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How Humana (HUM) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · quarter ended 06/30/2026 · reported 07/29/2026
Humana Inc. is an American for-profit health insurance company based in Louisville, Kentucky. · Text: Wikipedia, CC BY-SA 4.0, abridged
More about the company
In 2024, the company ranked 92 on the Fortune 500 list. It is the fourth largest health insurance provider in the U.S.
Key growth driver: Premiums — the fastest-growing revenue line: $38,834, +26% y/y. · by the Q2 2026 report
How does Humana make money?
Humana brought in $40.9 billion of revenue in Q2 2026, up 26.2% year over year. The largest source was Premiums: $38.8 billion, or 95% of the total, followed by Services ($1.78B, 4%) and Net investment income ($253M, 0.6%). Net income for the quarter was $694 million, up 27.3% year over year.
Revenue by source, Q2 2026
- Premiums$38.8B · 95% · +26.4%
- Services$1.78B · 4% · +27.1%
- Net investment income$253M · 0.6% · −7.0%
Shares of $40.9B 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 HUM’s next earnings date?
Wednesday, November 4, 2026estimated
Expected around Nov 4 — based on last year’s report on Nov 5, 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 HUM announces it.
Same quarter a year ago (ended September 30, 2025): revenue $32.65B, EPS (GAAP) $1.62
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
What time does HUM report? Usually before market open: the last 4 results releases reached the SEC at 6:19 am, 6:06 am, 6:40 am, 6:11 am ET.
Last report: Jul 29, 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
$40,867
+26.2%
Operating income
$1,360
+23.9%
3.3% margin
Net income
$694
+27.3%
$5.73/sh · 1.7% margin
Verdict: revenue grew 26.2% y/y to $40.87B, operating margin 3.3% vs 3.4%, net income $694M (+27.3% y/y).
Source and notation
Source: Humana press release, 8-K EX-99.1 of 07/29/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against the company's 10-Q.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
HUM earnings history: past report dates
| Jul 29, 2026 Wed | 6:19 ambefore market open | Jun 30, 2026 | $40.9B+26% y/y | $5.73+27% y/y |
| Apr 29, 2026 Wed | 6:06 ambefore market open | Mar 31, 2026 | $39.6B+23% y/y | $9.83−5% y/y |
| Feb 11, 2026 Wed | 6:40 ambefore market open | Dec 31, 2025 | ≈$32.5B+11% y/y | ≈−$6.59−15% y/y |
| Nov 5, 2025 Wed | 6:11 ambefore market open | Sep 30, 2025 | $32.6B+11% y/y | $1.62−59% y/y |
| Jul 30, 2025 Wed | 6:07 ambefore market open | Jun 30, 2025 | $32.4B+10% y/y | $4.51−20% y/y |
| Apr 30, 2025 Wed | 6:05 ambefore market open | Mar 31, 2025 | $32.1B+8% y/y | $10.30+69% y/y |
| Feb 11, 2025 Tue | 6:41 ambefore market open | Dec 31, 2024 | ≈$29.2B+10% y/y | ≈−$5.73−35% y/y |
| Oct 30, 2024 Wed | 6:42 ambefore market open | Sep 30, 2024 | $29.4B+11% y/y | $3.98−41% y/y |
| Jul 31, 2024 Wed | 6:41 ambefore market open | Jun 30, 2024 | $29.5B+10% y/y | $5.62−27% y/y |
| Apr 24, 2024 Wed | 6:38 ambefore market open | Mar 31, 2024 | $29.6B+11% y/y | $6.11−38% y/y |
| Jan 18, 2024 Thu | 6:37 ambefore market open | Dec 31, 2023 | ≈$26.5B+18% y/y | ≈−$4.24 |
| Nov 1, 2023 Wed | 6:46 ambefore market open | Sep 30, 2023 | $26.4B+16% y/y | $6.71−29% y/y |
| Aug 2, 2023 Wed | 6:41 ambefore market open | Jun 30, 2023 | $26.7B+13% y/y | $7.66+40% y/y |
| Apr 26, 2023 Wed | 6:37 ambefore market open | Mar 31, 2023 | $26.7B+12% y/y | $9.87+35% y/y |
| Feb 1, 2023 Wed | 6:35 ambefore market open | Dec 31, 2022 | ≈$22.4B+7% y/y | ≈−$0.08+20% y/y |
Show all 15 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.
Humana: 15-year financials
| 2025 | 129,664 | 2,704 | 1,188 | 375 | 430 |
| 2024 | 117,761 | 2,562 | 1,207 | 2,391 | 431 |
| 2023 | 106,374 | 4,013 | 2,489 | 2,977 | 431 |
| 2022 | 92,870 | 3,800 | 2,806 | 3,450 | 98 |
| 2021 | 83,064 | 3,148 | 2,933 | 920 | 90 |
| 2020 | 77,155 | 4,986 | 3,367 | 4,675 | 323 |
| 2019 | 64,888 | 3,192 | 2,707 | 4,548 | 291 |
| 2018 | 56,912 | 3,100 | 1,683 | 1,561 | 265 |
| 2017 | 53,767 | 4,262 | 2,448 | 3,527 | 220 |
| 2016 | 54,379 | 1,741 | 614 | 1,409 | 177 |
| 2015 | 54,289 | 2,347 | 1,276 | 345 | 172 |
| 2014 | 48,500 | 2,362 | 1,147 | 1,090 | 172 |
| 2013 | 41,313 | 2,061 | 1,231 | 1,275 | 168 |
| 2012 | 39,126 | 2,016 | 1,222 | 1,513 | 165 |
| 2011 | 36,832 | 2,344 | 1,419 | 1,733 | 82 |
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 Mar 31, 2026: $18.6B (34% of total assets). Compare with other S&P 500 companies →
Included in screener lists: S&P 500 companies that paid dividends 10 years without a gap
Humana (HUM) earnings: FAQ
How does Humana make money?
Humana brought in $40.9 billion of revenue in Q2 2026, up 26.2% year over year. The largest source was Premiums: $38.8 billion, or 95% of the total, followed by Services ($1.78B, 4%) and Net investment income ($253M, 0.6%). Net income for the quarter was $694 million, up 27.3% year over year.
When is HUM's next earnings date?
We have not yet seen an announcement of the date from Humana (HUM). Based on last year's report on Nov 5, 2025, the next report is expected around Nov 4, 2026.
What time does HUM report earnings?
Humana usually reports before market open: its latest results release was filed with the SEC at 6:19 am ET on Jul 29, 2026.
When did HUM last report earnings?
Humana reported Q2 2026 results on Jul 29, 2026.
Where can I find Humana'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 HUM's filings; this page breaks the latest report down in a Sankey chart.
What was HUM's net income in Q2 2026?
Humana reported net income of $694M for Q2 2026 (+27.3% year over year), under US GAAP.
Does Humana pay dividends?
Yes. In 2025, Humana paid $430M in dividends on its common stock, per its 10-K. Earlier years are in the 15-year table above.
How has Humana's revenue changed since 2011?
Per its 10-K filings, revenue grew 3.5x: $36,832M in 2011 and $129,664M 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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