1 2025, and down 14.46% quarter-over-quarter from $461.8 million in Q4 2025.
SelectQuote (SLQT) Operating Expenses (2019 - 2026) Analysis & Trends
SelectQuote has reported Operating Expenses for 8 years, with the latest figure at $395.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 2.31% year-over-year to $395.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.6 billion (up 12.41% YoY), and the FY2025 full-year result was $1.5 billion, up 15.98% from the prior year.
- Operating Expenses for Q1 2026 stood at $395.0 million, down from $461.8 million in the prior quarter.
- The five-year high for Operating Expenses was $461.8 million in Q4 2025, with the low at $202.0 million in Q3 2022.
- Historically, Operating Expenses has averaged $321.4 million across 5 years, with a median of $308.6 million in 2024.
- The largest YoY upside for Operating Expenses was 47.9% in 2022 against a maximum downside of 27.65% in 2022.
- SelectQuote's Operating Expenses stood at $266.2 million in 2022, then jumped by 31.56% to $350.1 million in 2023, then rose by 17.13% to $410.1 million in 2024, then increased by 12.6% to $461.8 million in 2025, then slipped by 14.46% to $395.0 million in 2026.
- The last three Operating Expenses figures came in at $395.0 million (Q1 2026), $461.8 million (Q4 2025), and $369.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 5.84 Bn |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 3.32 Bn |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | 3.72 Bn |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 1.96 Bn |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 17.00 Mn |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | 24.35 Mn |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 22.68 Mn |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | 271.30 Mn |
| 10 | SelectQuote | 187.90 Mn | 152.69 Mn | 347.67 Mn | 395.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |