What is Centene's deferred revenue?

Centene (CNC) reported deferred revenue of $953M in Q1 2026.

How has Centene's deferred revenue changed year-over-year?

Centene's deferred revenue increased by 9.7% year-over-year, from $869M to $953M.

What is the long-term trend for Centene's deferred revenue?

Over 5 years (2020 to 2025), Centene's deferred revenue has grown at a 7.1% compound annual growth rate (CAGR), from $523M to $736M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Centene CNC Deferred Revenue

Deferred Revenue at other companies

HumanaHUM

$269M+1.5%

UnitedHealth GroupUNH

$11B-11.3%

Molina HealthcareMOH

$401M+8.7%

InnovAge Holdings, Inc.INNV

$275K—

Evolent Health, Inc.EVH

$1.42M-71.8%

Tenet HealthcareTHC

——

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$31.7B+25.7%

Enterprise value$26.8B-3.7%

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 us-gaap:ContractWithCustomerLiabilityCurrent.

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 deferred revenue?: Centene (CNC) reported deferred revenue of $953M in Q1 2026.
How has Centene's deferred revenue changed year-over-year?: Centene's deferred revenue increased by 9.7% year-over-year, from $869M to $953M.
What is the long-term trend for Centene's deferred revenue?: Over 5 years (2020 to 2025), Centene's deferred revenue has grown at a 7.1% compound annual growth rate (CAGR), from $523M to $736M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.