HCA Healthcare's Revenue by Segment

In fiscal year 2025, HCA Healthcare's revenue by segment (products & services) are as follows:

International: $1.86 B
Managed Care And Other Insurers: $36.97 B
Managed Medicaid: $3.69 B
Managed Medicare: $13.44 B
Medicaid: $5.91 B
Medicare: $11.27 B

Learn more about HCA Healthcare’s Revenue by Geography

Check out competitors to HCA Healthcare in a side-by-side comparison.

Explore additional financial metrics for HCA Healthcare.


International	1509000000
Managed Care And Other Insurers	31819000000
Managed Medicaid	3879000000
Managed Medicare	10496000000
Medicaid	3606000000
Medicare	10585000000


International	1682000000
Managed Care And Other Insurers	34954000000
Managed Medicaid	3980000000
Managed Medicare	11987000000
Medicaid	4678000000
Medicare	10780000000


International	1864000000
Managed Care And Other Insurers	36968000000
Managed Medicaid	3693000000
Managed Medicare	13435000000
Medicaid	5909000000
Medicare	11273000000

The above chart shows HCA Healthcare's revenue percentage share by segment (products and services).

In fiscal year 2025, HCA Healthcare's revenue by segment is as follows:

International generated $1.86 B in revenue, representing 2.55% of its total revenue.
Managed Care And Other Insurers generated $36.97 B in revenue, representing 50.54% of its total revenue.
Managed Medicaid generated $3.69 B in revenue, representing 5.05% of its total revenue.
Managed Medicare generated $13.44 B in revenue, representing 18.37% of its total revenue.
Medicaid generated $5.91 B in revenue, representing 8.08% of its total revenue.
Medicare generated $11.27 B in revenue, representing 15.41% of its total revenue.

The biggest segment for HCA Healthcare is the Managed Care And Other Insurers, which represents 50.54% of its total revenue.
The smallest segment for HCA Healthcare is the International, which represents 2.55% of its total revenue.

Summary Table

Products & Services (Percent Share)	2023	2024	2025
International	2.44%	2.47%	2.55%
Medicare	17.1%	15.84%	15.41%
Medicaid	5.83%	6.87%	8.08%
Managed Medicare	16.96%	17.61%	18.37%
Managed Medicaid	6.27%	5.85%	5.05%
Managed Care And Other Insurers	51.41%	51.36%	50.54%
Total Revenue	100%	100%	100%

The above chart shows the revenue trend of different segments of HCA Healthcare.

In fiscal year 2025, the Managed Care And Other Insurers generated the most revenue ($36.97 B), and the International generated the least revenue ($1.86 B).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

International revenue increased 10.82% ($182.00 M) from $1.68 B (in 2024) to $1.86 B (in 2025).

Managed Care And Other Insurers revenue increased 5.76% ($2.01 B) from $34.95 B (in 2024) to $36.97 B (in 2025).

Managed Medicaid revenue decreased -7.21% ($287.00 M) from $3.98 B (in 2024) to $3.69 B (in 2025).

Managed Medicare revenue increased 12.08% ($1.45 B) from $11.99 B (in 2024) to $13.44 B (in 2025).

Medicaid revenue increased 26.31% ($1.23 B) from $4.68 B (in 2024) to $5.91 B (in 2025).

Medicare revenue increased 4.57% ($493.00 M) from $10.78 B (in 2024) to $11.27 B (in 2025).

Summary Table

Products & Services	2023 Value Change	2024 Value Change	2025 Value Change
International	$1.51 B -	$1.68 B 11.46%	$1.86 B 10.82%
Managed Care And Other Insurers	$31.82 B -	$34.95 B 9.85%	$36.97 B 5.76%
Managed Medicaid	$3.88 B -	$3.98 B 2.60%	$3.69 B 7.21%
Managed Medicare	$10.50 B -	$11.99 B 14.21%	$13.44 B 12.08%
Medicaid	$3.61 B -	$4.68 B 29.73%	$5.91 B 26.31%
Medicare	$10.59 B -	$10.78 B 1.84%	$11.27 B 4.57%
Total Revenue	$64.97 B -	$70.60 B 8.67%	$75.60 B 7.08%