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Cigna (CI) Q2 2025 earnings results (second quarter 2025)

10-Q filed Jul 31, 2025

Cigna (CI) reported revenue of $67.2B for the second quarter 2025 (Q2 2025), +11% from a year earlier and +3% from the quarter before. Operating margin was 3.4%, net earnings $1.5B (2.3% of revenue).

Revenue$67.2B
Year over year+11%
Quarter over quarter+3%
Operating margin3.4%
Net earnings$1.5B

Cigna, Q2 2025: revenue $67.2B (+11% year over year), operating margin 3.4%, net earnings $1.5B, operating cash flow −$1.9B. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$67.2B+3%+11%
Operating profit$2.3B+17%-4%
Net earnings$1.5B+16%-1%
Operating cash flow−$1.9B-198%—

What changed

Revenue was $67.2B in Q2 2025, up 11% year over year and up 3% from the previous quarter.

Operating profit was $2.3B, a 3.4% margin (down 0.6 points year over year). Operating profit fell $0.11B even though revenue rose $6.7B versus a year earlier, so costs grew faster than sales. Total costs grew 12% against revenue growth of 11%. The fastest-growing cost line was Cost of revenue (+20%). Net earnings were $1.5B, down 1% year over year. The effective tax rate was 19.2%.

Operating cash flow was −$1.9B. Non-cash charges added back $0.68B of depreciation and amortization. Working capital and other items used $4.2B.

Questions

What was Cigna's revenue in the second quarter 2025?

Cigna (CI) reported revenue of $67.2B for the second quarter 2025 (Q2 2025), +11% from a year earlier and +3% from the quarter before.

Was Cigna profitable in the second quarter 2025?

Operating profit was $2.3B (3.4% of revenue) and net earnings $1.5B.

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Source: Cigna 10-Q on SEC EDGAR.