FINHUB Insights

HCA · Q3 FY25 · Jul 1 – Sep 30, 2025

HCA Healthcare Q3 FY25: where the revenue came from and where it went

HCA Healthcare Q3 FY25: revenue $19.2B (+10% year over year). Net profit $1.6B. Largest cohort Care & insurers $9.3B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 30, 2025 10-Q
Sankey diagram of HCA Healthcare's income statement for Q3 FY25: revenue of $19.16 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$19.16B +10% year over year
Operating profit$2.42B 13% margin
Net profit$1.64B 9% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 19.16 100% +10%
Care & insurers 9.27 48% +9%
Managed medicare 3.31 17% +12%
Medicare 2.73 14% +6%
Medicaid 1.78 9% +48%
Managed medicaid 0.95 5% −8%
Other 0.64 3% −19%
International (Managed care 0.48 3% +14%
Compensation−8.3644%−1pp
D&A−0.895%+0pp
Interest−0.563%+0pp
Underwriting−4.1622%+0pp
G&A−0.141%+0pp
Other−2.6314%+0pp
Operating profit2.4213% margin+2pp
Tax−0.52
Interest & other costs−0.26
Net profit1.649%+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.