Filing Flows › Humana (HUM) › Q2 2026 › vs Q2 2025
Humana (HUM) Q2 2026 vs Q2 2025 (year over year)
Humana's revenue rose $8.5B (+26%) from $32.4B in Q2 2025 to $40.9B in Q2 2026. Operating margin 3.3% against 3.4% (-0.1 pts).
Humana, Q2 2026: revenue $40.9B (+26% year over year), operating margin 3.3%, net earnings $693M, operating cash flow $2.0B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 3.3% | 3.4% | -0.1 pts |
| Net margin | 1.7% | 1.7% | +0.0 pts |
| Free cash flow margin | 4.5% | 3.6% | +0.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $40.9B | $32.4B | $8.5B | +26% |
| Operating profit | $1.4B | $1.1B | $262M | +24% |
| Costs & expenses | $39.5B | $31.3B | $8.2B | +26% |
| Pre-tax earnings | $931M | $722M | $209M | +29% |
| Other expense, net | $429M | $376M | $53.0M | +14% |
| SG&A | $4.0B | $3.5B | $431M | +12% |
| Other operating costs | $35.5B | $27.7B | $7.8B | +28% |
| Net earnings | $693M | $543M | $150M | +28% |
| Income tax | $238M | $179M | $59.0M | +33% |
| Depreciation & amortization | $159M | $178M | −$19.0M | -11% |
| Share-based compensation | $65.0M | $61.0M | $4.0M | +7% |
| Working capital & other | $1.0B | $489M | $560M | +115% |
| Operating cash flow | $2.0B | $1.3B | $695M | +55% |
| Free cash flow (OCF − capex) | $1.8B | $1.2B | $677M | +59% |
| Capital expenditures | $132M | $114M | $18.0M | +16% |
Questions
How much did Humana's revenue grow year over year in Q2 2026?
Humana's revenue rose $8.5B (+26%) from $32.4B in Q2 2025 to $40.9B in Q2 2026. Operating margin 3.3% against 3.4% (-0.1 pts).