FINHUB Insights

CNC · Q1 FY26 · Jan 1 – Mar 31, 2026

Centene Q1 FY26: where the revenue came from and where it went

Centene Q1 FY26: revenue $49.9B (+7% year over year). Net profit $1.5B. Largest cohort Medicaid $23.6B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2026
Reported
Apr 28, 2026 10-Q
Sankey diagram of Centene's income statement for Q1 FY26: revenue of $49.9 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$49.9B +7% year over year
Gross profit$5.7B 11% margin
Operating profit$1.9B 4% margin
Net profit$1.5B 3% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear over year
Revenue 49.9 100% +7%
Medicaid 23.6 47% +6%
Medicare 10.3 21% +18%
Commercial 9.6 19% −6%
Other 4.5 9%
Other/Eliminations 1.2 2% +122%
Service 0.8 2% −1%
Cost of revenue−44.389%
Gross profit5.711% margin+0pp
SG&A−3.47%+0pp
Other−0.41%+0pp
Operating profit1.94% margin+0pp
Tax−0.6
Net profit1.53%+0pp
Filing on EDGAR More quarters of CNC

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters