Kaiser Permanente Posts $495 Million Operating Income

The health system reported higher third-quarter operating income and revenue while Integris Health agreed to join Risant Health.

Updated on Nov. 9, 2026 in Healthcare

Kaiser Permanente Posts $495 Million Operating Income

Live Poll

Do you trust large health systems like Kaiser Permanente to put patients ahead of profits?

Kaiser Permanente reported operating income of $495 million for the third quarter of 2026, up from $218 million a year earlier. Total operating revenue reached $34.7 billion for the three months ended Sept. 30.

Why it matters

The results show a health system improving its margins while expanding its footprint through partnerships. For Americans, the pending addition of Integris Health to Risant Health could reshape hospital networks in several states.

Operating income rose to $495 million on $34.7 billion in revenue, compared with $218 million on $31.8 billion a year earlier. Total operating expenses were $34.2 billion, and capital spending reached $1.2 billion.

The players

Kaiser Permanente

A California-based integrated health system headquartered in Oakland that operates hospitals and a health plan serving millions of members.

Risant Health

A health system organization affiliated with Kaiser Permanente that has brought Geisinger and Cone Health into its network and now plans to add Integris Health.

Integris Health

An Oklahoma-based health system headquartered in Oklahoma City that has signed an agreement to join Risant Health.

The details

Kaiser Permanente and Risant Health committed nearly $1 billion in charitable grants, loans and investments during the quarter. Kaiser also reported net income of $2.3 billion and had more than 60 projects in active design and construction as of Sept. 30.

Q3 2025: prior-year comparison period with $218 million operating income.
Sept. 30, 2026: end of the third-quarter reporting period.
Oct. 21, 2026: Risant Health announced the Integris Health agreement.
Nov. 6, 2026: Kaiser Permanente released its financial report.

Industry Landscape

Integris would become the third health system to join Risant Health, following Geisinger and Cone Health, and would keep its name, brand, medical staff and leadership team. The move extends Risant's model of multi-system affiliation across the U.S. healthcare market.

Patients of Integris Health in Oklahoma may see their hospitals become part of a larger national network, though the company said it would keep its name and brand. Pending regulatory approval, the change would not alter existing medical staff or leadership.

The takeaway

Growing hospital systems can shift margins and patient access at the same time, so watching regulatory decisions on affiliations like Integris Health helps show where care is headed. Readers with a stake in a local hospital can ask how any affiliation would affect their care and coverage.