The financials
Tenet Healthcare Corporation by the numbers
Tenet Healthcare Corporation (THC) reported revenue of $5.63B in Q2 2026 (quarter ended June 30, 2026), up 6.8% from the same quarter a year earlier. That came with net income of $1.04B (19% of revenue). For the full year FY2025, revenue was $21.3B (+3.1% year on year) and net income $2.37B. Its largest product in 2026-Q1 was Health Care Patient Service Managed Care at $2.39B, 45% of the disclosed total, just ahead of Health Care Patient Service at 24%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $5.63B | $5.27B | +6.8% |
| Operating income | $1.50B | $823M | +82% |
| Net income | $1.04B | $522M | +100% |
| Diluted EPS | $9.84 | $3.14 | +213% |
| Product | Revenue | Share |
|---|---|---|
| Health Care Patient Service Managed Care | $2.39B | 45% |
| Health Care Patient Service | $1.27B | 24% |
| Other | $574M | 11% |
| Medicare | $565M | 11% |
| Health Care Patient Service Medicaid | $356M | 6.6% |
| Health Care Patient Service Indemnity And Other | $150M | 2.8% |
| Health Care Other Sources | $54M | 1.0% |
| Health Care Patient Service Selfpay | $9.0M | 0.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $5.37B (+1.5%)
Health Care Patient Service Indemnity And Other grew +28% year on yearHealth Care Patient Service Selfpay -74% year on year
Segment Latestquarter on quarteryear on year
- Health Care Patient Service Managed Care$2.39B$2.39BQoQ +0.84%year on year -0.25%+0.84%-0.25%
- Health Care Patient Service$1.27B$1.27BQoQ +3.6%year on year +11%+3.6%+11%
- Other$574.0M$574.0MQoQ +4.0%year on year +4.6%+4.0%+4.6%
- Medicare$565.0M$565.0MQoQ +10%year on year +3.1%+10%+3.1%
- Health Care Patient Service Medicaid$356.0M$356.0MQoQ -12%year on year -6.3%-12%-6.3%
- Health Care Patient Service Indemnity And Other$150.0M$150.0MQoQ -4.5%year on year +28%-4.5%+28%
- Health Care Other Sources$54.0M$54.0MQoQ +1.9%year on year +5.9%+1.9%+5.9%
- Health Care Patient Service Selfpay$9.0M$9.0MQoQ -40%year on year -74%-40%-74%
Medical Care Facilities
Ranks #1 of 28 by Smart Score