Filing Flows › HCA Healthcare (HCA) › How it makes money
How HCA Healthcare (HCA) makes money
HCA Healthcare (HCA) made $19.8B of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 12¢ was left as operating profit, 8¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $19.8B | 100.0% |
| Operating profit | $2.4B | 11.9% |
| Income tax | $521M | 2.6% |
| Net earnings | $1.6B | 8.0% |
| Operating cash flow | $4.5B | 22.5% |
| Free cash flow | $3.1B | 15.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $19.8B | +4% |
| Q2 2026 | $20.2B | +9% |
| Q1 2026 | $19.1B | +4% |
| Q4 2025 | $19.5B | +7% |
| Q3 2025 | $19.2B | +10% |
| Q2 2025 | $18.6B | +6% |
| Q1 2025 | $18.3B | +6% |
From HCA Healthcare's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does HCA Healthcare make money?
HCA Healthcare (HCA) made $19.8B of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 12¢ was left as operating profit, 8¢ was left as net earnings.
What is HCA Healthcare's profit margin?
Net earnings were $1.6B, 8.0% of revenue, in the third quarter 2026; the operating margin was 11.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.