Company data sheet · Change Healthcare
Change Healthcare: four lost years, and the economy wasn't the reason.
- Industry
- Computer Processing & Data Preparation
- Headquarters
- United States
- Sources
- SEC filings (2018–2023), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to four straight losses. Change Healthcare earned $0.1 billion in fiscal 2018–2018. Then it lost money every year from fiscal 2019 to 2022: $1.2 billion in all.
- It wasn't the cycle. The losses began in fiscal 2019 (mostly calendar 2018), a year the US economy grew 3.0%. When a company falls while its economy grows, look inside the company first.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2020 | $0.2 billion | −$0.9 billion | |
| 2021 | $3.1 billion | −$0.1 billion | |
| 2022 | $3.5 billion | −$0.1 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 25 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (0 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 528 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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