HCA Healthcare (HCA) Revenue — Quarter Ended Dec 31, 2025
Revenue rose in the fourth quarter, extending the positive trajectory seen throughout the year. The sequential growth slowed from the prior quarter, but the year-over-year increase remained robust.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue rose in the fourth quarter, extending the positive trajectory seen throughout the year. The sequential growth slowed from the prior quarter, but the year-over-year increase remained robust.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$19.5B
Revenue reported for this quarter.
Quarter-over-quarter
+1.8%
Change from the immediately preceding quarter.
Year-over-year
+6.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$75.6B
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 |
|---|---|---|
| Mar 31, 2025 | $18.3B | +5.7% |
| Jun 30, 2025 | $18.6B | +6.4% |
| Sep 30, 2025 | $19.2B | +9.6% |
| Dec 31, 2025 | $19.5B | +6.7% |
Revenue performance
Quarterly revenue increased compared to the immediately preceding quarter, though at a more moderate pace. The revenue level reached a new high for the fiscal year.
Quarterly comparison
Compared to the same quarter one year earlier, revenue posted a solid gain. The year-over-year growth rate was consistent with the earlier quarters of the fiscal year.
What to watch
Monitor whether the sequential growth rate can maintain its momentum into the next quarter.