Medicaid was Centene’s largest segment in fiscal 2025, bringing in $110.43B of $194.78B (57%).
| Segment | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Medicaid | $93.15B | $100.76B | $101.42B | $110.43B | ||||||||
| Managed Care | — | — | — | — | ||||||||
| Commercial | $17.38B | $24.85B | $33.70B | $42.00B | ||||||||
| Medicare | $22.48B | $22.26B | $23.03B | $37.21B | ||||||||
| Specialty Services | — | — | — | — | ||||||||
| Other | $11.53B | $6.13B | $4.92B | $5.13B | ||||||||
| Intersegment Eliminations | — | — | — | — | ||||||||
| Total | $144.55B | $154.00B | $163.07B | $194.78B |
Centene brought in $194.78B from its four segments in fiscal 2025, the year ended December 31, 2025. That was up 19.4% from $163.07B in fiscal 2024. Medicaid was the largest at $110.43B (56.7%), ahead of Commercial at $42.00B (21.6%) and Medicare at $37.21B (19.1%). The remaining segment, Other, brought in $5.13B.
Compared with fiscal 2024, Medicare grew fastest, up 61.6% to $37.21B. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew from $144.55B to $194.78B, a compound annual growth rate of 10.5%. Medicaid's share of the total fell from 64.4% to 56.7%.
Centene (CNC) reports its revenue by segment. In fiscal 2025, Medicaid was its largest segment, bringing in $110.43B (56.7% of the total), followed by Commercial at $42.00B (21.6%).
Medicaid was Centene's largest segment in fiscal 2025, bringing in $110.43B, or 56.7% of the $194.78B total across its four segments.
Among Centene's segments that make up at least 2% of revenue, Medicare grew fastest in fiscal 2025, up 61.6% from $23.03B to $37.21B.
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 2014, 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.