Quarterly ResultApr 29, 2026, 02:13 PM
HUM Q1 Revenue +23.5% to $39.6B; EPS $9.83; MaxHealth Acquired
AI Summary
Humana Inc. reported Q1 2026 revenues of $39.65 billion, a 23.5% increase year-over-year, while net income attributable to Humana decreased by 4.7% to $1.19 billion, resulting in diluted EPS of $9.83. The company also completed the acquisition of MaxHealth, a Florida-based primary care organization, for approximately $908 million in cash. Operating cash flow saw a significant increase to $1.25 billion, despite higher benefits payable and charges related to value creation initiatives.
Key Highlights
- Acquired MaxHealth, a primary care organization, for $908M cash, adding $800M in goodwill.
- Q1 2026 Revenues increased 23.5% to $39.65 billion from $32.11 billion YoY.
- Net income attributable to Humana decreased 4.7% to $1.19 billion from $1.24 billion YoY.
- Diluted EPS decreased 4.6% to $9.83 from $10.30 YoY.
- Net cash provided by operating activities surged to $1.25 billion from $331 million YoY.
- Benefits payable increased 27.3% to $12.69 billion from $9.97 billion at year-end 2025.
- Total current liabilities rose to $21.51 billion from $16.35 billion at year-end 2025.
- Incurred $98M in charges for value creation and transformation initiatives in Q1 2026.