Humana (HUM) Gross Margin (2009 - 2026)
Humana's Gross Margin was 13.45% in Q2 2026, down 1.44 percentage points from 14.89% a year earlier and down 1.53 percentage points from the prior quarter.
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Analysis
Humana (HUM) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Humana's Gross Margin was 13.65% through Jun 30, 2026, down 1.38 percentage points year-over-year; for FY2025, it came in at 14.54%, up 0.02 percentage points from FY2024.
- Gross Margin shows a five-year change of -5.59 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 14.52% in FY2024 (-2.38 pp), 16.90% in FY2023 (-1.60 pp), 18.50% in FY2022 (+1.81 pp) and 16.69% in FY2021 (-3.43 pp).
- Quarterly Gross Margin has moved between 11.67% (Q4 2025) and 19.36% (Q3 2022) over five years.
- Compared with a year earlier, Gross Margin has declined for five straight quarters, with an average year-over-year change of -0.95 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q3 2022 (a gain of 3.03 percentage points); the worst was Q3 2021 (a drop of 5.90 percentage points).
- Per Business Quant data, HUM's Gross Margin in the three quarters before Q2 2026 was 14.98% (Q1 2026), 11.67% (Q4 2025) and 14.27% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 362.93 Bn | 249.60 Bn | 35.71 Bn | 31.69% |
| 2 | Mckesson | 125.16 Bn | 109.10 Bn | 3.96 Bn | 3.57% |
| 3 | Cvs Health | 113.93 Bn | 62.88 Bn | 47.21 Bn | 43.56% |
| 4 | Elevance Health | 92.83 Bn | -49.64 Bn | 13.65 Bn | 26.54% |
| 5 | Cigna | 79.88 Bn | 49.09 Bn | 15.09 Bn | 20.48% |
| 6 | Cencora | 66.55 Bn | 66.55 Bn | 3.60 Bn | - |
| 7 | Cardinal Health | 64.00 Bn | 47.32 Bn | 2.60 Bn | 3.85% |
| 8 | Humana | 52.60 Bn | -38.18 Bn | 4.83 Bn | 11.74% |
| 9 | Centene | 34.53 Bn | -39.52 Bn | 8.24 Bn | 16.56% |
| 10 | Molina Healthcare | 10.74 Bn | -24.26 Bn | 1.36 Bn | 12.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.74% |
| Jun 30, 2026 | 13.45% |
| Mar 31, 2026 | 14.98% |
| Dec 31, 2025 | 11.67% |
| Sep 30, 2025 | 14.27% |
| Jun 30, 2025 | 14.89% |
| Mar 31, 2025 | 17.37% |
| Dec 31, 2024 | 13.12% |
| Sep 30, 2024 | 14.55% |
| Jun 30, 2024 | 15.24% |
| Mar 31, 2024 | 15.15% |
| Dec 31, 2023 | 13.91% |
| Sep 30, 2023 | 17.70% |
| Jun 30, 2023 | 17.71% |
| Mar 31, 2023 | 18.26% |
| Dec 31, 2022 | 17.19% |
| Sep 30, 2022 | 19.36% |
| Jun 30, 2022 | 19.28% |
| Mar 31, 2022 | 18.13% |
| Dec 31, 2021 | 17.17% |
API Access
Humana Gross 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=gross-margin&ticker=HUM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "HUM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=HUM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();