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| 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 |