UnitedHealth Group (UNH) financials
UnitedHealth Group revenue and earnings by year
UnitedHealth Group's revenue was $448 billion in the fiscal year to December 31, 2025, up 11.8% from the year before. Net income was $12.1 billion, 2.7% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 10.3% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 447.6 | 400.3 | 371.6 | 324.2 | 287.6 | 257.1 | 242.2 | 226.2 | 201.2 | 184.8 |
| Revenue growth | 11.8% | 7.7% | 14.6% | 12.7% | 11.8% | 6.2% | 7.0% | 12.5% | 8.8% | — |
| Gross profit | 82.9 | 89.4 | 91.0 | 79.6 | 69.7 | 67.0 | 57.6 | 53.8 | 47.0 | 43.4 |
| Gross margin | 18.5% | 22.3% | 24.5% | 24.6% | 24.2% | 26.1% | 23.8% | 23.8% | 23.4% | 23.5% |
| Operating income | 19.0 | 32.3 | 32.4 | 28.4 | 24.0 | 22.4 | 19.7 | 17.3 | 15.2 | 12.9 |
| Operating margin | 4.2% | 8.1% | 8.7% | 8.8% | 8.3% | 8.7% | 8.1% | 7.7% | 7.6% | 7.0% |
| Net income | 12.1 | 14.4 | 22.4 | 20.1 | 17.3 | 15.4 | 13.8 | 12.0 | 10.6 | 7.0 |
| Net margin | 2.7% | 3.6% | 6.0% | 6.2% | 6.0% | 6.0% | 5.7% | 5.3% | 5.2% | 3.8% |
| Diluted EPS | $13.23 | $15.51 | $23.86 | $21.18 | $18.08 | $16.03 | $14.33 | $12.19 | $10.72 | $7.25 |
| Free cash flow | 16.1 | 20.7 | 25.7 | 23.4 | 19.9 | 20.1 | 16.4 | 13.7 | 11.6 | 8.1 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open UNH in Markets.
How UnitedHealth Group makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Unitedhealthcare | $86.0B | 78.6% |
| Optum Health | $23.5B | 21.4% |
See also: UNH valuation and P/E history · UNH returns
No forecast, no recommendation. This page describes UnitedHealth Group from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.