Operating Income for HCA Healthcare (HCA)
According to HCA Healthcare's latest reported financial statements, the company's current operating income (TTM) is $11.97B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$11.97B
YoY change
+13.4%
5Y CAGR
+10.5%
Peak year (1998)
$16.89B
Cumulative operating income
$198.67B
Operating Income history chart for HCA Healthcare (HCA) from 1990 to 2025
Operating Income history table for HCA Healthcare (HCA) from 1990 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $11.96B | +13.4% | ||
| 2024 | $10.55B | +9.6% | ||
| 2023 | $9.63B | +6.3% | ||
| 2022 | $9.05B | -6.5% | ||
| 2021 | $9.68B | +33.3% | ||
| 2020 | $7.26B | +0.6% | ||
| 2019 | $7.22B | +8.7% | ||
| 2018 | $6.64B | +9.7% | ||
| 2017 | $6.06B | -2.3% | ||
| 2016 | $6.20B | +3.9% | ||
| 2015 | $5.96B | +7.2% | ||
| 2014 | $5.57B | +16.1% | ||
| 2013 | $4.79B | -0.5% | ||
| 2012 | $4.82B | +11.0% | ||
| 2011 | $4.34B | +4.2% | ||
| 2010 | $4.17B | +9.6% | ||
| 2009 | $3.80B | +29.5% | ||
| 2008 | $2.94B | -0.6% | ||
| 2007 | $2.95B | +4.1% | ||
| 2006 | $2.84B | -2.3% | ||
| 2005 | $2.90B | +6.9% | ||
| 2004 | $2.72B | -2.9% | ||
| 2003 | $2.80B | +36.5% | ||
| 2002 | $2.05B | -7.9% | ||
| 2001 | $2.23B | -86.6% | ||
| 2000 | $16.55B | +0.7% | ||
| 1999 | $16.44B | -2.7% | ||
| 1998 | $16.89B | +1342.5% | ||
| 1997 | $1.17B | -59.6% | ||
| 1996 | $2.90B | +9.6% | ||
| 1995 | $2.64B | +75.3% | ||
| 1994 | $1.51B | +9.0% | ||
| 1993 | $1.38B | +3292.2% | ||
| 1992 | $40.80M | +106.1% | ||
| 1991 | $19.80M | +15.1% | ||
| 1990 | $17.20M | — |
Operating Income values are taken from HCA Healthcare's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for HCA Healthcare (HCA) came in at $11.96B – grew 13.4% year-over-year.
HCA Healthcare operating income has grown for 3 consecutive years, with a +10.5% compound annual growth rate over 2020–2025 (5 years).
HCA Healthcare operating income declined from $16.89B in 1998 to $11.96B in 2025, a 29.2% drawdown.
$16.89B stands as the all-time-high annual operating income, posted in 1998, against a low of $17.20M during 1990.
Among 8 Healthcare peers, HCA Healthcare (HCA) ranks 8th; the peer median for operating income is $22.84B.
HCA Healthcare Operating Income by Year
HCA Healthcare Operating Income 2025: $11.96B
HCA Healthcare operating income in 2025 was $11.96B, grew 13.4% from 2024.
HCA Healthcare Operating Income 2024: $10.55B
HCA Healthcare operating income in 2024 was $10.55B, grew 9.6% from 2023.
HCA Healthcare Operating Income 2023: $9.63B
HCA Healthcare operating income in 2023 was $9.63B, grew 6.3% from 2022.
HCA Healthcare Operating Income 2022: $9.05B
HCA Healthcare operating income in 2022 was $9.05B, declined 6.5% below 2021.
HCA Healthcare Operating Income 2021: $9.68B
HCA Healthcare operating income in 2021 was $9.68B.
See more financial history for HCA Healthcare (HCA).
Sector peers — Operating Income
Companies in the same sector as HCA Healthcare, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $127.66B | Healthcare |
| Eli Lilly and Company (LLY) | $29.70B | Healthcare |
| Merck & Co., Inc. (MRK) | $26.78B | Healthcare |
| Johnson & Johnson (JNJ) | $25.60B | Healthcare |
| AbbVie Inc. (ABBV) | $20.09B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $18.96B | Healthcare |
| AstraZeneca PLC (AZN) | $13.74B | Healthcare |
| Amgen Inc. (AMGN) | $10.68B | Healthcare |
Frequently asked questions
What is HCA Healthcare's operating income?
- Latest reported operating income for HCA Healthcare (HCA) is $11.97B (period ending March 31, 2026).
How has HCA Healthcare operating income changed year-over-year?
- HCA Healthcare (HCA) operating income changed +13.4% year-over-year on the latest annual filing.
What is the long-term growth rate of HCA Healthcare operating income?
- HCA Healthcare (HCA) operating income compound annual growth rate is +10.5% over the most recent 5 years available.
When did HCA Healthcare operating income hit its highest annual value?
- HCA Healthcare operating income reached its highest annual value of $16.89B in 1998.
What was HCA Healthcare operating income in 2024?
- HCA Healthcare (HCA) operating income in 2024 was $10.55B.
What was HCA Healthcare operating income in 2025?
- HCA Healthcare (HCA) operating income in 2025 was $11.96B.
Metrics overview
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