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Tenet Healthcare (THC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Tenet Healthcare (THC) reported revenue of $5.6B for the third quarter 2026 (Q3 2026), +6% from a year earlier and +0.1% from the quarter before. Operating margin was 31.1%, net earnings $1.0B (17.8% of revenue).
Tenet Healthcare, Q3 2026: revenue $5.6B (+6% year over year), operating margin 31.1%, net earnings $1.0B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.6B | +0.1% | +6% |
| Operating profit | $1.8B | +17% | +97% |
| Net earnings | $1.0B | +21% | +192% |
| Operating cash flow | $1.3B | +119% | +21% |
| Free cash flow | $1.1B | — | — |
What changed
Revenue was $5.6B in Q3 2026, up 6% year over year and roughly flat from the previous quarter.
Operating profit was $1.8B, a 31.1% margin (up 14.3 points year over year). Of the extra revenue versus Q3 2025, 252% reached operating profit, above the 17% margin then. Total costs fell 12% while revenue rose 6%. Net earnings were $1.0B, up 192% year over year. The effective tax rate was 22.8%.
Operating cash flow was $1.3B (up 21% year over year), 105% of net income including minority interests. Non-cash charges added back $0.22B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.19B. After purchases of property and equipment ($0.20B), free cash flow as the company reports it was $1.1B.
Questions
What was Tenet Healthcare's revenue in the third quarter 2026?
Tenet Healthcare (THC) reported revenue of $5.6B for the third quarter 2026 (Q3 2026), +6% from a year earlier and +0.1% from the quarter before.
Was Tenet Healthcare profitable in the third quarter 2026?
Operating profit was $1.8B (31.1% of revenue) and net earnings $1.0B.
Source: Tenet Healthcare 10-Q on SEC EDGAR.