FINHUB Insights

CNC · Q2 FY26 · Jun 30, 2026

Centene Q2 FY26: where the revenue came from and where it went

Centene Q2 FY26: revenue $53.6B (+10% year over year). Net profit $1.1B. Largest cohort Medicaid $32B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jun 30, 2026
Reported
Jul 28, 2026 10-Q
Sankey diagram of Centene's income statement for Q2 FY26: revenue of $53.6 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$53.6B +10% year over year
Gross profit$4.6B 9% margin
Operating profit$1.2B 2% margin
Net profit$1.1B 2% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
ItemValueShare of revenueYear over year
Revenue 53.6 100% +10%
Medicaid 32 60% +14%
Medicare 11.1 21% +17%
Commercial 9.4 18% −7%
Other/Eliminations 1.2 2% −2%
Cost of revenue−4991%
Gross profit4.69% margin+2pp
SG&A−3.16%+0pp
Other−0.31%+0pp
Operating profit1.22% margin+3pp
Tax−0.4
Net profit1.12%+3pp
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