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Tenet Healthcare (THC) Q2 2026 vs Q1 2026 (quarter over quarter)

Tenet Healthcare's revenue rose $260M (+5%) from $5.4B in Q1 2026 to $5.6B in Q2 2026. Operating margin 26.7% against 24.1% (+2.5 pts).

Tenet Healthcare, Q2 2026: revenue $5.6B (+7% year over year), operating margin 26.7%, net earnings $826M, operating cash flow $585M. The chart draws each line against Q1 2026, the increases inside each band.

Tenet Healthcare: what changed, Q2 2026 vs Q1 2026Tenet Healthcare: what changed, Q2 2026 vs Q1 2026Working capital & other$1.2BOperating cash flow−$1.1BPre-tax earnings$208MOperating profit$205MNet earnings$124MIncome tax$69.0MCosts & expenses$55.0MShare-based compensation$19.0MMinority interests$15.0MDepreciation & amortization−$14.0M

Margins

Q2 2026Q1 2026Change
Operating margin26.7%24.1%+2.5 pts
Net margin14.7%13.1%+1.6 pts

Every line

LineQ2 2026Q1 2026Change%
Revenue$5.6B$5.4B$260M+5%
Operating profit$1.5B$1.3B$205M+16%
Costs & expenses$4.1B$4.1B$55.0M+1%
Pre-tax earnings$1.3B$1.1B$208M+18%
Other expense, net$161M$164M−$3.0M-2%
Net earnings$826M$702M$124M+18%
Minority interests$219M$204M$15.0M+7%
Income tax$295M$226M$69.0M+31%
Depreciation & amortization$215M$229M−$14.0M-6%
Share-based compensation$44.0M$25.0M$19.0M+76%
Working capital & other$500M−$685M$1.2B—
Operating cash flow$585M$1.6B−$1.1B-64%

Questions

How much did Tenet Healthcare's revenue grow quarter over quarter in Q2 2026?

Tenet Healthcare's revenue rose $260M (+5%) from $5.4B in Q1 2026 to $5.6B in Q2 2026. Operating margin 26.7% against 24.1% (+2.5 pts).

Q2 2026 results → · Compare in the interactive Sankey →