Molina Healthcare Reports Third Quarter 2026 Financial Results
Molina Healthcare reported Q3 2026 adjusted EPS of $0.89 and GAAP EPS of $0.73, down 53% and 52% year-over-year respectively, as the consolidated medical care ratio rose to 92.9%. Premium revenue fell 4% to roughly $10.5 billion on lower Medicaid and Marketplace membership, though management said medical cost trend appears to be plateauing and reiterated it may be seeing the beginning of a turn in Medicaid margins.
Key figures
- Eps
- 0.89
- Revenue
- 11082000000
- Guidance
- FY2026 premium revenue ~$42B unchanged; GAAP EPS at least $2.38; adjusted EPS at least $5.25 reaffirmed
- Revenue Yoy
- -4% (premium revenue $10,457M vs $10,841M)
- Mcr
- 92.9%
- Members
- 4862000
- Gaap eps
- 0.73
- Medicaid mcr
- 93.0%
- Medicare mcr
- 93.0%
- Marketplace mcr
- 92.5%
- Q4 mapd loss per share
- -1
- Gaap net income millions
- 38
- Adjusted net income millions
- 46
- Operating cash flow 9m millions
- 629
- Parent cash investments millions
- 608
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.