Business Segments · Segment gross margin
Commercial — Segment gross margin
Centene Commercial — Segment gross margin increased by 374.4% to $2.36B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 7.2%, from $2.54B to $2.36B. Over 4 years (FY 2021 to FY 2025), Commercial — Segment gross margin shows an upward trend with a 22.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2021
Last reportedQ1 2026
Rolls up toGross Profit
How to read this metric
Higher margins indicate effective pricing strategies and successful medical cost management.
Detailed definition
The difference between total commercial segment revenues and the direct medical costs incurred to provide coverage. This...
Peer comparison
Comparable to gross profit or underwriting margin in the health insurance industry.
Metric ID:
cnc_segment_commercial_segment_gross_marginHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $566.75M | $566.75M | $566.75M | $858.00M | $1.03B | $679.00M | $725.00M | $1.25B | $1.09B | $1.36B | $1.33B | $2.07B | $2.27B | $1.74B | $1.59B | $2.54B | $946.00M | $1.12B | $497.00M | $2.36B |
| QoQ Change | — | +0.0% | +0.0% | +51.4% | +19.6% | -33.8% | +6.8% | +72.0% | -12.6% | +25.1% | -2.6% | +55.9% | +9.5% | -23.4% | -8.5% | +60.0% | -62.8% | +18.0% | -55.5% | +374.4% |
| YoY Change | — | — | — | — | +81.0% | +19.8% | +27.9% | +45.3% | +6.2% | +100.9% | +83.2% | +66.1% | +108.0% | +27.3% | +19.7% | +22.7% | -58.3% | -35.7% | -68.7% | -7.2% |
Range$497.00M – $2.54B
CAGR+35.0%
Avg YoY Growth+27.4%
Median YoY Growth+25.0%
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Frequently Asked Questions
- What is Centene's commercial — segment gross margin?
- Centene (CNC) reported commercial — segment gross margin of $2.36B in Q1 2026.
- How has Centene's commercial — segment gross margin changed year-over-year?
- Centene's commercial — segment gross margin decreased by 7.2% year-over-year, from $2.54B to $2.36B.
- What is the long-term trend for Centene's commercial — segment gross margin?
- Over 4 years (2021 to 2025), Centene's commercial — segment gross margin has grown at a 22.5% compound annual growth rate (CAGR), from $2.27B to $5.10B.
- What does commercial — segment gross margin mean?
- Profitability of the commercial segment after accounting for medical claims.