UnitedHealth Group Incorporated (UNH) quarterly income statement — complete revenue, gross profit & net income history
UnitedHealth Group Incorporated (UNH) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Revenue | 112.03B | 111.72B | 113.22B | 113.16B | 111.62B | 109.58B | 100.81B | 100.82B | 98.86B | 99.8B | 94.43B | 92.36B | 92.9B | 91.93B | 82.79B | 80.89B | 80.33B | 80.15B | 73.74B | 72.34B |
| Revenue Growth % | 0.37% | 1.96% | 12.31% | 12.24% | 12.91% | 9.8% | 6.76% | 9.16% | 6.41% | 8.56% | 14.06% | 14.18% | 15.65% | 14.7% | 12.26% | 11.83% | 12.63% | 14.18% | 12.64% | 11.09% |
| Medical Costs & Claims | 75.36B | 86.31B | 94.72B | 92.52B | 91.6B | 85.8B | 79.5B | 77.79B | 76.8B | 76.79B | 72.42B | 68.97B | 70.02B | 69.25B | 61.91B | 60.94B | 60.69B | 61.01B | 56.16B | 55.1B |
| Medical Cost Ratio % | 67.26% | 77.26% | 83.66% | 81.76% | 82.07% | 78.3% | 78.86% | 77.16% | 77.69% | 76.95% | 76.7% | 74.68% | 75.36% | 75.33% | 74.78% | 75.33% | 75.55% | 76.12% | 76.16% | 76.18% |
| Gross Profit | 36.67B | 25.41B | 18.49B | 20.64B | 20.01B | 23.77B | 21.31B | 23.03B | 22.06B | 23B | 22B | 23.39B | 22.89B | 22.68B | 20.88B | 19.95B | 19.64B | 19.14B | 17.58B | 17.23B |
| Gross Margin % | 32.74% | 22.74% | 16.34% | 18.24% | 17.93% | 21.7% | 21.14% | 22.84% | 22.31% | 23.05% | 23.3% | 25.32% | 24.64% | 24.67% | 25.22% | 24.67% | 24.45% | 23.88% | 23.84% | 23.82% |
| Gross Profit Growth % | 83.26% | 6.88% | -13.21% | -10.39% | -9.27% | 3.34% | -3.15% | -1.54% | -3.63% | 1.43% | 5.36% | 17.22% | 16.51% | 18.51% | 18.76% | 15.78% | 14.77% | 8.01% | 11.55% | 10.87% |
| Operating Expenses | 28.68B | 16.42B | 18.11B | 16.32B | 14.86B | 14.65B | 13.54B | 14.32B | 14.18B | 15.07B | 14.31B | 14.86B | 14.83B | 14.6B | 13.99B | 12.49B | 12.51B | 12.19B | 12.04B | 11.52B |
| OpEx / Revenue % | 25.6% | 14.7% | 16% | 14.42% | 13.32% | 13.37% | 13.43% | 14.2% | 14.35% | 15.1% | 15.16% | 16.09% | 15.96% | 15.88% | 16.9% | 15.44% | 15.57% | 15.21% | 16.33% | 15.93% |
| Depreciation & Amortization | 1.04B | 1.03B | 1.12B | 1.1B | 1.08B | 1.06B | 1.04B | 1.04B | 1.02B | 997M | 974M | 1.01B | 1.02B | 970M | 982M | 828M | 802M | 788M | 771M | 796M |
| Combined Ratio % | 92.87% | 91.95% | 99.66% | 96.19% | 95.39% | 91.68% | 92.29% | 91.36% | 92.03% | 92.05% | 91.86% | 90.77% | 91.33% | 91.2% | 91.68% | 90.78% | 91.12% | 91.33% | 92.49% | 92.1% |
| Operating Income | 7.99B | 8.99B | 380M | 4.32B | 5.15B | 9.12B | 7.77B | 8.71B | 7.88B | 7.93B | 7.69B | 8.53B | 8.06B | 8.09B | 6.89B | 7.46B | 7.13B | 6.95B | 5.54B | 5.71B |
| Operating Margin % | 7.13% | 8.05% | 0.34% | 3.81% | 4.61% | 8.32% | 7.71% | 8.64% | 7.97% | 7.95% | 8.14% | 9.23% | 8.67% | 8.8% | 8.32% | 9.22% | 8.88% | 8.67% | 7.51% | 7.9% |
| Operating Income Growth % | 55.16% | -1.41% | -95.11% | -50.45% | -34.6% | 14.98% | 1.09% | 2.13% | -2.26% | -1.92% | 11.58% | 14.26% | 12.97% | 16.35% | 24.36% | 30.64% | 19.3% | 3.13% | 57.55% | 22.81% |
| EBITDA | 9.03B | 10.02B | 1.5B | 5.41B | 6.23B | 10.18B | 8.81B | 9.75B | 8.89B | 8.93B | 8.66B | 9.53B | 9.08B | 9.06B | 7.87B | 8.29B | 7.93B | 7.74B | 6.31B | 6.51B |
| EBITDA Margin % | 8.06% | 8.97% | 1.32% | 4.78% | 5.59% | 9.29% | 8.74% | 9.67% | 9% | 8.95% | 9.17% | 10.32% | 9.77% | 9.85% | 9.51% | 10.25% | 9.88% | 9.65% | 8.56% | 9% |
| Interest Expense | 962M | 955M | 974M | 1B | 1.03B | 998M | 1B | 1.07B | 985M | 844M | 830M | 834M | 828M | 754M | 676M | 516M | 467M | 433M | 431M | 422M |
| Non-Operating Income | 61M | -72M | 126M | 83M | 41M | 15M | -21M | 20M | 1.23B | 7.09B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pretax Income | 6.97B | 7.96B | -720M | 3.23B | 4.08B | 8.11B | 6.79B | 7.61B | 5.67B | 1M | 6.86B | 7.69B | 7.23B | 7.33B | 6.21B | 6.95B | 6.67B | 6.52B | 5.11B | 5.29B |
| Pretax Margin % | 6.22% | 7.13% | -0.64% | 2.85% | 3.66% | 7.4% | 6.74% | 7.55% | 5.73% | 0% | 7.26% | 8.33% | 7.78% | 7.98% | 7.51% | 8.59% | 8.3% | 8.13% | 6.93% | 7.31% |
| Income Tax | 1.3B | 1.48B | -938M | 686M | 510M | 1.63B | 1.01B | 1.36B | 1.24B | 1.22B | 1.18B | 1.65B | 1.57B | 1.56B | 1.31B | 1.56B | 1.47B | 1.37B | 919M | 1.1B |
| Effective Tax Rate % | 18.63% | 18.61% | 130.28% | 21.24% | 12.49% | 20.13% | 14.83% | 17.81% | 21.96% | 122200% | 17.26% | 21.5% | 21.75% | 21.25% | 21.03% | 22.49% | 22% | 21.01% | 17.98% | 20.78% |
| Net Income | 5.48B | 6.28B | 10M | 2.35B | 3.41B | 6.29B | 5.54B | 6.05B | 4.22B | -1.41B | 5.46B | 5.84B | 5.47B | 5.61B | 4.76B | 5.26B | 5.07B | 5.03B | 4.07B | 4.09B |
| Net Margin % | 4.9% | 5.62% | 0.01% | 2.07% | 3.05% | 5.74% | 5.5% | 6.01% | 4.26% | -1.41% | 5.78% | 6.32% | 5.89% | 6.1% | 5.75% | 6.5% | 6.31% | 6.27% | 5.52% | 5.65% |
| Net Income Growth % | 61.01% | -0.19% | -99.82% | -61.22% | -19.21% | 546.56% | 1.61% | 3.66% | -22.98% | -125.11% | 14.58% | 11% | 7.97% | 11.62% | 16.95% | 28.78% | 18.85% | 3.39% | 84.04% | 28.81% |
| EPS (Diluted) | 6.05 | 6.90 | 0.01 | 2.59 | 3.74 | 6.85 | 5.98 | 6.51 | 4.54 | -1.53 | 5.83 | 6.24 | 5.82 | 5.95 | 5.03 | 5.55 | 5.34 | 5.27 | 4.26 | 4.28 |
| EPS Growth % | 61.76% | 0.73% | -99.82% | -60.22% | -17.62% | 547.71% | 2.57% | 4.33% | -21.99% | -125.71% | 15.9% | 12.43% | 8.99% | 12.9% | 18.08% | 29.67% | 19.73% | 3.74% | 85.22% | 29.7% |
| EPS (Basic) | 6.05 | 6.90 | 0.01 | 2.59 | 3.76 | 6.91 | 5.98 | 6.56 | 4.58 | -1.53 | 5.90 | 6.31 | 5.89 | 6.02 | 5.10 | 5.63 | 5.42 | 5.35 | 4.33 | 4.34 |
| Diluted Shares Outstanding | 906M | 910M | 910M | 912M | 910M | 918M | 927M | 930M | 928M | 922M | 935M | 936M | 940M | 943M | 947M | 948M | 950M | 954M | 955M | 955M |