Tenet Healthcare Corporation (THC) Revenue by Segment

Tenet Healthcare revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Tenet Healthcare's largest business segment was Hospital Operations, with $4.24 billion or 75% of revenue, up 6.0% from a year earlier. Next: Ambulatory Care (25%).

The fastest-growing business segment from a year earlier was Ambulatory Care (+9.3%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q1 fiscal 2018.

Tenet Healthcare Corporation

THCHealthcare

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

Hospital OperationsCore Services and OtherAmbulatory CareConiferContinuing Operations

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before	Trend
Hospital Operations	USD 4.24B	75.3%	+6.0%
Ambulatory Care	USD 1.39B	24.7%	+9.3%

Sum of items USD 5.63B. 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	Q1 FY18
Hospital Operations	4.2B	4.0B	4.1B	4.0B	4.0B	4.0B	3.8B	4.0B	4.0B	4.4B	4.3B	4.1B	4.1B	4.1B	4.7B	3.8B	3.6B	3.8B	4.7B	4.0B	4.1B	3.9B	–	3.8B	3.1B	–	–	–	–	–	–	–
Core Services and Other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.8B	4.0B	3.9B	3.8B	3.9B	3.8B	3.9B
Ambulatory Care	1.4B	1.3B	1.4B	1.3B	1.3B	1.2B	1.3B	1.1B	1.1B	995.0M	1.1B	941.0M	942.0M	905.0M	–	806.0M	771.0M	738.0M	–	666.0M	664.0M	646.0M	–	565.0M	368.0M	490.0M	632.0M	522.0M	524.0M	480.0M	554.0M	498.0M
Conifer	–	–	–	–	–	–	–	–	–	–	–	–	–	–	326.0M	333.0M	333.0M	324.0M	324.0M	314.0M	319.0M	310.0M	–	325.0M	305.0M	332.0M	332.0M	336.0M	355.0M	349.0M	372.0M	404.0M
Continuing Operations	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.9B	–	–	–	–	–	–	–	–	–

Tenet Healthcare revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Hospital Operations	$4.2B	$4.0B	$4.0B	$4.0B	75%
Ambulatory Care	$1.4B	$1.3B	$1.3B	$1.3B	25%

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

Questions and answers

What are Tenet Healthcare's business segments?

Hospital Operations and Ambulatory Care (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Tenet Healthcare?

Hospital Operations: $4.24 billion, or 75% of revenue, in Q2 fiscal 2026.

MoreTenet Healthcare stock overview Tenet Healthcare financials Tenet Healthcare executive team Tenet Healthcare shareholders

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.