UnitedHealth Group Incorporated (UNH) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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UNH EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
UNH Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 18.5% | 4.2% | 2.7% |
| 2024 | 22.3% | 8.1% | 3.6% |
| 2023 | 24.5% | 8.7% | 6.0% |
| 2022 | 24.6% | 8.8% | 6.2% |
| 2021 | 24.2% | 8.3% | 6.0% |
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UnitedHealth Group Incorporated (UNH) Earnings Overview
As of May 6, 2026, UnitedHealth Group Incorporated (UNH) reported trailing twelve-month net income of $12.04B, reflecting -14.7% year-over-year growth. The company earned $13.24 per diluted share over the past four quarters, with a net profit margin of 2.7%.
Looking at the long-term picture, UNH's 5-year EPS compound annual growth rate (CAGR) stands at -3.8%, signaling declining earnings. The company achieved its highest annual net income of $22.38B in fiscal 2023.
UnitedHealth Group Incorporated maintains positive profitability with a gross margin of 18.5%, operating margin of 4.2%, and net margin of 2.7%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including CVS ($1.77B net income, 0.4% margin), ELV ($5.24B net income, 2.8% margin), CI ($6.29B net income, 2.2% margin), UNH has outperformed on profitability metrics. Compare UNH vs CVS →
UNH Earnings vs Peers
Earnings metrics vs comparable public companies
UNH Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $12.06B | -16.3% | $18.96B | $13.23 | 2.7% | 4.2% |
| 2024 | $14.40B | -35.6% | $32.29B | $15.51 | 3.6% | 8.1% |
| 2023 | $22.38B | +11.2% | $32.36B | $23.86 | 6.0% | 8.7% |
| 2022 | $20.12B | +16.4% | $28.43B | $21.18 | 6.2% | 8.8% |
| 2021 | $17.29B | +12.2% | $23.97B | $18.08 | 6.0% | 8.3% |
| 2020 | $15.40B | +11.3% | $22.41B | $16.03 | 6.0% | 8.7% |
| 2019 | $13.84B | +15.5% | $19.68B | $14.33 | 5.7% | 8.1% |
| 2018 | $11.99B | +13.5% | $17.34B | $12.19 | 5.3% | 7.7% |
| 2017 | $10.56B | +50.5% | $15.21B | $10.72 | 5.2% | 7.6% |
| 2016 | $7.02B | +20.7% | $12.93B | $7.25 | 3.8% | 7.0% |
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Start ComparisonUNH — Frequently Asked Questions
Quick answers to the most common questions about buying UNH stock.
Is UNH growing earnings?
UNH EPS fell to $13.24, with earnings declining -14.7%. This contrasts with the 5-year CAGR of -3.8%. TTM net income dropped to $12.0B.
What are UNH's profit margins?
UnitedHealth Group Incorporated net margin is +2.7%, with operating margin at +4.2%. Below-average margins reflect competitive or cost pressures.
How consistent are UNH's earnings?
UNH earnings data spans 1989-2025. The declining earnings trend is -14.7% YoY. Historical data enables comparison across business cycles.