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How Centene Corporation (CNC) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · quarter ended 06/30/2026 · reported 07/28/2026
Centene Corporation is an American for-profit healthcare company that serves as an intermediary for government-sponsored and privately insured healthcare programs. · Text: Wikipedia, CC BY-SA 4.0, abridged
More about the company
Based in Clayton, Missouri, Centene ranked No. 23 on the 2025 Fortune 500.
Key growth driver: Premium tax — the fastest-growing revenue line: $9,204, +47% y/y. · by the Q2 2026 report
How does Centene make money?
Centene brought in $53.6 billion of revenue in Q2 2026, up 9.9% year over year. The largest source was Premium: $43.6 billion, or 81% of the total, followed by Premium tax ($9.20B, 17%) and Service ($793M, 1%). Net income for the quarter was $1.09 billion.
Revenue by source, Q2 2026
- Premium$43.6B · 81% · +4.4%
- Premium tax$9.20B · 17% · +46.7%
- Service$793M · 1% · +9.1%
Shares of $53.6B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is CNC’s next earnings date?
Wednesday, October 28, 2026estimated
Expected around Oct 28 — based on last year’s report on Oct 29, 2025. We have not yet seen the company's announcement of the date.
How we estimate
The estimate is the date of the same-quarter report a year ago, per the company’s SEC filing, moved forward 52 weeks (same weekday). Companies usually keep the same week; the date will be replaced once CNC announces it.
Same quarter a year ago (ended September 30, 2025): revenue $49.7B, EPS (GAAP) −$13.50
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
What time does CNC report? Usually before market open: the last 4 results releases reached the SEC at 7:38 pm, 8:08 pm, 8:52 pm, 8:02 pm ET, each the evening before the release.
Last report: Jul 28, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates: company announcements; past dates and times — SEC 8-K filings. Who else reports this week →
All figures in $M.
Revenue
$53,579
+9.9%
Operating income
$1,198
2.2% margin
Net income
$1,091
$2.19/sh · 2.0% margin
Verdict: revenue grew 9.9% y/y to $53.58B, operating margin 2.2% vs 0.9%, net income $1.09B.
Source and notation
Source: Centene press release, 8-K EX-99.1 of 07/28/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
CNC earnings history: past report dates
| Jul 28, 2026 Tue | before market open | Jun 30, 2026 | $53.6B+10% y/y | $2.19 |
| Apr 28, 2026 Tue | before market open | Mar 31, 2026 | $49.9B+7% y/y | $3.11+18% y/y |
| Feb 6, 2026 Fri | before market open | Dec 31, 2025 | ≈$49.7B+22% y/y | ≈−$2.15 |
| Oct 29, 2025 Wed | before market open | Sep 30, 2025 | $49.7B+18% y/y | −$13.50 |
| Jul 25, 2025 Fri | before market open | Jun 30, 2025 | $48.7B+22% y/y | −$0.51 |
| Apr 25, 2025 Fri | before market open | Mar 31, 2025 | $46.6B+15% y/y | $2.63+22% y/y |
| Feb 4, 2025 Tue | before market open | Dec 31, 2024 | ≈$40.8B+3% y/y | ≈$0.63+425% y/y |
| Oct 25, 2024 Fri | before market open | Sep 30, 2024 | $42.0B+10% y/y | $1.36+56% y/y |
| Jul 23, 2024 Tue | 6:02 ambefore market open | Jun 30, 2024 | $39.8B+6% y/y | $2.16+13% y/y |
| Apr 26, 2024 Fri | before market open | Mar 31, 2024 | $40.4B+4% y/y | $2.16+6% y/y |
| Feb 6, 2024 Tue | before market open | Dec 31, 2023 | ≈$39.5B+11% y/y | ≈$0.12 |
| Oct 24, 2023 Tue | before market open | Sep 30, 2023 | $38.0B+6% y/y | $0.87−31% y/y |
| Jul 28, 2023 Fri | before market open | Jun 30, 2023 | $37.6B+5% y/y | $1.92 |
| Apr 25, 2023 Tue | before market open | Mar 31, 2023 | $38.9B+5% y/y | $2.04+42% y/y |
Show all 14 reports since 2023Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Centene Corporation: 15-year financials
| 2025 | 194,777 | −7,623 | −6,674 | 4,321 |
| 2024 | 163,071 | 3,175 | 3,305 | −490 |
| 2023 | 153,999 | 2,930 | 2,702 | 7,254 |
| 2022 | 144,547 | 1,318 | 1,202 | 5,257 |
| 2021 | 125,982 | 1,784 | 1,347 | 3,295 |
| 2020 | 111,115 | 3,082 | 1,808 | 4,634 |
| 2019 | 74,639 | 1,781 | 1,321 | 753 |
| 2018 | 60,116 | 1,458 | 900 | 559 |
| 2017 | 48,382 | 1,199 | 828 | 1,067 |
| 2016 | 40,607 | 1,263 | 562 | 1,545 |
| 2015 | 22,760 | 705 | 355 | 508 |
| 2014 | 16,560 | 464 | 271 | 1,120 |
| 2013 | 10,863 | 277 | 165 | 314 |
| 2012 | 8,110 | 108 | 2 | 197 |
| 2011 | 5,212 | 204 | 111 | 188 |
Show all 15 yearsShow fewer
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. The table starts in 2011; where the listed issuer changed (holding reorganization, redomicile), earlier years come from the predecessor’s filings.
Shareholders’ equity at Jun 30, 2026: $22.6B (27% of total assets). Compare with other S&P 500 companies →
Included in screener lists: S&P 500 companies with revenue growth 10 years in a row · S&P 500 companies with no net debt
Centene Corporation (CNC) earnings: FAQ
How does Centene make money?
Centene brought in $53.6 billion of revenue in Q2 2026, up 9.9% year over year. The largest source was Premium: $43.6 billion, or 81% of the total, followed by Premium tax ($9.20B, 17%) and Service ($793M, 1%). Net income for the quarter was $1.09 billion.
When is CNC's next earnings date?
We have not yet seen an announcement of the date from Centene Corporation (CNC). Based on last year's report on Oct 29, 2025, the next report is expected around Oct 28, 2026.
What time does CNC report earnings?
Centene Corporation usually reports before market open: its latest results release came out on Jul 28, 2026 (the Form 8-K reached the SEC at 7:38 pm ET the evening before).
When did CNC last report earnings?
Centene Corporation reported Q2 2026 results on Jul 28, 2026.
Where can I find Centene Corporation's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to CNC's filings; this page breaks the latest report down in a Sankey chart.
What was CNC's net income in Q2 2026?
Centene Corporation reported net income of $1,091M for Q2 2026 (vs −$253 year over year), under US GAAP.
How has Centene Corporation's revenue changed since 2011?
Per its 10-K filings, revenue grew 37.4x: $5,212M in 2011 and $194,777M in 2025. The latest year is the highest in the table. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report — two independent automated readings of the release had to match, and every number in the text was checked against it. Figures checked against the filing on 10/16/2026. How we make the breakdowns · Report an error
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