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Molina Healthcare MOH Medicaid — Medical care costs

Other segment segments

Medicare
$1.42B-1.9%
Marketplace
$559M-45.5%
Other
-$2M-108%

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$1.37B+9.0%
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STIMMedical Device — Cost of Goods Sold
$2.86M-9.3%

Other financials

Income statement

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Revenue$10.9B-4.8%
Gross profit$1.4B-10.3%
Operating income$145.0M-61.1%
Net income$60.0M-76.5%
EPS (diluted)$1.19-74.9%

Balance sheet

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Cash & equivalents$5.0B+10.8%
Total debt$4.0B+10.9%
Total equity$4.2B-9.4%
Total assets$16.0B-1.3%

Cash flow

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Operating cash flow$1.1B+469%
CapEx$30.0M-28.6%
Free cash flow$1.1B+528%

Valuation

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Market cap$10.19B+23.4%
Enterprise value$9.15B+25.1%
P/E25×-12.1×
P/S0.2×0.0×

Profitability

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Gross margin12.6%-2.2pp
Operating margin3%-1.2pp
Net margin2%-0.9pp
FCF margin0.6%

Returns & leverage

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Return on equity19.7%-6.7pp
Debt / equity0.9×+0.2×
Current ratio1.7×0.0×

Where this comes from

Reported directly by Molina Healthcare in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Molina Healthcare’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 10:21 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001179929-26-000039
Line itemMedicaidMedicareMarketplaceOtherTotal
Other operating revenues (1)606
Total revenue10,874
Operating Expenses:
Medical care costs7,4641,419559(2)9,440
Cost of service revenue2222
Segment expenses7,4641,419559209,462
Other operating expenses (2)1,267
Operating income145

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FAQ

What is Molina Healthcare's medicaid — medical care costs?
Molina Healthcare (MOH) reported medicaid — medical care costs of $7.46B in Q2 2026.
How has Molina Healthcare's medicaid — medical care costs changed year-over-year?
Molina Healthcare's medicaid — medical care costs increased by 1.8% year-over-year, from $7.33B to $7.46B.
What is the long-term trend for Molina Healthcare's medicaid — medical care costs?
Over 3 years (2022 to 2025), Molina Healthcare's medicaid — medical care costs has grown at a 10.6% compound annual growth rate (CAGR), from $21.85B to $29.59B.
What does medicaid — medical care costs mean?
Represents the total direct costs incurred by the health plan for providing medical services to Medicaid-enrolled members. This includes payments to hospitals, physicians, and other healthcare providers for covered benefits.

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