HCA Healthcare (HCA) Revenue — Quarter Ended Sep 30, 2025
Revenue for the quarter increased compared to the prior quarter and rose sharply versus the same quarter a year earlier. The sequential and annual growth indicate continued expansion in the company's top line.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue for the quarter increased compared to the prior quarter and rose sharply versus the same quarter a year earlier. The sequential and annual growth indicate continued expansion in the company's top line.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$19.2B
Revenue reported for this quarter.
Quarter-over-quarter
+3.0%
Change from the immediately preceding quarter.
Year-over-year
+9.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$74.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2024 | $18.3B | +5.7% |
| Mar 31, 2025 | $18.3B | +5.7% |
| Jun 30, 2025 | $18.6B | +6.4% |
| Sep 30, 2025 | $19.2B | +9.6% |
Revenue performance
Reported revenue moved higher from the immediately preceding quarter. The improvement reflects a strengthening trend when compared with the prior three-month period.
Quarterly comparison
Revenue was higher than in the same quarter one year earlier, extending the year-over-year gain seen in the most recent comparable periods. The sequential increase also exceeded the pace of the prior quarter's change.
What to watch
The filing context mentions a decline in working capital and increased short-term borrowings, which may warrant attention in future quarters.