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The financials
Centene Corporation by the numbers
Centene Corporation (CNC) reported revenue of $53.6B in Q2 2026 (quarter ended Jun 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 Q2 2026 was Medicaid at $22.7B, 52% of the disclosed total, well ahead of Medicare at 25%.
| 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 | $22.7B | 52% |
| Medicare | $11.1B | 25% |
| Commercial | $9.36B | 21% |
| All Other | $425M | 1.0% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $43.58B (-0.69%)
Medicare grew +17% year on yearAll Other -19% year on year
Segment Latestquarter on quarteryear on year
- Medicaid$22.75B$22.75BQoQ -3.5%year on year +4.8%-3.5%+4.8%
- Medicare$11.06B$11.06BQoQ +7.1%year on year +17%+7.1%+17%
- Commercial$9.36B$9.36BQoQ -2.1%year on year -7.1%-2.1%-7.1%
- All Other$425.0M$425.0MQoQ -1.8%year on year -19%-1.8%-19%
Healthcare
Ranks #73 of 345 by Smart Score