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CNC · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 9.9% y/y to $53.58B, operating margin 2.2% vs −0.9%, net income $1.09B.
Net earnings (loss) attributable to Centene Corporation
$1,091M
Total revenues
$53,579M
up 9.9% y/y
Earnings (loss) from operations
$1,198M
All figures in $M.
| Line item | Amount and change |
|---|---|
| Premium | $43,582 · +4.4% |
| Service | $793 · +9.1% |
| Premium tax | $9,204 · +46.7% |
| Total revenues | $53,579 · +9.9% |
| Cost of services | $729 · +13.7% |
| Medical costs | $39,029 · +0.6% |
| Selling, general and administrative expenses | $3,103 · +2.2% |
| Depreciation expense | $139 · −1.4% |
| Amortization of acquired intangible assets | $161 · −6.9% |
| Premium tax expense | $9,220 · +45.3% |
| Earnings (loss) from operations | $1,198 · vs −$458 · 2.2% margin |
| Investment and other income | $435 · +17.3% |
| Gain on debt extinguishment | $6 · vs $0 |
| Interest expense | $153 · −10.0% |
| Earnings (loss) before income tax | $1,486 · vs −$257 |
| Income tax expense | $399 · ×200 · 26.9% effective rate |
| Loss attributable to noncontrolling interests | $4 · −33.3% |
| Net earnings (loss) attributable to Centene Corporation | $1,091 · vs −$253 · $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 as an image: CNC, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “CNC Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/cnc/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/cnc/q2-2026"><img src="https://whoreportstoday.com/t/cnc/q2-2026/sankey.png" alt="CNC Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/cnc/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/cnc/q2-2026">CNC Q2 2026 earnings chart (Who Reports Today)</a>
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- Operating income was $1.20B, a 2.2% margin vs −0.9% a year earlier.
- Diluted EPS was $2.19 vs −$0.51 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
CNC — a health insurer focused on government-sponsored and low-income coverage: it runs state Medicaid plans, Medicare Advantage and Part D drug plans, and individual policies sold through the Health Insurance Marketplace.
It reports four segments: Medicaid, Medicare, Commercial and Other (specialty pharmacy, vision, dental and behavioral health); Medicaid accounted for 57% of 2025 revenue. · Source: annual report (Form 10-K, SEC)
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