Centene Q2 FY26: where the revenue came from and where it went
The whole income statement of Centene for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- 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
| 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 |
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