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How Centene (CNC) makes money
Centene (CNC) made $50.6B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Medicaid brought in $29.6B (58%); Medicare brought in $11.3B (22%); Commercial brought in $8.7B (17%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Medicaid | $29.6B | 58.4% | -7% | +6% |
| Medicare | $11.3B | 22.2% | +2% | +20% |
| Commercial | $8.7B | 17.2% | -7% | -21% |
| Other | $1.1B | 2.2% | -8% | -18% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $50.6B | 100.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $50.6B | +2% |
| Q2 2026 | $53.6B | +10% |
| Q1 2026 | $49.9B | +7% |
| Q4 2025 | $49.7B | +22% |
| Q3 2025 | $49.7B | +18% |
| Q2 2025 | $48.7B | +22% |
| Q1 2025 | $46.6B | +15% |
From Centene's 10-Q filed Oct 27, 2026 (on EDGAR).
Questions
How does Centene make money?
Centene (CNC) made $50.6B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Medicaid brought in $29.6B (58%); Medicare brought in $11.3B (22%); Commercial brought in $8.7B (17%).
What is Centene's biggest business?
Medicaid: $29.6B in the third quarter 2026, 58% of revenue, +6% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.