Humana Inc. (HUM) Income Statement
HUM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHUM revenue and net income
Where HUM's revenue goes
2025Each bar shows an amount and its share of revenue. HUM kept 0.9% of revenue as net income.
HUM profit margins
HUM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.1% | +11.7% | +10.9% | +9.1% |
| Gross profit | +9.9% | +3.0% | +3.7% | +9.3% |
| Operating income | −10.7% | −25.9% | −20.8% | −4.7% |
| Net income | −1.6% | −24.9% | −18.8% | −0.7% |
| EPS (diluted) | +5.8% | −12.1% | −1.8% | +8.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HUM quarterly EPS vs estimates
Humana beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 6, 2026 (estimate $-1.03).
HUM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $129.66B | $117.81B | $106.44B | $92.92B | $83.65B | $77.19B | $64.93B | $56.94B | $53.80B | $54.41B |
| Cost of revenue | $110.81B | $100.66B | $88.39B | $75.69B | $69.20B | $61.50B | $53.74B | $45.75B | $43.39B | $44.90B |
| Gross profit | $18.85B | $17.15B | $18.05B | $17.23B | $14.45B | $15.69B | $11.19B | $11.19B | $7.08B | $7.77B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $242.0M | $248.0M | $265.0M | — | $10.12B | $10.05B | $7.38B | $7.53B | $6.57B | $7.28B |
| Total operating expenses | $17.40B | $15.52B | $14.73B | $13.67B | $11.03B | $11.02B | $7.72B | $9.12B | $7.08B | $7.77B |
| Operating income | $1.45B | $1.63B | $3.32B | $3.56B | $3.42B | $4.67B | $3.47B | $2.07B | $3.33B | $1.74B |
| Interest income | $631.0M | $660.0M | $493.0M | $401.0M | $326.0M | $283.0M | $242.0M | $218.0M | $242.0M | $189.0M |
| Interest expense | $631.0M | $660.0M | $493.0M | $401.0M | $326.0M | $283.0M | $242.0M | $218.0M | $242.0M | $189.0M |
| Income before taxes | $1.45B | $1.63B | $3.32B | $3.56B | $3.42B | $4.67B | $3.47B | $2.07B | $4.02B | $1.55B |
| Income taxes | $250.0M | $413.0M | $836.0M | $762.0M | $485.0M | $1.31B | $763.0M | $391.0M | $1.57B | $938.0M |
| Net income | $1.19B | $1.21B | $2.49B | $2.81B | $2.93B | $3.37B | $2.71B | $1.68B | $2.45B | $614.0M |
| EBITDA | $2.91B | $3.25B | $4.73B | $4.81B | $4.46B | $5.57B | $4.29B | $2.83B | −$936.0M | $2.21B |
| EPS (diluted) | $17.13 | $16.19 | $25.99 | $25.21 | $20.63 | $18.74 | $17.84 | $14.55 | $11.69 | $9.43 |
| Gross margin | 14.5% | 14.6% | 17.0% | 18.5% | 17.3% | 20.3% | 17.2% | 19.7% | 13.2% | 14.3% |
| Operating margin | 1.1% | 1.4% | 3.1% | 3.8% | 4.1% | 6.1% | 5.3% | 3.6% | 6.2% | 3.2% |
| Net margin | 0.9% | 1.0% | 2.3% | 3.0% | 3.5% | 4.4% | 4.2% | 3.0% | 4.6% | 1.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.87B | $39.65B | $32.52B | $32.65B | $32.39B | $32.11B | $29.21B | $29.40B | $29.54B | $29.61B | $26.46B | $26.42B |
| Cost of revenue | $35.37B | $33.71B | $28.72B | $27.99B | $27.57B | $26.54B | $25.38B | $25.12B | $25.04B | $25.12B | $22.78B | $21.75B |
| Gross profit | $5.50B | $5.94B | $3.79B | $4.66B | $4.82B | $5.58B | $3.83B | $4.28B | $4.50B | $4.49B | $3.68B | $4.68B |
| Sales, general & admin | $3.98B | — | — | — | — | — | — | — | — | — | — | — |
| Total operating expenses | $4.14B | $4.36B | $4.82B | $4.55B | $4.10B | $3.93B | $4.73B | $3.64B | $3.60B | $3.50B | $4.29B | $3.59B |
| Operating income | $1.36B | $1.58B | −$1.02B | $108.0M | $722.0M | $1.65B | −$899.0M | $635.0M | $901.0M | $990.0M | −$615.0M | $1.09B |
| Interest income | — | — | $146.0M | $168.0M | $157.0M | $160.0M | $164.0M | $169.0M | — | — | — | $114.0M |
| Interest expense | $197.0M | $193.0M | $146.0M | $168.0M | $157.0M | $160.0M | $164.0M | $169.0M | $168.0M | $159.0M | $146.0M | $114.0M |
| Income before taxes | $952.0M | $1.58B | −$1.02B | $108.0M | $722.0M | $1.65B | −$899.0M | $635.0M | $901.0M | $990.0M | −$615.0M | $1.09B |
| Income taxes | $238.0M | $395.0M | −$249.0M | −$86.0M | $179.0M | $406.0M | −$216.0M | $155.0M | $223.0M | $251.0M | −$75.0M | $256.0M |
| Net income | $693.0M | $1.19B | −$796.0M | $195.0M | $545.0M | $1.24B | −$693.0M | $480.0M | $679.0M | $741.0M | −$541.0M | $832.0M |
| EBITDA | $1.34B | $1.97B | −$685.0M | $480.0M | $1.09B | $2.02B | −$495.0M | $1.05B | $1.31B | $1.39B | −$231.0M | $1.44B |
| EPS (diluted) | $7.61 | $10.31 | −$3.96 | $3.24 | $6.27 | $11.58 | −$2.16 | $4.16 | $6.96 | $7.23 | −$0.11 | $7.78 |
| Gross margin | 13.5% | 15.0% | 11.7% | 14.3% | 14.9% | 17.4% | 13.1% | 14.5% | 15.2% | 15.2% | 13.9% | 17.7% |
| Operating margin | 3.3% | 4.0% | −3.2% | 0.3% | 2.2% | 5.1% | −3.1% | 2.2% | 3.1% | 3.3% | −2.3% | 4.1% |
| Net margin | 1.7% | 3.0% | −2.4% | 0.6% | 1.7% | 3.9% | −2.4% | 1.6% | 2.3% | 2.5% | −2.0% | 3.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HUM's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HUM financial results
In fiscal year 2025 (ended December 31, 2025), Humana reported revenue of $129.7 billion, up 10.1% from the year before. It had net income of $1.2 billion (down 1.6%), a net profit margin of 0.9%. Diluted earnings per share came to $17.13. Over five years revenue grew at an average rate of 10.9% a year.
See the HUM stock overview for the latest quote and news, or the HUM chart for price history and technical indicators.
HUM income statement FAQ
What is Humana's annual revenue?
Humana reported total revenue of $129.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 10.1% from $117.8 billion the previous year.
Is Humana profitable?
Yes. Humana reported net income of $1.2 billion in fiscal 2025, a net profit margin of 0.9%; its operating margin was 1.1%.
What is Humana's gross margin?
Humana's gross margin was 14.5% in fiscal 2025: for every $100 of revenue, Humana kept $15 after the direct cost of its products and services.
How fast is Humana growing?
Revenue grew 10.9% a year on average over the last five fiscal years, from $77.2 billion to $129.7 billion.
What are Humana's earnings per share?
Humana earned $17.13 per diluted share in fiscal 2025, compared with $16.19 a year earlier.
When will Humana report its next earnings?
Humana is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.
When does Humana's fiscal year end?
Humana's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.