Filing Flows › Universal Health Services (UHS) › Q3 2026
Universal Health Services (UHS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Universal Health Services (UHS) reported revenue of $4.7B for the third quarter 2026 (Q3 2026), +5% from a year earlier and +2% from the quarter before. Operating margin was 9.6%, net earnings $309M (6.5% of revenue).
Universal Health Services, Q3 2026: revenue $4.7B (+5% year over year), operating margin 9.6%, net earnings $309M, operating cash flow $637M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | +2% | +5% |
| Operating profit | $454M | -12% | -13% |
| Net earnings | $309M | -14% | -17% |
| Operating cash flow | $637M | +44% | +67% |
| Free cash flow | $422M | +95% | +178% |
What changed
Revenue was $4.7B in Q3 2026, up 5% year over year and up 2% from the previous quarter. Managed Care was the largest line at 26% of revenue. Managed Medicare added $0.06B year over year (up 12%), 25% of the total change. Managed Care declined 1%.
Operating profit was $0.45B, a 9.6% margin (down 2.0 points year over year). Operating profit fell $0.07B even though revenue rose $0.24B versus Q3 2025, so costs grew faster than sales. Total costs grew 8% against revenue growth of 5%. Net earnings were $0.31B, down 17% year over year. The effective tax rate was 24.3%.
Operating cash flow was $0.64B (up 67% year over year), 203% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.12B. Capital expenditures of $0.21B left free cash flow of $0.42B.
Questions
What was Universal Health Services' revenue in the third quarter 2026?
Universal Health Services (UHS) reported revenue of $4.7B for the third quarter 2026 (Q3 2026), +5% from a year earlier and +2% from the quarter before.
Was Universal Health Services profitable in the third quarter 2026?
Operating profit was $454M (9.6% of revenue) and net earnings $309M.