Molina Healthcare Q4 revenue climbs 17% to $11.3B, EPS rises to $3.45; 2026 guidance set
Molina Healthcare posted Q4 revenue of $11.3 billion, up 17% year-over-year, and reported adjusted EPS of $3.45 versus $3.10 in Q4 2024. Membership climbed 7% to 4.3 million lives as management affirmed 2026 targets of $43.5 billion in revenue and 4.8 million members.
1. Q4 Financial Results
Molina Healthcare delivered Q4 revenue of $11.3 billion, marking a 17% increase from $9.7 billion a year earlier. Adjusted EPS rose to $3.45 from $3.10 in Q4 2024, driven by premium rate increases and disciplined expense management.
2. Membership Expansion
Total members grew by 7% to 4.3 million lives, reflecting strong enrollment in Medicaid and Medicare Advantage products. Growth was led by new state program awards and expansion in key markets such as California and Florida.
3. 2026 Guidance
Management affirmed full-year 2026 revenue guidance of $43.5 billion and forecast membership of 4.8 million lives, implying mid-single-digit growth in premiums and continued margin expansion. The company reiterated its focus on cost control to support earnings leverage.
4. Strategic Outlook
Executives emphasized investments in technology platforms to improve care coordination and reduce medical loss ratios. They highlighted ongoing initiatives in behavioral health integration and value-based contracting as key drivers of future profitability.