Humana

HUM · Health Care · Market cap $45.0B

Q1 FY26 Mar 31, 2026 reported Apr 29, 2026

Revenue$39.6B +23% year over year

Gross profit$6B

Operating profit$1.8B

Net profit$1.2B 3% margin

Numbers and detail

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	39.6	100%	+23%
Premiums revenue	37.7	95%
Total revenues	6.1	15%
Other	0.5	1%
Cost of revenue	−33.7	85%
Gross profit	6	15% margin	−2pp
SG&A	−4	10%	+0pp
Other	−0.2	0%	+0pp
Operating profit	1.8	4% margin	−2pp
Tax	−0.4
Interest & other costs	−0.2
Net profit	1.2	3%	−1pp

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	32.6	100%	+11%
External Revenues \| Insurance	31	95%
Other	2	6%
Product \| Insurance	1.6	5%
Service \| CenterWell	1.3	4%
External Revenues \| CenterWell	1.3	4%
Benefits	−27.4	86%	+0pp
Operating	−4.1	13%	+0pp
Income from operations	−0.4	1%	+0pp
Depreciation and amortization	−0.2	1%	+0pp
Loss on sale of business	−0.1	0%	+0pp
Operating profit	0.4	1% margin	−1pp
Interest & other costs	−0.3
Net profit	0.2	1%	−1pp

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	32.4	100%	+10%
Premiums revenue	30.7	95%
Total revenues	5.5	17%
Other	0.5	2%
Benefits	−26.5	85%	+0pp
Operating	−3.5	11%	+0pp
Income from operations	−1.1	3%	+0pp
Depreciation and amortization	−0.2	1%	+0pp
Operating profit	1.1	3% margin	+0pp
Tax	−0.2
Interest & other costs	−0.4
Net profit	0.5	2%	−1pp

All figures in billions of U.S. dollars, for Q2 FY24 (period ends Jun 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	29.5	100%	+10%
Total Medicare	25	85%
State-based contracts and other	2.5	8%
Group Medicare Advantage	1.9	6%
Other	1.8	6%
Services revenue	1.1	4%
Medicare stand-alone PDP	0.9	3%
Home solutions	0.3	1%
Benefits	−24	85%	+0pp
Operating	−3.1	11%	+0pp
Income from operations	−1.1	4%	+0pp
Depreciation and amortization	−0.2	1%	+0pp
Operating profit	1.1	4% margin	−2pp
Tax	−0.2
Interest & other costs	−0.2
Net profit	0.7	2%	−1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Mar 31, 2026	Apr 29, 2026	$39.6B	+23%	5%	$1.2B	3%
Q3 FY25	Jul 1 – Sep 30, 2025	Nov 5, 2025	$32.6B	+11%	1%	$0.2B	1%
Q2 FY25	Apr 1 – Jun 30, 2025	Jul 30, 2025	$32.4B	+10%	3%	$0.5B	2%
Q2 FY24	Apr 1 – Jun 30, 2024	Jul 31, 2024	$29.5B	+10%	4%	$0.7B	2%