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Molina Healthcare quarterly revenue falls 3.4% to $11.08 billion

Molina Healthcare's revenue is still shrinking, but more slowly. Results for the quarter ended September 30, 2026, from the earnings release filed with the SEC on Oct 21, 2026.

Octans ResearchPublished

Snapshot

Molina Healthcare's revenue is still shrinking, but more slowly: revenue fell 3.4% to $11.08 billion in the quarter ended September 30, 2026, from $11.48 billion a year earlier, after a 4.8% year over year decline the quarter before.

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as of 16:00 ET · Realtime derived data

What We Know

Revenue for the quarter ended September 30, 2026 was $11.08 billion, versus $11.48 billion in the same quarter a year earlier, down 3.4%.

Bar chart: Molina Healthcare: revenue, last eight quarters. US$ billions by fiscal quarter end, as of Oct 21, 2026. Dec 2024 10.5; Mar 2025 11.15; Jun 2025 11.43; Sep 2025 11.48; Dec 2025 11.38; Mar 2026 10.8; Jun 2026 10.87; Sep 2026 11.08. Latest quarter $11.08B, Down 3.4% vs a year earlier.
Source: SEC EDGAR (earnings release and XBRL financial data)

Quarterly revenue by fiscal quarter end, oldest first: Dec 2024: $10.50 billion; Mar 2025: $11.15 billion; Jun 2025: $11.43 billion; Sep 2025: $11.48 billion; Dec 2025: $11.38 billion; Mar 2026: $10.80 billion; Jun 2026: $10.87 billion; Sep 2026: $11.08 billion.

Octans View

Year over year revenue change by quarter, computed from the filed figures: Dec 2025 up 8.3%; Mar 2026 down 3.1%; Jun 2026 down 4.8%; Sep 2026 down 3.4%. On those figures, Molina Healthcare's revenue is still shrinking, but more slowly. That read compares the latest two year over year growth rates and nothing else.

Bear Case · Room for Disagreement

This brief covers reported revenue and diluted earnings per share only. It does not cover guidance, margins, segment results, cash flow or the earnings call, and it makes no forecast. Revenue is the total on the release line we matched; a company's own adjusted measures can differ.

Method and source. Octans Research matched the revenue line in the earnings release (Exhibit 99.1) to the year ago quarter the company reported in its own XBRL financial data; the two must agree before anything is published. The quarterly history comes from the same XBRL data. The text is generated from those verified figures by a fixed template; no model wrote it.

Chart

$MOH adjusted close, last 6 months $MOH adjusted close, last 6 months: series rising from 176 to 215 (+22.1%) from 2026-04-24 to 2026-10-21. Scale 160 to 260. 160180200220240260 2026-04-242026-10-21 $MOH ADJUSTED CLOSE, LAST 6 MONTHS +22.1% 214.9
Source: Tiingo · As of 2026-10-21Indicative, not investment advice.

Sources

  1. [1]SEC EDGAR — Molina Healthcare earnings release for the quarter ended September 30, 2026 (Exhibit 99.1), filed Oct 21, 2026
  2. [2]SEC EDGAR — Molina Healthcare XBRL financial data (company facts)

These are the sources this piece was drafted from. How we verify. Found an error? Tell us and we correct it in public.

$11.08B

Revenue for the quarter ended September 30, 2026 was $11.08 billion, versus $11.48 billion in t… · What we know

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