Filing Flows › Molina Healthcare (MOH) › Q1 2026
Molina Healthcare (MOH) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 23, 2026
Molina Healthcare (MOH) reported revenue of $10.8B for the first quarter 2026 (Q1 2026), -3% from a year earlier and -5% from the quarter before. Operating margin was 0.8%, net earnings $14.0M (0.1% of revenue).
Molina Healthcare, Q1 2026: revenue $10.8B (-3% year over year), operating margin 0.8%, net earnings $14.0M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.8B | -5% | -3% |
| Operating profit | $83.0M | — | -81% |
| Net earnings | $14.0M | — | -95% |
| Operating cash flow | $1.1B | — | +469% |
| Free cash flow | $1.1B | — | +528% |
What changed
Revenue was $10.8B in Q1 2026, down 3% year over year and down 5% from the previous quarter.
Operating profit was $0.08B, a 0.8% margin (down 3.1 points year over year). Total costs fell 0% while revenue fell 3%. The fastest-growing cost line was Other operating costs (+44%). Net earnings were $0.01B, down 95% year over year. The effective tax rate was 51.7%.
Operating cash flow was $1.1B (up 469% year over year), 7729% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $1.0B. Capital expenditures of $0.03B left free cash flow of $1.1B.
Questions
What was Molina Healthcare's revenue in the first quarter 2026?
Molina Healthcare (MOH) reported revenue of $10.8B for the first quarter 2026 (Q1 2026), -3% from a year earlier and -5% from the quarter before.
Was Molina Healthcare profitable in the first quarter 2026?
Operating profit was $83.0M (0.8% of revenue) and net earnings $14.0M.
Source: Molina Healthcare 10-Q on SEC EDGAR.