CNC · 10-Q · 2026Q1 · Full report
Medicaid Revenue Growth
CENTENE CORP · 2026-04-28 · Importance 49 · Surprise 32
Medicaid total revenues were $28,885 million in Q1 2026, up 9% from $26,430 million in Q1 2025, driven primarily by state‑directed payments and rate increases.,Medicaid membership on March 31, 2026 was 12,426,900 members, down from 12,958,800 at March 31, 2025, with revenue gains partially offset by lower membership due to post‑PHE eligibility redeterminations.,Medicaid gross margin increased by $186 million in Q1 2026 versus Q1 2025, primarily due to rate/revenue increases and tangible progress managing medical costs.
Key facts
- Medicaid total revenues increased 9% in Q1 2026 compared to Q1 2025.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +4.8% | Medicaid total revenues increased 9% in Q1 2026 compared to Q1 2025. |