Universal Health Services (UHS) Operating Expenses (2009 - 2026)
Universal Health Services' (UHS) quarterly Operating Expenses came in at $4.0 billion in Q1 2026, up 9.53% YoY from $3.6 billion in Q1 2025, and up 0.59% on a QoQ basis from $4.0 billion in Q4 2025.
Universal Health Services (UHS) Operating Expenses (2009 - 2026) Analysis & Trends
Universal Health Services (UHS) has 18 years of Operating Expenses data on file, last reported at $4.0 billion in Q1 2026.
- Quarterly Operating Expenses rose 9.53% year-over-year to $4.0 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $15.7 billion (up 9.64% YoY) and the FY2025 annual result came in at $15.4 billion, up 8.66% from the prior year.
- Operating Expenses rose to $4.0 billion in Q1 2026, from $4.0 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $4.0 billion in Q1 2026 to a low of $3.1 billion in Q1 2022.
- A 5-year average of $3.5 billion and a median of $3.5 billion in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses climbed 12.61% — and 2023, when it increased 4.21%.
- Tracing UHS's Operating Expenses over 5 years: stood at $3.2 billion in 2022, then increased by 5.86% to $3.4 billion in 2023, then grew by 7.97% to $3.6 billion in 2024, then advanced by 9.0% to $4.0 billion in 2025, then advanced by 0.59% to $4.0 billion in 2026.
- The last three Operating Expenses figures came in at $4.0 billion (Q1 2026), $4.0 billion (Q4 2025), and $4.0 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 89.17 Bn | 88.16 Bn | 15.19 Bn | 17.74 Bn |
| 2 | Tenet Healthcare | 22.30 Bn | 20.13 Bn | 4.45 Bn | 3.00 Mn |
| 3 | Encompass Health | 12.22 Bn | 12.08 Bn | 1.34 Bn | 1.31 Bn |
| 4 | Davita | 11.68 Bn | 10.99 Bn | 1.16 Bn | 2.98 Bn |
| 5 | Ensign | 10.53 Bn | 10.21 Bn | 306.24 Mn | 1.32 Bn |
| 6 | Universal Health Services | 10.14 Bn | 10.00 Bn | 3.29 Bn | 4.12 Bn |
| 7 | Pacs | 7.07 Bn | 6.91 Bn | 338.46 Mn | 1.32 Bn |
| 8 | Chemed | 7.04 Bn | 7.00 Bn | 221.47 Mn | 584.05 Mn |
| 9 | Fresenius Medical Care AG | 6.38 Bn | 4.69 Bn | 1.52 Bn | 901.58 Mn |
| 10 | Concentra Group Holdings Parent | 4.43 Bn | 4.28 Bn | 192.10 Mn | 490.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.12 Bn |
| Mar 31, 2026 | 3.99 Bn |
| Dec 31, 2025 | 3.97 Bn |
| Sep 30, 2025 | 3.97 Bn |
| Jun 30, 2025 | 3.78 Bn |
| Mar 31, 2025 | 3.64 Bn |
| Dec 31, 2024 | 3.64 Bn |
| Sep 30, 2024 | 3.58 Bn |
| Jun 30, 2024 | 3.47 Bn |
| Mar 31, 2024 | 3.45 Bn |
| Dec 31, 2023 | 3.37 Bn |
| Sep 30, 2023 | 3.28 Bn |
| Jun 30, 2023 | 3.27 Bn |
| Mar 31, 2023 | 3.19 Bn |
| Dec 31, 2022 | 3.19 Bn |
| Sep 30, 2022 | 3.06 Bn |
| Jun 30, 2022 | 3.09 Bn |
| Mar 31, 2022 | 3.06 Bn |
| Dec 31, 2021 | 2.96 Bn |
| Sep 30, 2021 | 2.84 Bn |