The financials
Molina Healthcare, Inc. by the numbers
Molina Healthcare, Inc. (MOH) reported revenue of $10.9B in Q2 2026 (quarter ended June 30, 2026), down 4.8% from the same quarter a year earlier. That came with a gross margin of 13% and net income of $60M (0.6% of revenue). For the full year FY2025, revenue was $45.4B (+12% year on year) and net income $472M. Its largest segment in 2024-Q3 was Medicaid at $8.26B, 80% of the disclosed total, just ahead of Medicare at 13%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $10.9B | $11.4B | −4.8% |
| Gross profit | $1.43B | $1.60B | −10% |
| Operating income | $145M | $373M | −61% |
| Net income | $60M | $255M | −76% |
| Diluted EPS | $1.19 | $4.75 | −75% |
| Operating | Revenue | Share |
|---|---|---|
| Medicaid | $8.26B | 80% |
| Medicare | $1.39B | 13% |
| Marketplace | $672M | 6.5% |
| Other Program | $20M | 0.2% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q3 2024Total $10.34B (+4.7%)
Marketplace grew +33% year on yearOther Program +5.3% year on year
Segment Latestquarter on quarteryear on year
- Medicaid$8.26B$8.26BQoQ +6.5%year on year +18%+6.5%+18%
- Medicare$1.39B$1.39BQoQ -5.1%year on year +32%-5.1%+32%
- Marketplace$672.0M$672.0MQoQ +4.8%year on year +33%+4.8%+33%
- Other Program$20.0M$20.0MQoQ 0.00%year on year +5.3%0.00%+5.3%
Healthcare Plans
Ranks #11 of 11 by Smart Score