Oakland, Calif.-based Kaiser Permanente reported total operating revenue of $70.2 billion in the first half of 2026, up from $63.9 billion during the same period last year.
The system reported operating income of $2.4 billion (3.4% operating margin) for the six months ended June 30, up from $2 billion (3.1% margin) during the same period last year, according to its Aug. 19 financial report.
Below is Kaiser’s operating revenue by geographical market for the first six months of 2026 and 2025:
Northern California
2026: $25 billion
2025: $23 billion
Southern California
2026: $23.4 billion
2025: $21.2 billion
Mid-Atlantic
2026: $3.3 billion
2025: $3.1 billion
Northwest
2026: $3 billion
2025: $2.9 billion
Washington
2026: $2.7 billion
2025: $2.5 billion
Colorado
2026: $2.5 billion
2025: $2.3 billion
Georgia
2026: $1.7 billion
2025: $1.3 billion
Hawaii
2026: $1.3 billion
2025: $1.2 billion
Nevada
2026: $254 million
2025: N/A
Other
2026: $287 million
2025: $305 million
Risant Health
2026: $6.7 billion
2025: $6.1 billion
Four things to know:
1. Nevada is a new addition to Kaiser’s regional revenue breakdown. The market reflects the Feb. 1 joint venture between Kaiser Foundation Health Plan and Reno, Nev.-based Renown Health, which established Kaiser’s first presence in northern Nevada. The health plans formerly operated by Renown were renamed Kaiser Foundation Health Plan of Nevada and Kaiser Insurance Company of Nevada.
2. Among Kaiser’s established markets, Georgia saw the largest year-over-year revenue increase, growing 30.7%.
3. Risant Health, a nonprofit created by Kaiser to expand value-based care by partnering with community health systems, operates in Pennsylvania and North Carolina through affiliates Geisinger (Danville, Pa.) and Cone Health (Greensboro, N.C.). About 72% of Risant’s operating revenue was attributable to Pennsylvania, with the remainder from North Carolina.
4. Systemwide, total operating revenues grew about 9.8% year over year, driven by growth across members’ dues, Medicare Advantage and patient service revenue. Kaiser’s total membership reached 12.9 million as of June 30, 2026, up from 12.5 million at the end of 2025, with about 75% of members enrolled in California.
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