Universal Health Services (UHS) Operating Expenses (2009 - 2026)
Universal Health Services posted quarterly Operating Expenses of $4.0 billion for Q1 2026, up 9.53% year-on-year 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) has 18 years of Operating Expenses data on file, last reported at $4.0 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 9.53% year-over-year to $4.0 billion; the trailing twelve-month figure through Mar 2026 stood at $15.7 billion (up 9.64% YoY), and the FY2025 full-year result was $15.4 billion, up 8.66% from the prior year.
- Operating Expenses for Q1 2026 stood at $4.0 billion, up from $4.0 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $4.0 billion in Q1 2026 and bottomed at $3.1 billion in Q1 2022.
- The 5-year median for Operating Expenses is $3.5 billion (2024), against an average of $3.5 billion.
- The widest annual swing landed in 2022, when Operating Expenses climbed 12.61%; it then increased 4.21% in 2023.
- A 5-year view of Operating Expenses shows it stood at $3.2 billion in 2022, then rose by 5.86% to $3.4 billion in 2023, then increased by 7.97% to $3.6 billion in 2024, then climbed by 9.0% to $4.0 billion in 2025, then climbed 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.
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 | Option Care Health | 3.27 Bn | 3.09 Bn | 262.01 Mn | 189.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 2.76 Bn |
| Mar 31, 2021 | 2.72 Bn |
| Dec 31, 2020 | 2.67 Bn |
| Sep 30, 2020 | 2.56 Bn |
| Jun 30, 2020 | 2.37 Bn |
| Mar 31, 2020 | 2.59 Bn |
| Dec 31, 2019 | 2.56 Bn |
| Sep 30, 2019 | 2.63 Bn |
| Jun 30, 2019 | 2.51 Bn |
| Mar 31, 2019 | 2.46 Bn |
| Dec 31, 2018 | 2.49 Bn |
| Sep 30, 2018 | 2.39 Bn |
| Jun 30, 2018 | 2.36 Bn |
| Mar 31, 2018 | 2.35 Bn |
| Dec 31, 2017 | 2.30 Bn |
| Sep 30, 2017 | 2.28 Bn |
| Jun 30, 2017 | 2.28 Bn |
| Mar 31, 2017 | 2.26 Bn |
| Dec 31, 2016 | 2.16 Bn |
| Sep 30, 2016 | 2.13 Bn |
| Jun 30, 2016 | 2.10 Bn |
| Mar 31, 2016 | 2.09 Bn |
| Dec 31, 2015 | 1.99 Bn |
| Sep 30, 2015 | 1.95 Bn |
| Jun 30, 2015 | 1.94 Bn |
| Mar 31, 2015 | 1.90 Bn |
| Dec 31, 2014 | 1.85 Bn |
| Sep 30, 2014 | 1.86 Bn |
| Jun 30, 2014 | 1.76 Bn |
| Mar 31, 2014 | 1.67 Bn |
| Dec 31, 2013 | 1.64 Bn |
| Sep 30, 2013 | 1.59 Bn |
| Jun 30, 2013 | 1.53 Bn |
| Mar 31, 2013 | 1.59 Bn |
| Dec 31, 2012 | 1.49 Bn |
| Sep 30, 2012 | 1.51 Bn |
| Jun 30, 2012 | 1.49 Bn |
| Mar 31, 2012 | 1.52 Bn |
| Dec 31, 2011 | 889.85 Mn |
| Sep 30, 2011 | 1.65 Bn |
| Jun 30, 2011 | 1.48 Bn |
| Mar 31, 2011 | 1.50 Bn |
| Dec 31, 2010 | 760.68 Mn |
| Sep 30, 2010 | 1.22 Bn |
| Jun 30, 2010 | 1.21 Bn |
| Mar 31, 2010 | 1.21 Bn |
| Dec 31, 2009 | 1.17 Bn |
| Sep 30, 2009 | 1.19 Bn |
| Jun 30, 2009 | 1.14 Bn |