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The financials
Tenet Healthcare Corporation by the numbers
Tenet Healthcare Corporation (THC) reported revenue of $5.63B in Q2 2026 (quarter ended Jun 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 Q2 2026 was Health Care Patient Service Managed Care at $2.47B, 44% of the disclosed total, well ahead of Health Care Patient Service at 23%.
| 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 | $2.47B | 44% |
| Health Care Patient Service | $1.32B | 23% |
| Other | $572M | 10% |
| Medicare | $534M | 9.5% |
| Health Care Patient Service Medicaid | $505M | 9.0% |
| Health Care Patient Service Indemnity And Other | $159M | 2.8% |
| Health Care Other Sources | $70M | 1.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $5.63B (+4.8%)
Health Care Patient Service Medicaid grew +33% year on yearMedicare +0.75% year on year
Segment Latestquarter on quarteryear on year
- Health Care Patient Service Managed Care$2.47B$2.47BQoQ +3.2%year on year +1.9%+3.2%+1.9%
- Health Care Patient Service$1.32B$1.32BQoQ +4.1%year on year +8.6%+4.1%+8.6%
- Other$572.0M$572.0MQoQ -0.35%year on year +4.4%-0.35%+4.4%
- Medicare$534.0M$534.0MQoQ -5.5%year on year +0.75%-5.5%+0.75%
- Health Care Patient Service Medicaid$505.0M$505.0MQoQ +42%year on year +33%+42%+33%
- Health Care Patient Service Indemnity And Other$159.0M$159.0MQoQ +6.0%year on year +31%+6.0%+31%
- Health Care Other Sources$70.0M$70.0MQoQ +30%year on year +25%+30%+25%
- Health Care Patient Service Selfpay$0.00$0.00QoQ -100%year on year --100%-