Filing Flows › Davita (DVA) › Q1 2026
Davita (DVA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Davita (DVA) reported revenue of $3.4B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -6% from the quarter before. Operating margin was 14.1%, net earnings $198M (5.8% of revenue).
Davita, Q1 2026: revenue $3.4B (+6% year over year), operating margin 14.1%, net earnings $198M, operating cash flow $321M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | -6% | +6% |
| Operating profit | $482M | -14% | +10% |
| Net earnings | $198M | -16% | +21% |
| Operating cash flow | $321M | -41% | +78% |
| Free cash flow | $140M | — | — |
What changed
Revenue was $3.4B in Q1 2026, up 6% year over year and down 6% from the previous quarter. U. S. Dialysis and Related Lab Services was the largest line at 86% of revenue. U. S. Dialysis and Related Lab Services added $0.11B year over year (up 4%), 57% of the total change.
Operating profit was $0.48B, a 14.1% margin (up 0.5 points year over year). Of the extra revenue versus Q1 2025, 22% reached operating profit, above the 14% margin then. Total costs grew 5% against revenue growth of 6%. The fastest-growing cost line was General & admin (+13%). Net earnings were $0.20B, up 21% year over year. The effective tax rate was 19.4%.
Operating cash flow was $0.32B (up 78% year over year), 117% of net income including minority interests. Non-cash charges added back $0.18B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.16B. After distributions to noncontrolling interests, net ($0.08B) and maintenance capital expenditures ($0.07B) and development capital expenditures ($0.03B), free cash flow as the company reports it was $0.14B.
Questions
What was Davita's revenue in the first quarter 2026?
Davita (DVA) reported revenue of $3.4B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -6% from the quarter before.
Was Davita profitable in the first quarter 2026?
Operating profit was $482M (14.1% of revenue) and net earnings $198M.
Source: Davita 10-Q on SEC EDGAR.