Chicago-based Northwestern Medicine recorded an operating income of $126.3 million (4.2% operating margin) in the third quarter of fiscal 2026, up from an operating income of $111 million (4.1% margin) during the same period last year, according to its July 15 financial report.
Northwestern Medicine reported total operating revenue of $3 billion during the three months ended May 31, up from $2.7 billion during the same period last year. Patient service revenue was $2.7 billion, up from $2.5 billion.
Total operating expenses were $2.9 billion in Q3 2026, up from $2.6 billion during the same period last year. Salaries and employee benefits totaled $1.4 billion, up from $1.3 billion. Supply expenses totaled $752.8 million, up from $655.4 million. Purchased services totaled $263 million, up from $237.4 million.
Northwestern Medicine reported a net income of $577.8 million in Q3 2026, up from $220.3 million during the same period last year.
