Filing Flows

Filing Flows › Financials › Cigna (CI)

Cigna (CI) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Cigna (CI) Q3 2026 earnings results →

Q3 2026 Revenue up 6% year over year to $73.7B · 2¢ of every $1 of revenue kept as net profit · operating margin 3.3%

Cigna made $73.7B in Q3 2026 (+6% Y/Y). Operating margin 3.3%, net earnings $1.4B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$73.7B
Year over year+6%
Operating margin3.3%
Net earnings$1.4B
Operating cash flow$2.6B

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Cigna Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Cigna Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
Embed this chart on your site

Free to use with the credit line. Click a box to select the code.

What changed this quarter

Revenue was $73.7B in Q3 2026, up 6% year over year and up 3% from the previous quarter.

Operating profit was $2.4B, a 3.3% margin (down 0.4 points year over year). Operating profit fell $0.18B even though revenue rose $3.9B versus Q3 2025, so costs grew faster than sales. Total costs grew 6% against revenue growth of 6%. Net earnings were $1.4B, down 23% year over year. The effective tax rate was 19.1%.

Operating cash flow was $2.6B (down 25% year over year), 151% of net income including minority interests. Non-cash charges added back $0.87B of depreciation and amortization.

Quarterly history

Cigna revenue by quarterCigna revenue by quarter$65.5BQ1 2025$67.2BQ2 2025$69.7BQ3 2025$72.5BQ4 2025$68.5BQ1 2026$71.7BQ2 2026$73.7BQ3 2026
Cigna net earnings by quarterCigna net earnings by quarter$1.3BQ1 2025$1.5BQ2 2025$1.9BQ3 2025$1.2BQ4 2025$1.7BQ1 2026$1.7BQ2 2026$1.4BQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$73.7B+6%3.3%$1.4B$2.6B
Q2 202610-QJul 30, 2026$71.7B+7%3.7%$1.7B−$421M
Q1 202610-QApr 30, 2026$68.5B+5%3.4%$1.7B$1.1B
Q4 202510-KFeb 26, 2026$72.5B+10%3.2%$1.2B$6.1B
Q3 202510-QOct 30, 2025$69.7B+10%3.7%$1.9B$3.4B
Q2 202510-QJul 31, 2025$67.2B+11%3.4%$1.5B−$1.9B
Q1 202510-QMay 2, 2025$65.5B+14%3.0%$1.3B$1.9B

Charts

Cigna: revenue growth, year over year and quarter over quarterCigna: revenue growth, year over year and quarter over quarterY/YQ/Q+14%Q1 2025+11%+3%Q2 2025+10%+4%Q3 2025+10%+4%Q4 2025+5%-5%Q1 2026+7%+5%Q2 2026+6%+3%Q3 2026
Latest (Q3 2026): Y/Y +6%, Q/Q +3%.
Cigna: where the cash came from (+) and went (−), TTM to Q3 2026Cigna: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$9.4BOther investing−$3.5BNet borrowing (+) / repaid (−)−$3.1BDividends−$1.6BBuybacks−$1.5BAsset & business sales$664MOther financing−$347MShares issued$216MCash drawn (+) / kept (−)−$141MExchange rates−$13.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Cigna: profit against cash, quarter by quarterCigna: profit against cash, quarter by quarterNet incomeOperating cash flow$1.5B$5.2BQ4 2024$1.4B$1.9BQ1 2025$1.6B−$1.9BQ2 2025$2.0B$3.4BQ3 2025$1.3B$6.1BQ4 2025$1.9B$1.1BQ1 2026$1.9B−$421MQ2 2026$1.7B$2.6BQ3 2026
Latest (Q3 2026): Net income $1.7B, Operating cash flow $2.6B.
Cigna: diluted shares by fiscal yearCigna: diluted shares by fiscal year368MFY2020341MFY2021313MFY2022297MFY2023283MFY2024269MFY2025
-27.1% since FY2020: buybacks shrank the count.
Cigna: long-term debt falling due (FY2025)Cigna: long-term debt falling due (FY2025)$550M2026$2.4B2027$3.8B2028$1.0B2029$2.4B2030$21.5BLater
Cash $7.7B, short-term investments $1.1B, long-term debt — at 2025-12-31.
Cigna in its industry: growth against margin (10 companies, SIC 6324)Cigna in its industry: growth against margin (10 companies, SIC 6324)revenue growth, year over year →↑ operating marginmedian +10%median 2%UNHELVCNCHUMMOHOSCRALHCCLOVTRUPCI (+6%, 3%)
Hospital & Medical Service Plans; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

Customers and suppliers named in filings

Buys from

About Cigna

The Cigna Group ® , together with its subsidiaries (either individually or collectively referred to as the "Company," "we," "us" or "our"), is a global health company. At The Cigna Group our global workforce of approximately 67,700 colleagues strives to fulfill our mission to improve the health and vitality of more than 185 million customer relationships in more than 30 markets and jurisdictions (as of December 31, 2025). We play an important role in the health care system, and the breadth and depth of our customer relationships - as well as our approximately 1.7 million relationships with health care providers, clinics and facilities - give us opportunities to drive positive change.

In its own words, from its 10-K, filed Feb 26, 2026.

Cigna against its Hospital & Medical Service Plans peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +6%. Operating margin: 3.3% against the peers' median 1.0%.

CompanyQuarterRevenueY/YOp. margin
CI CignaQ3 2026$73.7B+6%3.3%
UNH UnitedHealth GroupQ3 2026$112.7B-0.4%5.8%
ELV Elevance HealthQ3 2026$51.4B+1%2.5%
CNC CenteneQ3 2026$50.6B+2%-0.6%
HUM HumanaQ3 2026$41.2B+26%0.2%
MOH Molina HealthcareQ3 2026$11.1B-3%1.0%
OSCR Oscar HealthQ3 2026$5.1B+72%3.5%
ALHC Alignment HealthcareQ3 2026$1.4B+37%-0.3%
CLOV Clover Health InvestmentsQ3 2026$759M+53%0.8%

Source: Cigna 10-Q on SEC EDGAR · CIK 1739940 · Hospital & Medical Service Plans

Guidance and outlook

Cigna: what its forward-looking statements are about (10-Q filed 2026-11-05)Cigna: what its forward-looking statements are about (10-Q filed 2026-11-05)Other5Costs2Financing2Demand1Buybacks & dividends1The economy1
12 statements; tone +0.08 (−1 all cautious, +1 all confident); 2 hedged.
Cigna: outlook statements against the filing beforeCigna: outlook statements against the filing beforeNew3Confident3Cautious2

13F: who owns CI and who is buying

Largest holders of CI (13F)Largest holders of CI (13F)Vanguard Group$7.2BBlackRock$6.5BVanguard Capital Management LLC$4.8BState Street$3.5BDodge & COX$3.4BMassachusetts Financial Services$2.9BSanders Capital, LLC$2.7BFMR LLC$2.2BGeode Capital Management, LLC$1.7BVanguard Portfolio Management LLC$1.7B
Funds' net buying of CI by quarter (13F)Funds' net buying of CI by quarter (13F)$144M2024-09−$145M2024-12−$1.1B2025-03−$1.9B2025-06$140M2025-09$42.7M2025-12$834M2026-03−$557M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CI

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

Compare CI with

中文版:Cigna(CI)财报

Español · Français