Fresenius Medical Care Q1 2026 operating income margin rises 3.3 percentage points to 10.1%

  • FMC posted Q1 2026 revenue of EUR 4.88 billion, down 5.5% as reported, while operating income excluding special items climbed 9.8% to EUR 467 million.
  • Operating income margin excluding special items widened 0.7 percentage points to 10.1%.
  • Care Delivery revenue fell 4.4% as reported to EUR 3.45 billion, while operating income excluding special items rose 26.4% to EUR 398 million.
  • Care Enablement revenue dropped 5% as reported to EUR 1.3 billion, while operating income excluding special items edged up 0.1% to EUR 114 million.
  • FY 2026 outlook was confirmed, calling for broadly flat revenue growth and operating income growth between positive and negative mid-single digit percent, implying an operating income margin of 10.5%-12%.


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