Filing Flows › Molina Healthcare (MOH) › Q2 2025
Molina Healthcare (MOH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Molina Healthcare (MOH) reported revenue of $11.4B for the second quarter 2025 (Q2 2025), +16% from a year earlier and +3% from the quarter before. Operating margin was 3.3%, net earnings $255M (2.2% of revenue).
Molina Healthcare, Q2 2025: revenue $11.4B (+16% year over year), operating margin 3.3%, net earnings $255M, operating cash flow −$302M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.4B | +3% | +16% |
| Operating profit | $373M | -14% | -14% |
| Net earnings | $255M | -14% | -15% |
| Operating cash flow | −$302M | -259% | — |
What changed
Revenue was $11.4B in Q2 2025, up 16% year over year and up 3% from the previous quarter.
Operating profit was $0.37B, a 3.3% margin (down 1.1 points year over year). Operating profit fell $0.06B even though revenue rose $1.5B versus a year earlier, so costs grew faster than sales. Total costs grew 17% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+33%). Net earnings were $0.26B, down 15% year over year. The effective tax rate was 21.5%.
Operating cash flow was −$0.30B. Non-cash charges added back $0.06B of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items used $0.62B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.34B.
Questions
What was Molina Healthcare's revenue in the second quarter 2025?
Molina Healthcare (MOH) reported revenue of $11.4B for the second quarter 2025 (Q2 2025), +16% from a year earlier and +3% from the quarter before.
Was Molina Healthcare profitable in the second quarter 2025?
Operating profit was $373M (3.3% of revenue) and net earnings $255M.
Source: Molina Healthcare 10-Q on SEC EDGAR.