Filing Flows › HCA Healthcare (HCA) › Q2 2026 › vs Q2 2025
HCA Healthcare (HCA) Q2 2026 vs Q2 2025 (year over year)
HCA Healthcare's revenue rose $1.6B (+9%) from $18.6B in Q2 2025 to $20.2B in Q2 2026. Operating margin 12.3% against 13.0% (-0.7 pts).
HCA Healthcare, Q2 2026: revenue $20.2B (+9% year over year), operating margin 12.3%, net earnings $1.7B, operating cash flow $2.3B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 12.3% | 13.0% | -0.7 pts |
| Net margin | 8.4% | 8.9% | -0.5 pts |
| Free cash flow margin | 5.5% | 16.3% | -10.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $20.2B | $18.6B | $1.6B | +9% |
| Operating profit | $2.5B | $2.4B | $79.0M | +3% |
| Costs & expenses | $17.7B | $16.2B | $1.5B | +10% |
| Pre-tax earnings | $2.5B | $2.4B | $79.0M | +3% |
| General & admin | $148M | $130M | $18.0M | +14% |
| Other operating costs | $17.6B | $16.1B | $1.5B | +10% |
| Net earnings | $1.7B | $1.7B | $46.0M | +3% |
| Minority interests | $231M | $238M | −$7.0M | -3% |
| Income tax | $564M | $524M | $40.0M | +8% |
| Depreciation & amortization | $944M | $863M | $81.0M | +9% |
| Share-based compensation | $85.0M | $99.0M | −$14.0M | -14% |
| Working capital & other | $393M | −$1.6B | $2.0B | — |
| Operating cash flow | $2.3B | $4.2B | −$1.9B | -45% |
| Free cash flow (OCF − capex) | $1.1B | $3.0B | −$1.9B | -64% |
| Capital expenditures | $1.2B | $1.2B | $55.0M | +5% |
Questions
How much did HCA Healthcare's revenue grow year over year in Q2 2026?
HCA Healthcare's revenue rose $1.6B (+9%) from $18.6B in Q2 2025 to $20.2B in Q2 2026. Operating margin 12.3% against 13.0% (-0.7 pts).