Molina Healthcare (MOH) Operating Margin (2010 - 2026)
Molina Healthcare's (MOH) quarterly Operating Margin came in at 1.33% in Q2 2026, down 193.0% year-over-year from 1.43% in Q2 2025, and up 46.9% quarter-over-quarter from 0.91% in Q1 2026.
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Molina Healthcare (MOH) Operating Margin (2010 - 2026) Analysis & Trends
Molina Healthcare has disclosed Operating Margin across 17 years of filings, most recently posting 1.33% for Q2 2026.
- In Q2 2026, Operating Margin fell 193.0% year-over-year to 1.33%; the TTM figure through Jun 2026 stood at 0.49% (down 332.0% YoY), while the FY2025 annual figure was 1.72%, down 248.0% from the prior year.
- Operating Margin came in at 1.33% for Q2 2026 at Molina Healthcare, up from 0.91% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 5.58% in Q1 2023 to a low of 1.42% in Q4 2025.
- Average Operating Margin over 5 years is 3.44%, with a median of 4.2% recorded in 2023.
- Year-over-year, Operating Margin jumped 136 bps in 2022 and tumbled 504 bps in 2025.
- Over 5 years, Operating Margin stood at 4.5% in 2022, then declined by 22 bps to 3.49% in 2023, then rose by 4 bps to 3.62% in 2024, then tumbled by 139 bps to 1.42% in 2025, then jumped by 194 bps to 1.33% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 1.33% in Q2 2026, 0.91% in Q1 2026, and 1.42% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 359.38 Bn | 333.97 Bn | 36.67 Bn | 7.13% |
| 2 | Cvs Health | 123.65 Bn | 109.89 Bn | 47.23 Bn | 4.43% |
| 3 | Elevance Health | 88.36 Bn | 52.55 Bn | 13.45 Bn | 1.39% |
| 4 | Cigna | 74.65 Bn | 67.69 Bn | 14.97 Bn | 3.73% |
| 5 | Humana | 48.21 Bn | 24.40 Bn | 5.50 Bn | 3.33% |
| 6 | Centene | 33.12 Bn | 6.13 Bn | 14.55 Bn | 2.24% |
| 7 | Molina Healthcare | 10.45 Bn | 1.53 Bn | 1.43 Bn | 1.33% |
| 8 | Oscar Health | 8.81 Bn | 262.35 Mn | 1.09 Bn | 7.96% |
| 9 | Corvel | 3.47 Bn | 3.12 Bn | - | - |
| 10 | Alignment Healthcare | 2.81 Bn | 2.10 Bn | 180.96 Mn | 3.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.33% |
| Mar 31, 2026 | 0.91% |
| Dec 31, 2025 | -1.42% |
| Sep 30, 2025 | 1.19% |
| Jun 30, 2025 | 3.26% |
| Mar 31, 2025 | 3.88% |
| Dec 31, 2024 | 3.62% |
| Sep 30, 2024 | 4.52% |
| Jun 30, 2024 | 4.39% |
| Mar 31, 2024 | 4.29% |
| Dec 31, 2023 | 3.49% |
| Sep 30, 2023 | 4.20% |
| Jun 30, 2023 | 5.32% |
| Mar 31, 2023 | 5.58% |
| Sep 30, 2022 | 4.50% |
| Jun 30, 2022 | 4.63% |
| Mar 31, 2022 | 4.79% |
| Dec 31, 2021 | 2.58% |
| Sep 30, 2021 | 3.14% |
| Jun 30, 2021 | 4.01% |