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Humana (HUM) operating margin by quarter

Humana's operating margin was 0.2% in Q3 2026 (third quarter 2026), -3.1 pts from Q2 2026. Over the last 6 quarters it ranged from 0.2% (Q3 2026) to 6.3% (Q1 2025).

Humana operating margin by quarterHumana operating margin by quarter6.3%Q1 20253.4%Q2 20251.2%Q3 20254.4%Q1 20263.3%Q2 20260.2%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 20260.2%-3.1 pts-1.0 pts
Q2 20263.3%-1.1 pts-0.1 pts
Q1 20264.4%+3.2 pts-1.8 pts
Q3 20251.2%-2.2 pts—
Q2 20253.4%-2.9 pts—
Q1 20256.3%——

Q3 2026 at a glance

Humana, Q3 2026: revenue $41.2B (+26% year over year), operating margin 0.2%, net earnings $161M, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.

Questions

What is Humana's operating margin?

Humana's operating margin was 0.2% in Q3 2026 (third quarter 2026), -3.1 pts from Q2 2026.

How has Humana's operating margin changed?

Over the last 6 quarters it ranged from 0.2% (Q3 2026) to 6.3% (Q1 2025).

Q3 2026 results → · How Humana makes money →