Reporting a net income of $608 million, Ascension today announced strong financial results through Q2 FY26, which concluded on December 31, 2025. This performance demonstrates continued success in increasing operational efficiency, broadening access to care, and solidifying its ability to serve communities.
Through the first half of FY26, Ascension delivered a meaningful year-over-year improvement in operating performance, reporting a total operating loss of $139 million compared to a $365 million loss through Q2 FY25, which was a $226 million improvement year over year.
Recurring operating EBIDA reached $492 million, with a recurring operating EBIDA margin of 4.1% year to date.
Performance across Ascension’s acute care facilities improved during the quarter as access-focused strategies resulted in higher patient volumes and more connected care delivery. Same-facility revenue increased by 10% compared to year to date Q2 FY25, supported by continued investment in ambulatory services, service line growth, and community-based care settings. A 1.9% improvement in same-facility length of stay reflects more efficient care, minimizing unnecessary time in the hospital while maintaining high-quality outcomes. Ongoing advancements in tools and technologies helped streamline operations and make care easier to access and navigate, advancing Ascension’s Mission across the communities it serves.
“These results show Ascension is continuing to strengthen operations and expand access for people and communities,” said Eduardo Conrado, President and CEO of Ascension. “We are building a more consistent and predictable way of operating, putting people first by making care easier to access, easier to navigate, and delivered in the right setting at the right time. We are modernizing how we deliver care around what people need, making it more connected and improving the experience for patients, families, and communities.”
Through six months of FY26, Ascension has provided a total of approximately $1.5 billion in community benefit. This includes $632 million in care for persons living in poverty and other community benefit programs, along with an additional $823 million of unreimbursed support for Medicare patients, as Ascension aims to bring health, healing, and hope to all.
During the quarter, access to care expanded across key markets through targeted service-line growth, larger care teams, and new care settings. In Florida, Ascension opened an emergency care facility in Perdido Key and launched telehealth maternity services, extending care beyond traditional hospital settings. At Ascension St. John Owasso Hospital in Oklahoma, the addition of midwives to the labor and delivery unit expanded maternity care options and improved access to personalized care for expectant mothers. Ascension broadened access to preventive services through the Ascension Saint Thomas mobile mammography program, bringing critical screening services directly to rural communities and younger populations across Tennessee.
Ascension also invested in imaging and surgical technology to strengthen clinical capabilities. Ascension Sacred Heart facilities in Florida introduced PET and PET-CT imaging systems to enable earlier cancer diagnosis and treatment planning, while Dell Children’s Medical Center in Texas unveiled a new intraoperative MRI surgical suite to support greater precision during complex procedures. These investments support higher-acuity care, improved outcomes, and more efficient care delivery across the system.
Ascension continues to address community health needs through programs focused on outreach, prevention, and social support. Medical Mission at Home events were held in multiple states, including Wisconsin and Indiana, providing free medical services to individuals without reliable access to care. In Indiana, Ascension St. Vincent teams partnered with community organizations to deliver Thanksgiving meals to seniors and strengthen food security efforts. In Florida, Ascension enhanced its navigator program to better support expectant and new mothers facing barriers to care.
“This quarter’s results show continued improvement in financial performance alongside growth in patient volumes and service utilization,” said Saurabh Tripathi, Executive Vice President and Chief Financial Officer of Ascension. “Stronger operating results are being driven by more efficient care delivery and increased demand across key services, allowing us to reinvest in access, clinical capabilities, and community-based care. We continue to exercise strong discipline in capital deployment as we expand clinical care to our communities.”
Looking ahead, Ascension is positioned to build on its operational momentum, strengthen financial performance, and continue delivering care through a more consistent and disciplined operating model. With Conrado assuming the role of President and Chief Executive Officer on January 1, 2026, the organization remains focused on providing coordinated, high-quality care that meets community needs and supports long-term stability.
