The Cigna Group stock research
FY2026 Q1
The Cigna Group (CI) Gross Margin & Quarterly History
Explore The Cigna Group (CI) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
In the current quarter, revenue and gross profit both decreased compared to the prior quarter, but cost of revenue decreased at a faster rate, resulting in an improved gross margin. Compared to the same quarter one year earlier, revenue increased while gross profit decreased, as cost of revenue grew more than revenue, leading to a weakened gross margin.
- The strongest observable margin driver is the relationship between cost of revenue and revenue. Sequentially, cost of revenue declined more sharply than revenue, supporting margin improvement. Year-over-year, cost of revenue increased at a higher rate than revenue, compressing gross profit.
- Gross margin improved from the immediately preceding quarter but weakened compared to the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
21.0%
Gross profit
$14.4B
Revenue
$68.5B
Cost of revenue
$54.1B
Quarter-over-quarter change
+0.8 pts
Year-over-year change
-5.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $67.2B | $13.9B | $53.3B | 20.7% |
| Sep 30, 2025 | $69.7B | $14.2B | $55.5B | 20.4% |
| Dec 31, 2025 | $72.5B | $14.7B | $57.8B | 20.3% |
| Mar 31, 2026 | $68.5B | $14.4B | $54.1B | 21.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+0.8 pts
Year-over-year change
Mar 31, 2025
-5.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relationship between cost of revenue and revenue. Sequentially, cost of revenue declined more sharply than revenue, supporting margin improvement. Year-over-year, cost of revenue increased at a higher rate than revenue, compressing gross profit.
Gross margin improved from the immediately preceding quarter but weakened compared to the same quarter one year earlier.
Monitor the trend in cost of revenue relative to revenue, as it has been the primary factor influencing gross margin changes.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| The Cigna Group (CI) | 21.0% |