Filing Flows › Humana (HUM) › Q1 2025
Humana (HUM) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Humana (HUM) reported revenue of $32.1B for the first quarter 2025 (Q1 2025), +8% from a year earlier and +10% from the quarter before. Operating margin was 6.3%, net earnings $1.2B (3.9% of revenue).
Humana, Q1 2025: revenue $32.1B (+8% year over year), operating margin 6.3%, net earnings $1.2B, operating cash flow $331M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.1B | +10% | +8% |
| Operating profit | $2.0B | — | +63% |
| Net earnings | $1.2B | — | +68% |
| Operating cash flow | $331M | — | -22% |
| Free cash flow | $236M | — | -4% |
What changed
Revenue was $32.1B in Q1 2025, up 8% year over year and up 10% from the previous quarter.
Operating profit was $2.0B, a 6.3% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, above the 4% margin then. Total costs grew 6% against revenue growth of 8%. The fastest-growing cost line was SG&A (+11%). Net earnings were $1.2B, up 68% year over year. The effective tax rate was 24.6%.
Operating cash flow was $0.33B (down 22% year over year), 27% of net earnings. Non-cash charges added back $0.18B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $1.1B. Capital expenditures of $0.10B left free cash flow of $0.24B.
Questions
What was Humana's revenue in the first quarter 2025?
Humana (HUM) reported revenue of $32.1B for the first quarter 2025 (Q1 2025), +8% from a year earlier and +10% from the quarter before.
Was Humana profitable in the first quarter 2025?
Operating profit was $2.0B (6.3% of revenue) and net earnings $1.2B.
Source: Humana 10-Q on SEC EDGAR.