Humana annual operating margin
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2024
2025
Humana Operating Margin Growth & History (HUM)
Humana's operating margin was 46.36% for fiscal 2025.
View full Humana company overviewHumana annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 46.36% | −11.46 pp |
| 2024 | 2024-12-31 | 57.82% | −41.68 pp |
| 2023 | 2023-12-31 | 99.50% | +19.94 pp |
| 2022 | 2022-12-31 | 79.56% | −23.48 pp |
| 2021 | 2021-12-31 | 103.04% | −171.67 pp |
| 2020 | 2020-12-31 | 274.71% | +52.89 pp |
| 2019 | 2019-12-31 | 221.82% | +9.05 pp |
| 2018 | 2018-12-31 | 212.77% | −221.25 pp |
| 2017 | 2017-12-31 | 434.01% | +254.34 pp |
| 2016 | 2016-12-31 | 179.67% | +175.35 pp |
| 2015 | 2015-12-31 | 4.32% | −0.55 pp |
| 2014 | 2014-12-31 | 4.87% | −0.12 pp |
| 2013 | 2013-12-31 | 4.99% | −0.16 pp |
| 2012 | 2012-12-31 | 5.15% | −1.21 pp |
| 2011 | 2011-12-31 | 6.36% | +0.85 pp |
| 2010 | 2010-12-31 | 5.52% | −0.04 pp |
| 2009 | 2009-12-31 | 5.56% | +1.85 pp |
| 2008 | 2008-12-31 | 3.71% | −1.66 pp |
| 2007 | 2007-12-31 | 5.37% | — |
Humana quarterly operating margin
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Q1.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-03-31 | 104.59% | −46.38 pp |
| Q4 2025 | 2025-12-31 | −53.90% | −7.33 pp |
| Q3 2025 | 2025-09-30 | 25.00% | −41.00 pp |
| Q2 2025 | 2025-06-30 | 78.43% | −25.30 pp |
| Q1 2025 | 2025-03-31 | 150.97% | +34.59 pp |
| Q4 2024 | 2024-12-31 | −46.57% | −13.11 pp |
| Q3 2024 | 2024-09-30 | 66.00% | −52.70 pp |
| Q2 2024 | 2024-06-30 | 103.73% | −43.10 pp |
| Q1 2024 | 2024-03-31 | 116.38% | −55.69 pp |
| Q4 2023 | 2023-12-31 | −33.46% | −45.81 pp |
| Q3 2023 | 2023-09-30 | 118.70% | +17.58 pp |
| Q2 2023 | 2023-06-30 | 146.83% | +56.76 pp |
| Q1 2023 | 2023-03-31 | 172.07% | +70.09 pp |
| Q4 2022 | 2022-12-31 | 12.35% | +7.48 pp |
| Q3 2022 | 2022-09-30 | 101.12% | +26.80 pp |
| Q2 2022 | 2022-06-30 | 90.07% | −161.66 pp |
| Q1 2022 | 2022-03-31 | 101.98% | −160.47 pp |
| Q4 2021 | 2021-12-31 | 4.87% | +76.36 pp |
| Q3 2021 | 2021-09-30 | 74.32% | −324.59 pp |
| Q2 2021 | 2021-06-30 | 251.73% | −289.38 pp |
| Q1 2021 | 2021-03-31 | 262.45% | +9.14 pp |
| Q4 2020 | 2020-12-31 | −71.49% | −179.23 pp |
| Q3 2020 | 2020-09-30 | 398.91% | +178.04 pp |
| Q2 2020 | 2020-06-30 | 541.11% | +227.03 pp |
| Q1 2020 | 2020-03-31 | 253.30% | +14.71 pp |
| Q4 2019 | 2019-12-31 | 107.74% | −33.13 pp |
| Q3 2019 | 2019-09-30 | 220.87% | −31.37 pp |
| Q2 2019 | 2019-06-30 | 314.08% | +88.43 pp |
| Q1 2019 | 2019-03-31 | 238.59% | +6.18 pp |
| Q4 2018 | 2018-12-31 | 140.87% | −243.88 pp |
| Q3 2018 | 2018-09-30 | 252.23% | −226.03 pp |
| Q2 2018 | 2018-06-30 | 225.65% | +213.03 pp |
| Q1 2018 | 2018-03-31 | 232.42% | +225.49 pp |
| Q3 2017 | 2017-09-30 | 384.75% | +379.88 pp |
| Q2 2017 | 2017-06-30 | 478.26% | +474.30 pp |
| Q1 2017 | 2017-03-31 | 12.63% | +10.47 pp |
| Q3 2016 | 2016-09-30 | 6.93% | +1.73 pp |
| Q2 2016 | 2016-06-30 | 4.88% | +0.70 pp |
| Q1 2016 | 2016-03-31 | 3.96% | −1.75 pp |
| Q4 2015 | 2015-12-31 | 2.16% | −0.85 pp |
| Q3 2015 | 2015-09-30 | 5.20% | +0.39 pp |
| Q2 2015 | 2015-06-30 | 4.17% | −1.40 pp |
| Q1 2015 | 2015-03-31 | 5.71% | −0.45 pp |
| Q4 2014 | 2014-12-31 | 3.01% | +3.15 pp |
| Q3 2014 | 2014-09-30 | 4.81% | −1.21 pp |
| Q2 2014 | 2014-06-30 | 5.57% | −1.10 pp |
| Q1 2014 | 2014-03-31 | 6.16% | −1.14 pp |
| Q4 2013 | 2013-12-31 | −0.14% | −3.37 pp |
| Q3 2013 | 2013-09-30 | 6.02% | −1.25 pp |
| Q2 2013 | 2013-06-30 | 6.68% | +0.59 pp |
| Q1 2013 | 2013-03-31 | 7.30% | +3.22 pp |
| Q4 2012 | 2012-12-31 | 3.23% | −0.52 pp |
| Q3 2012 | 2012-09-30 | 7.26% | −0.54 pp |
| Q2 2012 | 2012-06-30 | 6.08% | −2.04 pp |
| Q1 2012 | 2012-03-31 | 4.07% | −1.63 pp |
| Q4 2011 | 2011-12-31 | 3.75% | +1.33 pp |
| Q3 2011 | 2011-09-30 | 7.81% | +0.04 pp |
| Q2 2011 | 2011-06-30 | 8.12% | +1.58 pp |
| Q1 2011 | 2011-03-31 | 5.70% | +0.41 pp |
| Q4 2010 | 2010-12-31 | 2.42% | −3.32 pp |
| Q3 2010 | 2010-09-30 | 7.76% | +1.34 pp |
| Q2 2010 | 2010-06-30 | 6.54% | +0.64 pp |
| Q1 2010 | 2010-03-31 | 5.29% | +1.13 pp |
| Q4 2009 | 2009-12-31 | 5.74% | +1.51 pp |
| Q3 2009 | 2009-09-30 | 6.42% | +1.76 pp |
| Q2 2009 | 2009-06-30 | 5.91% | — |
| Q1 2009 | 2009-03-31 | 4.16% | — |
| Q3 2008 | 2008-09-30 | 4.23% | — |
| Q2 2008 | 2008-06-30 | 4.66% | — |
Humana operating margin trends
Over the last five reported fiscal years, Humana's operating margin decreased from 274.71% to 46.36%, a change of −228.35 percentage points. The latest reported quarter, Q1 2026, shows 104.59%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Humana filings at SEC.gov ↗