HUM Humana

Q3 2025 10-Q
Filed: Nov 5, 2025Period ending Sep 30, 2025
Financials
Hospital & Medical Service PlansSEC EDGAR

Humana (HUM) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 5, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

  • Revenue $32.6B Q3 2025, up 11.1% YoY from $29.4B; 9M revenue $97.1B up 9.7% YoY from $88.5B
  • Operating margin declined: income from operations $3.5B Q3 2025 vs $3.1B Q3 2024 (13.1% increase YoY but 45.1% decrease in 9M); benefit ratio 91.1% vs 89.9% Q3, operating cost ratio 12.6% vs 11.5% Q3
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Risk Factors

  • Section 'risk_factors' was empty or not found.

Quarterly Financial Summary
XBRL

Revenue

$32.6B

+11.1% YoY +0.8% QoQ

Net Income

$195M

-59.4% YoY -64.2% QoQ

Net Margin

0.6%

-104bp YoY -109bp QoQ

Source: XBRL data from Humana Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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