Filing Flows › Surgery Partners (SGRY) › Q2 2026 › vs Q1 2026
Surgery Partners (SGRY) Q2 2026 vs Q1 2026 (quarter over quarter)
Surgery Partners's revenue rose $38.0M (+5%) from $811M in Q1 2026 to $849M in Q2 2026. The biggest changes: Patient service revenues +$34.0M (+4%); Other +$4.0M (+24%). Operating margin 12.0% against 8.1% (+3.9 pts).
Surgery Partners, Q2 2026: revenue $849M (+3% year over year), operating margin 12.0%, net earnings $29.7M, operating cash flow $59.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 12.0% | 8.1% | +3.9 pts |
| Net margin | 3.5% | -0.3% | +3.8 pts |
| Free cash flow margin | 4.4% | -0.5% | +4.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Private insurance | $401M | $399M | $2.5M | +0.6% |
| Government | $381M | $357M | $23.2M | +6% |
| Self-pay | $23.5M | $19.2M | $4.3M | +22% |
| Other service revenues | $22.8M | $18.8M | $4.0M | +21% |
| Patient service revenues | $828M | $794M | $34.0M | +4% |
| Other | $20.6M | $16.6M | $4.0M | +24% |
| Revenue | $849M | $811M | $38.0M | +5% |
| Operating profit | $102M | $65.8M | $36.3M | +55% |
| Costs & expenses | $747M | $745M | $1.7M | +0.2% |
| Pre-tax earnings | $32.3M | −$3.3M | $35.6M | — |
| Other expense, net | $69.8M | $69.1M | $700K | +1% |
| General & admin | $36.3M | $39.3M | −$3.0M | -8% |
| Other operating costs | $710M | $706M | $4.7M | +0.7% |
| Net earnings | $29.7M | −$2.1M | $31.8M | — |
| Income tax | $2.6M | −$1.2M | $3.8M | — |
| Depreciation & amortization | $39.3M | $38.5M | $800K | +2% |
| Share-based compensation | $3.8M | $5.8M | −$2.0M | -34% |
| Working capital & other | $13.5M | $30.5M | −$17.0M | -56% |
| Operating cash flow | $59.3M | $11.7M | $47.6M | +407% |
| Free cash flow (OCF − capex) | $37.5M | −$4.3M | $41.8M | — |
| Capital expenditures | $21.8M | $16.0M | $5.8M | +36% |
Questions
How much did Surgery Partners's revenue grow quarter over quarter in Q2 2026?
Surgery Partners's revenue rose $38.0M (+5%) from $811M in Q1 2026 to $849M in Q2 2026.
What drove Surgery Partners's revenue change in Q2 2026?
Patient service revenues +$34.0M (+4%); Other +$4.0M (+24%).