Medicaid was Molina Healthcare’s largest segment in fiscal 2025, bringing in $32.24B of $32.33B (100%).
| Segment | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2019 | FY 2021 | FY 2023 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Medicaid | $26.33B | $32.24B | |||||||
| Health Plans | — | — | |||||||
| Medicare | $4.18B | — | |||||||
| Marketplace | $2.02B | — | |||||||
| Molina Medicaid Solutions | — | — | |||||||
| Other | — | $90.00M | |||||||
| Total | $32.53B | $32.33B |
Molina Healthcare brought in $32.33B from its two segments in fiscal 2025, the year ended December 31, 2025. Molina Healthcare regrouped these segments after fiscal 2023, so the total does not compare directly with that year's $32.53B. Medicaid was the largest at $32.24B (99.7%), ahead of Other at $90.00M (0.3%).
Molina Healthcare stopped reporting Medicare ($4.18B in fiscal 2023) and Marketplace ($2.02B in fiscal 2023) as separate segments.
Other Geographical Areas was Molina Healthcare’s largest region in fiscal 2021, bringing in $4.75B of $26.86B (18%).
| Geography | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|
| Washington | $2.70B | — | $4.42B |
| Texas | $2.99B | — | $3.96B |
| Other Geographical Areas | $2.16B | — | $4.75B |
| Ohio | $2.55B | — | $3.17B |
| California | $2.27B | — | $2.40B |
| Kentucky | — | — | $1.98B |
| Michigan | $1.62B | — | $1.92B |
| Illinois | $1.00B | — | $1.86B |
| New York | $179.00M | $1.01B | $1.43B |
| Florida | $734.00M | — | $970.00M |
| Total | $16.21B | $1.01B | $26.86B |
Molina Healthcare brought in $26.86B from its 10 regions in fiscal 2021, the year ended December 31, 2021. Molina Healthcare regrouped these regions after fiscal 2020, so the total does not compare directly with that year's $1.01B. Other Geographical Areas was the largest at $4.75B (17.7%), ahead of Washington at $4.42B (16.5%) and Texas at $3.96B (14.7%). The other seven regions brought in $13.73B combined.
Molina Healthcare began breaking out Kentucky in fiscal 2021, when it brought in $1.98B.
Molina Healthcare (MOH) reports its revenue by segment and by geography. In fiscal 2025, Medicaid was its largest segment, bringing in $32.24B (99.7% of the total), followed by Other at $90.00M (0.3%).
Medicaid was Molina Healthcare's largest segment in fiscal 2025, bringing in $32.24B, or 99.7% of the $32.33B total across its two segments.
Other Geographical Areas was Molina Healthcare's largest region in fiscal 2021, bringing in $4.75B, or 17.7% of the $26.86B total across its 10 regions.
Every figure comes from Molina Healthcare's annual financial filings, as reported. Each line keeps the name Molina Healthcare gives it, and years follow its fiscal calendar.
Molina Healthcare's revenue by segment goes back to fiscal 2013, 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.