HCA Healthcare, Inc.: Beat — EPS $7.22, Revenue $19.85B
Earnings BeatQ3 2026 · Pre-market
Did HCA Healthcare, Inc. (HCA) beat earnings today?
Yes, HCA Healthcare, Inc. (HCA) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+8.90% surprise
$7.22Actual
Expected: $6.63
vs. year ago +3.7%
Total Revenue+2.68% surprise
$19.85BActual
Expected: $19.33B
vs. year ago +3.6%
Released Oct 27 · 7:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenues | $19.85B | $19.16B | +3.6% |
| Net Income | $1.58B | $1.64B | -3.9% |
| GAAP Diluted EPS | $7.27 | $6.96 | +4.5% |
| Adj. Diluted EPS | $7.22 | $6.96 | +3.7% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY2026 Outlook |
|---|---|---|
| Revenues | — | $77,000M-$79,500M |
| Net Income | — | $6,300M-$6,700M |
| Depreciation and amortization | — | $3,745M-$3,795M |
| Interest expense | — | $2,410M-$2,470M |
| Net income attributable to noncontrolling interests | — | $970M-$1,010M |
| Adjusted EBITDA | — | $15,400M-$16,100M |
| Diluted earnings per share | — | $28.70-$30.50 |
| Shares used in computing diluted earnings per share | — | 219.500M |
Business Highlights
- ➤Same-facility admissions increased 2.7% and equivalent admissions increased 3.0%.
- ➤Same-facility emergency room visits increased 5.1%.
- ➤The company experienced a payer-mix shift from increased uninsured volume.
- ➤Patients losing exchange coverage primarily drove the uninsured-volume increase.
- ➤Same-facility insured revenue per equivalent admission improved, excluding Medicaid supplemental programs.
- ➤The company repurchased 7.230 million shares during the quarter.
- ➤Approximately $4.240 billion remained under the repurchase authorization.
- ➤The Board declared a $0.78 per-share quarterly cash dividend.
- ➤HCA operated 189 hospitals and approximately 2,600 ambulatory sites.
- ➤Operations spanned 19 states and the United Kingdom.
Management Commentary
Sam Hazen, Chief Executive Officer of HCA Healthcare
“I have often mentioned that HCA has strong staying power because of our scale, the important role we play in providing critical services to communities, and our disciplined culture. Despite the challenges brought about by federal policy changes this year, our colleagues have continued to provide high-quality care to patients, and we believe HCA Healthcare is positioned to end the year positively.”