Centene Corp. (CNC) income statement
NYSE · Healthcare · Medical - Healthcare Plans · 61,100 employees · CEO Sarah McGinty London
- Price
- $68.45 -0.25%
- Market cap
- $33.9B
- Enterprise value
- $28.7B
- Last report
- Q3 '26 filed 2026-10-27
- Next report
- 2027-02-05 EPS est. -$1.14
Centene Corp. (CNC) reported revenue of $50.6B for Q3 '26 (+1.9% year on year), operating income of -$307M (-0.6% of revenue) and net income of -$71M. Over the last four quarters revenue was $195B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.5B | $40.4B | $39.8B | $42B | $40.8B | $46.6B | $48.7B | $49.7B | $49.7B | $49.9B | $44.4B | $50.6B | |
| Cost of revenue | $35.8B | $35.8B | $35.4B | $38B | $37.1B | $41.4B | $45.8B | $41.6B | $42.2B | $39B | $39.8B | $41.8B | |
| Gross profit | $3.66B | $4.65B | $4.43B | $4.04B | $3.72B | $5.2B | $2.95B | $8.14B | $7.55B | $10.9B | $4.62B | $8.84B | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.73B | $3.4B | $0 | $3.24B | |
| Other operating expenses | $366M | $321M | $306M | $313M | $314M | $315M | $369M | $11.9B | $5.56B | $5.68B | $139M | $5.92B | |
| Operating expenses | $3.85B | $3.54B | $3.2B | $3.37B | $3.55B | $3.67B | $3.41B | $15.1B | $9.29B | $9.08B | $3.24B | $9.15B | |
| Operating income | -$194M | $1.11B | $1.23B | $665M | $175M | $1.53B | -$458M | -$6.95B | -$1.74B | $1.86B | $1.38B | -$307M | |
| Interest expense | $183M | $178M | $176M | $176M | $172M | $170M | $170M | $170M | $168M | $164M | $153M | $149M | |
| Other non-operating income (gains on investments, FX ...) | -$401M | -$545M | -$463M | -$432M | -$344M | -$382M | -$371M | -$450M | -$365M | -$402M | -$264M | -$334M | |
| Total non-operating income | $218M | $367M | $287M | $256M | $172M | $212M | $201M | $280M | $197M | $238M | $111M | $185M | |
| Income before tax | $24M | $1.47B | $1.52B | $921M | $347M | $1.75B | -$257M | -$6.67B | -$1.54B | $2.1B | $1.49B | -$122M | |
| Income tax | -$15M | $315M | $370M | $211M | $67M | $432M | $2M | -$42M | -$443M | $560M | $399M | -$57M | |
| Net income | $45M | $1.16B | $1.15B | $713M | $283M | $1.31B | -$253M | -$6.63B | -$1.1B | $1.54B | $1.09B | -$71M | |
| EPS (basic) | $0.08 | $2.17 | $2.16 | $1.37 | $0.57 | $2.64 | -$0.51 | -$13.50 | -$2.24 | $3.13 | $2.21 | -$0.14 | |
| EPS (diluted) | $0.08 | $2.16 | $2.16 | $1.36 | $0.56 | $2.63 | -$0.51 | -$13.50 | -$2.24 | $3.11 | $2.19 | -$0.14 | |
| Shares (basic, weighted) | 534M | 535M | 530M | 522M | 500M | 496M | 494M | 491M | 491M | 492M | 494M | 494M | |
| Shares (diluted, weighted) | 538M | 538M | 531M | 524M | 502M | 498M | 494M | 491M | 491M | 496M | 498M | 494M | |
| Depreciation & amortization | $315M | $308M | $306M | $313M | $314M | $314M | $315M | $317M | $329M | $300M | $300M | $299M | |
| EBITDA | $522M | $1.96B | $2B | $1.41B | $833M | $2.23B | $228M | -$6.19B | -$1.05B | $2.56B | $1.94B | $326M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.6B | $48.4B | $60.1B | $74.6B | $111B | $126B | $145B | $154B | $163B | $195B | |
| Cost of revenue | $35.1B | $42.6B | $51.7B | $65.8B | $95.9B | $112B | $128B | $137B | $146B | $171B | |
| Gross profit | $5.54B | $5.8B | $8.42B | $8.84B | $15.2B | $14.2B | $16.7B | $17.3B | $16.8B | $23.8B | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | -$565M | $0 | $0 | $0 | $0 | |
| General & administrative | $4.13B | $4.45B | $6.75B | $6.53B | $11.3B | $10.2B | $0 | $0 | $0 | $13.3B | |
| Other operating expenses | $147M | $156M | $211M | $529M | $791M | $2.81B | $3.75B | $1.82B | $1.25B | $18.2B | |
| Operating expenses | $4.28B | $4.6B | $6.96B | $7.06B | $12.1B | $12.4B | $15.3B | $14.4B | $13.7B | $31.5B | |
| Operating income | $1.26B | $1.2B | $1.46B | $1.78B | $3.08B | $1.78B | $1.32B | $2.93B | $3.18B | -$7.62B | |
| Interest expense | $217M | $255M | $343M | $412M | $728M | $665M | $665M | $725M | $702M | $678M | |
| Other non-operating income (gains on investments, FX ...) | -$114M | -$190M | -$253M | -$413M | -$419M | -$694M | -$1.31B | -$1.39B | -$1.78B | -$1.2B | |
| Total non-operating income | -$103M | -$65M | -$90M | $1M | -$309M | $29M | $644M | $668M | $1.08B | $890M | |
| Income before tax | $1.16B | $1.13B | $1.37B | $1.78B | $2.77B | $1.81B | $1.96B | $3.6B | $4.26B | -$6.73B | |
| Income tax | $599M | $326M | $474M | $473M | $979M | $477M | $760M | $899M | $963M | -$51M | |
| Net income | $562M | $828M | $900M | $1.32B | $1.81B | $1.35B | $1.2B | $2.7B | $3.31B | -$6.67B | |
| EPS (basic) | $1.76 | $2.40 | $2.31 | $3.19 | $3.17 | $2.31 | $2.09 | $4.97 | $6.33 | -$13.61 | |
| EPS (diluted) | $1.72 | $2.35 | $2.26 | $3.14 | $3.12 | $2.28 | $2.07 | $4.95 | $6.31 | -$13.62 | |
| Shares (basic, weighted) | 319M | 345M | 390M | 413M | 571M | 583M | 575M | 543M | 522M | 491M | |
| Shares (diluted, weighted) | 328M | 353M | 399M | 420M | 579M | 591M | 582M | 546M | 524M | 491M | |
| Depreciation & amortization | $278M | $361M | $495M | $643M | $1.26B | $1.48B | $1.55B | $1.29B | $1.24B | $1.28B | |
| EBITDA | $1.66B | $1.75B | $2.21B | $2.84B | $4.76B | $3.95B | $4.18B | $5.62B | $6.2B | -$5.14B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-02