Filing Flows › HCA Healthcare (HCA) › Q2 2026
HCA Healthcare (HCA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
HCA Healthcare (HCA) reported revenue of $20.2B for the second quarter 2026 (Q2 2026), +9% from a year earlier and +6% from the quarter before. Operating margin was 12.3%, net earnings $1.7B (8.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.2B | +6% | +9% |
| Operating profit | $2.5B | +9% | +3% |
| Net earnings | $1.7B | +5% | +3% |
| Operating cash flow | $2.3B | +16% | -45% |
| Free cash flow | $1.1B | +23% | -64% |
What changed
Revenue was $20.2B in Q2 2026, up 9% year over year and up 6% from the previous quarter.
Operating profit was $2.5B, a 12.3% margin (down 0.7 points year over year). Of the extra revenue versus Q2 2025, 5% reached operating profit, below the 13% margin then. Total costs grew 10% against revenue growth of 9%. The fastest-growing cost line was General & admin (+14%). Net earnings were $1.7B, up 3% year over year. The effective tax rate was 22.6%.
Operating cash flow was $2.3B (down 45% year over year), 121% of net income including minority interests. Non-cash charges added back $0.94B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items used $0.62B. Capital expenditures of $1.2B left free cash flow of $1.1B.
Questions
What was HCA Healthcare's revenue in the second quarter 2026?
HCA Healthcare (HCA) reported revenue of $20.2B for the second quarter 2026 (Q2 2026), +9% from a year earlier and +6% from the quarter before.
Was HCA Healthcare profitable in the second quarter 2026?
Operating profit was $2.5B (12.3% of revenue) and net earnings $1.7B.
Source: HCA Healthcare 10-Q on SEC EDGAR.