The financials
Centene Corporation by the numbers
Centene Corporation (CNC) reported revenue of $53.6B in Q2 2026 (quarter ended June 30, 2026), up 9.9% from the same quarter a year earlier. That came with a gross margin of 8.6% and net income of $1.09B (2.0% of revenue). For the full year FY2025, revenue was $194.8B (+19% year on year) and net income −$6.67B. Its largest segment in 2026-Q1 was Medicaid at $23.6B, 54% of the disclosed total, just ahead of Medicare at 24%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $53.6B | $48.7B | +9.9% |
| Gross profit | $4.62B | $3.02B | +53% |
| Operating income | $1.20B | −$458M | to a profit |
| Net income | $1.09B | −$253M | to a profit |
| Diluted EPS | $2.19 | −$0.51 | to a profit |
| Operating | Revenue | Share |
|---|---|---|
| Medicaid | $23.6B | 54% |
| Medicare | $10.3B | 24% |
| Commercial | $9.55B | 22% |
| All Other | $433M | 1.0% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $43.89B (-0.54%)
Medicare grew +18% year on yearAll Other -18% year on year
Segment Latestquarter on quarteryear on year
- Medicaid$23.57B$23.57BQoQ +1.8%year on year +5.8%+1.8%+5.8%
- Medicare$10.33B$10.33BQoQ +10.0%year on year +18%+10.0%+18%
- Commercial$9.55B$9.55BQoQ -13%year on year -5.8%-13%-5.8%
- All Other$433.0M$433.0MQoQ -28%year on year -18%-28%-18%
Healthcare Plans
Ranks #3 of 11 by Smart Score