Centene

CNC Health Care Market cap $34.3B as of Sep 14, 2026 16:03 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 28, 2026

Revenue$53.58B +10% year over year

Gross profit$4.62B 9% margin

Operating profit$1.20B 2% margin

Net profit$1.09B 2% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	53.58	100%	+10%
Medicaid	31.97	60%
Medicare	11.06	21%
Commercial	9.36	17%
Other/Eliminations	1.20	2%
Cost of revenue	−48.96	91%
Gross profit	4.62	9% margin	+2pp
SG&A	−3.10	6%	+0pp
Other	−0.32	0%	+0pp
Operating profit	1.20	2% margin	+3pp
Other income, net	0.29
Tax	−0.40
Net profit	1.09	2% margin	+3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	49.94	100%	+7%
Medicaid	23.60	47%
Medicare	10.33	21%	+18%
Commercial	9.56	19%	−6%
Other revenue	4.52	9%
Other/Eliminations	1.18	2%	−8%
Services	0.77	2%
Cost of revenue	−44.29	89%
Gross profit	5.65	11% margin	+0pp
SG&A	−3.40	7%	+0pp
Other	−0.39	1%	+0pp
Operating profit	1.86	4% margin
Other income, net	0.24
Tax	−0.56
Net profit	1.54	3% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	46.62	100%	+15%
Medicaid	26.43	56%
Commercial	10.15	22%
Medicare	8.76	19%
Other/Eliminations	1.28	3%
Cost of revenue	−41.33	89%
Gross profit	5.29	11% margin	+0pp
SG&A	−3.35	7%	−1pp
Other	−0.40	1%	+0pp
Operating profit	1.53	3% margin	+1pp
Other income, net	0.21
Tax	−0.43
Net profit	1.31	3% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Sep 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	42.02	100%	+10%
Medicaid	26.44	63%
Commercial	8.69	21%
Medicare	5.64	13%
Other/Eliminations	1.25	3%
Cost of revenue	−38.02	90%
Gross profit	4.01	10% margin	−3pp
SG&A	−3.06	7%	−1pp
Other	−0.28	1%	+0pp
Operating profit	0.67	2% margin	+0pp
Other income, net	0.26
Tax	−0.21
Net profit	0.71	2% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 28, 2026 Operating margin 2% Net profit $1.1B	Apr 1 – Jun 30, 2026	Jul 28, 2026	$53.6B	+10%	2%	$1.1B	2%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 28, 2026 Operating margin 4% Net profit $1.5B	Jan 1 – Mar 31, 2026	Apr 28, 2026	$49.9B	+7%	4%	$1.5B	3%
Q1 FY25 Jan 1 – Mar 31, 2025 reported Apr 25, 2025 Operating margin 3% Net profit $1.3B	Jan 1 – Mar 31, 2025	Apr 25, 2025	$46.6B	+15%	3%	$1.3B	3%
Q3 FY24 Jul 1 – Sep 30, 2024 reported Oct 25, 2024 Operating margin 2% Net profit $0.7B	Jul 1 – Sep 30, 2024	Oct 25, 2024	$42.0B	+10%	2%	$0.7B	2%