Filing Flows › Davita (DVA) › Q3 2026 › vs Q3 2025
Davita (DVA) Q3 2026 vs Q3 2025 (year over year)
Davita's revenue rose $158M (+5%) from $3.4B in Q3 2025 to $3.6B in Q3 2026. The biggest changes: Other - Ancillary Services +$97.5M (+22%); U. S. Dialysis and Related Lab Services +$60.4M (+2%). Operating margin 14.0% against 14.8% (-0.8 pts).
Davita, Q3 2026: revenue $3.6B (+5% year over year), operating margin 14.0%, net earnings $223M, operating cash flow $519M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 14.0% | 14.8% | -0.8 pts |
| Net margin | 6.2% | 4.4% | +1.8 pts |
| Free cash flow margin | 7.7% | 17.6% | -9.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| U. S. Dialysis and Related Lab Services | $3.0B | $3.0B | $60.4M | +2% |
| Other - Ancillary Services | $550M | $452M | $97.5M | +22% |
| Revenue | $3.6B | $3.4B | $158M | +5% |
| Operating profit | $499M | $506M | −$6.5M | -1% |
| Costs & expenses | $3.1B | $2.9B | $164M | +6% |
| Pre-tax earnings | $359M | $309M | $49.9M | +16% |
| Other expense, net | $141M | $197M | −$56.4M | -29% |
| General & admin | $409M | $414M | −$5.7M | -1% |
| Other operating costs | $2.7B | $2.5B | $170M | +7% |
| Net earnings | $223M | $150M | $72.6M | +48% |
| Minority interests | $46.5M | $89.9M | −$43.5M | -48% |
| Income tax | $89.3M | $68.6M | $20.8M | +30% |
| Depreciation & amortization | $165M | $177M | −$12.3M | -7% |
| Share-based compensation | $29.2M | $39.0M | −$9.8M | -25% |
| Working capital & other | $102M | $475M | −$373M | -79% |
| Operating cash flow | $519M | $842M | −$323M | -38% |
| Free cash flow (company-reported) | $276M | $603M | −$327M | -54% |
| Maintenance capital expenditures, net | $102M | $110M | −$8.0M | -7% |
| Distributions to noncontrolling interests | $94.0M | $82.0M | $12.0M | +15% |
| Development capital expenditures | $47.0M | $47.0M | $0 | 0% |
Questions
How much did Davita's revenue grow year over year in Q3 2026?
Davita's revenue rose $158M (+5%) from $3.4B in Q3 2025 to $3.6B in Q3 2026.
What drove Davita's revenue change in Q3 2026?
Other - Ancillary Services +$97.5M (+22%); U.