HCA Healthcare

HCA Health Care Market cap $92.1B as of Sep 14, 2026 16:00 ET S&P 500

Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 29, 2026

Revenue$19.11B +4% year over year

Operating profit$2.29B 12% margin

Net profit$1.62B 8% margin

The numbers behind the diagram

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	19.11	100%	+4%
Care & insurers	9.08	47%	+0%
Managed medicare	3.51	18%	+6%
Medicare	3.06	16%	+6%
Medicaid	1.44	8%	+21%
Managed medicaid	0.94	5%	+7%
Other revenue	0.58	3%	+1%
International (Managed care	0.50	3%	+12%
Operating expenses	−16.82	88%
Compensation	−8.28	43%	+0pp
D&A	−0.93	5%	+0pp
Interest	−0.58	3%	+0pp
Underwriting	−4.18	22%	+1pp
G&A	−0.13	1%	+0pp
Other	−2.71	14%	+0pp
Operating profit	2.29	12% margin	−1pp
Interest & other costs	−0.24
Tax	−0.43
Net profit	1.62	8% margin

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 Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	19.51	100%	+7%
Operating expenses	−16.84	86%
Compensation	−8.36	43%	+0pp
D&A	−0.91	4%	+0pp
Interest	−0.57	3%	+0pp
Underwriting	−4.09	21%	+0pp
G&A	−0.15	1%	+0pp
Other	−2.76	14%	+0pp
Operating profit	2.67	14% margin	+2pp
Interest & other costs	−0.29
Tax	−0.51
Net profit	1.88	10% margin	+2pp

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 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	19.16	100%	+10%
Care & insurers	9.27	49%	+9%
Managed medicare	3.31	17%	+12%
Medicare	2.73	14%	+6%
Medicaid	1.78	9%	+48%
Managed medicaid	0.95	5%	−8%
Other revenue	0.64	3%	−19%
International (Managed care	0.48	3%	+14%
Operating expenses	−16.74	87%
Compensation	−8.36	43%	−1pp
D&A	−0.89	4%	+0pp
Interest	−0.56	3%	+0pp
Underwriting	−4.16	22%	+0pp
G&A	−0.14	1%	+0pp
Other	−2.63	14%	+0pp
Operating profit	2.42	13% margin	+2pp
Interest & other costs	−0.26
Tax	−0.52
Net profit	1.64	9% margin	+1pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	18.61	100%	+6%
Care & insurers	9.12	49%
Managed medicare	3.35	18%
Medicare	2.80	15%
Medicaid	1.44	8%
Managed medicaid	0.90	5%
Other revenue	0.53	3%
International (Managed care	0.46	2%
Operating expenses	−16.19	87%
Compensation	−8.14	44%	+0pp
D&A	−0.86	5%	+0pp
Interest	−0.57	3%	+0pp
Underwriting	−3.79	20%	+0pp
G&A	−0.13	1%	+0pp
Other	−2.70	14%	+0pp
Operating profit	2.42	13% margin	+0pp
Interest & other costs	−0.24
Tax	−0.52
Net profit	1.65	9% margin	+1pp

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	18.32	100%	+6%
Care & insurers	9.04	49%
Managed medicare	3.30	18%
Medicare	2.90	16%
Medicaid	1.19	7%
Managed medicaid	0.88	5%
Other revenue	0.57	3%
International (Managed care	0.45	2%
Operating expenses	−15.99	87%
Compensation	−8.00	43%	−1pp
D&A	−0.86	5%	+0pp
Interest	−0.55	3%	+0pp
Underwriting	−3.85	21%	+0pp
G&A	−0.13	1%	+0pp
Other	−2.62	14%	+0pp
Operating profit	2.33	13% margin	+0pp
Interest & other costs	−0.22
Tax	−0.50
Net profit	1.61	9% 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
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 29, 2026 Operating margin 12% Net profit $1.62B	Jan 1 – Mar 31, 2026	Apr 29, 2026	$19.1B	+4%	12%	$1.62B	8%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 10, 2026 Operating margin 14% Net profit $1.88B	Oct 1 – Dec 31, 2025	Feb 10, 2026	$19.5B	+7%	14%	$1.88B	10%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 30, 2025 Operating margin 13% Net profit $1.64B	Jul 1 – Sep 30, 2025	Oct 30, 2025	$19.2B	+10%	13%	$1.64B	9%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Aug 4, 2025 Operating margin 13% Net profit $1.65B	Apr 1 – Jun 30, 2025	Aug 4, 2025	$18.6B	+6%	13%	$1.65B	9%
Q1 FY25 Jan 1 – Mar 31, 2025 reported May 1, 2025 Operating margin 13% Net profit $1.61B	Jan 1 – Mar 31, 2025	May 1, 2025	$18.3B	+6%	13%	$1.61B	9%