St. Louis-based Mercy recorded an operating income of $230.3 million (2.8% margin) through the third quarter of fiscal 2026, up from an operating loss of $57 million (-0.8% margin) through the same period last year, according to its June 2 financial report.
Four things to know:
1. Mercy reported total operating revenue of $8.1 billion through the nine months ended March 31, an 8.1% increase year over year. Patient service revenue increased 8.6% year over year to $7.4 billion, resulting from higher volumes and contracted rate improvements. Total patient discharges were 1.8% higher than the prior year.
2. Total operating expenses were $7.9 billion through Q3 2026, a 4.2% increase year over year. Salaries and benefits totaled $4.3 billion, a 0.4% increase year over year. Supplies and other expenses totaled $3.1 billion, an 11% increase.
3. Acute patient days increased 0.9% year over year. Acute length of stay was 3.9 days, compared to 4 days during the same period last year. Outpatient visits increased 19.1% year over year. Surgeries and emergency room visits were up 7.3% and 3.5%, respectively, from the prior year. Clinic visits were also up 7.3%. Mercy said these metrics increased due to an intentional effort around patient access.
4. Mercy reported a net income of $538.5 million through Q3 2026, up from a net income of $74.2 million during the same period last year.
