10-Q quarterly report · filed Apr 29, 2026

Humana (HUM) Q1 2026 10-Q Quarterly Report

Short answer

Humana (HUM) filed its Q1 2026 10-Q quarterly report on Apr 29, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $39.6B (up 23.5% year over year) with net income of $1.2B.

Q1 2026 key financials · XBRL

Revenue
$39.6B
+23.5% YoY
Net income
$1.2B
−4.7% YoY
Operating margin
4.4%
EPS (diluted)
$9.83
−4.6% YoY

Source: XBRL data from the Humana (HUM) Q1 2026 10-Q on SEC EDGAR. USD.

Humana Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Total revenue $39.648B, up $7.536B or 23.5% YoY from $32.112B
  • Operating margin 4.4% vs 6.3% YoY; benefit ratio 89.4% vs 87.0%
  • Best line Primary care revenue $788M, up 68.0%; CenterWell worst margin 4.7% vs 7.7% YoY
  • Net income $1.184B, down 4.7%; value-creation charges $98M vs $24M
  • MaxHealth acquisition for approximately $908M; Star Ratings, v28 phase-in, and regulatory pressures remained headwinds

Risk Factors

  • No new or changed risk factors; Humana incorporated the 2025 Form 10-K risk disclosures unchanged
  • Regulatory and compliance exposure remains governed by carried-forward 10-K risks
  • Near-term operational and competitive risks remain unchanged from the 2025 Form 10-K
  • Share-repurchase liquidity commitment: $2.7 billion remaining under authorization through February 15, 2027

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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