How does Molina Healthcare (MOH) make money?

Molina Healthcare (MOH) generates revenue primarily from Medicaid Solutions Segment, which accounted for 76.2% of total revenue in TTM through Q2 2026. The company reported $44.5B in revenue and converted 0% of it into net profit, equivalent to roughly -$7M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Molina Healthcare (MOH)?

Molina Healthcare (MOH) reported a gross profit margin of 34.6% in TTM through Q2 2026, equivalent to $15.4B in gross profit on $44.5B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Molina Healthcare (MOH)?

Molina Healthcare (MOH) reported an operating profit margin of 0.7% in TTM through Q2 2026, equivalent to $296M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Molina Healthcare (MOH)?

Molina Healthcare (MOH) reported a net profit margin of 0% in TTM through Q2 2026, equivalent to -$7M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Molina Healthcare (MOH) profitable?

Molina Healthcare (MOH) reported a net loss of $7M for TTM through Q2 2026, a net profit margin of 0%. Combined operating expenses, interest, and income taxes exceeded revenue, so the period closed in the red on a reported basis.

How much does Molina Healthcare (MOH) spend on capital expenditures?

Molina Healthcare (MOH) spent $94M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 0.2% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Molina Healthcare (MOH) generate?

Molina Healthcare (MOH) generated $271M in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 0.6%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of Molina Healthcare (MOH)?

Molina Healthcare (MOH) reports revenue across 4 reportable product segments, led by Medicaid Solutions Segment at 76.2% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Molina Healthcare Makes Money: 2026 Visual Revenue Map

Molina Healthcare (MOH) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 23, 2026).

Molina Healthcare discloses geographic revenue only in annual filings. to view the full breakdown.

Molina Healthcare (MOH) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Molina Healthcare (MOH), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Medicaid Solutions Segment	$33.9B	76.2%
Medicare	$6.61B	14.8%
Marketplace	$3.85B	8.6%
Other Segments	$135M	0.3%
Total	$44.5B	100%

Medicaid Solutions Segment$33.9B
Medicare$6.61B
Marketplace$3.85B
Other Segments$135M
Total$44.5B

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Molina Healthcare (MOH) reports revenue across 4 reportable product segments; the largest segment was Medicaid Solutions Segment at 76.2%, followed by Medicare (14.8%) and Marketplace (8.6%).

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