Centene Corporation (CNC) Financials
Key financial figures for Centene Corporation (Q3 2026).
Centene lifted its 2026 adjusted diluted EPS floor by $0.40 to greater than $5.20 after a Q3 adjusted EPS of $0.58 and a 92.7% health benefits ratio, while GAAP EPS was a $0.14 loss. Total revenues were $50,647 million and premium and service revenues $45,105 million (up 0.5% from $44,898 million a year earlier); GAAP diluted loss per share was $(0.14) against $(13.50) in Q3 2025, which carried a $6,723 million goodwill impairment. Adjusted diluted EPS was $0.58 versus $0.50 a year earlier; the GAAP loss includes $276 million of severance and contract exit costs and a 46.7% effective tax rate for the quarter. The health benefits ratio was 92.7%, unchanged from Q3 2025; Medicare was 93.8% (94.3% a year earlier), Medicaid 93.6% (93.4%) and Commercial 89.0% (89.9%). On the outlook: Full year 2026: GAAP diluted EPS greater than $3.46 and adjusted diluted EPS greater than $5.20 (adjusted raised by $0.40 from the prior greater than $4.80); HBR 90.4% to 91.1% (previously 90.5% to 91.3%); total revenues $196.5 billion to $200.5 billion (previously $193.5 billion to $197.5 billion); premium and service revenues $173.0 billion to $177.0 billion; SG&A expense ratio 7.2% to 7.8%; interest expense $600 million to $620 million. Figures are for Q3 2026, as Centene Corporation reported them.
- Revenue
- $50.6B
- Net Income
- -$71M
- EPS
- $-0.14
- Total Assets
- $79.3B
- Operating Cash Flow
- -$3.7B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $50.6B | -$71M | -$0.14 | -0.61% | -$3.9B |
| Q2 FY2026 | $44.4B | $1.1B | $2.19 | 3.1% | $4.2B |
| Q1 FY2026 | $49.9B | $1.5B | $3.11 | 3.73% | $3.4B |
| Q4 FY2025 | $49.7B | -$1.1B | -$2.24 | -3.5% | $224M |
| Q3 FY2025 | $49.7B | -$6.6B | -$13.50 | -13.99% | $1.1B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $194.8B | -$6.7B | -$13.53 | -3.91% | $4.3B |
| FY2024 | $163.1B | $3.3B | $6.31 | 1.95% | -$490M |
| FY2023 | $154.0B | $2.7B | $4.95 | 1.9% | $7.3B |
Frequently asked questions
What was Centene Corporation's revenue last quarter?
Centene Corporation reported revenue of $50.65 billion for Q3 FY2026, up 1.9% from the same period a year earlier.
Is Centene Corporation profitable?
Not in its most recent reported period. Centene Corporation reported a net loss of $71.0 million for Q3 FY2026, a net margin of -0.14% on revenue.
How has Centene Corporation's margin trended?
Operating margin was -0.61% in Q3 FY2026, compared with -13.99% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Centene Corporation generate?
Centene Corporation generated free cash flow of -$3.86 billion in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Centene Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.