Filing Flows › Humana (HUM) › Q3 2026
Humana (HUM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Humana (HUM) reported revenue of $41.2B for the third quarter 2026 (Q3 2026), +26% from a year earlier and +0.7% from the quarter before. Operating margin was 0.2%, net earnings $161M (0.4% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.2B | +0.7% | +26% |
| Operating profit | $75.0M | -94% | -81% |
| Net earnings | $161M | -77% | -17% |
| Operating cash flow | $2.2B | +10% | +123% |
| Free cash flow | $2.0B | +10% | +142% |
What changed
Revenue was $41.2B in Q3 2026, up 26% year over year and up 1% from the previous quarter.
Operating profit was $0.07B, a 0.2% margin (down 1.0 points year over year). Operating profit fell $0.33B even though revenue rose $8.5B versus Q3 2025, so costs grew faster than sales. Total costs grew 27% against revenue growth of 26%. The fastest-growing cost line was Other operating costs (+30%). Net earnings were $0.16B, down 17% year over year. The effective tax rate was 19.9%. Non-operating items added $0.13B, 63% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.2B (up 123% year over year), 1343% 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 $1.8B. Capital expenditures of $0.14B left free cash flow of $2.0B.
Questions
What was Humana's revenue in the third quarter 2026?
Humana (HUM) reported revenue of $41.2B for the third quarter 2026 (Q3 2026), +26% from a year earlier and +0.7% from the quarter before.
Was Humana profitable in the third quarter 2026?
Operating profit was $75.0M (0.2% of revenue) and net earnings $161M.
Source: Humana 10-Q on SEC EDGAR.