Earnings Releases·Oct 27, 2026, 5:03 PM ET

Universal Health Services, Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 net income declined 17.2% to $308.7 million ($5.22/share) on a 5.3% revenue increase to $4.733 billion, while nine-month net income fell 2.6% to $1.016 billion despite a 7.7% revenue rise to $13.867 billion.
Adjusted EBITDA net of NCI decreased 6.9% to $624.6 million in Q3 but rose 2.0% to $1.951 billion for the nine-month period; total debt increased to $5.707 billion, raising the debt-to-adjusted EBITDA ratio to 2.17x.
The company completed the acquisition of Talkspace, Inc. in August 2026 and repurchased 1.35 million shares for $242.1 million in Q3, leaving $735.4 million of remaining authorization.
A tentative settlement was reached in August 2026 regarding Cumberland Litigation claims, expected to be substantially covered by insurance and reserves, while regulatory risks regarding Medicaid eligibility and interest rates remain key headwinds.