Filing Flows › Humana (HUM) › Q2 2026
Humana (HUM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Humana (HUM) reported revenue of $40.9B for the second quarter 2026 (Q2 2026), +26% from a year earlier and +3% from the quarter before. Operating margin was 3.3%, net earnings $693M (1.7% of revenue).
Humana, Q2 2026: revenue $40.9B (+26% year over year), operating margin 3.3%, net earnings $693M, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $40.9B | +3% | +26% |
| Operating profit | $1.4B | -22% | +24% |
| Net earnings | $693M | -41% | +28% |
| Operating cash flow | $2.0B | +57% | +55% |
| Free cash flow | $1.8B | +62% | +59% |
What changed
Revenue was $40.9B in Q2 2026, up 26% year over year and up 3% from the previous quarter.
Operating profit was $1.4B, a 3.3% margin (down 0.1 points year over year). Of the extra revenue versus Q2 2025, 3% reached operating profit, below the 3% margin then. Total costs grew 26% against revenue growth of 26%. The fastest-growing cost line was Other operating costs (+28%). Net earnings were $0.69B, up 27% year over year. The effective tax rate was 25.6%.
Operating cash flow was $2.0B (up 55% year over year), 284% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items added $1.0B. Capital expenditures of $0.13B left free cash flow of $1.8B.
Questions
What was Humana's revenue in the second quarter 2026?
Humana (HUM) reported revenue of $40.9B for the second quarter 2026 (Q2 2026), +26% from a year earlier and +3% from the quarter before.
Was Humana profitable in the second quarter 2026?
Operating profit was $1.4B (3.3% of revenue) and net earnings $693M.
Source: Humana 10-Q on SEC EDGAR.