FINHUB Insights

HCA · Q2 FY25 · Apr 1 – Jun 30, 2025

HCA Healthcare Q2 FY25: where the revenue came from and where it went

HCA Healthcare Q2 FY25: revenue $18.6B (+6% year over year). Net profit $1.7B. Largest cohort Care & insurers $9.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Aug 4, 2025 10-Q
Sankey diagram of HCA Healthcare's income statement for Q2 FY25: revenue of $18.61 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$18.61B +6% year over year
Operating profit$2.42B 13% margin
Net profit$1.65B 9% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear 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 0.53 3%
International (Managed care 0.46 2%
Compensation−8.1444%+0pp
D&A−0.865%+0pp
Interest−0.573%+0pp
Underwriting−3.7920%+0pp
G&A−0.131%+0pp
Other−2.7015%+0pp
Operating profit2.4213% margin+0pp
Tax−0.52
Interest & other costs−0.24
Net profit1.659%+1pp
Filing on EDGAR More quarters of HCA

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.