Centene Corporation (CNC) Revenue by Segment

Centene revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Centene's largest business segment was Medicaid, with $31.97 billion or 60% of revenue, up 14.2% from a year earlier. Next: Medicare (21%), Commercial (17%) and All other segments (2%).

By product or service, Health Care, Premium brought in 98% and Service brought in 2% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Medicare (+17.0%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Centene Corporation

CNCHealthcare

United States

Healthcare

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

MedicaidManaged CareCommercialMedicareAll other segmentsSpecialty Services

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Medicaid	USD 31.97B	59.7%	+14.2%
Medicare	USD 11.06B	20.6%	+17.0%
Commercial	USD 9.36B	17.5%	-7.1%
All other segments	USD 1.20B	2.2%	-2.3%

Sum of items USD 53.58B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Medicaid	32.0B	28.9B	28.0B	28.0B	28.0B	26.4B	25.3B	26.4B	24.1B	25.5B	25.2B	24.7B	24.7B	26.2B	23.3B	23.3B	22.5B	24.1B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Managed Care	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	30.9B	29.6B	28.6B	27.3B	28.0B	26.6B	24.9B	17.9B	18.1B	17.5B	17.7B	15.8B	15.4B	13.3B	12.4B	–	11.3B
Commercial	9.4B	9.6B	10.8B	11.0B	10.1B	10.1B	8.7B	8.7B	8.5B	7.8B	7.4B	6.5B	5.7B	5.3B	4.4B	4.3B	4.6B	4.1B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Medicare	11.1B	10.3B	9.6B	9.4B	9.4B	8.8B	5.5B	5.6B	6.0B	5.9B	5.3B	5.4B	5.7B	5.9B	5.4B	5.6B	5.6B	5.8B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
All other segments	1.2B	1.2B	1.3B	1.3B	1.2B	1.3B	1.3B	1.2B	1.2B	1.2B	1.5B	1.5B	1.5B	1.6B	2.4B	2.6B	3.3B	3.2B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Specialty Services	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.5B	1.4B	1.4B	999.0M	1.1B	1.1B	1.1B	937.0M	889.0M	847.0M	757.0M	713.0M	3.1B	898.0M	745.0M	–	3.0B

Centene revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Medicaid	$32.0B	$28.9B	$28.0B	$28.0B	60%
Medicare	$11.1B	$10.3B	$9.4B	$9.5B	21%
Commercial	$9.4B	$9.6B	$11.0B	$10.1B	17%
All other segments	$1.2B	$1.2B	$1.3B	$1.2B	2%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Centene revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Health Care, Premium	$43.6B	$43.9B	$44.1B	$41.7B	98%
Service	$793.0M	$768.0M	$772.0M	$727.0M	2%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Centene's business segments?

Medicaid, Medicare, Commercial and All other segments (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Centene?

Medicaid: $31.97 billion, or 60% of revenue, in Q2 fiscal 2026.

What are Centene's main products and services?

By revenue in Q2 fiscal 2026: Health Care, Premium (98%) and Service (2%).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.