Chicago-based Northwestern Medicine recorded an operating income of $166 million (5.4% operating margin) in the first quarter of fiscal 2026, up from an operating income of $135.5 million (5.2% operating margin) during the same period last year, according to its Jan. 16 financial report.
Northwestern Medicine posted revenue of $3.1 billion for the three months ended Nov. 30, up from $2.6 billion during the same period last year. Patient service revenue was $2.8 billion, up from $2.4 billion.
Total operating expenses were $2.9 billion in the first quarter of 2026, up from $2.5 billion last year. Salaries and employee benefits totaled $1.4 billion, up from $1.2 billion. Supply expenses totaled $727.2 million, up from $623.8 million.
After accounting for nonoperating items, such as investment returns, Northwestern reported a net income of $394.7 million in the first quarter of 2026, up from $377.4 million recorded during the same period last year.
