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Centene CNC Total costs & expenses

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Other financials

Income statement

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Revenue$53.6B+9.9%
Gross profit$52.9B+9.9%
Operating income$1.2B+362%
Net income$1.1B+531%
EPS (diluted)$2.19+529%

Balance sheet

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Cash & equivalents$24.2B+66.4%
Total debt$16.1B-8.4%
Total equity$22.6B-17.7%
Total assets$83.0B-3.9%

Cash flow

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Operating cash flow$3.6B+101%
CapEx$174.0M-16.3%
Free cash flow$3.4B+117%

Valuation

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Market cap$33.09B+167%
Enterprise value$25.05B+62.2%
P/S0.2×+0.1×

Profitability

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Gross margin98.6%+0.2pp
Operating margin-2.8%-3.9pp
Net margin-2.5%-3.7pp
FCF margin4.4%+3.8pp

Returns & leverage

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Return on equity-20.4%-27.9pp
Debt / equity0.7×+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:CostsAndExpenses.

The source filing: Centene’s 10-Q, filed July 28, 2026.

Filed
Jul 27, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001071739-26-000153
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Amortization of acquired intangible assets161173327346
Premium tax expense9,2206,34614,60110,563
Impairment5555
Total operating expenses52,38149,200100,46494,286
Earnings (loss) from operations1,198(458)3,0591,076
Other income (expense):
Investment and other income435371842753
Gain on debt extinguishment61

Item 1. Financial Statements.

FAQ

What is Centene's total costs & expenses?
Centene (CNC) reported total costs & expenses of $52.38B in Q2 2026.
How has Centene's total costs & expenses changed year-over-year?
Centene's total costs & expenses increased by 6.5% year-over-year, from $49.2B to $52.38B.
What is the long-term trend for Centene's total costs & expenses?
Over 4 years (2021 to 2025), Centene's total costs & expenses has grown at a 13.0% compound annual growth rate (CAGR), from $124.2B to $202.4B.
What does total costs & expenses mean?
This metric aggregates all operating and non-operating costs incurred by the organization, including medical claims, administrative expenses, premium taxes, and impairment charges. It provides a comprehensive view of the total financial resources consumed to generate revenue and maintain business operations. Analyzing this figure helps investors evaluate the company's overall cost structure and operational scalability relative to its premium revenue base.

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