Filing Flows › HCA Healthcare (HCA) › Q3 2026 › vs Q2 2026
HCA Healthcare (HCA) Q3 2026 vs Q2 2026 (quarter over quarter)
HCA Healthcare's revenue fell $381M (-2%) from $20.2B in Q2 2026 to $19.8B in Q3 2026. Operating margin 11.9% against 12.3% (-0.4 pts).
HCA Healthcare, Q3 2026: revenue $19.8B (+4% year over year), operating margin 11.9%, net earnings $1.6B, operating cash flow $4.5B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 11.9% | 12.3% | -0.4 pts |
| Net margin | 8.0% | 8.4% | -0.4 pts |
| Free cash flow margin | 15.6% | 5.5% | +10.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $19.8B | $20.2B | −$381M | -2% |
| Operating profit | $2.4B | $2.5B | −$124M | -5% |
| Costs & expenses | $17.5B | $17.7B | −$257M | -1% |
| Pre-tax earnings | $2.4B | $2.5B | −$124M | -5% |
| General & admin | $146M | $148M | −$2.0M | -1% |
| Other operating costs | $17.3B | $17.6B | −$255M | -1% |
| Net earnings | $1.6B | $1.7B | −$120M | -7% |
| Minority interests | $270M | $231M | $39.0M | +17% |
| Income tax | $521M | $564M | −$43.0M | -8% |
| Depreciation & amortization | $954M | $944M | $10.0M | +1% |
| Share-based compensation | $133M | $85.0M | $48.0M | +56% |
| Working capital & other | $1.8B | −$393M | $2.2B | — |
| Operating cash flow | $4.5B | $2.3B | $2.1B | +91% |
| Free cash flow (OCF − capex) | $3.1B | $1.1B | $2.0B | +181% |
| Capital expenditures | $1.4B | $1.2B | $126M | +10% |
Questions
How much did HCA Healthcare's revenue grow quarter over quarter in Q3 2026?
HCA Healthcare's revenue fell $381M (-2%) from $20.2B in Q2 2026 to $19.8B in Q3 2026. Operating margin 11.9% against 12.3% (-0.4 pts).