Molina Healthcare, Inc. (MOH) Revenue History
Annual and quarterly revenue from 2002 to present
MOH Revenue Over Time (2002–2025)
MOH Revenue Growth History
21 of 23 years with positive growth- FY2002 revenue growth
- N/A
- FY2003 revenue growth
- +23.2%
- FY2004 revenue growth
- +48.1%
- FY2005 revenue growth
- +40.4%
- FY2006 revenue growth
- +21.5%
- FY2007 revenue growth
- +24.3%
- FY2008 revenue growth
- +24.9%
- FY2009 revenue growth
- +17.9%
- FY2010 revenue growth
- +11.4%
- FY2011 revenue growth
- +16.7%
- FY2012 revenue growth
- +26.4%
- FY2013 revenue growth
- +9.3%
- FY2014 revenue growth
- +46.7%
- FY2015 revenue growth
- +45.6%
- FY2016 revenue growth
- +25.9%
- FY2017 revenue growth
- +12.3%
- FY2018 revenue growth
- -5.0%
- FY2019 revenue growth
- -10.9%
- FY2020 revenue growth
- +15.4%
- FY2021 revenue growth
- +43.0%
- FY2022 revenue growth
- +15.1%
- FY2023 revenue growth
- +6.6%
- FY2024 revenue growth
- +19.3%
- FY2025 revenue growth
- +11.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $10.80B | -3.1% |
| Q4 2025 | $11.38B | +8.3% |
| Q3 2025 | $11.48B | +11.0% |
| Q2 2025 | $11.43B | +15.7% |
| Q1 2025 | $11.15B | +12.2% |
| Q4 2024 | $10.50B | +16.0% |
| Q3 2024 | $10.34B | +21.0% |
| Q2 2024 | $9.88B | +18.7% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
MOH's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MOH Revenue Analysis (2002–2025)
Current Revenue & Growth
As of June 21, 2026, Molina Healthcare, Inc. (MOH) generated trailing twelve-month (TTM) revenue of $45.08 billion, reflecting slight decline in growth of -3.1% year-over-year. The most recent quarter (Q1 2026) recorded $10.80 billion in revenue, down 5.1% sequentially.
Historical Growth Trajectory
MOH's 5-year compound annual growth rate (CAGR) stands at +18.5%, indicating consistent double-digit revenue growth. The 3-year CAGR of +12.4% is below the 5-year average, signalling a growth deceleration in recent years. Molina Healthcare, Inc.'s highest annual revenue of $45.43 billion was recorded in 2025, an all-time high.
Revenue by Segment
MOH's revenue is primarily driven by Medicaid Solutions Segment (75%), Medicare (14%), and Marketplace (10%). With over half of revenue concentrated in Medicaid Solutions Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Healthcare sector peers — including CNC (+17.0% YoY), ALHC (+41.8% YoY), and UNH (+9.7% YoY) — MOH has underperformed the peer group in revenue growth. Compare MOH vs CNC →
MOH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MOHCurrent | $45.1B | -3.1% | +18.5% | 1.7% | |
 CNC | $194.8B | +17.0% | +11.9% | -3.9% | |
 ALHC | $3.9B | +41.8% | +32.7% | 0.4% | |
 UNH | $447.6B | +9.7% | +11.7% | 4.2% | |
 CVS | $402.1B | +7.6% | +8.4% | 2.6% | |
 ELV | $199.1B | +9.4% | +10.3% | 4.1% |
MOH Historical Revenue Data (2002–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $45.43B | +11.7% | $4.08B | 9.0% | $781.0M | 1.7% |
| 2024 | $40.65B | +19.3% | $4.74B | 11.7% | $1.71B | 4.2% |
| 2023 | $34.07B | +6.6% | $4.33B | 12.7% | $1.57B | 4.6% |
| 2022 | $31.97B | +15.1% | $3.93B | 12.3% | $1.17B | 3.7% |
| 2021 | $27.77B | +43.0% | $3.28B | 11.8% | $1.02B | 3.7% |
| 2020 | $19.42B | +15.4% | $2.68B | 13.8% | $1.08B | 5.6% |
| 2019 | $16.83B | -10.9% | $2.44B | 14.5% | $1.04B | 6.2% |
| 2018 | $18.89B | -5.0% | $2.62B | 13.9% | $1.13B | 6.0% |
| 2017 | $19.88B | +12.3% | $1.88B | 9.5% | $-555,000,000 | -2.8% |
| 2016 | $17.71B | +25.9% | $1.77B | 10.0% | $306.0M | 1.7% |
| 2015 | $14.07B | +45.6% | $1.64B | 11.6% | $387.0M | 2.8% |
| 2014 | $9.67B | +46.7% | $1.05B | 10.9% | $192.9M | 2.0% |
| 2013 | $6.59B | +9.3% | $875.3M | 13.3% | $136.6M | 2.1% |
| 2012 | $6.03B | +26.4% | $631.8M | 10.5% | $41.1M | 0.7% |
| 2011 | $4.77B | +16.7% | $577.5M | 12.1% | $80.2M | 1.7% |
Full Stock Analysis
Deep dive into MOH consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
24+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
MOH — Frequently Asked Questions
Quick answers to the most common questions about buying MOH stock.
Is MOH's revenue growth accelerating or slowing?
MOH revenue growth is slowing. TTM revenue is $45.1B, up -3.1% year-over-year — below the 5-year CAGR of +18.5%. The deceleration suggests maturing end-markets or increased competition.
What is MOH's revenue history from 2002 to 2026?
Molina Healthcare, Inc. (MOH) revenue history spans 2002 to 2026. TTM revenue as of 2026 is $45.1B, growing at -3.1% YoY. The 5-year CAGR is +18.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MOH's long-term revenue growth rate (CAGR)?
Molina Healthcare, Inc.'s 5-year revenue CAGR of +18.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -3.1% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MOH.
Why does MOH's quarterly revenue fluctuate?
MOH quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Molina Healthcare, Inc.'s revenue data from 2002 to 2026 shows full historical quarterly detail on this page.
How is MOH's revenue distributed by segment?
MOH reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MOH's revenue compare to industry peers?
Molina Healthcare, Inc. (MOH) with TTM revenue of $45.1B and -3.1% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.