Cigna (CI) Operating Margin (2018 - 2026)
Cigna's Operating Margin was 3.73% in Q2 2026, up 0.30 percentage points from 3.43% a year earlier and up 0.29 percentage points from the prior quarter.
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Analysis
Cigna (CI) Operating Margin (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Cigna's Operating Margin was 3.53% through Jun 30, 2026, up 0.08 percentage points year-over-year; for FY2025, it came in at 3.35%, down 0.46 percentage points from FY2024.
- Operating Margin has now declined for three consecutive years, with a five-year change of -1.74 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 3.81% in FY2024 (-0.56 pp), 4.37% in FY2023 (-0.31 pp), 4.68% in FY2022 (+0.12 pp) and 4.56% in FY2021 (-0.52 pp).
- The Q2 2026 figure marks the highest quarterly Operating Margin since Q3 2024.
- Compared with a year earlier, Operating Margin was higher in two of the last eight quarters, with an average year-over-year change of -0.30 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q4 2022 (a gain of 0.44 percentage points); the worst was Q1 2025 (a drop of 0.93 percentage points).
- Per Business Quant data, CI's Operating Margin in the three quarters before Q2 2026 was 3.44% (Q1 2026), 3.24% (Q4 2025) and 3.70% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 356.05 Bn | 236.68 Bn | 35.71 Bn | 5.82% |
| 2 | Mckesson | 123.13 Bn | 104.51 Bn | 3.96 Bn | 1.45% |
| 3 | Cvs Health | 109.04 Bn | 57.80 Bn | 47.21 Bn | 3.29% |
| 4 | Elevance Health | 90.56 Bn | -52.02 Bn | 13.65 Bn | 4.18% |
| 5 | Cigna | 77.41 Bn | 46.27 Bn | 15.09 Bn | 3.25% |
| 6 | Cencora | 66.63 Bn | 55.53 Bn | 3.61 Bn | 1.32% |
| 7 | Cardinal Health | 63.51 Bn | 46.67 Bn | 2.60 Bn | 1.12% |
| 8 | Humana | 50.79 Bn | -37.07 Bn | 5.50 Bn | 3.33% |
| 9 | Centene | 33.94 Bn | -60.76 Bn | 9.52 Bn | -0.61% |
| 10 | Molina Healthcare | 10.37 Bn | -24.63 Bn | 1.36 Bn | 0.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.25% |
| Jun 30, 2026 | 3.73% |
| Mar 31, 2026 | 3.44% |
| Dec 31, 2025 | 3.24% |
| Sep 30, 2025 | 3.70% |
| Jun 30, 2025 | 3.43% |
| Mar 31, 2025 | 3.01% |
| Dec 31, 2024 | 3.31% |
| Sep 30, 2024 | 4.04% |
| Jun 30, 2024 | 3.99% |
| Mar 31, 2024 | 3.94% |
| Dec 31, 2023 | 4.03% |
| Sep 30, 2023 | 4.57% |
| Jun 30, 2023 | 4.57% |
| Mar 31, 2023 | 4.33% |
| Dec 31, 2022 | 3.82% |
| Sep 30, 2022 | 4.73% |
| Jun 30, 2022 | 5.21% |
| Mar 31, 2022 | 4.97% |
| Dec 31, 2021 | 3.38% |
API Access
Cigna Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=CI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=CI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();