Premium & Service Revenues was Centene’s largest segment in fiscal 2025, bringing in $90.24B of $186.32B (48%).
| Segment | FY 2016 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Premium | $84.08B | $86.85B | $83.76B | $90.14B | ||||
| Health Care, Premium | — | — | — | — | ||||
| Premium & Service Revenues | $17.38B | $24.85B | $23.03B | $90.24B | ||||
| Service | $16.69B | $4.46B | $3.11B | $5.95B | ||||
| Total | $118.16B | $116.15B | $109.90B | $186.32B |
Centene brought in $186.32B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 69.5% from $109.90B in fiscal 2024. Premium & Service Revenues was the largest at $90.24B (48.4%), ahead of Premium at $90.14B (48.4%) and Service at $5.95B (3.2%).
Compared with fiscal 2024, Premium & Service Revenues grew fastest, up 291.8% to $90.24B. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew from $118.16B to $186.32B, a compound annual growth rate of 16.4%. Premium & Service Revenues' share of the total rose from 14.7% to 48.4%.
Medicaid was Centene’s largest segment in fiscal 2024, bringing in $83.76B of $143.60B (58%).
| Statement Business Segments | FY 2011 | FY 2012 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Medicaid | $76.13B | $84.08B | $86.86B | $83.76B | ||||||||
| Managed Care | — | — | — | — | ||||||||
| Managed Care | — | — | — | — | ||||||||
| Commercial | $16.95B | $17.38B | $24.84B | $33.70B | ||||||||
| Medicare | $17.51B | $22.48B | $22.26B | $23.03B | ||||||||
| Medicaid Managed Care | — | — | — | — | ||||||||
| Other | $5.65B | $8.35B | $4.46B | $3.11B | ||||||||
| Specialty Services | — | — | — | — | ||||||||
| Total | $116.24B | $132.29B | $138.41B | $143.60B |
Centene brought in $143.60B from its four segments in fiscal 2024, the year ended December 31, 2024. That was up 3.7% from $138.41B in fiscal 2023. Medicaid was the largest at $83.76B (58.3%), ahead of Commercial at $33.70B (23.5%) and Medicare at $23.03B (16.0%). The remaining segment, Other, brought in $3.11B.
Compared with fiscal 2023, Commercial grew fastest, up 35.6% to $33.70B, while Other fell the most, down 30.3% to $3.11B. From fiscal 2021 to 2024, combined revenue from these segments grew from $116.24B to $143.60B, a compound annual growth rate of 7.3%. Medicaid's share of the total fell from 65.5% to 58.3%.
External Customer was Centene’s largest revenue line in fiscal 2012, bringing in $8.24B of $8.15B (101%).
| Major Customers | FY 2011 | FY 2012 |
|---|---|---|
| External Customer | $4.57B | $8.24B |
| Internal Customer | -$64.81M | -$87.00M |
| Total | $4.51B | $8.15B |
Centene brought in $8.15B from its two revenue lines in fiscal 2012, the year ended December 31, 2012. That was up 80.9% from $4.51B in fiscal 2011. External Customer was the largest at $8.24B (101.1%).
The total is net of Internal Customer, which took $87.00M off revenue in fiscal 2012.
Centene (CNC) reports its revenue by segment, by statement business segments and by major customers. In fiscal 2025, Premium & Service Revenues was its largest segment, bringing in $90.24B (48.4% of the total), followed by Premium at $90.14B (48.4%).
Premium & Service Revenues was Centene's largest segment in fiscal 2025, bringing in $90.24B, or 48.4% of the $186.32B total across its three segments.
External Customer was Centene's largest revenue line in fiscal 2012, bringing in $8.24B, or 101.1% of the $8.15B total across its two revenue lines.
Among Centene's segments that make up at least 2% of revenue, Premium & Service Revenues grew fastest in fiscal 2025, up 291.8% from $23.03B to $90.24B.
Every figure comes from Centene's annual financial filings, as reported. Each line keeps the name Centene gives it, and years follow its fiscal calendar.
Centene's revenue by segment goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.