UnitedHealth Group Inc. UNH financials

Healthcare & Pharma · Statements and segments from its SEC filings, 2007 to 2025.

UnitedHealth Group Inc. revenue, gross and operating margin, net income, free cash flow, cash and debt by quarter and by fiscal year, and revenue by segment, read from the company's own filings with the US Securities and Exchange Commission. Free to everyone; the Risk & Quality report that scores the company is the paid step.

revenue by segment: UnitedHealthcare, Optum Rx, Optum Health, Optum Insight
operating income by segment: UnitedHealthcare, Optum Rx, Optum Insight, Optum Health

The numbers

Annual figures

Line	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$184.8B	$201.2B	$226.2B	$242.2B	$257.1B	$287.6B	$324.2B	$371.6B	$400.3B	$447.6B
Gross profit	$160.4B*	$177B*	$199.2B*	$214B*	$226.4B*	$256.6B*	$290.5B*	$332.9B*	$353.6B*	$396.9B*
Operating income	$12.9B	$15.2B	$17.3B	$19.7B	$22.4B	$24B	$28.4B	$32.4B	$32.3B	$19B
Net income	$7B	$10.6B	$12B	$13.8B	$15.4B	$17.3B	$20.1B	$22.4B	$14.4B	$12.1B
EPS (diluted)	$7.25	$10.72	$12.19	$14.33	$16.03	$18.08	$21.18	$23.86	$15.51	$13.23
Operating cash flow	$9.8B	$13.6B	$15.7B	$18.5B	$22.2B	$22.3B	$26.2B	$29.1B	$24.2B	$19.7B
Free cash flow	$8.1B*	$11.6B*	$13.7B*	$16.4B*	$20.1B*	$19.9B*	$23.4B*	$25.7B*	$20.7B*	$16.1B*
Cash & equivalents	$10.4B	$12B	$10.9B	$11B	$16.9B	$21.4B	$23.4B	$25.4B	$25.3B	$24.4B
Total debt	$33B*	$31.7B*	$36.6B*	$40.7B*	$43.5B*	$46B*	$54.5B	$58.3B	$72.4B	$72.3B
Gross margin	86.8%	88.0%	88.1%	88.4%	88.0%	89.2%	89.6%	89.6%	88.3%	88.7%
Operating margin	7.0%	7.6%	7.7%	8.1%	8.7%	8.3%	8.8%	8.7%	8.1%	4.2%
Net margin	3.8%	5.2%	5.3%	5.7%	6.0%	6.0%	6.2%	6.0%	3.6%	2.7%

Latest quarters

Line	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$100.8B	$100.8B*	$109.6B	$111.6B	$113.2B	$113.2B*	$111.7B	$112B
Gross profit	$89B*	$88.3B*	$97.2B*	$98.6B*	$100.6B*	$100.5B*	$98.9B*	$98.7B*
Operating income	$8.7B	$7.8B*	$9.1B	$5.2B	$4.3B	$380M*	$9B	$8B
Net income	$6.1B	$5.5B*	$6.3B	$3.4B	$2.3B	$10M*	$6.3B	$5.5B
EPS (diluted)	$6.51	$5.98*	$6.85	$3.74	$2.59	$0.02*	$6.90	$6.04
Operating cash flow	$13.9B*	$2.4B*	$5.5B	$7.2B*	$5.9B*	$1.1B*	$8.9B	$11.1B*
Free cash flow	$13B*	$1.5B*	$4.6B*	$6.3B*	$5.1B*	$160M*	$8.1B*	$10.3B*
Cash & equivalents	$32.4B	$25.3B	$30.7B	$28.6B	$27.2B	$24.4B	$28B	$28.6B
Total debt	$74.1B	$72.4B	$71.3B	$73.5B	$72.4B	$72.3B	$71.4B	$69.5B
Gross margin	88.3%	87.6%	88.7%	88.3%	88.9%	88.8%	88.5%	88.1%
Operating margin	8.6%	7.7%	8.3%	4.6%	3.8%	0.3%	8.0%	7.1%
Net margin	6.0%	5.5%	5.7%	3.1%	2.1%	0.0%	5.6%	4.9%

Revenue by segment

Line	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
UnitedHealthcare	$200.9B	$222.9B	$249.7B	$281.4B	$298.2B	$344.9B
Optum Rx	$87.5B	$91.3B	$99.8B	$116.1B	$133.2B	$154.7B
Optum Health	$39.8B	$54.1B	$71.2B	$95.3B	$105.4B	$102B
Optum Insight	$10.8B	$12.2B	$14.6B	$18.9B	$18.8B	$19.4B

Segment figures include sales between segments, so they add up to more than consolidated revenue.

Operating income by segment

Line	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
UnitedHealthcare	$12.4B	$12B	$14.4B	$16.4B	$15.6B	$9.4B
Optum Rx	$3.9B	$4.1B	$4.4B	$5.1B	$5.8B	$7.2B
Optum Insight	$2.7B	$3.4B	$3.6B	$4.3B	$3.1B	$2.6B
Optum Health	$3.4B	$4.5B	$6B	$6.6B	$7.8B	-$278M

* derived: a fourth quarter as the year less the three filed quarters, or a remainder as the total less the parts. All other figures are as filed.

About this page

Every figure on this page is read from UnitedHealth Group Inc.'s own SEC filings: the statement lines from the SEC's XBRL company-facts feed, the revenue splits from the segment and revenue notes of each 10-K and 10-Q. Nothing is typed in or estimated. The cache refreshes daily.

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