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Centene CNC Medicaid — Premium tax

Other segment segments

Commercial
$0
Medicare
$0
Other
$0

Similar metrics at other companies

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GLHealth — Premium taxes
$8.22M+9.7%
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MOHMedicaid — Premium revenue
$7.93B-2.5%
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FAFCorporate — Premium Taxes
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MOHPremium tax expenses
$504M+29.9%

Other financials

Income statement

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Revenue$49.9B+7.1%
Gross profit$49.2B+7.2%
Operating income$1.9B+21.3%
Net income$1.5B+17.5%
EPS (diluted)$3.11+18.3%

Balance sheet

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Cash & equivalents$21.3B+43.5%
Total debt$16.4B-10.6%
Total equity$21.4B-23.2%
Total assets$81.2B-6.7%

Cash flow

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Operating cash flow$4.4B+189%
CapEx$200.0M+48.1%
Free cash flow$4.2B+203%

Valuation

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Market cap$32.46B+20.7%
Enterprise value$27.56B-8.0%
P/S0.2×0.0×

Profitability

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Gross margin98.7%+0.3pp
Operating margin-3.7%-5.8pp
Net margin-3.3%-5.3pp
FCF margin3.6%+2.7pp

Returns & leverage

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Return on equity-26.1%-38.7pp
Debt / equity0.8×+0.1×
Current ratio1.1×0.0×

Where this comes from

Reported directly by Centene in its filing.

Tagged under the XBRL concept cnc:PremiumTaxRevenue.

The official record: Centene’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Centene's medicaid — premium tax?
Centene (CNC) reported medicaid — premium tax of $5.29B in Q1 2026.
How has Centene's medicaid — premium tax changed year-over-year?
Centene's medicaid — premium tax increased by 28.0% year-over-year, from $4.13B to $5.29B.
What is the long-term trend for Centene's medicaid — premium tax?
Over 4 years (2021 to 2025), Centene's medicaid — premium tax has grown at a 26.1% compound annual growth rate (CAGR), from $8B to $20.2B.
What does medicaid — premium tax mean?
Taxes levied by state governments on the premiums collected by managed care organizations. These are often pass-through costs that impact the total revenue and margin structure of the Medicaid segment.